Lotus India MF Files Offer Document

Lotus India Mutual Fund has filed an offer document for Lotus India Active Nifty-Fifty Fund. It is an open-ended equity scheme. The new fund offering (NFO) for the scheme is Rs. 10 plus applicable entry load during the NFO. The fund house seeks to collect a minimum corpus of Rs. 1 crore for the scheme. The minimum subscription amount under regular plan is Rs. 5000 and in multiple of Re 1thereafter. The scheme offers investors a growth option and a dividend option. The dividend option offers dividend payout and dividend reinvestment facilities.
The investment objective of the Scheme is to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities of companies constituting S&P CNX Nifty Index. The scheme charges an entry load of 2.25% for investment less than Rs 5 crore. There will no entry load for the investment above Rs 5 crore. The scheme charges an exit load of 1.00% if the investment is redeemed on or before 6 months from the date of allotment. The exit load will come down to 0.60% if investment is redeemed on or before the expiry of 1 year from the date of allotment. There will not be any exit load for the investment redeemed after 1 year of allotment as well as for the investment above Rs 5 crore. The fund will invest 65%-100% in equity and equity related instruments of companies constituting S&P CNX Nifty with upto 50% of net asset of the scheme expose to the derivatives. The fund will invest 0%-35% in debt and money market instrument with upto 35% investment in securitised debt.