Lotus India FMP- 3 mths- Series XIX mops up Rs 227cr
Published on Tue, Nov 20, 2007 at 19:31 | Source : Moneycontrol.com
Updated at Tue, Nov 20, 2007 at 20:04
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Lotus India FMP- 3 mths- Series XIX mops up Rs 227cr
Lotus India Fixed Maturity Plan – 3 months – Series XIX mops up Rs. 227 crores. This plan seeks 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 Asset Management Company Private Limited, a joint venture between Fullerton Fund Management Group (wholly owned by Temasek Holdings Pte. Ltd., Singapore) and Sabre Capital Worldwide, today announced collections of around Rs. 227 Crores during the NFO of the Lotus India Fixed Maturity Plan - 3 Months - Series XIX, which closed on November 14, 2007. This plan seeks 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 Fixed Maturity Plan - 3 Months - Series XIX offered two options i.e. Growth and Dividend Reinvestment. The NFO opened for subscription from October 01, 2007 and closed on November 14, 2007. The minimum application amount was Rs. 5000/- and in multiples of Re 1/- thereafter. Units were available at Rs. 10 each. The scheme does not charge any entry load but there is an exit load of 0.75 percent on investments if redeemed before the maturity date.
