Roll over FMPs only if you don’t need cash


Akhil Mittal, senior fund manager of Tata Asset Management says that investors whose investments in fixed maturity plans (FMPs) are nearing maturity are shifting to other products, especially hybrid or balanced funds, instead of rolling over the FMP. Fund managers are seeing investors move to both debt and equity oriented hybrid funds.
http://www.business-standard.com/article/pf/roll-over-fmps-only-if-you-don-t-need-cas..
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