Has anyone bought FMP recently through demat account. I need some insight on how does it work? I was under the impression that FMP worked like FD (with risk) but the term is pre defined. But after going though few recent FMP NFOs (HDFC & BlackRock) noted that we can exit anytime we want. How does the brokerage charged?
Now I would like to park some funds (2L) and thought of holding it in a FMP.
Appreciate your response.