Lotus India MF Crosses Rs 2,000 Cr Of AUM

Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide launched in July 2006, has crossed Rs. 2,000 crore assets under management (AUM) as on April 30, 2007. The strong growth of the company is attributed to the positive response that Lotus India Mutual Fund has received from retail as well as institutional investors for their equity and debt products. The AUM of Lotus India Mutual Fund has grown from Rs 1171.86 crore as on March 31, 2007 to Rs 2086.79 crore as on April 30, 2007. This shows a growth in AUM of about 78% during this period, thus making it one of the fastest growing fund houses in this period.