Lotus India MF files an offer document

12 Apr 2008 | 12:06

Lotus India MF files an offer document

Name of Fund: Lotus India Fixed Maturity Plan - 375 Days Series IX to XI

Scheme: These are close-ended debt schemes. They will have maturity of 375 days from the date of allotment of the scheme.

Objective: The objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.

Asset Allocation: The fund will invest 0%-85% in money market instruments including reverse repo. The investment in government securities issued by the central government and/or state government(s) will be 0%-50%. The fund will invest 15%-100% debt instruments such as bonds and debentures. The investment in securitised debt will be up to 50%. The investment in fixed income derivatives will be up to 50% of the net assets of the scheme.

Face Value: Rs 10

Investment Options: Lotus India Fixed Maturity Plan - 375 Days - Series IX to XI offers two plans i.e. regular and institutional. Both plans offer two options i.e. dividend reinvestment and growth.

Entry Load: There will no entry load charged for schemes, as they are close-ended funds.

Exit Load: The scheme charges an exit load of 2%, if the investment is redeemed before maturity. Whereas there will be no exit load charged on the redemption made on maturity.

Minimum Investment Amount: Minimum investment under the scheme is Rs 5,000 and in multiples of Re 1 thereafter. For institutional plan, the minimum investment amount is Rs 50 lakh and in multiples of Re 1 thereafter.

Minimum subscription amount: Rs 1 crore

Benchmark Index: CRISIL Short Term Bond Fund Index.

Fund Manager: Mr. Umesh Sharma.