Lotus India MF Launches FMP - 3 Months - Series XVIII

Lotus India MF has unveiled a fund called Lotus India Fixed Maturity Plan - 3 Months - Series XVIII and it is a close ended debt scheme. The 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. Asset Allocation: The fund will invest 0%-100% in money market instruments including reverse repo. The investment in government securities issued by the central government and/or state government(s) will be 0%-50%. The fund will invest 0%-100% debt instruments such as bonds and debentures. The investment in securitised debt will be up to 50%.