Lotus India Asset Management Company Pvt. Ltd, a joint venture between Fullerton Fund Management Group wholly owned by Temasek Holdings Pte. Ltd., Singapore and Sabre Capital Worldwide, has announced that, the name of the plan Institutional Plus Plan under Lotus India Liquid Fund has been changed to Super Institutional plan with effect from 20 December 2007. All the terms and conditions of the existing Institutional Plan will remain unchanged and be applicable to Super Institutional plan. Lotus India Liquid Fund is an open-ended liquid scheme, which aims to invest in a well-diversified and highly liquid portfolio of money market instruments, government securities and corporate debt.
Key Facts about Lotus India Liquid Fund are
Min. Investment Amount:
Retail Plan Rs. 10,000
Institutional Plan Rs. 1 crore
Super Institutional Plan 10 crore
Load Structure:
Entry Load: Nil
Exit Load: Nil
Plans / Options: Lotus India Liquid Fund offers three plans viz. retail, institutional and super institutional. Each plans offers dividend and growth options. The dividend option provides dividend reinvestment and payout facility, as may be available under the plan.
Minimum Application Amount:
Retail - Rs. 10,000/- plus in multiples of Re. 1/-
Institutional - Rs. 1 Crore plus in multiples of Re. 1/-
Super Institutional - Rs. 10 Crore plus in multiples of Re. 1/-
Minimum Additional Application Amount:
Retail - Rs. 5,000/- plus in multiples of Re. 1/-
Institutional: Rs. 1 Lakh plus in multiples of Re. 1/-
Super Institutional: Rs. 25 Lakh plus in multiples of Re. 1/-
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