Lotus India AMC launches Lotus India Equity Fund

New Delhi, Aug 13 (UNI) Asset management company Lotus India AMC, today launched its open-ended equity scheme-- Lotus India Equity Fund with an objective to generate long-term capital growth from a focused portfolio of predominantly equity and equity-related securities.

Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, will price the new fund offer at Rs 10 per unit (plus applicable entry load) and will open for initial subscription from August 16, 2007 and close on September 7, 2007.

The fund will re-open for ongoing purchases/redemptions no later than October 5, 2007. The fund will invest 70-100 per cent in equity and equity related instruments and 0-30 per cent in debt and money market instruments.

The fund offers two options of growth and dividend. The dividend option offers dividend payout and dividend re-investment facilities.

Lotus said it will not go for less than two per cent exposure to a single stock (excluding IPO investments) and not more than 10 per cent exposure to a single stock at the time of investment and will undertake active hedging to manage risks.

UNI