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Six is the magic number for investors who are looking to gain low-capital risk returns, according to Meteor Asset Management as it launches a FTSE 100-linked growth plan.

The London-based company's six-year term plan offers a potential return of 6 per cent every six months and is the latest addition to its Prima Growth Plan 9 investment portfolio.

Phil Saunders, head of product development for Meteor Asset Management, has embraced the Prima brand and sets his sights high for the new addition.

He said: "Prima 9 has increased the return to 14 per cent a year from 12 per cent a year for the annual kick out and has also added the feature of a six-monthly option, which offers 6 per cent every six months, or the equivalent of 12 per cent a year.

"Both options look very competitive and we have had an excellent response from the IFA market in this version of the Prima series."

The plan works where option one offers 14 per cent at the first annual anniversary, so long as the index is at or above its opening level. In the event that the FTSE 100 is below its initial level, the plan runs into year two, where if it is above its opening level on the second anniversary the plan will pay 28 per cent.

The plan then stays open until the index is at, or above, the opening level at any anniversary and returns intend to be 42 per cent in year three, 56 per cent in year four, 70 per cent in year five and 84 per cent in year six, at its maturity.

For option two, the plan offers 6 per cent after six months, so long as the index is at, or above, its opening level. In the event that the FTSE 100 is below its initial level, the plan runs into the next six months. If the index is at or above its opening level after a year it will pay 12 per cent.

The plan will stay open until the index is at or above the opening level, on any observation date, and intends to pay 6 per cent every six months, looking to reach 72 per cent in year six, at its maturity.

Under both options, the capital is at risk only in the event of the close of business level of the index falling below 50 per cent of its opening level during the term and the final level being below its opening level at maturity. In this instance, the capital loss will be 1 per cent for every 1 per cent fall in the index.

Subject to capital gains tax, the plan is available until 3 October 2008, and maturity falls on 17 October 2014.

The minimum investment is £10,000 for direct investment and £7200 for Isas. It is available as a direct investment, through pension funds - such as Sipps and SSASs - as a stocks and shares Isa, including transfers from stocks and shares and cash Isas, as well as for corporate investors and trustees.

Graham Bond, director for IFA Consilium Asset Management, believes that despite taking into account market conditions together with the fact that many clients are currently risk averse, this product would appeal to many investors.

He said: "Linking the investment returns to one index in contrast to several is a positive feature combined with the potentially beneficial returns offered.

"However, although the safeguard to capital is good, products such as these seem to be designed for capital growth and not income."