Lotus Mutual mops up Rs 231 crore in fixed maturity plan

MUMBAI: Lotus India Mutual Fund on Wednesday announced collections of around Rs 230.74 crore during the new fund offer of Lotus India Fixed Maturity Plan – 3 Months – Series XXI which closed on November 26.

The asset management company also raised Rs 217.78 crore during the NFO of Lotus India Quarterly Interval Fund – Plan A, which closed on Nov 28.

Lotus India Fixed Maturity Plan – 3 Months – Series XXI - a close ended debt scheme, while Lotus India Quarterly Interval Fund – Plan A is a debt oriented interval scheme.

Both schemes offer two options--growth and dividend reinvestment. Minimum application amount for both schemes was Rs 5,000 and in multiples of Re 1 thereafter.