What is special about Franklin Templeton Asset Management (India) Ltd launching a new fixed maturity plan (FMP)? On 20 March, it launched a new fund called Franklin India Fixed Maturity Plan Series 3 Plan D (1,132 Days). The mutual funds industry has launched 253 FMPs, in this financial year (2017-18), so far, as per Value Research data.
But Franklin Templeton’s FMP launch is different. Its last FMP was in March 2007. After launching a single FMP in 2016-17, it has launched nine so far in this financial year. What explains this sudden love?
