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Lotus India MF: Change in Load Structure and other Offer Details under some Schemes


Lotus India MF has notified changes in the load structures and other offer details under some of its schemes which will be applicable with effect from January 02, 2008.

I. Changes in Load Structure

  1. Lotus India Liquid Plus Fund (Regular and Institutional Plans)
    Entry Load: NIL
    Exit Load: NIL

  2. Lotus India Short Term Plan
    Entry Load: NIL
    Exit Load:
    Regular Plan: 0.25% if redeemed within 3 months.
    Institutional Plan: NIL

  3. Lotus India Active Income Fund
    Entry Load: NIL
    Exit Load:
    Regular Plan: 1% for redemptions within 6 months, 0.50% for redemptions after 6 months but within 1 year.
    Institutional Plan: NIL

  4. Lotus India Contra Fund, Lotus India Agile Fund, Lotus India Equity Fund, Lotus India Growth Fund and Lotus India Banking Fund
    Entry Load: For bulk investments of less than Rs. 5 crores, 2.25%. For all SIP / STP, 2.25%
    Exit Load: For investments of less than Rs. 5 crores, 1% for redemptions within 6 months, 0.50% for redemptions after 6 months but within 1 year. For investments through SIP / STP, 1% for redemption within 12 months.

    No exit load will apply for investments of Rs. 5 crores and more. Similarly, no exit load is chargeable on investments under Lotus India Banking Fund - Institutional Plan.

II. Changes in Minimum Application / Additional Application / Redemption Amounts (Regular Plans)

Lotus India Liquid Fund, Lotus India Liquid Plus Fund, Lotus India Short Term Plan, Lotus India Active Income Fund, Lotus India Gilt Fund, Lotus India Overnight Fund

  • Minimum Application Amount: Rs. 5,000/-
  • Minimum Additional Application Amount: Rs. 1,000/-
  • Minimum Redemption: Rs. 1,000/-