Should you invest in FMP mutual funds this time? Here are the pros and cons

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The once popular fixed maturity plans (FMP) are making a comeback on AMC store shelves. With bond yields currently at attractive levels, AMCs have started offering, or are lining up, FMPs of varying maturities. These will provide investors the chance to lock in at prevailing yields without worrying about interest rate risk. But do investors really need to dive back into a space with a chequered past? FMPs are fixed tenure mutual fund schemes.  

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