Lotus India AMC Announces Maiden Dividend

Lotus India Asset Management Company today announced a 15% maiden dividend in Lotus India Tax Plan - Dividend Option. The dividend proposed is Rs. 1.50 per unit on a face value of Rs. 10 per unit. The NAV of the Dividend option as on 22 January 2008 was Rs. 13.65. The fund house has notified 28 January 2008 as the record date for the purpose of declaring dividend. Lotus India Tax Plan, an Open Ended Equity-Linked Savings Scheme (ELSS) was the first equity scheme from Lotus India AMC and was launched last year. The Fund has performed admirably since launch by outperforming its benchmark BSE 100 since inception and on a 1 year basis. As of 23 January 2008, the Fund has generated a since inception returns of 38.08% as compared to the benchmark index at 32.85%. In the last one year, the Fund has generated returns of 40.68% as compared to the benchmark at 32.87%. (Returns are CAGR and calculated on an NAV of Rs. 14.42. For this purpose, date of allotment is considered to be the inception date, which is 29 December 2006) Past performance may or may not be sustained in future).