I wish to invest in FMPs.I am ready to lock in for 3 years. Now Fixed deposit interest rate is rising.Is it advisable to invest in FMPs? If Yes , which FMPs do you suggest.I am looking for better returns than FDs.
1 Answers
Hi,
It is always good time to invest in FMPs if you are looking for predictable returns for a particular tenure. However, it won't allow you to benefit from the change in the interest rate environment.
For example, most debt funds benefit when there is a fall in interest rate and vice-versa.
However, FMPs won't join the party. Also, do note that FMPs are close-ended ones.
This link has the latest FMP NFOs.
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