Lotus India launches twin NFOs
February 27th, 2007
Lotus India AMC is slowly building its product offering. This time it has done so with the introduction of two new funds - one in the Mid Caps space while the other that takes a contrarian style of investment.
With this, Lotus India’s basket includes:
Lotus India Liquid Fund
Lotus India Tax Plan
Lotus India Liquid Plus Fund
Lotus India FMP
Lotus India Mid Cap Fund
Lotus India Contra Fund
The previous scheme from Lotus India AMC is the Lotus India Tax Plan (ELSS).
Lotus India seems to be aggressive in terms of rolling out products much faster compared to other AMCs of its type. Fidelity, for instance, has only 6 products even after being in the Indian Mutual Fund market for over a year now. Looks like Lotus India does not want to loose any time and gain as much experience and insight on Indian market as early as possible. Of course, India mutual funds cannot ignore this booming indian market period.
Ajay Bagga, Chief Executive Officer, Lotus India AMC, at the time of the launch of the schemes said, “We are certain that on the back of the expertise of our fund management process and our investing philosophy, the Lotus India Contra Fund and the Lotus India Mid Cap Fund will be able to deliver long term value to all its investors.”
Do read our take on the Lotus India Mid Cap Fund and Lotus India Contra Fund.
Entry Filed under: Mutual Funds, Lotus India Mutual Fund
Leave a Comment
Some HTML allowed:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>