Lotus India AMC Launches Lotus India Active Income Fund

Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, announced the launch of its open-ended income scheme: Lotus India Active Income Fund. The objective is to generate optimal returns while maintaining liquidity through active management of the portfolio by investing in debt and money market instruments. Lotus India Active Income Fund - offers two plans i.e. Retail and Institutional and both plans offer two options i.e. Growth and Dividend Reinvestment. The scheme is open for subscription from 27 July 2007 and will close on 30 July 2007. The minimum application amount for Retail Plan is Rs 5000 and in multiples of Re 1 thereafter and for Institutional Plan is Rs. 50 lakhs and in multiples of Re 1 thereafter. Units will be available at Rs 10 each during the New Fund Offer (NFO). The scheme does not charge any entry load but there is an exit load of 1% on investments if redeemed on or before 180 days from the date of allotment under the Retail Plan. The scheme does not charge any exit load under the institutional plan.