Exchange Currency

fixed maturity plan

FMP. A closed-end fund that invests in debt and money market instruments of the same maturity as the stated maturity of the plan. The focus of a fixed maturity plan is to provide a stream of income through interest payments, while exposing the investor to a lower level of risk.

Related information about fixed maturity plan:
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  4. Pros and cons of fixed maturity plans - Economic Times
    Jun 11, 2012 ... A fixed maturity plan (FMP) is a closed-ended debt scheme, wherein the duration of debt papers is aligned with the tenure of the scheme.
     
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