Lotus India MF To Declare Dividend Under Lotus India Fixed Maturity Plan - 3 Months -Series I

Lotus India Mutual Fund will pay dividend under the dividend option of Lotus India Fixed Maturity Plan - 3 Months - Series I. The fund house has notified 21 May 2007 as the record date for the purpose of declaring dividend. Distribution of dividend is subject to availability and adequacy of distributable surplus. Pursuant to payment of dividend, NAV would fall to the extent of dividend payout and statutory levy, if applicable. The Fund will declare the actual distributable surplus available as on the record date as dividend and the same shall be compulsorily reinvested. The dividend is being declared on a face value of Rs. 10/- per unit. NAV as on May 14th 2007 for the Retail Plan was Rs. 10.1222 and for the Institutional Plan Rs. 10.1225 .All unit holders of dividend option under the Scheme, whose names appear in the records of the Registrar, Computer Age Management Services Pvt. Ltd., as at the close of business hours on 21 May 2007, will be entitled to receive the dividend.