Fixed Maturity Plan is commonly known as the FMP.It is a great instrument to park ones funds in the present market scenario The post tax return in case of FMP is much much higher than the case of Fixed Deposits. In case of Mutual fund the appreciation is taxed as per LONg Term Capital Gain and Short Term Capital Gain .While in the case of a Fixed Deposit you are taxed on the basis of the Taxation bracket.Hence if you want to park your money for a short period of time FMP is the best product .
Fixed Maturity Plan is commonly known as the FMP.It is a great instrument to park ones funds in the present market scenario The post tax return in case of FMP is much much higher than the case of Fixed Deposits. In case of Mutual fund the appreciation is taxed as per LONg Term Capital Gain and Short Term Capital Gain .While in the case of a Fixed Deposit you are taxed on the basis of the Taxation bracket.Hence if you want to park your money for a short period of time FMP is the best product .