Lotus India has filed an offer document for different fixed maturity plans. The schemes are: Lotus India MF FMP 375 days series IV to VI, Lotus India MF FMP 18 month’s series I to III, Lotus India MF FMP 24 months series I to III, Lotus India MF FMP 36 months series I to III. All these schemes are close-ended debt schemes. The NFO price for all schemes is Rs. 10. The minimum application amount for retail plan is Rs 5000/- for all schemes. The minimum application amount for institutional plan is Rs 5 lakh for all schemes. The schemes offer two options namely retail & institutional. Both plans offer two options i.e. Dividend reinvestment option and growth option.
There will be no entry load for the schemes. The exit load for Lotus India MF FMP 375 days series IV to VI and Lotus India MF FMP 18 month’s series I to III will be 3% if its redeemed before the maturity date. The exit load for Lotus India MF FMP 24 month’s series I to III and Lotus India MF FMP 36 it’s redeemed before the maturity date.
The primary objective of schemes 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 schemes.
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