Lotus India Mutual Fund launched Lotus India Fixed Maturity Plans- 15 Months-Series II. 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%. Investment in fixed income derivatives will be up to 50% of the net asset of the scheme.
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