Lotus India Contra Fund Starts At Rs 10.05 Per Unit

Lotus India Contra Fund has begun at Rs 10.05 per unit as against a face value of Rs 10 per unit. The scheme, whose new fund offer closed on 15 March 2007, re-opened for fresh investments and sales on 12 April 2007. Lotus India Contra Fund is an open ended Equity Scheme launched on 15 February 2007. The investment objective of the scheme is to generate capital appreciation through investment in equity and equity related instruments. The Scheme will seek to generate capital appreciation through means of contrarian investing. However, there can be no assurance that the investment objective of the Scheme will be realised. Contrarian investing involves picking ‘neglected stocks’ with strong asset values as well as focusing on high potential under owned sectors.