Lotus India MF Launches New Scheme

Lotus has launched its first interval fund, Lotus India Arbitrage Fund. The equity-oriented fund aims to generate income by cashing in on arbitrage opportunities emerging out of pricing mismatch between the cash market and the derivatives market. The surplus cash will be deployed in fixed income securities. The maximum exposure to equity and equity-related instruments, including derivatives, will be up to 80% of the portfolio. The maximum portion in debt and money market instruments will be up to 35%.