Lotus India AMC introduces FMP- 375 Days - Series XVIILotus India AMC introduced Lotus India Fixed Maturity Plan 375 Days Series XVII which is a closed-ended debt scheme.
09 Sep 2008
Lotus India Asset Management Company introduced Lotus India
Fixed Maturity Plan 375 Days Series XVII which is a closed-ended debt
scheme. The scheme will invest in debt and money market instruments maturing in
line with the duration of the scheme.
The scheme offers two plans--Regular and Institutional. Both these plans offer two options--Dividend Reinvestment and Growth.
The new fund offer is open for subscription from September 4 and will close on September 18.
The minimum application amount for Regular plan and Institutional plan is Rs. 5000 and Rs. 5 lakh respectively. Units will be available at Rs 10 each. There is no entry loan and exit load, but if redeemed before the maturity date there is an exit load of 2 percent on investments.