Lotus India opens for on-going subscription

Mumbai, Oct 8 (UNI) Lotus India AMC today announced the opening of the Lotus India Equity fund for on-going subscription at an NAV of Rs 10.58.

The fund plans 70-100 per cent investment in equity and related instruments, while nearly 30 per cent in debt and money market instruments.

The fund, which also comprises both growth and dividend options, will not invest in less than 15 stocks and not more than 30 in the portfolio, said a release.

This apart, not less than two per cent exposure will be given to a single stock, it added.

UNI