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News From Press Bond effect: Fixed Maturity Plans on a high

Bond effect: Fixed Maturity Plans on a high

Source: The Hindu BusinessLine Jul 23, 2018

Dhuraivel Gunasekaran Fixed Maturity Plans (FMPs) within the debt fund category are the flavour of the season for nstitutional investors.

Out of favour last year, FMPs have recorded significant inflows the past few months, thanks to the prevailing high bond yields that have raised the interest of the institutional investors.

Data sourced from the Association of Mutual Funds in India (AMFI) show that the monthly net inflows into FMPs, which ranged from ₹1,000 crore to ₹3,000 crore last year, shot up sharply in 2018. The inflows were notably high in May and June, at ₹11,711 crore and ₹10,991 crore, respectively.

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