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MFs - Bank CDs -FMPs - beat NRE / NRO interest rates |
Fixed Maturity Plans [FMPs] Salient Features
1 Initial investment is made in Indian Rupee Fixed Maturity Plan of leading Mutual Funds like Reliance Mutual Fund, ICICI Prudential Mutual Fund, Birla Mutual Fund, TATA Mutual Fund, DSP BlackRock Mutual Fund and others.
02 The investment is earmarked ONLY in BANK CDs/FDs.
03 The principal amount and fixed returns are both guaranteed.
04The gains are taxed after indexation.
05 Annualized yield for NRI investor after tax ranges to 8.5% to 9%.
06 The Principal amount as also gains are fully repatriable.
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FMP Gains with Computation
Of Indexation Benefit | ||||
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FMP 9%-Dividend |
FMP 9%-Growth |
Indexation |
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A |
Purchase Price |
100 |
100 |
100 |
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B |
Post Expenses Yield |
9.00% |
9.00% |
9.00% |
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C |
Repurchase Price A=P*(1+R)^T |
110.29 |
110.29 |
110.29 |
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D |
GAIN=C-A |
10.29 |
10.29 |
10.29 |
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E |
INDEXED COST @5% |
NA |
NA |
105.00 |
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F |
INDEXED GAIN=C-E |
NA |
NA |
5.29 |
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G |
Tax Rate |
14.16% |
11.33% |
22.66% |
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H |
Tax |
1.28 |
1.17 |
1.20 |
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I |
Post Tax Gains |
9.01 |
9.12 |
9.09 |
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J |
Value of Investment |
109.01 |
109.12 |
109.09 |
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K |
Post Tax CAGR |
8.76% |
8.87% |
8.84% |
Current FMP's
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Sr. No. |
Scheme Name |
Date |
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1. |
L&T FMP - III (June366D A) |
03rd June 2011 - 14th June 2011 |
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2. |
ICICI Prudential Capital Protection Oriented Fund - Series I - 24 Months Plan |
03rd June 2011 - 17th June 2011 |
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3. |
ICICI Prudential Fixed Maturity Plan - Series 57 - 1 Year Plan B |
06th June 2011 - 13th June 2011 |
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4. |
KOTAK FMP SERIES 50 |
07th June 2011 - 13th June 2011 |
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To initiate Mutual Fund Investment & avail our Mutual Fund Portfolio Services, please provide |
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To initiate Mutual Fund Investment & avail our Mutual Fund
Portfolio Services, |
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