Lotus India MF Rolls Out New FMP

Lotus India Mutual Fund has announced the launch of Lotus India Fixed Maturity Plans- 1 Month-Series IV and it is a close ended income 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. 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%.