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Thursday, February 14, 2008
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Mutual Fund News
Feb 13 2008 11:08AM
Lotus India MF garners Rs.60 crore through its Gilt fund
Lotus India Mutual Fund has collected Rs 60 crore through its Lotus India Gilt fund during its initial offer period from 30 January 2008 to 6 February 2008.

Lotus India Gilt fund has collected amount around Rs 60 crore. The Lotus India Gilt fund, which is open-ended dedicated gilt fund, was opened for subscription between 30 January-6 February 2008. The objective of the fund is to generate optimal returns by investing in a portfolio of securities issued and guaranteed by Central and state government.

Lotus India Gilt Fund offers two plans short duration plan and long duration plans. Both plans will have two sub plans i.e. retail and institutional plan. These two-sub plans will have growth and dividend option with reinvestment and payout sub-option under it.

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