Lotus India Liquid Fund collects Rs 1067 cr

Mumbai, Nov 17 (UNI) Lotus India Asset Management Company, a joint venture between Fullerton Fund Management Group (wholly owned by Temasek Holdings Pte. Ltd., Singapore) and Sabre Capital Worldwide, today announced collections of Rs 1067 crores during the new fund offer (NFO) of their maiden fund - Lotus India Liquid Fund - which closed yesterday.

The Fund is an open-ended liquid scheme which aims to invest in a well-diversified and highly liquid portfolio of money market instruments, government securities and corporate debt.

Speaking about investors' response, Fund CEO Ajay Bagga said, '' ..... tremendous response for our maiden fund..... is a reaffirmation in our sound investing philosophy based on research, relative value and risk management. This fund marks our first foray into the Indian mutual fund market and we are well geared to replicate this success in other product categories. Our approach is to make our presence felt in every product category and create benchmarks for the industry in the long run.'' UNI SA AG2001