Fixed maturity plans (FMPs) are attracting investors’ money as they can earn 8.1-8.5% over a three-year period, after the recent rise in rates.
These FMPs have garnered close to Rs 12,000 crore in the first couple of months of this financial year as retail investors, HNIs and corporates have locked money at these high rates. Such FMPs are being offered by Aditya Birla SL MF, IDFC, ICICI, Edelweiss, DSP, HDFC, Invesco, Kotak, Sundaram, Tata and UTI, with tenures from 1080-1405 days, and ..
