Fixed maturity plans or FMPs have seen a 12 per cent hike in their assets under management in the last two months. The AUM of FMPs in June 2018 was Rs 1,00,970 crore. It grew to Rs 1,09,315.89 crore in July, and to Rs 1,13,832 crore at the end of August. Mutual fund advisors believe that investors are lapping up FMPs because of the troubles in the debt market. The market is spooked by liquidity issues, downgrades and rising interest rates.
“FMPs have been an attractive instrument for a ..
