Pankaaj Maalde, head of financial planning, Apnapaisa.com, gives a thumbs-up to investment in FMPs but cautions that “before investing in any FMP, you should take a look at the papers that the company is planning to invest in. A check on the kind of investments made by the company in previous plans also gives a fair bit of idea about where it is going to park its money. In fact, one should try and invest in AAA-rated funds”.
The returns are not disclosed by companies but generally managers share indicative returns.
Published in DNA on 7th April'2012. below is the link of full article.
