Apr 15, 2008

Lotus India MF launches FMP Series

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.