Lotus India AMC launches Lotus India Growth Fund

Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, has announced the launch of open-ended diversified equity scheme, Lotus India Growth Fund.

Long term growth of capital by investing in a diversified portfolio of predominantly equity and equity-related securities. is investment objective of the scheme .The new fund offer priced at Rs 10 per unit (plus applicable entry load) will open for initial purchase from Jul 9 and closes on Jul 19. The fund will re-open for ongoing purchase/redemption by August 4. The fund will invest 65-100 per cent in equity and equity related instruments and 0-35 per cent in debt and money market instruments.

Lotus India Growth Fund is an open-ended diversified equity fund, which has the flexibility to invest across companies without having any bias towards a particular sector, investing style or market capitalization. It can invest across large cap, mid-cap or small cap stocks; across growth, value or blend stocks. The fund can also invest across lifecycles - across "momentum", "attractive" and "contra" stocks.

Tridib Pathak, chief investment officer – equities, will manage the fund. Ajay Bagga, chief executive officer, Lotus India AMC has said that Lotus India Growth Fund will help investors capture the growth potential of corporate India in a comprehensive manner.