Lotus India plan raises Rs 137cr

A fixed maturity plan floated by Lotus India Asset Management Company has raised Rs 137 crore during the new fund offering. The NFO for Lotus India Fixed Maturity Plan -- 3 Month -- Series VIII closed. The plan will seek to generate income by infusing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme. Lotus India Asset Management Company is a alliance between Fullerton Fund Management Group, owned by Tempasek Holdings of Singapore and Sabre Capital Worldwide.