Do you want to ride the high short-term interest rates? Here are some selected new mutual fund instruments.

With rates near cycle highs, investing in best fixed maturity plan FMP, short-term mutual funds, ultra short-term mutual funds and related fixed income instruments may be a better option. Equity investments at this stage require at least a 2-3 year horizon.
The following are new  and selected short-term, ultra short-term, FMP mutual funds being offered by various AMCs as of June 18 2011.

New mutual funds FMP, fixed income, being offered by various AMCs May 2011 - Reliance, Birla SBI, ICICI and more...

The following are new mutual funds being offered by various AMCs as of May 10 2011.

For FMPs, the schemes focus on generating income and / or capital appreciation by investing in debt and money market instruments having maturity in line with the maturity of the scheme.

For new equity funds, think about whether you want to invest in schemes that already exist in the market.

With rates near cycle highs, investing in FMP/fixed income instruments may be a better option. Equity investments at this stage require at least a 2-3 year horizon.

Source: AMFI

Birla Sun Life Mutual Fund

Birla Sun Life Fixed Term Plan - Series DA

Birla Sun Life Fixed Term Plan - Series DB

Birla Sun Life Short Term FMP - Series 14

Deutsche Mutual Fund

DWS Fixed Term Fund - Series 82 (DFTF - 82)

ICICI Prudential Mutual Fund

ICICI Prudential Fixed Maturity Plan - Series 56 - 1 Year Plan F

Kotak Mahindra Mutual Fund

Kotak FMP Series 46 (370 Days)

Kotak FMP Series 47 (24M)

Quantum Mutual Fund

Quantum Gold Savings Fund

Reliance Mutual Fund

Reliance Dual Advantage Fixed Tenure Fund - I - Plan K

Religare Mutual Fund

Religare Fixed Maturity Plan - Series VII - Plan A to F - Plan C (369 Days)

SBI Mutual Fund

SBI DEBT FUND SERIES 180 DAYS 18

Sundaram Mutual Fund

Sundaram Equity Plus

Tata Mutual Fund

Tata Fixed Maturity Plan Series 33 Scheme B ( 90 days maturity)