FMP update

Here are some more launches of FMP that are available in the market at this point of time

Please read the following blogs to get details about what an FMP is and its advantages

1. Why invest in Fixed maturity plans ?

2. Fixed Maturity Plan - FAQ

Lotus India Fixed Maturity Plans- 375 Days-Series V

Objective: The objective of the scheme 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.

Asset Allocation: The fund will invest 0%-100% in money market instruments including reverse repo. The investment in government securities issued by the central government and/or state government(s) will be 0%-50%. The fund will invest 0%-100% debt instruments such as bonds and debentures. The investment in securitised debt will be up to 50%. The investment in fixed income derivatives will be up to 50%.

Fund Opens: 12 November 2007
Fund Closes: 20 November 2007
Face Value: Rs 10

Investment Options: Lotus India Fixed Maturity Plan - 375 Days - Series III offers two plans i.e. retail & institutional. Both plans offer two options i.e. dividend reinvestment and growth.

Entry Load: There will no entry load charged for the scheme due to its close-ended structure.

Exit Load: The scheme charges an exit load of 3.00%, if the investment is redeemed before the maturity date. Whereas there will be no exit load charged on the redemption made on or after the maturity date.

Minimum Investment Amount: Minimum investment under retail plan is Rs 5,000 and in multiple of Re 1 thereafter. Minimum investment under institutional plan is Rs 50 lakh and in multiple of Re 1 thereafter.

Benchmark Index: CRISIL Short Term Bond Fund Index.


KOTAK FMP 3M SERIES 26

Tenor - 90 Days

Fund Opens - 12 November 2007
Fund Closes - 14 November 2007
Face Value - Rs 10

Investment - Minimum Rs. 5000/- (Rupees Five Thousand only) and in multiple of Re. 1 each for both Growth & Dividend options

Options - Growth, Dividend Reinvestment and Dividend Payout

Entry Load NIL

Exit Load 1 % if redeemed before the maturity date. However, if an investor wants to switch his investments from one option to other option under the same scheme during the tenure of the scheme, no exit load will be charged