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Fixed Maturity Plan Funds
FMP or Fixed Maturity Plans are a type of Close-ended Mutual fund schemes.
These schemes fixed and specific maturity date on which it will be matured.
Proceeds from the maturity will be sent to the bank account or can be transferred to another scheme of the same fund house by submitting an appropirate form.
FMPs can be Equity, Hybrid or Debt schemes.
A majority of mutual fund schemes are of this type only.
In fact, these form the bulk of the NFOs these days.
Fund houses float these schemes because it is easier to get approval for these schemes.
The disadvantage of these schemes is that the expense ratio will be a bit high.
Of course, there will be more disadvantages that come from being a close-ended fund.
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Related Topics
- Equity Mutual Funds
- Debt Mutual Funds
- Balanced Funds
- Index Funds
- Diversified Multicap Equity Funds
- Equity Linked Savings Schemes (ELSS)
- Equity Savings Mutual Funds
- Liquid Mutual Fund Schemes
- Ultra Short Term Mutual Fund Schemes
- Short-term Debt Mutual Fund Schemes
- Capital Protection-Oriented Funds
- Arbitrage Mutual Fund Schemes
- Exchange Traded Funds
- International Mutual Fund Schemes
- Largecap Mutual Fund Schemes
- Midcap Mutual Fund Schemes
- Smallcap Mutual Fund Schemes
- Thematic and Sectoral Mutual Fund Schemes
- Dynamic Bond Funds
- Dynamic Asset Allocation Funds
- Monthly Income Plans
- Gilt Mutual Funds
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