Dear Sir,
I just want to do Something better from others thats why apart from equity, i invest my customers fund in Diversified way. There are many products in the market which are available, where customer make more money compare to other investment without taking any risk or low risk, its my hobby to search and collect all details and discuss with expertise person of the specified product, and calculate all positive and negative points of the product and forward to you. As per our team FMP is also a good product and customer not aware about this very much.
FMP is just like FD, offered by many Asset management companies. And these type of scheme launched by the MF houses at the time of liquidty crunch and uncertain interest rate Scenerio.
Time frame of the FMP's are 1month, 3months,6months,1yr and more yr. Below 1yr is taxable return and more then 365 days are non taxable returns. Because as per the guidelines of SEBI .
In FMP's, The Asset Management companies showing and telling indicative returns which are between 9.25% to 10.25% Yearly (more then 365 days) which results into lesser/Negliable taxation from the earning. And this is only the best part of this product. Apart from this you invest your fund for a month, 3month,6month also but on this return you will pay Dividend Distribution Tax @ 14.03%. But this is better then saving a/c where you will get 3.5% around or incase you choose term deposit option in saving bank a/c then you will never get better return than FMP. Its a safe investment based on two option, one is Growth and 2nd is Dividend Option (Normal and Quaterly)
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