Fixed Maturity Plan News
New FMPs hit record high, cross Rs 1-lakh cr mark Number of schemes launched till November beats the entire 2008 tally. In the mutual fund space, 2011 truly belonged to fixed maturity plans (FMPs). At least 615 new schemes were launched till November this year, raising a whopping Rs 1.08 lakh crore, according to data provided. A fixed-maturity plan is a fund that invests in debt and money market instruments of the same maturity as the stated maturity
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