Lotus India offers new fund scheme

Mumbai, Sep 12: Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, today announced the launch of Lotus India Overnight Fund, an open-ended liquid scheme to provide liquidity to the investors.

The New Fund Offer (NFO) opened for subscription today and closes on September 13. Minimum subscription amount for the fund is Rs 5,000 and in multiples of Re 1 thereafter, a release issued by the fund said.

Units under the NFO will be available at Rs 10 each during the New Fund Offer. There is no entry and exit load charge during the New Fund Offer and the ongoing offer period, the release added.

UNI