Index, ETF, FoF & Other Funds
Interval Funds & Fixed Maturity Plans
Closed-end and interval schemes with limited liquidity windows.
Updated 27 September 2026 · SEBI rules as of 2026
FMP
Closed-end; fixed tenure
Index, ETF, FoF & Other FundsOverview
Fixed Maturity Plans (FMPs) are closed-end debt schemes that invest in securities maturing with the plan. Interval funds allow purchases and redemptions only during specified transaction windows. Both are listed on exchanges but trading volumes are thin.
| Particular | Details |
|---|---|
| FMP | Closed-end; fixed tenure |
| Interval fund | Transactions only in intervals |
| Liquidity | Limited (exchange listing) |
| Tax | Debt rules — slab rate for new investments |
When they make sense
- Known future cash need matching the maturity
- Investors who will not need interim liquidity
Frequently asked questions
Can I exit an FMP early?
Only by selling on the exchange, often at a discount.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Information is educational and may change with SEBI / tax rules — verify with the AMC, AMFI or SEBI. FinancePortal is not an investment adviser.