Fixed maturity plans, a popular debt mutual fund (MF) product, seem to be out of favour with investors following changes to the tax structure and markets regulator Sebi expects that lesser number of schemes would be filed in the remaining period of 2015-16.
Besides, increase in risk appetite of investors too played a crucial role in making FMPs less attractive.
The Securities and Exchange Board (Sebi) said that FMP as a product has become unattractive because of the new tax structure and it is expected that a lesser number of schemes would be filed for the remaining period of 2015-16, as per the mid-term review of its budget estimates for the ongoing financial year.
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