Hi,
I am planning to invest some amount in a Fixed Maturity Plan, but having difficulty in selecting one out of the many available.
Since all FMPs are NFOs, I am not sure how do I compare them to determine which one is better/safer than the others.
My aim is to invest for a horizon of 400+ days so that I can avail the benefit of double indexation and get returns similar/better than FDs, along with safety of my capital. Of course, I understand there is a small risk involved in FMPs when compared to FDs, but am willing to go for it.
I am referring to the list of NFOs at :
http://www.valueresearchonline.com/funds/fmpnfo.asp
So can anyone advise what approach to use for shortlisting 1-2 FMPs from the above? Also it would be good if you could suggest some good FMPs, which i can then research in detail.
Thanks in advance.
Regards
Vaibhav G