Personal Finance Blog India –

HDFC Mutual Fund Fixed Maturity Plan – FMP 384 Days March 2013:

HDFC Mutual fund New Fund Offer – NFO for Fixed maturity plan for 384 days.FMPs invest in debt / money market instruments & Govt securities maturing on or before maturity of the plan.Performance is benchmarked against CRISIL short term Bond fund. - HDFC FMP 384 D March 2013

Fixed Maturity Plans are always of Closed Ended nature & can not be sold back to the fund but units  automatically get automatically get credited on maturity date.They are listed on the exchanges & can be sold in secondary market.

NFO Details:

  • Opening date: March 18, 2013.
  • Closing date: March 25, 2013.
  • Date Of allotment: March 26, 2013.
  • Date of maturity: April 14, 2014.

Regulators have banned prediction of Returns of Fixed maturity plans but we can take view at past performance of one of the year old fixed maturity plan – HDFC FMP 370D Feb 2012:

        Sample Performance – HDFC FMP 370D Feb 2012
Period Fund Returns (p.a.)* Category Avg Returns
1 Year 9.9% 5.90%
6 Months 4.5% 2.50%
3 Months 2.0% 1.00%
1 Months 0.7% 0.30%

* Note: Performance of this fund can not be guaranteed for New fund offer also.Changing interest rates scenario can affect the returns of FMPs / debt funds.

Fixed maturities plans are considered to be superior in terms of taxation point of view as it offers investors benefit of indexation / double indexation & can be considered for investment purpose if you are in high tax bracket.

Category: Fixed Income


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