Lotus India MF files offer document- Fixed Maturity Plan 375 Days Series XII to XIV

30 Apr 2008 | 11:46 Lotus India MF files offer document

Name of Fund: Lotus India Fixed Maturity Plan 375 Days Series XII to XIV

Scheme: It is a close-ended debt scheme.

Objective: The investment objective of the scheme is 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.

Plans: Lotus India FMP 375 Days Series XII to XIV has two plans Regular Plan and Institutional Plan

Investment Options: Investors will have a choice of two options viz. growth option and dividend re-investment facility.

Tenure of the schemes: 375 days from the date of allotment of the scheme (including the date of allotment).

Asset Allocation: The scheme will invest 0-85% in money market instruments including reverse repo. 0-50% in Government Securities issued by the Central Government and/or State Government (s). 15-100% in debt instruments such as bonds and debentures. 0-50% in securitized debt.

Investment in fixed income Derivatives Upto 50% of the net asset of the scheme. None of the schemes intend to invest in foreign securitised debt.

Face Value: Rs 10

Load structure: Entry load: Nil

Exit load: 2% if redeemed before maturity. Nil if redeemed on maturity.

Application Amount: The minimum application amount will be Rs.5,000 and in multiples of Re.1 thereafter in the Regular Option and Rs 5000000 and in multiples of Re.1 thereafter in the Institutional Option.

Target Amount: Minimum target amount Rs. 1 crore.

Benchmark: Crisil Short Term Bond Fund Index.

Fund Manager: Mr. Umesh Sharma.

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