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Well, how about that!
I’m actually seeing a decrease in my FMP’s NAV. From 10.0000 to 9.9961!
I recently reinvested the proceeds from one of my matured Fixed Maturity Plans into another Fixed Maturity Plan of equivalent tenure but from a different fund house. A few days later, when I checked the NAV I found that it had dropped in value from 10.0000 to 9.9961. The change in absolute amount isn’t that significant but it’s quite strange because I’ve never seen this happen before (even with FMPs from the same fund house). Have you?
FYI, I tend to invest in FMPs that have a duration of around a year (366-days or 370-days).
Am trying to investigate the cause for this…
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