Can I apply for more than one FMPP?
Yes, you can have multiple FMPPs under one portfolio.
As a matter of fact, having multiple FMPPs will eventually help
you earn better returns with a compounding effect.
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What is the minimum and maximum investment amount that can be invested in FMPP?
The minimum investment amount for each FMPP is INR 10,000. One individual can have multiple FMPPs for the maximum amount of INR 50 Lakhs. For investing over INR 10 Lakhs, submitting a net worth certificate is mandatory.
What is FMPP?
FMPP stands for Fractional Matchmaking Peer to Peer Plan. It is an Alternative Investment instrument curated exclusively for Indian investors seeking portfolio diversification through Peer-to-Peer Lending.
Who can invest in FMPP?
All Indian citizens (Age: 18 years or above) with valid PAN, Aadhar, and Bank accounts can invest in FMPP. NRIs (Age: 18 years or above) with an NRO bank account and KYC as per RBI guidelines can also invest
How do I withdraw my FMPP?
While choosing an FMPP plan, you select a term of 12, 24, 36, 48, or 60 months, and the closure date is set accordingly. Upon closure, the amount is credited to your LenDenClub account balance. You can then transfer it to your bank account. Kindly ...
How can I invest in FMPP?
You can start your investment journey in 3 simple steps: · Visit the LenDenClub website or download LenDenClub App from Playstore or App store, and register as a lender with us by providing basic KYC details. · Post registration, proceed to the FMPP ...