
Name of Fund: Lotus India Active Income Fund
Scheme: Open-End, Income Scheme
Plans: Regular and Institutional
Investment Objective: The fund aims to invest a large portion of the net assets in long dated government securities and debt instruments. It can invest entirely in money market instruments also on certain defensive consideration. The fund would decide the appropriate asset allocation depending on the market conditions.
Asset Allocation: The fund would invest 0 to 90% in debt instrument including government securities and corporate debt and 10 to 100% in money market instrument.
Fund Opens: July 27, 2007
Fund Closes: July 30, 2007
Face Value: Rs 10
Investment Options: Growth, Bonus, Dividend Reinvestment (Monthly, Quarterly and Annual Options) and Dividend Payout (Quarterly and Annual Options).
Load Structure
Regular Plan: - Entry Load - Nil
Exit Load -1% would be charged if redeemed before 180 days.
Institutional Plan: - Entry Load - Nil
Exit Load - Nil
Minimum Investment Amount
Regular Plan: Rs 5,000
Institutional Plan: Rs 50 Lakhs
Benchmark Index: Crisil Composite Bond Fund Index
Fund Manager: Umesh Sharma