Lotus India Asset Management crosses Rs 2000 crore assets

Mumbai, May 4 (UNI) Lotus India Asset Management Company Private Limited (Lotus India AMC), a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, today announced that it has crossed Rs 2,000 Crore assets under management (AUM) as on April 30, 2007.

Ajay Bagga, CEO, Lotus India Asset Management Company Private Limited, said'' The strong growth of the company is attributed to the positive response that Lotus India Mutual Fund has received from retail as well as institutional investors for their equity and debt products.'' Lotus India Mutual Fund, under asset management, have grown from Rs 1171.86 crore as on March 31, 2007 to Rs 2086.79 crore as on April 30, he said.

The company has also embarked on an aggressive plan to offer a series of investment products to the investors and aims to be present across product categories and provide all segments of investors with a well diversified investment portfolio, a release said.

UNI