Lotus India Asset Management Company, a joint venture between Fullerton Fund Management Group (wholly owned by Temasek Holdings Ptv. Ltd., Singapore) and Sabre Capital Worldwide, today announced collections of around Rs. 187 crore during the NFO of the Lotus India Fixed Maturity Plan - 3 Months - Series XI, which closed on 25 June 2007. This plan seeks to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.
Lotus India Fixed Maturity Plan - 3 Months- Series XI offered two options i.e. Growth and Dividend Reinvestment. It opened for subscription from 22nd June 2007 and closed on 25 June 2007. The minimum application amount was Rs 5000 and in multiples of Re 1 thereafter. Units were available at Rs 10 each. The scheme does not charge any entry load but there is an exit load of 0.75% on investments if redeemed before the maturity date.
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