Lotus India Mutual Fund launched Lotus India Gilt Fund. This scheme is open-ended dedicated Gilt fund. The scheme offers long duration and short duration plans. The objective of the scheme is to generate optimal returns by investing in a portfolio of securities issued and guaranteed by Central and state government. The fund will invest 0%-100% in government securities including T-bills. The scheme may from time to time pending investment in government securities for a short-term period on defensive consideration invest up to 100% of the funds available in overnight CBLO/reverse repo instruments, the primary motive being to protect the net asset value of the scheme and protect unit holders interest so as to earn reasonable returns on liquid funds maintained for redemption/ repurchase of units.
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