Lotus Mutual mulls array of products

Mumbai: Lotus India Mutual Fund is planning an array of products in the current financial year in both the debt and equity space. With the current assets divided into 60 per cent in liquid funds, 10 per cent in equity and 30 per cent in fixed maturity plans, the fund house is aiming the retail investors to grow its asset base. They have unveiled a 375 day Fixed Maturity Plan (FMP) for retail clients opening from June 8. The one-year product will help the customer to take benefits of long-term capital gains. The fund house has also filed for a gilt fund and is looking at unveiling longer-term debt funds.

As the seven-month-old asset management company grows, it mulls to offer diversified fund and thematic fund in the services or infrastructure space in the equity funds. The asset management company being a joint venture partner with Fullerton Fund Management Group and Sabre Capital Worldwide plans to unveil an international fund a feeder fund investing in Fullerton's funds to give Indian investors a taste of the global markets.

Penetration into the retail investor market is the focus of the fund house. They have decreased the minimum investment through systematic investment plan with no load to get the retail customers. The asset management company is targeting retail clients and has presence in 52 locations and tie-ups with around 7,700 distributors. The fund house uses the CAMS network across 108 locations for accepting applications and has tie-ups with select Online Channel Partners, which allow sales of Lotus India Mutual Fund products online.