News From Press All you need to know about fixed maturity plans or FMPs

All you need to know about fixed maturity plans or FMPs

Source: The Economic Times Apr 13, 2019

An FMP is one of the debt products that are offered to many first-time investors looking for an alternative to fixed deposits because they are tax efficient. ET helps you understand what an FMP is.

What are fixed maturity plans?
FMPs are closedend debt funds with a maturity period that can range from one month to five years. Because debt funds enjoy long-term capital gains tax after three years, typically three-year FMPs are now popular. FMPs are predominantly deb ..

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