Lotus India AMC introduces 'Twin Offer'

Mumbai, Feb 12 (UNI) Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Worldwide, today announced the launch of its 'Twin Offer' NFO - the Lotus India Contra Fund and the Lotus India Mid Cap Fund.

Chief Executive Officer Lotus India AMC Ajay Bagga told mediapersons ''The Lotus India Contra Fund is an open-ended equity fund which aims to generate capital appreciation through the Contrarian style of investing. The Lotuas India Mid Cap fund, a close-ended Equity Fund with a maturity of three years, will invest in a portfolio that predominantly constitutes of equity and equity related instruments of mid-cap companies. The 'Twin Offer' fund priced at Rs ten per unit (plus appicable load for Contra Fund) will be open for subscription from February 15 to March 15. The Lotus India Contra Fund will re-open for ongoing purchase/redemption on or before Apirl 13. The scheme is open to resident individuals, institutions as well as Non- Resident Indians (NRIs) and foreign institutional investors.'' ''Lotus India Mid Cap Fund targets long-term capital appreciation by investing predominantly in Mid-Cap companies. To effectively tap this opportunity, the fund will adopt a long-term investment perspective. Being a close-ended fund, it will follow the discipline of staying invested and reap the benefits of growth of these companies in the longer term. The current offer is a twin opportunity for the investors to build a portfolio based on their investment horizon and risk taking ability. We are certain that on the back of the expertise of our fund management process and our investing philosophy, the Lotus India Contra Fund and the Lotus India Mid Cap Fund will be able to deliver long term value to all its investors.'' UNI AR KU AG1544