Fixed Maturity Plans

Rupee at 62: Why it's a good time to invest in FMPs

In fact, investing in FMPs is now a good idea, reason being, FMP invests in instruments like Certificates of Deposits, and money market instruments, which are currently offering yield of 9.5-10 percent.

Want a tax advantage? Fixed maturity plan is your best bet

FMPs are increasingly being preferred over bank deposits as the former offers a better post-tax yield. Having a similar risk profile, investors prefer FMPs on account of the double indexation benefit built into the instrument.