15 Apr 2008 | 11:28
Lotus India MF launches FMP Series
Name of Fund: Lotus India Fixed Maturity Plans- 3 Month- Series XXVII
Scheme: This scheme is a close-ended income scheme.
Objective: The objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.
Investment option: The scheme offers growth and dividend options.
Fund Opens: 15 April 2008
Fund Closes: 15 April 2008
Face Value: Rs 10
Entry Load: There will no entry load charged for the scheme due to its close-ended structure.
Exit Load: The scheme charges an exit load of 1%, if the investment is redeemed before the maturity date.
Minimum Investment Amount: The minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter.
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