Some wealth managers are recommending fixed maturity plans or FMPs to their clients as they believe that FMPs are well placed due to yields climbing up in the last six months. The benchmark yield of 10-year government security touched the highest of 8.12 in the month of November. Even though the yields seem to be stabilising, some mutual fund managers believe that it is a good idea to lock in to FMPs at the current rates.
"FMPs are very good products for investors, especially those who ..
