Lotus AMC collects Rs 164 crore

Mumbai, Oct 3 (UNI) Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, today said that it has collected Rs 164 crore during the new fund offer of the Lotus India fixed maturity plan - series IV, that closed on September 26, 2007.

The Fund will invest in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme, a release said here today.

The Fund, which has two options -- retail and institutional, was open for subscriptions from September 12 and closed on September 26.

UNI