Fixed maturity plans (FMPs) have fixed opening and maturity dates, and if they are held to maturity, they can give predictable returns like fixed deposits (FDs).

So are FMPs immune to the current market risks and also are they a better alternative to FDs? FMPs are exposed to a lot more credit risk than FDs.

As aggressive credit bets in FMPs soured, the industry turned away from them. Launches of closed-end funds (most of which are FMPs) plunged from 526 in FY19 to just 94 in FY20, data from Pulse Labs, mutual fund analytics and research firm, showed.

The case of Kashinath Chaudhari, 61, a retired textile worker in Surat illustrates the depth of the mis-selling problem. Chaudhari was sold a close-ended hybrid fund.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

FMPs are touted to be as safe as FDs, but understand the risks before investing

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