Lotus India Asset Management Company (AMC), a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, has filed an offer document for Lotus India Mid and Small Cap Fund, a 3 years close-ended equity scheme. The NFO price for the fund will be Rs 10 per unit. The fund seeks to collect a minimum corpus of Rs 1 crore for the scheme. The scheme does not charge any entry load or exit load for the scheme.
The investment objective of the scheme is to provide long-term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of companies across the entire market capitalization. However there can be no assurance that the fund’s objective will be achieved.
The scheme offers two options i.e. growth and dividend. The dividend option offers dividend payout or dividend re-investment facility. The minimum application amount under is Rs.5,000 and in multiples of Re.1 thereafter. The fund manager for the scheme is Mr. Tridib Pathak
The fund will invest 65-100% in equity and equity related instruments and 0-35% in debt and money market instruments. Debt instruments may include securitised debt (excluding foreign securitised debt) up to 35% of the net assets.
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