Lotus India MF files an offer document

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Name of Fund: Lotus India Fixed Maturity Plan - 3 Months Series XXIX to XXXII

Scheme: These are close-ended debt schemes. They will have maturity of 90 days from the date of allotment of the scheme.

Objective: The objective of the scheme is to seek 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 - 3 Months Series XXIX to XXXII offers two options i.e. growth and dividend reinvestment options.

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 1%, if the investment is redeemed any time other than specified transaction period. Whereas there will be no exit load charged on the redemption made on specified transaction period.

Minimum Investment Amount: Minimum investment under the scheme is Rs 5,000 and in multiple of Re 1 thereafter.

Minimum subscription amount: Rs 1 crore

Benchmark Index: CRISIL Short Term Bond Fund Index.

Fund Manager: Mr. Umesh Sharma.


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