Check FMP portfolios. Don't get carried away by tax breaks alone

Last week, I wrote in defence of good old fixed deposits (FDs) with safe large nationalised banks. A couple of days later, this message popped up in my mailbox. “Did you know tax on interest earned on fixed deposits can be as high as 33.99%? That’s why Fidelity’s Fixed Maturity Plan (FMP) makes sense. The fund will aim to...