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:

ABN AMRO Fixed Term Plan- Series 10 Plan F
Tenure: 380 Days
Offer Opens: March 10, 2008
Offer Closes: March 17, 2008
Minimum Application: Rs 25000 for regular plan, Rs 25,00,000 for institutional plan
Exit Load: 2%

Birla Fixed Term Plan-Series AN
Tenure: 381 Days
Offer Opens: March 11, 2008
Offer Closes: March 17, 2008
Minimum application: Rs 5000 for retail plan and Rs 1, 00, 00,000 for Institutional plan
Exit Load: 2%-If repurchased on or before 180 days from the date of allotment
1%-If repurchased after 180 days from the date of allotment but before maturity date

SBI Debt Fund Series-13 Months-7
Tenure: 13 Months
Offer Opens: 7 March 2008
Offer Closes: 17 March 2008
Plan: Retail and Institutional
Minimum Application: Retail- Rs 5000, Institutional-Rs 50,000

Standard Chartered Fixed Maturity Plan-Yearly Series 19
Tenure: 384 Days
Offer Opens: March 7, 2008
Offer Closes: March 14, 2008
Plan: Plan A, Plan B
Minimum Application: Plan A- Rs 5000, Plan B-Rs 1, 00, 000
Exit Load: 2%