Lotus India Mutual Fund filed an offer document to launch Lotus India FMP - 3 Months - Series XXIX to XXXII. These are close-ended debt schemes. They will have maturity of 90 days from the date of allotment of the scheme. The objective of the scheme is to seek to seek 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%-85% 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 15%-100% debt instruments such as bonds and debentures. The investment in securitised debt will be up to 50%. The investment in fixed income derivatives will be up to 50% of the net assets of the scheme.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment