Lotus launches Lotus India Growth Fund

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

The investment objective of the scheme is to generate long-term growth of capital by investing in a diversified portfolio of predominantly equity and equity-related securities.

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 with no biases. The fund 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.

The fund will be managed by Tridib Pathak, chief investment officer - equities.

Speaking about the launch of the scheme, Ajay Bagga, chief executive officer, Lotus India AMC said, "Lotus India Growth Fund will help investors capture the growth potential of corporate India in a comprehensive manner."