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Lotus India MF Unveils FMP-375 Days- Series XVII Lotus India Mutual Fund has launched Lotus India Fixed Maturity Plans-375 Days- Series XVII on 04 September 2008. The new issue will be closed on 18 September 2008. The NFO price for the fund is Rs 10 per unit. This scheme is a close-ended debt scheme. The investment 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. The scheme will be having regular and institutional options with growth and dividend reinvestment facility. 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 5 lakh and in multiples of Re 1 thereafter. The scheme will invest up to 85% money market instruments including reverse repo, up to 50% in government Securities issued by the Central Government or State Government. The scheme will also invest 15-100% in debt instruments such as bonds and debentures. It will have exposure up to 50% in securitised debt. The scheme will invest up to 50% of the net asset of the scheme in fixed income derivatives. The scheme does not intend to invest in foreign securitised debt. There will no entry load charged for the scheme due to its close-ended structure. The scheme charges an exit load of 2%, if the investment is redeemed before the maturity date. There will be no exit load charged if the investment is redeemed on maturity. The scheme will be benchmarked over Crisil Short Term Bond Fund Index. Umesh Sharma will manage the fund Visit our site at – http://newsroom.investorline.co.in/ Learning Center- http://learning.investorline.co.in/ Mutual funds - http://mutualfunds.investorline.co.in/ Life Insurance - http://insurance.investorline.co.in/ Investor Journal - http://research.investorline.co.in/ Latest News - http://investorline.co.in/blogger/?q=aggregator/categories/1 News Resources - http://investorline.co.in/blogger/?q=aggregator/sources Newscatcher- http://catcher.investorline.co.in/ Newsgroups- http://groups.google.com/group/india-investor --~--~---------~--~----~------------~-------~--~----~ Get latest market updates & search internet right from your browser-download our toolbar here- http://investorline.ourtoolbar.com/ Visit our site at – http://investorline.co.in/ Newsroom: http://newsroom.investorline.co.in/ Learning Center- http://learning.investorline.co.in/ Mutual funds - http://mutualfunds.investorline.co.in/ Life Insurance - http://insurance.investorline.co.in/ Investor Journal - http://research.investorline.co.in/ Newscatcher- http://catcher.investorline.co.in/ Interested in Financial Planning-Let us Contact you- http://spreadsheets.google.com/viewform?key=pb_z4f1_zGMg4iBBFT3-SWQ&email=true If you like the site then promote it here- https://www.freetellafriend.com/tell/?url=http://investorline.co.in/blogs/news Create your own free blog on- http://investorline.co.in/blogger Visit this group at http://groups.google.com/group/india-investor -~----------~----~----~----~------~----~------~--~---
