Fixed Maturity Plans are closed ended and are held to maturity, which in recent times have found many a takers.
"One very important trend that has been witnessed over the last one year is consistent flow into fixed income mutual fund products," Himanshu Pandya of ICICI Pru AMC told CNBC-TV18 in an interview.
Himanshu Pandya of ICICI Prudential AMC told CNBC-TV18 that the investor sentiment among retail, high networth individuals (HNIs) and institutional investors had been shifting to long-term performance funds.