L&T Fixed Maturity Plan – Series XX (1471 days) – A review
L&T Mutual funds AMC has come up with another Fixed Maturity Plan (FMP) Series XX (Plan-A) NFO which is for 1471 days that would open for subscription on October 27, 2020. As the name indicates, this is fixed maturity plan that gets matured on a specific date. Many experts keep recommending to invest in FMPs which provide higher returns than fixed deposits. Who can invest in L&T Fixed Maturity Plan – Series XX (1471 Days) NFO? What are the risk factors an investor should consider before investing in such fixed maturity plan schemes?
What are Fixed Maturity Plans (FMP)?
Fixed maturity plans in mutual funds would have specific maturity date. These would generaly invest in debt instruments that would match with the scheme duration. FMPs…