FMP Update

Here are some more launches of FMP that are available in the market at this point of time

Please read the following blogs to get details about what an FMP is and its advantages

1. Why invest in Fixed maturity plans ?

2. Fixed Maturity Plan - FAQ

The FMPs available in the market are:


UTI Fixed Term Income Fund-Series IV Plan IV

Tenure: 13 months
Offer open: 7 March 2008
Offer closes: 13 March 2008
Minimum Investment: Rs 5000
Cost Per Unit: Rs 10

SBI Debt Fund Series -13 Months Fund -7

Tenure: 13 months
Offer Open: 7 March 2008
Offer Closes: 17 March 2008
Plans: Retail and Institutional
Schemes: Growth and dividend
Minimum Investment: Rs 50,000 for retail plan and Rs 5, 00,000 for institutional plan
Cost Per Unit: Rs 10
Exit Load: 2% before maturity


JM Fixed Maturity Fund- Series IX-15 Months Plan ( JM FMF-IX-15M )

Tenure: 15 Months
Offer Opens: March 7, 2008
Offer Closes: March 12, 2008
Plan: Regular and Institutional
Scheme: Dividend and Growth
Minimum Investment: Rs 5000 per option for regular Plan and Rs 5, 00,000 per option for institutional plan
Cost Per Unit: Rs 10 Per Unit
Exit load: 2% before maturity