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.

Lotus India MF Declares Dividend

Lotus India Asset Management Company (Lotus India AMC) announced the declaration of dividend of 2.5% in the Retail - Quarterly Dividend Option of Lotus India Active Income Fund. Lotus India AMC has notified 18 March 2008 as the record date for the purpose of declaring dividend. Distribution of dividend is subject to availability and adequacy of distributable surplus. Pursuant to payment of dividend, NAV would fall to the extent of dividend payout and statutory levy, if applicable.
The dividend proposed to be declared is Re. 0.25 per unit on a face value of Rs. 10/- per unit. The NAV of the Retail - Quarterly Dividend Option as on March 13, 2008 was Rs. 10.4507. All unit holders of Retail - Quarterly Dividend Option under the Scheme, whose names appear in the records of the Registrar, Computer Age Management Services Pvt. Ltd., as at the close of business hours on March 18, 2008, will be entitled to receive the dividend.