Fund News

Lotus India Active Income Fund

Lotus India Mutual Fund is quickly expanding its product basket. Now it has come out with a dynamic bond fund which is the second offering from the fund house in this month

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



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