FMP funds in India
26 live funds in the FMP category, ordered by 5-year return, highest first; SBI Fixed Maturity Plan (FMP) - Series 1 (3668 Days) leads. Funds younger than five years follow by name. Returns are for the plan each fund's page leads with, Direct where the fund has one, to each fund's latest NAV, the newest of them on 27 Oct 2026; 3 and 5 year returns are a year, compounded.
- Category median, 1 yearCategory median, 1 year. The middle return among the FMP category's funds, each over the same window to its own latest NAV, on their Direct plans.
- +5.43%Middle of 26 funds
- Category median, 3 yearsCategory median, 3 years. The middle return among the FMP category's funds, each over the same window to its own latest NAV, on their Direct plans; a year, compounded.
- +7.53%Middle of 26 funds
- Category median, 5 yearsCategory median, 5 years. The middle return among the FMP category's funds, each over the same window to its own latest NAV, on their Direct plans; a year, compounded.
- +6.38%Middle of 8 funds
FMP funds
Size is the average money the fund managed over its latest quarter. Cost is its yearly expense ratio.Filter them in the screener
SBI Fixed Maturity Plan (FMP) - Series 1 (3668 Days)SBI Mutual FundNAV₹17.71611Y+4.16%3Y+7.59%5Y+6.45%Size₹52 CrCost0.13%
Bandhan Fixed Term Plan Series 179Bandhan Mutual FundNAV₹18.09121Y+4.20%3Y+7.61%5Y+6.42%Size₹375 CrCost0.04%
Nippon India Fixed Maturity Plan - XLI - Series 8Nippon India Mutual FundNAV₹17.71981Y+4.19%3Y+7.57%5Y+6.41%Size₹70 CrCost0.10%
ICICI Prudential Fixed Maturity Plan - Series 85 - 10 Years Plan IICICI Prudential Mutual FundNAV₹18.03001Y+4.21%3Y+7.54%5Y+6.39%Size₹495 CrCost0.10%- SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days)SBI Mutual FundNAV₹14.80871Y+3.55%3Y+7.39%5Y+6.38%Size₹30 CrCost0.13%
- SBI Fixed Maturity Plan (FMP) - Series 6 (3668 Days)SBI Mutual FundNAV₹17.22601Y+4.05%3Y+7.48%5Y+6.30%Size₹38 CrCost0.20%
- Nippon India Interval Fund-Quarterly Interval Fund Serie-IINippon India Mutual FundNAV₹39.40941Y+5.84%3Y+6.52%5Y+6.29%Size₹7 CrCost0.13%
UTI Annual Interval Fund - IUTI Mutual FundNAV₹37.21301Y+5.16%3Y+6.12%5Y+5.76%Size₹22 CrCost0.18%
Aditya Birla Sun Life Fixed Term Plan - Series TQ (1879 days)Aditya Birla Sun Life Mutual FundNAV₹13.36421Y+5.55%3Y+7.52%5Y–Size₹237 CrCost0.04%
DSP FMP Series - 267 - 1172 DaysDSP Mutual FundNAV₹12.98511Y+4.78%3Y+6.82%5Y–Size₹47 CrCost0.11%- DSP FMP Series - 270 - 1172 DaysDSP Mutual FundNAV₹12.74391Y+4.78%3Y+6.81%5Y–Size₹26 CrCost0.11%
HDFC FMP 1861D March 2022HDFC Mutual FundNAV₹13.45091Y+5.79%3Y+7.66%5Y–Size₹508 CrCost0.08%- HDFC FMP 1876D March 2022HDFC Mutual FundNAV₹13.39131Y+5.67%3Y+7.60%5Y–Size₹36 CrCost0.05%
- HDFC FMP 2638D February 2023HDFC Mutual FundNAV₹13.13891Y+3.00%3Y+7.60%5Y–Size₹170 CrCost0.15%
Kotak FMP Series 304Kotak Mahindra Mutual FundNAV₹13.04791Y+2.20%3Y+7.38%5Y–Size₹123 CrCost0.07%- Nippon India Fixed Maturity Plan-XLIII-Series 5Nippon India Mutual FundNAV₹13.56111Y+4.57%3Y+7.62%5Y–Size₹190 CrCost0.15%
- Nippon India Fixed Maturity Plan-XLIV-Series 1Nippon India Mutual FundNAV₹13.47601Y+5.52%3Y+7.68%5Y–Size₹81 CrCost0.17%
- Nippon India Fixed Maturity Plan-XLV-Series 5Nippon India Mutual FundNAV₹13.37641Y+7.07%3Y+8.37%5Y–Size₹60 CrCost0.10%
- SBI Fixed Maturity Plan (FMP) - Series 53 (1839 Days)SBI Mutual FundNAV₹13.49911Y+5.65%3Y+7.46%5Y–Size₹335 CrCost0.11%
- SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days)SBI Mutual FundNAV₹13.48411Y+5.73%3Y+7.50%5Y–Size₹41 CrCost0.10%
- SBI Fixed Maturity Plan (FMP) - Series 55 (1849 Days)SBI Mutual FundNAV₹13.45311Y+5.71%3Y+7.48%5Y–Size₹275 CrCost0.14%
- SBI Fixed Maturity Plan (FMP) - Series 57 (1835 Days)SBI Mutual FundNAV₹13.36491Y+5.69%3Y+7.50%5Y–Size₹279 CrCost0.13%
- SBI Fixed Maturity Plan (FMP) - Series 58 (1842 Days)SBI Mutual FundNAV₹13.47721Y+5.74%3Y+7.51%5Y–Size₹272 CrCost0.17%
- SBI Fixed Maturity Plan (FMP) - Series 60 (1878 Days)SBI Mutual FundNAV₹13.37941Y+5.72%3Y+7.59%5Y–Size₹269 CrCost0.13%
- SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)SBI Mutual FundNAV₹13.40271Y+5.48%3Y+7.56%5Y–Size₹364 CrCost0.21%
- UTI Fixed Term Income Fund Series XXXVI - I (1574 Days)UTI Mutual FundNAV₹13.10501Y+5.37%3Y+7.64%5Y–Size₹65 CrCost0.17%
Tax on FMP funds
Gains on units bought on or after 1 Apr 2023 are taxed at the income tax slab rate however long they are held; gains on units bought earlier are taxed at 12.5% when held over 12 months and at the slab rate otherwise.
Rules in force from 23 Jul 2024, checked 27 Oct 2026. Surcharge and cess are not included.
About FMP funds in India
FMP funds in India are fixed maturity plans, closed-ended debt mutual funds that run for a set term and repay all unitholders on the maturity date. The fund buys bonds and money market instruments that mature on or before that date.
What an FMP is
A fixed maturity plan takes money during a short offer period and then accepts no new units. The manager holds the debt papers until they mature, so the portfolio and the end date are fixed from the start.
An FMP cannot declare an indicative return before it starts, and the final return depends on what the papers earn and on any default. Many series carry their term in the name, in days or months.
SEBI rules for FMPs
SEBI requires a closed-ended scheme to be listed on a stock exchange, and units cannot be redeemed with the fund house before the maturity period ends. The only exit before maturity is selling on the exchange, where trading in such units is often thin.
A closed-ended scheme must be fully redeemed at maturity unless unitholders agree in writing to roll over. SEBI's Mutual Funds Regulations, 2026, in force since 1 Apr 2026 in place of the 1996 regulations, carry these rules forward.
FMPs and open-ended debt funds
An open-ended debt fund takes in and pays out money every day and has no end date. An FMP does neither: its holdings are matched to one maturity date, so changes in interest rates matter less to its return than to a fund that keeps buying and selling. Credit risk, the chance a borrower does not repay, stays.
Taxation
Gains on units of a fund with more than 65% in debt and money market instruments, bought on or after 1 Apr 2023, are treated as short-term capital gains whatever the holding period and are taxed at the investor's income tax slab rate. Units bought earlier follow older rules.
How this page lists them
The page lists the live FMPs ordered by 5-year return, highest first, with series younger than five years after them by name. It also lists a few interval funds, which take purchases and redemptions only in set windows. Size is the average money managed over the latest quarter and cost is the yearly expense ratio.
Returns use the Direct plan where one exists and run to each series' latest NAV, with 3-year and 5-year figures compounded per year. The category medians are the middle Direct-plan return for each window; the 5-year median rests on few funds, since most live series are younger than five years.