Fixed Maturity Plans V/s Fixed Deposits

I hardly write on personal finance but suddenly thought of doing a story over it as one of my very good friend explored this part.

The point raised was whether FMP ( Fixed maturity plans ) or FD ( Fixed deposits) who offers best returns ?

Lets try to understand the fundamental difference and similarities between them before jumping to the conclusion.

  •  FMPs are issued and managed by mutual funds while bank fixed deposits are managed by banks
  • While bank fixed deposits (FDs) are deposits in bank debt instruments

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