News From Press What you must know about FMPs

What you must know about FMPs

Livemint May 13, 2019

FMPs are essentially close-ended funds where new fund offer (NFOs) are launched for a pre-determined period and then closed for subscription. The maturities of these FMPs are pre-determined too and could differ across tenures from as low as one month to as high as 10 years. The most popular tenure continues to be the three-year FMPs.

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