Lotus  India  Infrastructure Fund opens

PFW Bureau / Sep 27

Lotus India AMC, a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide,  has launched Lotus India Infrastructure Fund, a closed-ended equity scheme with a maturity of  three years.

The objective of the scheme is to provide long-term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of infrastructure companies.

The New Fund Offer (NFO) has been priced at Rs.10 per unit. It was opened for subscription on September 25 and it will be close on October 24, 2007. The fund will invest 65-100% in equity and equity related instruments of companies engaged in infrastructure sector and 0-35% in debt and money market instruments.

Ajay Bagga, chief executive officer, Lotus India AMC said said in a statement, “Infrastructure development plays a vital role in the development of the country’s economy and GDP growth. With robust growth in the Indian Economy post liberalization, there is an increased demand on the country’s already stretched infrastructure. 

The fund can help to capture these opportunities and help create wealth for investors in the long term”, he said.