Mumbai: Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, today announced the launch of its Closed-Ended Debt Schemes: Lotus India Fixed Maturity Plan - 3 Months - Series VII and Lotus India Fixed Maturity Plan - 13 Months - Series III. Both schemes seek to generate regular returns and capital appreciation by investing in debt, government and money market securities normally maturing in line with the duration of the scheme.

Lotus India Fixed Maturity Plan - 3 Months - Series VII offers two options i.e. growth and dividend reinvestment. It is open for subscription from 7th May, 2007, and will close on 9th May, 2007. The minimum application amount is Rs5,000and in multiples of Re1- thereafter. Units will be available at Rs10 each. The scheme does not charge any entry load but there is an exit load of 0.75 per cent on investments if redeemed before the maturity date.

Lotus India Fixed Maturity Plan - 13 Months - Series III offers two plans i.e. retail and institutional, with both plans offering two options i.e. Growth and Dividend Reinvestment. It is open for subscription from 7th May, 2007, and will close on 17th May, 2007. The minimum application amount for Retail plan is Rs5,000and in multiples of Re1and the institutional plan is Rs5,000,000 and in multiples of Re1thereafter. Units will be available at Rs10 each. The scheme does not charge any entry load but there is an exit load of 2.00 percent on investments if redeemed before the maturity date.