Around 16 new Fixed Maturity Plans (FMPs) are currently open for subscription in the market. Mutual fund advisors believe that the fund houses are trying to exploit the correction in the equity markets and RBI’s stance on the interest rates. Many prominent fund houses such as Reliance Mutual Fund, Tata Mutual Fund, Axis Mutual Fund, HDFC Mutual Fund, among others have lined FMPs.
“Fixed maturity plans are returning around 8.0-8.2 per cent annually at this point. This will be around 7.5 ..
