Mumbai: Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, on July 5, declared the unveil of its open-ended diversified equity scheme Lotus India Growth Fund. The investment objective of the scheme is to raise long-term growth of capital by infusing in a diversified portfolio of predominantly equity and equity-related securities. The new fund offer is priced at Rs 10 per unit (plus applicable entry load) opens for initial purchase from July 9 and closes on July 19.
The fund will infuse 65-100 per cent in equity and equity related instruments and 0-35 per cent in debt and money market instruments. It can infuse across large cap, mid-cap or small cap stocks; across growth, value or blend stocks. Given that Indian companies are growing at a rapid pace and have the potential to grow at above-average rates in the years to come, the Lotus India Growth Fund will help investors capture the growth potential of corporate India in a comprehensive manner.
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