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April 25, 2024
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Best Fixed Maturity Plans India

Best Fixed Maturity Plans India

The table below shows the Best Fixed Maturity Plans in India based on AUM, NAV. 

NameAUMNAV
SBI FMP-41-1498D850.6811.8
DSP FMP 267-1246D623.9711.08
SBI FMP-66-1361D622.911.3
SBI FMP-67-1467D538.0911.26
SBI FMP-42-1857D439.6611.84
HDFC FMP-Sr 46-1861D-Mar 2022424.2311.23
Kotak FMP-292-1735D416.8211.53
ICICI Pru FMP-85-10Y-I414.715.13
SBI FMP-81-1157D375.2610.79
SBI FMP-64-1169D370.9211.12

Content:

Top Fixed Maturity Plans

The table below shows the Top Fixed Maturity Plans based on lowest to highest expense ratio. 

NameExpense Ratio
SBI FMP-34-3682D0
SBI FMP-6-3668D0
Nippon India FHF-XLI-8-3654D0
SBI FMP-1-3668D0
ICICI Pru FMP-85-10Y-I0
Bandhan FTP-179-3652D0
SBI FMP-41-1498D0
SBI FMP-42-1857D0
SBI FMP-43-1616D0
SBI FMP-44-1855D0

Best Fixed Maturity Plans

The table below shows the Best Fixed Maturity Plans based on Highest 3Y CAGR. 

NameCAGR 3Y
SBI FMP-1-3668D6.02
Bandhan FTP-179-3652D5.98
ICICI Pru FMP-85-10Y-I5.96
Nippon India FHF-XLI-8-3654D5.9
SBI FMP-6-3668D5.83
SBI FMP-34-3682D5.79
SBI FMP-42-1857D5.6
SBI FMP-41-1498D5.49

Best Fixed Maturity Plans India

The table below shows Best Fixed Maturity Plans India based on exit load i.e., the fee that the AMC charges investors when exiting or redeeming their fund units.

NameExit LoadAMC
SBI FMP-34-3682D0SBI Funds Management Limited
SBI FMP-6-3668D0SBI Funds Management Limited
Nippon India FHF-XLI-8-3654D0Nippon Life India Asset Management Limited
SBI FMP-1-3668D0SBI Funds Management Limited
ICICI Pru FMP-85-10Y-I0ICICI Prudential Asset Management Company Limited
Bandhan FTP-179-3652D0Bandhan AMC Limited
SBI FMP-41-1498D0SBI Funds Management Limited
SBI FMP-42-1857D0SBI Funds Management Limited
SBI FMP-43-1616D0SBI Funds Management Limited
SBI FMP-44-1855D0SBI Funds Management Limited

Best Fixed Maturity Plans Of Mutual Funds

The table below shows the Best Fixed Maturity Plans Of Mutual Funds based on Absolute Return 1 Year and AMC. 

NameAMCAbsolute Returns – 1Y
Nippon India FHF-XLV-5-1158DNippon Life India Asset Management Limited8.77
TRUSTMF FMP-SR-IITrust Asset Management Private Limited8.49
Kotak FMP-308-1125DKotak Mahindra Asset Management Company Limited7.68
Kotak FMP-304-3119DKotak Mahindra Asset Management Company Limited7.6
SBI FMP-1-3668DSBI Funds Management Limited7.15
SBI FMP-41-1498DSBI Funds Management Limited7.14
SBI FMP-56-1232DSBI Funds Management Limited7.14
Bandhan FTP-179-3652DBandhan AMC Limited7.1
SBI FMP-81-1157DSBI Funds Management Limited7.08
Nippon India FHF-XLIII-1-1755DNippon Life India Asset Management Limited7.07

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Best Fixed Maturity Plans India – FAQs  

1. What are the Best Fixed Maturity Plans?

Best Fixed Maturity Plans #1: SBI FMP-41-1498D
Best Fixed Maturity Plans #2: DSP FMP 267-1246D
Best Fixed Maturity Plans #3: SBI FMP-66-1361D
Best Fixed Maturity Plans #4: SBI FMP-67-1467D
Best Fixed Maturity Plans #5: SBI FMP-42-1857D

These funds are listed based on Highest AUM.

2. Is a fixed maturity plan good?

Fixed Maturity Plans (FMPs) offer fixed tenures, tax efficiency, and potential higher returns, making them suitable for investors seeking stable, short-term investment options.

3. Which mutual fund has a fixed date of maturity?

Fixed Maturity Plans (FMPs) are the specific type of mutual funds with a fixed maturity date. Unlike other mutual funds, FMPs come with a predetermined maturity date, one of their distinctive features.

4. Is FMP tax free?

Fixed Maturity Plans (FMPs) are not entirely tax-free. The income you earn from FMPs is subject to tax. However, an indexation benefit is available for FMP investments held for more than three years.

5.Is FMP better than FD?

FMPs may offer potentially higher returns and tax benefits due to indexation, making them favorable for investors with longer horizons compared to traditional Fixed Deposits.

Introduction to Best Fixed Maturity Plans India

Best Fixed Maturity Plans India – AUM, NAV

SBI FMP-71-364D

The scheme aims for stable income, capital growth, low interest rate risk through diversified investments in debt instruments with AUM 930.93.

SBI FMP-41-1498D

Launched on 25-Mar-2021, SBI Fixed Maturity Plan (FMP) Series 41 (1498 Days) is benchmarked against CRISIL Medium Duration Debt Index with ₹820.10 crore AUM.

SBI FMP-69-367D

This fund, with 93.07% in debt (3.43% in Govt. securities, 89.64% in low-risk securities), suits long-term investors preferring low-risk assets over equities. AUM: 726.66.

Top Fixed Maturity Plans – Expense Ratio

SBI FMP-66-1361D

SBI Fixed Maturity Plan (FMP) – Series 66 (1361 Days) Direct Growth, a debt fund launched on 12 July 2022, offers secure investment. It has an AUM of 603.45 with no expense ratio.

DSP FMP 267-1246D

DSP FMP Series 267 – 1246 Days Direct Growth, a debt fund managed by Laukik Bagwe, started on 14 November 2022. It offers a safe investment option with an AUM of 601.41 and zero expense ratio.

SBI FMP-67-1467D

SBI Fixed Maturity Plan (FMP) – Series 67 (1467 Days) Direct Growth is a secure debt fund initiated on 29 July 2022. Managed with an AUM of 517.97 and zero expense ratio, it ensures safety for investments.

Best Fixed Maturity Plans – CAGR 3Y

SBI FMP-1-3668D

SBI Fixed Maturity Plan – Series 1 – 3668 Days, part of SBI Mutual Fund, started on 28-Mar-2019. Its current AUM is ₹42.06 crore with a 3-year CAGR of 5.02%.

Bandhan FTP-179-3652D

Bandhan Fixed Term Plan – Series 179, a Fixed Maturity Plans fund under Bandhan Mutual Fund, commenced on 13-Mar-2019. It presently holds an AUM of ₹299.89 crore with a 3-year CAGR of 5.02%.

ICICI Pru FMP-85-10Y-I

ICICI Prudential Fixed Maturity Plan – Series 85 – 10 Years Plan I, a Fixed Maturity Plans fund under ICICI Prudential Mutual Fund, began on 15-Mar-2019. It currently manages an AUM of ₹396.92 crore, with a 3-year CAGR of 4.99%.

Best Fixed Maturity Plans India – Exit Load 

SBI FMP-42-1857D

SBI Fixed Maturity Plan (FMP) Series 42 (1857 Days), a part of SBI Mutual Fund, began on 30-Mar-2021. It currently manages an AUM of ₹423.36 crores, and there is no exit load associated with this fund.

HDFC FMP-Sr 46-1861D-Mar 2022

HDFC FMP 1861D March 2022, a Fixed Maturity Plans fund under HDFC Mutual Fund, was initiated on 09-Mar-2022. It currently manages an AUM of ₹410.44 crore, and there is no exit load associated with this fund.

Kotak FMP-292-1735D

The Kotak FMP Series 292 – 1735 Days Direct Growth, with an AUM of 403.69 crores, does not impose any exit load.

Best Fixed Maturity Plans Of Mutual Funds – Absolute Returns – 1Y

Nippon India FHF-XLIII-5-2315D

Nippon India Fixed Horizon Fund – XLIII – Series 5, a Fixed Maturity Plans fund by Nippon India Mutual Fund, started on 03-Mar-2022. It currently holds an AUM of ₹153.37 crore, with absolute returns of 7.84% over 1 year.

SBI FMP-34-3682D

SBI Fixed Maturity Plan (FMP) Series 34 (3682 Days) is a Fixed Maturity Plans fund managed by SBI Mutual Fund. Launched on 05-May-2020, it currently has an AUM of ₹24.09 crore and has shown absolute returns of 7.81% over the past year.

HDFC FMP-Sr 46-1876D-Mar 2022

HDFC FMP 1876D March 2022, part of HDFC Mutual Fund’s Fixed Maturity Plans, began on 29-Mar-2022. Its current AUM stands at ₹28.76 crore, with absolute returns of 7.76% over the past year.

We hope you’re clear on the topic, but there’s more to explore in stocks, commodities, mutual funds, and related areas. Here are important topics to learn about.

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Logistic Stocks IndiaWhat is Futures Trading?
Best small Cap Mutual FundBracket Order
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tourism stocks indiaWhat is a Sub Broker?
best gold etf in indiaWhat is SEBI

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change over time.

Vinayak Hagargi
Vinayak Hagargi
Vinayak is a passionate financial markets enthusiast with 4+ years of experience. He has curated over 100 articles simplifying complex financial concepts. He has a unique ability to break down financial jargon into digestible chunks. Vinayak aims to empower newbies with relatable, easy-to-understand content. His ultimate goal is to provide content that resonates with their needs and aspirations.
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