FIXED MATURITY PLANS
Fixed maturity plans(FMP) are a kind of debt fund where the duration of the investment portfolio is closely aligned to the maturity of the scheme
What is FIXED MATURITY Plan?
Fixed maturity plans(FMP) are a kind of debt fund where the duration of the investment portfolio is closely aligned to the maturity of the scheme. AMCs tend to structure the scheme around preidentified investments. Further, being close-ended schemes, they do not accept money post-NFO,therefore, the fund manager has little ongoing role in deciding on the investment options.
Such a portfolio construction gives more clarity to investors on the likely returns if they stay invested in the scheme until its maturity (though there can be no guarantee or assurance of such returns).
This helps to compare the returns with alternative investments like bank deposits.
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