Lotus India MF crosses $ 1 Billion Mark

Lotus India Asset Management Company Private Limited (LIAMC) announced that it has crossed $ 1 billion of assets under management (AUM) as on 30th June 2007. LIAMC has witnessed remarkable growth in AUM from Rs. 3623 crores as on 31 May, 2007 to Rs. 4165.36 crores as on June 30th 2007; a growth of around 15%, thus making it one of the fastest growing fund houses in this period.