Lotus India Mutual Fund has launched Lotus India Quarterly Interval Fund - Plan J, a debt oriented interval scheme on 14 October 2008. The new issue will be closed for subscription on 15 October 2008. The NFO price for the fund is Rs 10 per unit.The 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.
The scheme will be having regular and institutional plans with growth and dividend sub plan. Dividend option will offer reinvestment and payout facilities. The minimum investment amount under regular plan is Rs 5,000 and in multiples of Re 1 thereafter and the investment amount under the institutional plan is Rs 50,000 and in multiples of Re 1 thereafter.
The scheme will be having regular and institutional plans with growth and dividend sub plan. Dividend option will offer reinvestment and payout facilities. The minimum investment amount under regular plan is Rs 5,000 and in multiples of Re 1 thereafter and the investment amount under the institutional plan is Rs 50,000 and in multiples of Re 1 thereafter.
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