Nippon India Mutual funds have come up with Fixed Horizon Fund (FHF) XLII Series 7 NFO, which is for 1869 days that would open for subscription on November 4, 2020. This is a close ended fund that gets matured on a specific date. Many experts keep recommending to invest in Fixed maturity plans (FMPs) which provide higher returns than fixed deposits. Who can invest in Nippon India Fixed Horizon Fund – XLII Series 7 (1869 Days) NFO? What are the risk factors an investor should consider before investing in such fixed maturity plan schemes?
Also Read: Two Large-Midcap Mutual Funds that have beaten its peers
What are Fixed Maturity Plans (FMPs)?
Fixed maturity plans in mutual funds would have a specific maturity date. These would generally invest in debt instruments that would match with the scheme’s…