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More profit than fixed deposits, invest in this mutual fund to get tax exemption
One of the best funds for those who are interested in investing in mutual funds is fixed maturity plan mutual fund. It is a type of debt mutual fund or debt fund, where a specific period is set in advance. In other words, this type of mutual fund is very much like a fixed deposit account of a bank. An FMP is a fixed term mutual fund scheme, in which the maturity fund invests in various loan securities in line with the tenure of the scheme. If a person wants to invest in such a fixed maturity plan, then he has to judge all the security of the loan of that particular scheme in advance. Those interested can then invest in the sector only after checking the project documents by determining the quality of various indicators of the underlying loan. The main goal of FMPs is to predict compound interest rates and make appropriate choices, which can give the highest returns to investors in the future. Read More
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