FMP Calculator (Fixed Maturity Plan)
Fixed Maturity Plan (closed-end debt mutual fund) — 3-year lock-in, gains taxed at slab (post-April-2023 rule). Alternative to bank FD for corporate investors + higher tax slabs.
Result
- Investment₹100,000
- Gross maturity value₹122,504
- Capital gain₹22,504
- Tax at 30% slab + 4% cessPost-Apr-2023: debt MF taxed at slab, no indexation₹7,021
- Effective post-tax annual return4.92%
Personal-finance essentials
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How to use this calculator
- Enter your investment amount.
- Enter FMP's indicative yield (from scheme document).
- Choose tenure (3 years is most common).
- Choose your tax slab.
- Read gross maturity + tax + net post-tax return.
About this tool
Fixed Maturity Plan (FMP) is a closed-end debt mutual fund with a fixed 1-5 year tenure. Invests in AAA-rated corporate bonds and government securities matching the fund tenure. Indicative yield known at launch. Historically FMPs offered indexation benefit + 20% LTCG rate = effective 10-12% post-tax for 30% slab investors — better than bank FD. Post 1-April-2023 rule change: ALL debt MF (including FMPs) taxed at slab rate regardless of holding — indexation benefit REMOVED. This wipes out FMP's tax edge over bank FD. FMPs still make sense for corporate investors (higher post-tax yield than FD) and 30% slab individuals if yield indicative is materially above bank FD.
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