As the name suggests, an FMP is an MF scheme that indicates a fixed return to investors after a pre-set time period, which could vary from a few months to a few years. FMPs of more than three years also offer lucrative post-tax returns and hence a large number of investors use these schemes as a substitute for bank fixed deposits.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2X0A219
