Fixed Maturity Plans

FIXED MATURITY PLANS BEAT NRE / NRO YIELDS

Comparative Income Analysis of NRO, NRE V/s FMP's (Fixed Maturity Plan)

Particulars

NRO 1 Yr.

Deposit

NRO

Savings

NRE 1 Yr.

Deposit

NRE

Savings

ICICI Pru. Mutual Fund FMP

TATA

Mutual Fund

FMP

Return (p.a.)

9.50%

3.50%

4.17%

3.50%

8.75%

9.00%

Tax rate *

33.66%

33.66%

NIL

NIL

11.33%

22.66%

Net

6.30%

2.32%

4.17%

3.50%

7.76%

6.96%

Tenure

1 Yr.

Min. 1 mnth.

1 Yr.

Min. 1 mnth.

370 Days

13 Mnths

Lock in period and Liquidity

1 yr.

Min. 1 mnth for Interest

1 Yr.

Min. 1 mnth for Interest

^redemptions made during repurchase facility period

^Redemption before maturity

Repatriation

Not
Repatriable

Not
Repatriable

Repatriable

Repatriable

Repatriable

Repatriable

Tax status

Interest/Dividend

Taxable

Taxable

TAX FREE

TAX FREE

Subject to Max. 10% Tax

Subject to Max. 10% Tax

Salient Features of Fixed Maturity Plan

1 Initial investment is made in Indian Rupee Fixed Maturity Plan of leading Mutual Funds like Standard Chartered, Franklin Templeton Mutual Fund, Tata Mutual Fund and others.

02 The principal amount and fixed returns are both guaranteed.

03 The gains are taxed after indexation.

04 Annualized yield for NRI investor after tax ranges to 9.90 % to 10.10 %.

05 The Principal amount as also gains are fully repatriable.

List of Current FMPs :

Sr. No.

Scheme Name

Date

Indicative Yield

Application forms

1.

TATA FIXED HORIZON FUND SERIES - 20 Scheme B

3rd November'08 - 15th December'08

9.45%

Application forms

2.

UTI Fixed Term Income Fund Series V - IX (13 months)

1st November'08 - 15th December'08

9.50%

Application forms

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Current FMPs

TATA FIXED HORIZON FUND SERIES - 20 Scheme B

Indexation Benefit Available! Opens on: 03rd December'08 Closes on: 15th December'08

Type of scheme

A Close Ended Debt Fund

New fund offer price

Rs.10/- per unit

Allotment Date

19th December, 2008

Maturity Date

19th April, 2010

Tenor of the scheme

16 Months

Indicative Yield

Retail Plan: 9.45%

Institutional Plan: 10.40%

Entry Load

Nil

Exit Load

1% if redeemed before maturity, Nil on maturity.

Minimum application amount

Retail Plan: Rs.10,000/- and in multiples of Re.1/- thereafter.

Institutional Plan: Rs. 1,00,00,000/- and in multiples of Re.1/- thereafter.

Investment objective

The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of Debt and Money Market instruments.

Options available

(I) Growth

(II) Dividend

  - Dividend Payout

UTI Fixed Term Income Fund Series V - IX (13 months)

Indexation Benefit Available! Opens on: 01st December'08 Closes on: 15th December'08

Type of scheme

A Close Ended Income Fund

New fund offer price

Rs.10/- per unit

Allotment Date

18th December, 2008

Maturity Date

18th January, 2010

Tenor of the scheme

13 Months

Indicative Yield

Retail Plan: 9.50%

Institutional Plan: 10.30%

Super-Institutional Plan:10.45%

Entry Load

Nil

Exit Load

3% before maturity

Minimum application amount

Retail Plan: Rs 5,000

Institutional Plan: Rs 1 Crore

Investment objective

The scheme aims to generate stable returns by investing in a portfolio of fixed income securities normally maturing in line with the maturity period of plan. However, the scheme does not guarantee /indicate any returns. There can be no assurance that the fund's objective will be achieved.

Options available

(I) Growth

(II) Dividend

  - Dividend Payout

- Dividend Reinvestment

Example For Computation Of Indexation Benefit

Dividend

Growth

Indexation

Individual & HUF

Corporate

A

Purchase Price

100

100

100

100

B

Post Expenses Yield

9.00%

9.00%

9.00%

9.00%

C

Repurchase Price A=P*(1+R)^T

110.29

110.29

110.29

110.29

D

GAIN=C-A

10.29

10.29

10.29

10.29

E

INDEXED COST @5%

NA

NA

NA

105.00

F

INDEXED GAIN=C-E

NA

NA

NA

5.29

G

Tax Rate

14.16%

22.66%

11.33%

22.66%

H

Tax

1.28

1.90

1.17

1.20

I

Post Tax Gains

9.01

8.39

9.12

9.09

J

Value of Investment

109.01

108.39

109.12

109.09

K

Post Tax CAGR

8.76%

8.15%

8.87%

8.84%

Fixed Maturity Plans (FMPs)- BASICS

Safe, predictable and better post-tax returns than bank FDs Rising interest rates not only mean rising EMIs but also offer an opportunity to earn higher returns. Debt schemes are now offering attractive returns with short-term rates in the region of 8-10%. Call money rates have been moving higher to about 7.5-8% due to tight liquidity conditions. With the RBI deciding to raise the cash reserve ratio (CRR), liquidity conditions have worsened. Tightness in the money markets is expected to continue till the end of the current financial year and investors can consider investing in short term options like FMPs or floating rate schemes. Fixed maturity plans, or FMPs as they are popularly called, are close-ended funds with a fixed tenure and invest in a portfolio of debt products whose maturity coincides with the maturity of the product. The primary objective of a FMP is to generate income while protecting the capital by investing in a portfolio of debt and money market securities. The tenure can be of different maturities, ranging from one month to five years. FMPs can be compared to fixed deposits of a bank. While a fixed deposit offers a 'guaranteed' return, returns in FMPs are only 'indicative'. Typically, the fund house fixes a 'target amount' for a scheme, which it ties up informally with borrowers before the scheme opens. That way it knows the interest rate it will earn on its investments, providing the 'indicative return' to investors.

Benefits of FMPs

FMPs offer many benefits like tax efficiency, fixed tenure and low sensitivity to interest rates. The minimum investment amount is usually Rs 5,000, which a retail investor can easily invest.

Capital protection: FMPs have less risk of capital loss than equity funds due to their investment in debt and money market instruments.

Low interest rate sensitivity: As the securities are held till maturity, FMPs are not affected by interest rate volatility. The actual returns are more or less close to the indicative returns declared at the scheme's launch.

Lower cost: FMPs involve minimum expenditure on fund management, as there is no requirement for a time-to-time review by fund managers to buy/sell the instruments constituting the fund. Since these instruments are held till maturity, there is a cost saving in respect of buying and selling of instruments.

Tax benefits: FMPs score over fixed deposits because of their tax efficiencies both in the short-term as well in the long-term.

For investment in Indian Mutual Fund, please note that you require;

.01 Permanent Account Number (PAN Card) - not only PAN Number
.02 Non-Resident External (NRE) or Non-Resident Ordinary (NRO) bank account in India** and

.03 Know Your Customer (KYC) compliance.

** If you wish to open new NRE / NRO bank account, please inform.

However, if you do not have the Permanent Account Number (PAN) and Know Your Customer (KYC) compliance which is mandatory and if you wish to avail, we will provide professional assistance for application of Permanent Account Number (PAN) and Know Your Customer (KYC) compliance.

http://www.nrimutualfunds.com/application/pan_blank/pan.htm

http://www.nrimutualfunds.com/application/k_y_c/kyc.htm

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MF Equity Schemes & BSE, NSE, FTSE, Dow 1 / 2 / 3 Years Performance as on 31.10.2008

Rank 1 year - Gain 2 years - Gain 3 years - Gain

Fund Name Gain % Fund Name Gain % Fund Name Gain %

1 Uti - Spread Fund 8.91% Principal Focussed Advantage Fund 33.21% Reliance Diversified Power Sector Fund 107.29%

2 Jm - Arbitrage Advantage Fund 8.57% Uti Leadership Equity Fund 29.88% Principal Focussed Advantage Fund Growth Plan 93.06%

3 Lotus India Arbitrage Fund 8.34% Reliance Index Fund 27.08% Reliance Index Fund - Sensex Plan 92.78%

4 Hdfc Arbitrage Fund 8.20% Reliance Diversified Power Sector Fund 22.80% Reliance Index Fund - Nifty Plan 73.96%

5 Sbi Arbitrage Opportunities Fund 7.58% Reliance Index Fund 21.60% Uti Equity Fund 62.10%

6 Kotak Equity Arbitrage Fund 7.46% Uti - Spread Fund 19.40% Birla Tax Plan '98 61.17%

7 IDFC Arbitrage Fund - Plan B 7.36% Jm - Arbitrage Advantage Fund 19.01% Sundaram BNP Paribas Select Focus 59.10%

8 IDFC Arbitrage Fund - Plan A 6.82% Kotak Equity Arbitrage Fund 17.69% DSP BlackRock Top 100 Equity Fund 57.68%

9 Principal Focussed Advantage Fund 1.44% Uti Equity Fund 14.36% ICICI Prudential Infrastructure Fund 56.63%

10 Aig Infrastructure And Economic Reform Fund N.A. Birla Tax Plan '98 6.68% Tata Infrastructure Fund 47.45%

11 Bsl Pure Value Fund N.A. IDFC Premier Equity Fund 6.26% HDFC Growth Fund 46.84%

12 Bsl Special Situations Fund N.A. Reliance Banking Fund 3.14% Franklin India Prima Plus 43.84%

13 Bsl Tax Relief'96 Fund-elss N.A. Aig India Equity Fund Institutional Growth N.A. IDFC Premier Equity Fund 43.76%

14 Franklin Asian Equity Fund N.A. Aig India Equity Fund Regular Growth N.A. Sundaram BNP Paribas Tax Saver 43.49%

15 Franklin India TAXSHIELD'95 N.A. Aig Infrastructure And Economic Reform Fund N.A. Uti Growth Sector Fund 41.36%

16 FT India Pe Ratio Fund N.A. Birla Long Term Advantage Fund N.A. Uti Thematic Large Cap Fund 40.39%

17 Hdfc Infrastructure Fund N.A. Bsl International Equity N.A. HDFC Top 200 Fund 39.86%

18 Hsbc - Emerging Market Fund N.A. Bsl Pure Value Fund N.A. Kotak 30 Equity Scheme 38.92%

19 Hsbc - Small Cap Fund N.A. Bsl Special Situations Fund N.A. Reliance Growth Fund 38.74%

20 Icici Prudential Fusion Fund N.A. Bsl Tax Relief'96 Fund N.A. Dws Investment Opportunity Fund 38.70%

Particulars	NRO 1 Yr. Deposit	NRO Savings	NRE 1 Yr. Deposit	NRE Savings	ICICI Pru. Mutual Fund FMP	TATA Mutual Fund FMP
Return (p.a.)	9.50%	3.50%	4.17%	3.50%	8.75%	9.00%
Tax rate *	33.66%	33.66%	NIL	NIL	11.33%	22.66%
Net	6.30%	2.32%	4.17%	3.50%	7.76%	6.96%
Tenure	1 Yr.	Min. 1 mnth.	1 Yr.	Min. 1 mnth.	370 Days	13 Mnths
Lock in period and Liquidity	1 yr.	Min. 1 mnth for Interest	1 Yr.	Min. 1 mnth for Interest	^redemptions made during repurchase facility period	^Redemption before maturity
Repatriation	Not Repatriable	Not Repatriable	Repatriable	Repatriable	Repatriable	Repatriable
Tax status Interest/Dividend	Taxable	Taxable	TAX FREE	TAX FREE	Subject to Max. 10% Tax	Subject to Max. 10% Tax

Sr. No.	Scheme Name	Date	Indicative Yield	Application forms
1.	TATA FIXED HORIZON FUND SERIES - 20 Scheme B	3rd November'08 - 15th December'08	9.45%	Application forms
2.	UTI Fixed Term Income Fund Series V - IX (13 months)	1st November'08 - 15th December'08	9.50%	Application forms

Current FMPs
TATA FIXED HORIZON FUND SERIES - 20 Scheme B Indexation Benefit Available! Opens on: 03rd December'08 Closes on: 15th December'08
Type of scheme	A Close Ended Debt Fund
New fund offer price	Rs.10/- per unit
Allotment Date	19th December, 2008
Maturity Date	19th April, 2010
Tenor of the scheme	16 Months
Indicative Yield	Retail Plan: 9.45% Institutional Plan: 10.40%
Entry Load	Nil
Exit Load	1% if redeemed before maturity, Nil on maturity.
Minimum application amount	Retail Plan: Rs.10,000/- and in multiples of Re.1/- thereafter. Institutional Plan: Rs. 1,00,00,000/- and in multiples of Re.1/- thereafter.
Investment objective	The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of Debt and Money Market instruments.
Options available	(I) Growth (II) Dividend - Dividend Payout

UTI Fixed Term Income Fund Series V - IX (13 months) Indexation Benefit Available! Opens on: 01st December'08 Closes on: 15th December'08
Type of scheme	A Close Ended Income Fund
New fund offer price	Rs.10/- per unit
Allotment Date	18th December, 2008
Maturity Date	18th January, 2010
Tenor of the scheme	13 Months
Indicative Yield	Retail Plan: 9.50% Institutional Plan: 10.30% Super-Institutional Plan:10.45%
Entry Load	Nil
Exit Load	3% before maturity
Minimum application amount	Retail Plan: Rs 5,000 Institutional Plan: Rs 1 Crore
Investment objective	The scheme aims to generate stable returns by investing in a portfolio of fixed income securities normally maturing in line with the maturity period of plan. However, the scheme does not guarantee /indicate any returns. There can be no assurance that the fund's objective will be achieved.
Options available	(I) Growth (II) Dividend - Dividend Payout - Dividend Reinvestment

MF Equity Schemes & BSE, NSE, FTSE, Dow 1 / 2 / 3 Years Performance as on 31.10.2008
Rank	1 year - Gain		2 years - Gain		3 years - Gain
Rank	Fund Name	Gain %	Fund Name	Gain %	Fund Name	Gain %
1	Uti - Spread Fund	8.91%	Principal Focussed Advantage Fund	33.21%	Reliance Diversified Power Sector Fund	107.29%
2	Jm - Arbitrage Advantage Fund	8.57%	Uti Leadership Equity Fund	29.88%	Principal Focussed Advantage Fund Growth Plan	93.06%
3	Lotus India Arbitrage Fund	8.34%	Reliance Index Fund	27.08%	Reliance Index Fund - Sensex Plan	92.78%
4	Hdfc Arbitrage Fund	8.20%	Reliance Diversified Power Sector Fund	22.80%	Reliance Index Fund - Nifty Plan	73.96%
5	Sbi Arbitrage Opportunities Fund	7.58%	Reliance Index Fund	21.60%	Uti Equity Fund	62.10%
6	Kotak Equity Arbitrage Fund	7.46%	Uti - Spread Fund	19.40%	Birla Tax Plan '98	61.17%
7	IDFC Arbitrage Fund - Plan B	7.36%	Jm - Arbitrage Advantage Fund	19.01%	Sundaram BNP Paribas Select Focus	59.10%
8	IDFC Arbitrage Fund - Plan A	6.82%	Kotak Equity Arbitrage Fund	17.69%	DSP BlackRock Top 100 Equity Fund	57.68%
9	Principal Focussed Advantage Fund	1.44%	Uti Equity Fund	14.36%	ICICI Prudential Infrastructure Fund	56.63%
10	Aig Infrastructure And Economic Reform Fund	N.A.	Birla Tax Plan '98	6.68%	Tata Infrastructure Fund	47.45%
11	Bsl Pure Value Fund	N.A.	IDFC Premier Equity Fund	6.26%	HDFC Growth Fund	46.84%
12	Bsl Special Situations Fund	N.A.	Reliance Banking Fund	3.14%	Franklin India Prima Plus	43.84%
13	Bsl Tax Relief'96 Fund-elss	N.A.	Aig India Equity Fund Institutional Growth	N.A.	IDFC Premier Equity Fund	43.76%
14	Franklin Asian Equity Fund	N.A.	Aig India Equity Fund Regular Growth	N.A.	Sundaram BNP Paribas Tax Saver	43.49%
15	Franklin India TAXSHIELD'95	N.A.	Aig Infrastructure And Economic Reform Fund	N.A.	Uti Growth Sector Fund	41.36%
16	FT India Pe Ratio Fund	N.A.	Birla Long Term Advantage Fund	N.A.	Uti Thematic Large Cap Fund	40.39%
17	Hdfc Infrastructure Fund	N.A.	Bsl International Equity	N.A.	HDFC Top 200 Fund	39.86%
18	Hsbc - Emerging Market Fund	N.A.	Bsl Pure Value Fund	N.A.	Kotak 30 Equity Scheme	38.92%
19	Hsbc - Small Cap Fund	N.A.	Bsl Special Situations Fund	N.A.	Reliance Growth Fund	38.74%
20	Icici Prudential Fusion Fund	N.A.	Bsl Tax Relief'96 Fund	N.A.	Dws Investment Opportunity Fund	38.70%