Lotus India Mid Cap Fund Debuts At Rs 10.07

Lotus India Mid Cap Fund has debuted at Rs 10.07 per unit as against a face value of Rs 10 per unit. The scheme, whose new fund offer closed on March 30, 2007 re-opened for fresh investments and sales on April 20, 2007. Lotus India Mid Cap Fund is a close ended equity scheme with a maturity of 3 years. The scheme was launched on February 15, 2007 with an objective to provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of mid cap companies. However, there can be no assurance that the fund's objectives will be achieved.