FMP stands for Fixed Maturity Plan, which is a type of debt mutual fund in India. It is a closed-ended fund that invests in fixed-income securities such as bonds, debentures, and government securities with a fixed maturity date. The fund’s portfolio is structured to mature on or around the same date as the scheme’s maturity, thereby offering investors the potential for capital appreciation and regular income in the form of interest payments. FMPsare typically managed with a focus on preserving capital and generating steady returns, making them a suitable investment option for conservative investors with a low-risk tolerance. Visit Complete Circle Capital now and learn more!
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