Lotus India MF Files An Offer Document

Lotus India Mutual Fund files an offer document. It plans to launch Lotus India Banking & Infrastructure Fund A close-ended equity scheme with maturity of 3 years. 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 engaged in the business of banking & financial services and in companies involved directly or indirectly in infrastructure creation in the economy. The fund would invest 65% - 100 % equity and equity related instruments of banking & financial services and companies engaged in infrastructure sector. Maximum exposure to derivatives shall not exceed 50% of the net assets of the scheme. The fund would invest 0% - 35% in debt and money market instruments. The investment in securitised debt may be made to the extent of 35% of net assets of the scheme.