Why We Do Not Recommend FMPs & Lessons from the Current Crisis
Debashis Basu  and  Clinton Fernandes 12 April 2019
Investors in debt schemes have woken up to another rude shock. Some fixed-maturity plans (FMPs) of Kotak Mutual Fund paid lower than the expected amount on maturity of the scheme. HDFC MF, also caught in the mess, chose to extend the maturity date of the one of its FMPs by 380 days. 
Although asset management companies (AMCs) have tried to placate investors with explanations that they are...
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