Lotus India AMC launches closed-ended debt scheme

Mumbai, Jun 26 (UNI) Lotus India Asset Management Company (AMC) today launched a closed-ended debt scheme, to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.

Lotus India Fixed Maturity Plan-3 Months-Series XII offers two options - Growth and Dividend reinvestment.

It would open for subscription from June 27 and would close on June 29, a release issued by Lotus said here today.

The minimum application amount is Rs 5,000 and in multiples of Re one thereafter. Units will be available at Rs 10 each.

UNI