Name of Scheme	Name of the Plan	Type	Opening Date	Annualised Return
UTI Fixed Income Interval Fund - Series II	Quarterly Interval Plan VII	Quarterly Interval	04-Jan-12	9.33%
UTI Fixed Income Interval Fund - Series II	Quarterly Interval Plan IV	Quarterly Interval	23-Jan-12	9.56%
UTI Fixed Income Interval Fund	Monthly Interval Plan I	Monthly Interval	24-Jan-12	9.12%
UTI Fixed Income Interval Fund	Monthly Interval Plan II	Monthly Interval	14-Feb-12	9.16%
UTI Fixed Income Interval Fund	Monthly Interval Plan I	Monthly Interval	27-Feb-12	9.51%
UTI Fixed Income Interval Fund	Monthly Interval Plan II	Monthly Interval	14-Mar-12	11.02%
UTI Fixed Income Interval Fund	Monthly Interval Plan I	Monthly Interval	28-Mar-12	9.82%

1.	What is an FMP?
Fixed Maturity Plans or, in short, FMPs (may also be called as FTP, FTIF etc) are debt schemes with a fixed maturity, launched by mutual funds. They run for a fixed period of time that could range from one month to as long as three years or more. The objective of an FMP is to generate a return over a fixed maturity period.

 FMPs invest in fixed income securities like money market instruments government securities, corporate bonds, certificate of deposits (CDs), commercial papers (Cps), bank fixed deposits (FDs) etc., which mature in line with the tenure of the fund. Since the instruments are held to maturity, there is no risk of the value of the security being affected by interest rate movements.

2.	Who should invest in FMPs?
FMPs are suitable for

 Investors who seek safe avenues for investment and in the process keep money in fixed deposits (FDs) with banks. They can earn tax efficient returns # based on current tax laws.
 
 Investors who want to park money for a fixed period of time in relatively safe instruments giving returns, with a view to meeting certain financial goals in the near future.

 Even aggressive investors who normally prefer equity investments should invest a part of their funds in FMPs, as one needs to have a proper asset allocation in place to achieve their goals. FMPs offer stability to the investment portfolio.

3.	Why FMPs are attractive in the present investment environment?
FMPs are attractive for investors who look for a return and investors who require their funds back after a certain period.  In the present scenario when interest rates are high provides good opportunity to lock in investment at relatively higher yields. While long term debt funds are susceptible to interest rate movements, FMPs by the very nature of their structure offer a good cushion against interest rate movement.