Why Fixed Maturity Plans are so popular among Investors?
Fixed Maturity Plans or FMPs, as we know them, have shown a huge interest among investors in last financial year. All mutual funds companies put together have been able to collect Rs 1.75 lakh crore only in FMPs. Even the recent cut in interest rates by RBI does not seem to have any impact on the attraction of this product. The primary reason for such a high interest is the multifold benefits FMP offers to investors.
Read to know more about FMPs…
http://www.moneycontrol.com/news/mf-experts/why-fixed-maturity-plansso-popular-among-investors_699487.html