21 Apr 2008 | 12:41
Lotus India MF launches FMP Series
Name of Fund: Lotus India Fixed Maturity Plans- 3 Month- Series XXVIII
Scheme: This scheme is a close-ended debt scheme. The scheme will be having 90 days maturity from the date of allotment.
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 reinvestment options.
Fund Opens: 22 April 2008
Fund Closes: 24 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.
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%. Investment in fixed income derivatives will be up to 50% of the net asset of the scheme.
Minimum Investment Amount: The minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter.
Minimum subscription amount: Rs 1 crore
Benchmark Index: CRISIL Liquid Fund Index
Fund manger: Mr Umesh Sharma
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