VR Logo

Lotus India Equity Fund


Name of Fund: Lotus India Equity Fund

Scheme: Open -End, Equity scheme

Objective: The fund aims to generate long term capital growth by investing in equity and equity related instrument of companies across market capitalisation. The fund would follow a focused stock selection approach. In order to ensure sufficient diversification the scheme would invest in companies from not less than five sectors and not more than ten sectors. The exposure toward a single stock would be a minimum of 2% and a maximum of 10%.
The number of stocks in the portfolio would be around 15-30.

Asset Allocation: The fund would allocate 70 to 100% of its assets in equity and equity- linked instruments. Debt securities and money market instrument will comprise of 0 to 30% of the portfolio.

Fund Opens: August 16, 2007

Fund Closes: September 7, 2007

Face Value: Rs 10

Investment Options: Growth, Dividend Payout and Reinvestment

Entry Load: The fund would charge an entry load of 2.25% for investment less than Rs 5 Crores.

Exit Load: The fund would charge an exit load of 1% if the investment is redeemed on or before the expiry of 6 months from the date of allotment and 0.60% would be charged if redeemed after 6 months and on or before the expiry of 1 year from the date of allotment.

Minimum Investment Amount: Rs 5, 000

Benchmark Index: BSE 100

Fund Manager: Tridib Pathak