2,006 Funds
₹68,01,847 Cr Total AUM
Sort By
Fund name | Fund size | Expense Ratio | 3Y Returns |
---|---|---|---|
![]() Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Global - Other Very High Risk | ₹2,010 Cr | 0.07% | 42.4% |
![]() Bank of India Credit Risk Fund Direct Growth Credit Risk High Risk | ₹113 Cr | 1.03% | 37.7% |
![]() Sundaram Emerging Small Cap - Series V Direct Growth Small-Cap Low Risk | ₹83 Cr | 0.79% | 35.8% |
![]() Sundaram Emerging Small Cap - Series VI Direct Growth Small-Cap Low Risk | ₹45 Cr | 0.77% | 35.5% |
![]() Sundaram Emerging Small Cap - Series VII Direct Growth Small-Cap Low Risk | ₹159 Cr | 0.97% | 32.8% |
![]() SBI PSU Direct Growth Equity - Other Very High Risk | ₹4,542 Cr | 0.78% | 29.8% |
![]() Motilal Oswal Midcap Fund Direct Growth Mid-Cap Very High Risk | ₹24,488 Cr | 0.65% | 29.7% |
![]() ICICI Prudential Infrastructure Fund Direct Growth Equity - Infrastructure Very High Risk | ₹7,434 Cr | 1.21% | 28.3% |
![]() Invesco India PSU Equity Fund Direct Growth Equity - Other Very High Risk | ₹1,229 Cr | 0.85% | 28.1% |
![]() Aditya Birla Sun Life PSU Equity Fund Direct Growth Equity - Other Very High Risk | ₹5,168 Cr | 0.55% | 27.9% |
Fixed Maturity Plans are close-ended debt mutual fund schemes that eliminate interest rate risk and lock in a yield by investing only in securities whose maturity matches the maturity of the fund. They are suitable for investors who have a fixed tenure in mind.
They invest in marketable debt securities like certificates of deposits (CDs), commercial papers (CPs), other money market instruments, corporate bonds, non-convertible debentures (NCDs) of reputed companies, or government securities, maturing in line with the scheme's tenure. Moreover, unlike fixed deposits, they don’t have a guaranteed rate of return.
Since they are close-ended schemes, they are mandatorily listed on stock exchanges. Only units held in dematerialized mode can be traded, so investors seeking liquidity in such schemes need a demat account.
As of February 29, 2024, this fund category has assets under management (AUM) of Rs 18,956 crore, with the oldest being more than 17 years old, according to the Association of Mutual Funds in India (AMFI). SBI Fixed Maturity Plan, DSP FMP, Axis Fixed Term Plan, HDFC FMP, and Kotak FMP are the top-ranked schemes by AUM, respectively.
Source: AMFI website as of February 29, 2024
While you should identify your risk profile and plan your financial goals before investing in Fixed Maturity Plans, here are some situations where they may fit in:
As of February 19, 2024, Fixed Maturity Plans (FMPs) offer potentially higher returns (7.5%-9.7%) compared to fixed deposits from large banks (6.5%-7%). While FMPs carry some market-related risk, they provide an opportunity to outpace traditional bank fixed deposits.
Source: Valueresearch, SBI, HDFC Bank, ICICI Bank, BOB websites as of February 19, 2024
Note: While Fixed Maturity Plans are good alternatives to bank fixed deposits, they are not insured like them. Up to Rs. 5 lakh per bank account are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC).
They are relatively low-risk investments compared to equity or even some open-ended debt funds. Conservative investors who prioritise capital preservation and predictable returns may find FMPs attractive.
Short Term Capital Gains (STCG) Tax | Long Term Capital Gains (LTCG) Tax | |
Before 1st April 2023 | All gains registered within 24 months from the investments are taxed at your slab rate. | All gains registered after 24 months from investments are taxed at a 12.5% tax rate. |
On and after 1st April 2023 | Slab rate. | Slab rate |
These funds pay out dividends when you invest in their IDCW (Income Distribution Cum Withdrawal) option. Dividends are taxed at your marginal income tax rate, and TDS (Tax Deducted at Source) at 10% applies to dividends received more than Rs 5,000 per AMC per financial year.
They provide investors with a relatively predictable return at the time of investment. The fixed maturity structure allows investors to know the expected yield, making it easier to plan for future cash flows or financial goals.
The closed-ended structure means that the fund is not subject to daily redemptions, reducing the impact of market volatility on the portfolio. Investors can hold their investment until maturity without being affected by market sentiment.
Fixed Maturity Plans invest in a diversified portfolio of debt instruments, including government securities, corporate bonds, and money market instruments. Diversification helps spread risk and can contribute to portfolio stability.
They generate income for investors through interest payments on the underlying debt securities. This can be attractive for income-oriented investors looking for a regular and stable income stream.
Fixed Maturity Plans are sensitive to changes in interest rates. When interest rates rise, the prices of existing bonds tend to fall. Conversely, when rates decline, bond prices may rise. Investors in Fixed Maturity Plans may face capital losses if interest rates move unfavourably.
Fixed Maturity Plans invest in a mix of debt securities, and their performance is influenced by market conditions. Economic factors, credit risk, and overall market volatility can impact the fund's returns.
Fixed Maturity Plans may invest in bonds with varying credit qualities. A downgrade in the credit rating of the bonds in the portfolio could lead to losses.
They have a fixed maturity period, and during most of this period, investors cannot redeem their units. While some FMPs may offer limited liquidity options through a stock exchange platform, the liquidity is generally restricted compared to open-ended funds. This lack of liquidity can be a disadvantage for investors who may need to access their funds before maturity.
Fixed Maturity Plans offer Indian investors a low-volatility investment option with the potential for slightly higher returns than traditional bank fixed deposits. They're best suited for those who have a clear investment horizon in mind and are comfortable with some degree of market-linked risk. Fixed Maturity Plans are ideal for those seeking diversification, income generation, and a more predictable return profile than equity-based funds. Before investing, carefully consider your individual risk tolerance and financial needs to ensure they align with your goals.
Fixed Maturity Plans are close-ended debt mutual fund schemes that eliminate interest rate risk and lock in a yield by investing only in securities whose maturity matches the maturity of the fund. They are suitable for investors who have a fixed tenure in mind.
They invest in marketable debt securities like certificates of deposits (CDs), commercial papers (CPs), other money market instruments, corporate bonds, non-convertible debentures (NCDs) of reputed companies, or government securities, maturing in line with the scheme's tenure. Moreover, unlike fixed deposits, they don’t have a guaranteed rate of return.
Since they are close-ended schemes, they are mandatorily listed on stock exchanges. Only units held in dematerialized mode can be traded, so investors seeking liquidity in such schemes need a demat account.
As of February 29, 2024, this fund category has assets under management (AUM) of Rs 18,956 crore, with the oldest being more than 17 years old, according to the Association of Mutual Funds in India (AMFI). SBI Fixed Maturity Plan, DSP FMP, Axis Fixed Term Plan, HDFC FMP, and Kotak FMP are the top-ranked schemes by AUM, respectively.
Source: AMFI website as of February 29, 2024
While you should identify your risk profile and plan your financial goals before investing in Fixed Maturity Plans, here are some situations where they may fit in:
As of February 19, 2024, Fixed Maturity Plans (FMPs) offer potentially higher returns (7.5%-9.7%) compared to fixed deposits from large banks (6.5%-7%). While FMPs carry some market-related risk, they provide an opportunity to outpace traditional bank fixed deposits.
Source: Valueresearch, SBI, HDFC Bank, ICICI Bank, BOB websites as of February 19, 2024
Note: While Fixed Maturity Plans are good alternatives to bank fixed deposits, they are not insured like them. Up to Rs. 5 lakh per bank account are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC).
They are relatively low-risk investments compared to equity or even some open-ended debt funds. Conservative investors who prioritise capital preservation and predictable returns may find FMPs attractive.
Short Term Capital Gains (STCG) Tax | Long Term Capital Gains (LTCG) Tax | |
Before 1st April 2023 | All gains registered within 24 months from the investments are taxed at your slab rate. | All gains registered after 24 months from investments are taxed at a 12.5% tax rate. |
On and after 1st April 2023 | Slab rate. | Slab rate |
These funds pay out dividends when you invest in their IDCW (Income Distribution Cum Withdrawal) option. Dividends are taxed at your marginal income tax rate, and TDS (Tax Deducted at Source) at 10% applies to dividends received more than Rs 5,000 per AMC per financial year.
They provide investors with a relatively predictable return at the time of investment. The fixed maturity structure allows investors to know the expected yield, making it easier to plan for future cash flows or financial goals.
The closed-ended structure means that the fund is not subject to daily redemptions, reducing the impact of market volatility on the portfolio. Investors can hold their investment until maturity without being affected by market sentiment.
Fixed Maturity Plans invest in a diversified portfolio of debt instruments, including government securities, corporate bonds, and money market instruments. Diversification helps spread risk and can contribute to portfolio stability.
They generate income for investors through interest payments on the underlying debt securities. This can be attractive for income-oriented investors looking for a regular and stable income stream.
Fixed Maturity Plans are sensitive to changes in interest rates. When interest rates rise, the prices of existing bonds tend to fall. Conversely, when rates decline, bond prices may rise. Investors in Fixed Maturity Plans may face capital losses if interest rates move unfavourably.
Fixed Maturity Plans invest in a mix of debt securities, and their performance is influenced by market conditions. Economic factors, credit risk, and overall market volatility can impact the fund's returns.
Fixed Maturity Plans may invest in bonds with varying credit qualities. A downgrade in the credit rating of the bonds in the portfolio could lead to losses.
They have a fixed maturity period, and during most of this period, investors cannot redeem their units. While some FMPs may offer limited liquidity options through a stock exchange platform, the liquidity is generally restricted compared to open-ended funds. This lack of liquidity can be a disadvantage for investors who may need to access their funds before maturity.
Fixed Maturity Plans offer Indian investors a low-volatility investment option with the potential for slightly higher returns than traditional bank fixed deposits. They're best suited for those who have a clear investment horizon in mind and are comfortable with some degree of market-linked risk. Fixed Maturity Plans are ideal for those seeking diversification, income generation, and a more predictable return profile than equity-based funds. Before investing, carefully consider your individual risk tolerance and financial needs to ensure they align with your goals.
By Duration
By Credit Quality
By Investment Style
Funds having a maturity of 3 to 4 years
Mirror an index of long-term debt instruments.
Funds having a maturity of 6 to 12 months
Funds having a maturity of 5 years or more
Funds having a maturity of 3 to 6 months.
Low risk, high liquidity with a maturity of 1 Day
Funds having a maturity of 1 week to 3 months
Funds having a maturity of 1 year to 3 years.
Hybrid funds are a combination of equity and debt investments. The blend of these asset classes varies based on the fund's investment goals.
Equity funds mainly invest in stocks of different companies, making investors partial owners of those companies when they invest in such funds.
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