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Our Bureau

Mumbai, July 5 Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, today announced the launch of its open-ended diversified equity scheme – Lotus India Growth Fund.

The investment objective of the scheme is to generate long-term growth of capital by investing in a diversified portfolio of predominantly equity and equity-related securities.

The new fund offer is priced at Rs 10 per unit (plus applicable entry load) opens for initial purchase from July 9 and closes on July 19. The fund will re-open for ongoing purchases/redemptions no later than August 4.

The fund will invest 65-100 per cent in equity and equity related instruments and 0-35 per cent in debt and money market instruments.

Lotus India Growth Fund is an open-ended diversified equity fund. The fund has the flexibility to invest across companies without having any bias towards a particular sector, investing style or market capitalisation. It can invest across large cap, mid-cap or small cap stocks; across growth, value or blend stocks.

The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter. The Fund offers two options – growth and dividend.

“Given that Indian companies are growing at a rapid pace and have the potential to grow at above-average rates in the years to come, the Lotus India Growth Fund will help investors capture the growth potential of corporate India in a comprehensive manner" said Mr Ajay Bagga, Chief Executive Officer, Lotus India AMC.

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