Lotus India Asset Management Company, a joint venture between Fullerton Fund Management Group (wholly owned by Temasek Holdings, Singapore) and Sabre Capital Worldwide, announced collections of around Rs. 175 crore during the NFO of the Lotus India Fixed Maturity Plan - 3 Months - Series XIV, which closed on 21 August 2007.
The scheme 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 XIV offered two options i.e. growth and dividend reinvestment. The NFO opened for subscription from 16 August 2007 and closed on 21 August 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.
Source : www.indian-commodity.com
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