Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, announced the launch of its three year Close-Ended Equity Scheme: Lotus India Mid N Small Cap Fund. Lotus India Mid N Small Cap Fund is a three-year close-ended equity scheme providing Growth and Dividend Options. The Dividend option offers Dividend Payout and Dividend Re-investment facilities.
The New Fund Offer priced at Rs.10 per unit opened for initial purchase from January 7, 2008 and closes on February 19, 2008. 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 mid and small cap companies. The fund will invest in mid cap stocks in the range of 65-100% and in small-cap stocks in the range of 5% - 40%. A portion could also be invested in debt and money market instruments. An investor can start investing with as little as Rs. 5000 and in multiples of Re. 1 thereafter in this Fund.
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