Fixed maturity plans lose sheen, ICICI Prudential withdraws scheme

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'ICICI Prudential manages the highest amount of assets in this category in the industry.' (AP) 'ICICI Prudential manages the highest amount of assets in this category in the industry.' (AP)
Summary'ICICI Prudential manages the highest amount of assets in this category in the industry.'

Amit Tripathi said that investors have not lost interest in FMP products and they will come back as returns are generally better in this segment.

"Mutual fund industry has seen sound demand for FMP products in July-September period due to uncertainty in the macro-economy and good rates offered by these products.

"However, fall in rates in the recent past and expectation of higher rates going ahead are prompting investors to time the market and wait for some more time to invest in the hope of rise in returns," he added.

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