Lotus India AMC launches new FMP

Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide has announced the launch of Lotus India Fixed Maturity Plan -I Month - Series I. It is Closed-Ended Debt Scheme. The NFO for the scheme is 18-21 June 2007. The primary 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.

The scheme offers two options i.e. Growth and Dividend Reinvestment. The minimum application amount is Rs 5000/- and in multiples of Re 1/- thereafter. Issue price will be Rs 10/- each. The scheme charges an exit load of 0.25 percent on investments if redeemed before the maturity date.