Lotus India Mutual Fund filed to launch Lotus India Fixed Maturity Plan - 18 months - Series II. It is a close-ended debt scheme. The investment objective of the scheme is 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. Lotus India FMP - 18 months - Series II has two plans regular plan and institutional plan. The investors will have a choice of two options viz. growth option and dividend re-investment facility. The scheme will mature at the end of 18 months from the date of allotment of the scheme.
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