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In our issue of 29 March 2007, we had pointed out the attractiveness of bank fixed deposits (FDs) against fixed maturity plans (FMPs) of mutual funds. The gradual rise in interest rates put the shine back in debt instruments, especially for risk-averse investors. Banks offer anywhere between 9%-10% on FD schemes and the average FMP earned about 5% when we did our analysis. The change in the...
