News From Press Aditya Birla SL, HDFC Mutual Fund to merge FMPs into debt funds

Aditya Birla SL, HDFC Mutual Fund to merge FMPs into debt funds

Source: ET Mar 23, 2022

Aditya Birla Sun Life Mutual Fund and HDFC Mutual Fund will merge their Fixed Maturity Plans (FMPs) - fixed tenure debt products - coming up for maturity in April and May into their existing open-ended fixed income schemes.

The move will be more tax-efficient for investors who do not need the investment proceeds immediately, said investment advisors.

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