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2 ArticlesFMP

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Don't Buy A 1 year FMP: Taxes Will Apply Under DTC

Fixed Maturity Plans are being touted as the new way to lock yourself into about 10% yields. But Sandeep Shanbhag mentions why the Direct Tax Code screws the ...

FMPs can't be redeemed, have to trade on exchanges

SEBI’s new ruling: 3. It was decided that no early exit will be allowed in any scheme of Mutual Fund in the nature of a close ended scheme. The schemes ...