Lotus MF launches India Quarterly Interval Fund - 'Plan D'
Lotus India AMC on Monday announced the launch of Lotus India Quarterly Interval Fund - 'Plan D'.
By INDIATIMES NEWS NETWORK |
MUMBAI: Lotus India AMC on Monday announced the launch of Lotus India Quarterly Interval Fund - 'Plan D'. The investment objective of this debt oriented interval scheme is to generate income by investing in a portfolio of debt and money market instruments.
Lotus India Quarterly Interval Fund - 'Plan D'- offers Growth and Dividend Reinvestment options. The scheme closes on December18.
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.
Lotus India Quarterly Interval Fund - 'Plan D'- offers Growth and Dividend Reinvestment options. The scheme closes on December18.
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.
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