Joint Venture Between Fullerton Fund Management Group

Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, announced the launch of Lotus India Banking Fund, an Open-Ended Banking Sector Fund. Speaking on the occasion, Mr. Ajay Bagga, Chief Executive Officer - Lotus India AMC said, "From a Banking and Financial Services perspective, India is an under penetrated market. This offers tremendous growth potential for this sector. Consistent and high economic growth in India over the recent past has led to robust growth in banking assets. Further, the Indian Banking and Financial Services sector has largely been unaffected by the global credit crisis due to its strong fundamentals.