tag:blogger.com,1999:blog-3120517700412488632.post5960599785037090383..comments2023-10-11T04:04:02.959-07:00Comments on Value Investing to Investing Values: Arbitrage that went right - ICICI PRU FMP Series 36 Plan A – GrowthNinad Kunderhttp://www.blogger.com/profile/14275940021296930028noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3120517700412488632.post-19610810328135453242008-09-05T23:35:00.000-07:002008-09-05T23:35:00.000-07:00Hi Kiran I went back and checked my data the NAV w...Hi Kiran <BR/><BR/>I went back and checked my data the NAV was around the 10.6 mark around that time. The deal was even better :-). Will rectify it in the blog. <BR/><BR/>The NAV data is available on AMFI site and the ICICI Pru site. <BR/><BR/>Cheers <BR/><BR/>NinadNinad Kunderhttps://www.blogger.com/profile/14275940021296930028noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-17198587306946817042008-09-05T23:25:00.000-07:002008-09-05T23:25:00.000-07:00Hi Ninad,how did you come up with NAV of 10.3?than...Hi Ninad,<BR/><BR/>how did you come up with NAV of 10.3?<BR/><BR/>thank you<BR/><BR/>KiranAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-21410770910837557842008-09-04T02:50:00.000-07:002008-09-04T02:50:00.000-07:00Hi RohitFMP's are fixed maturity plans with a pred...Hi Rohit<BR/><BR/>FMP's are fixed maturity plans with a predefined tenure. In this case it was 18 months. A FMP is a substitute for fixed deposit but more tax efficient. Typically it will tend to have fixed tenured instruments with a fixed interest rate. A fund manager could however choose to have floating rate instruments. <BR/><BR/>The gain in the Nav was in sync with the way the NAV debt fund would grow in tenure. The returns really came bcos a instrument with a nav of 10.3 was available at 9.22. That was a huge discount without any risk. <BR/><BR/>Cheers <BR/><BR/>NinadNinad Kunderhttps://www.blogger.com/profile/14275940021296930028noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-66820304765900022812008-09-03T11:33:00.000-07:002008-09-03T11:33:00.000-07:00Hi ninadI have not read on FMP ..so FMP have float...Hi ninad<BR/>I have not read on FMP ..so FMP have floating rate characteristics ?<BR/><BR/>if yes, then some of the gains could also be due to the increase in the interest rate ?<BR/><BR/>great pick though<BR/><BR/>regards<BR/>rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.com