(A close ended debt scheme)
New Fund Offer Opens: 8th March, 2010
New Fund Offer Closes: 15th March, 2010
Allotment Date : 16th March, 2010
Minimum Amount for Retail Plan : Rs. 10,000/-
Minimum Amount for Institutional Plan : Rs. 25,00,000/-
Fund Manager: Mr. Pankaj Jain
Earn Tax Efficient Returns through Double Indexation Benefit
What are Fixed Maturity Plans ?
Fixed Maturity Plans are schemes offered by mutual funds that have a pre-specified tenure. The basic objective is to generate steady returns over a fixed duration.
Advantages of Fixed Maturity Plans
1 Low credit risk* : FMPs normally invest in high credit rated fixed income instruments
2 Indexation benefit : Indexation benefit helps in lowering capital gains so the tax outflow is lower. In certain scenarios by staying invested for little more than a year, the investor is able to get inflation indexation benefit for two financial years and can bring down his tax outflow substantially or in some cases has to pay Nil tax.
No comments:
Post a Comment