Lotus Mutual launches Quarterly Interval Fund - 'Plan C'

MUMBAI: Lotus India AMC on Tuesday announced the launch of its debt oriented interval scheme, Lotus India Quarterly Interval Fund - 'Plan C'. The scheme will invest in a portfolio of debt and money market instruments. The scheme closes Thursday.

Lotus India Quarterly Interval Fund - ‘Plan C’– offers Growth and Dividend Reinvestment options.

The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter. Units will be available at Rs 10 each during the New Fund Offer.

The scheme does not charge any entry load but there is an exit load of 1 per cent on investments if redeemed on any time other than the specified transaction period.

The first specified transaction date would be the 90th day from the date of allotment.

Subsequent specified transaction date would be 90th day from the previous specified transaction date. If the specified transaction date falls on a non-business day, the specified transaction date will be the next business day.