Lotus India MF has announced the launch of Lotus India Fixed Maturity Plan - 3 Months - Series V. It's a close-end debt fund. The dividend will be paid on the value of Rs. 10 of the scheme. The fund house has notified 28 June 2007 as the record date for the purpose of declaring dividend.
The investment objective of Fixed Maturity Plan - 3 Months - Series V is to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.
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