Lotus India MF Launched Lotus India Equity Fund

Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, has launched an Open-Ended Equity Scheme namely Lotus India Equity Fund. The investment objective of this scheme is to generate long-term capital growth from a focused portfolio of predominantly equity and equity-related securities. Lotus India Equity Fund is an open ended equity fund which aims to balance concentration and diversification risks and goes for diversification in a focused manner. The New fund will commence from August 16, 2007 and closes on September 7, 2007. The fund will invest 70-100% in equity and equity related instruments and 0-30% in debt and money market instruments. The fund offers two options i.e. Growth and Dividend. The Dividend option offers Dividend Payout and Dividend Re-investment facilities. Lotus India Equity Fund will follow self imposed guidelines while implementing its investment strategy, like Not less than 15 stocks and not more than 30 in the portfolio, Not less than 5 sectors in the portfolio and not more than 10 sectors, Not less than 2% exposure to a single stock, Not more than 10% exposure to a single stock at the time of investment & Active hedging to manage risks