FIxed Maturity Plans

POSTED BY Jig ON July 19, 2011 11:30 am ONE COMMENT

I want to park my money for short duration..

I am confused between FD & FMP.

What are tax implications on both considering the investor is an NRI?

How the FMP returns are calculated? What are the benefit at end of maturity?

Please share your view on this.

Thanks

 

One reply on this article “FIxed Maturity Plans”

  1. Manish Chauhan says:
    July 20, 2011 at 9:28 am

    Jignesh

    FMP as an investment would not be different for you just because you are an NRI , you can indexation benefit on FMP’s and thats where FD dont match up to FMP . But FMP comes at their own cost .

    Read following two articles to understand more

    https://www.jagoinvestor.com/2008/11/real-face-of-fmps.html
    https://www.jagoinvestor.com/2008/08/what-is-fmp-fixed-maturity-plans-fmps.html
    https://www.jagoinvestor.com/2009/05/how-to-calculate-capital-gains-and-what_7801.html

    Reply

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