Lotus India Mid N Small Cap Fund

Lotus Mutual Fund has launched a mutual fund called "Lotus India Mid N Small Cap Fund" which is 3 year close ended equity scheme that seeks provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of mid and small -cap companies.

The fund proposes to invest between 65% and 100% of the fund proceeds into Equity & Equity Related instruments of mid@ cap companies.

The fund proposes to invest between 5% and 40% of the fund proceeds into Equity & Equity Related instruments of small cap companies.

The fund proposes to invest between 0% and 30% of the fund proceeds into Equity & Equity Related instruments of companies other than the above.

The fund proposes to invest between 0% and 30% of the fund proceeds into Debt and Money Market Instruments.

Scheme Details

Issue Opens: January 07, 2008
Issue Closes: February 15, 2008

Type: Close ended equity scheme
Plan : Dividend Option,Growth Option. Dividend Option (with Payout Facility and reinvestment).

Minimum Investment: Rs. 5,000 and multiples of Rs 1
Minimum Amount for Redemption : Rs.1000/- or 100 units*

Entry Load: Nil
Exit Load: Nil, but, on redemption before maturity of the scheme, investors will be charged balance proportionate unamoritzed issue expenses on the applicable NAV.

Benchmark Index: CNX MIDCAP Index