Lotus India MF has unveiled a scheme called Lotus India Fixed Maturity Plans- 15 Month-Series III. This scheme 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.
There will no entry load charged for the scheme due to its close-ended structure. The scheme charges an exit load of 2.00%, if the investment is redeemed before the maturity date.The minimum investment under retail plan is Rs 5,000 and in multiples of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 50 lakhs in multiples of Re 1 thereafter.
There will no entry load charged for the scheme due to its close-ended structure. The scheme charges an exit load of 2.00%, if the investment is redeemed before the maturity date.The minimum investment under retail plan is Rs 5,000 and in multiples of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 50 lakhs in multiples of Re 1 thereafter.
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