Lotus India AMC launches Infrastructure Fund
Lotus India AMC launches Infrastructure Fund Lotus India AMC launched Lotus India Infrastructure Fund, a closed ended equity scheme with maturity of 3 years. The scheme opened for subscription on Sep. 25, 2007 and will close on Oct. 24, 2007. The units of the scheme will be available at Rs 10 a unit. Objective The Lotus India Infrastructure Fund seeks to provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of infrastructure companies. Key Features The duration of the scheme is 3 years from the date of allotment. The scheme offers growth option and dividend option. The dividend option offers dividend payout and dividend re-investment facilities. The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter. During the NFO period fund aims at raising Rs 10,000,000, however. there is no upper li mit. Asset Allocation Load Structure Investment Strategy The scheme intends to select equity securities utilizing bottom up approach. Bottom up approach is an investment approach which deemphasizes the significance of economic and market cycles. This approach focuses on the analysis of individual stocks. In bottom up approach the focus is on specific company rather than on the industry in which that company operates or on the economy as a whole. Performance and Management The performance of the scheme will be measured against S&P CNX 500. The fund managers are Tridib Pathak and Sanjay Chhabaria.
The scheme aims at investing 65% to 100% in equity and equity related instruments of companies engaged in infrastructure sector and 0% to 35% in Debt and Money market Instruments.
While both entry and exit load load is nil, investors will be charged balance proportionate unamortized issue expenses on the applicable NAV on redemption before maturity of the scheme.
