New Mutual Fund Offer

Discussion in 'Money Matters' started by pammor, Nov 13, 2007.

  1. pammor

    pammor Senior IL'ite

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    Presenting for the first time in India: A Quant based Mutual Fund Scheme
    Lotus India AGILE (Alpha Generated from Industry Leaders) Fund

    Lotus India AGILE Fund will seek to generate capital appreciation by investing in a passive portfolio of stocks selected from the industry leaders on the basis of a mathematical model. Benchmarked to the S&P CNX Nifty, the Fund will endeavor to consistently generate Alpha in most market conditions.

    Scheme features:
    Ø 11 stocks will be picked on basis of AGILE model ranking
    Ø 9% of the total corpus to be invested in each of these 11 stocks
    Ø 1% will be kept in debt and money market instruments
    Ø Investors flows during the month will be invested / divested on an equal weighted basis
    Ø Portfolio review and reset every month

    Who should invest?
    Ø Investors on the lookout for a Fund with a “Model Based” investment approach
    Ø Investors with a slightly higher risk tolerance level as compared to traditional diversified equity funds
    Ø Investors with a medium to long term investment horizon

    About Lotus India Asset Management Company Private Ltd.
    Lotus India Asset Management Company Private Limited (Lotus India AMC) is a joint venture between Fullerton Fund Management Group (Fuller ton) and Sabre Capital Worldwide. Alexandra Fund Management (AFM), the sponsor of Lotus India AMC, is an affiliate of Fullerton (both Fullerton and AFM are wholly owned by Temasek Holdings Pvt. Ltd., Singapore.) With over 180 employees across 57 locations, Lotus India AMC has already established a wide footprint across the country.

    Investment Objective: Lotus India AGILE Fund (Alpha Generated from Industry Leaders Fund) (An Open Ended Equity Scheme) aims to generate capital appreciation through investment in equity and equity related instruments. The Scheme will seek to generate capital appreciation by investing in a passive portfolio of stocks selected from the industry Leaders on the basis of a mathematical model. Investment Pattern: Equity and Equity related instruments# - 90-100%, Debt* & Money Market instruments - 0-10%. #Maximum exposure to the derivatives shall not exceeding 50% of the Net assets of the Scheme, subject to the limits as specified by SEBI, from time to time. *Debt instruments may include securitized debt (excluding foreign securitized debt) upto 10% of the net assets.Terms of Issue: Units at Rs. 10 per Unit for cash plus applicable entry load during the NFO and at Applicable NAV plus applicable entry load thereafter. Minimum Application Amount: Rs. 5,000/- per application plus in multiples of Re. 1/- Minimum Amount for Redemption: Rs. 1,000/- or 100 units. Offer Document, Key Information Memorandum and Application Forms/Transaction Slips available at ISC/Distributors. NAV will be calculated and published on all Business Days. Load Structure: Entry Load: Where purchase amount is less than Rs. 5 Crores - 2.25%, Where purchase amount is equal to or greater than Rs. 5 Crores & Where Units are allotted upon reinvestment of Dividends & Where the investor is a Fund-of-Funds, as defined under SEBI Regulations, 1996 - Nil; Exit Load: if redeemed on or before the expiry of 6 months from the date of allotment - 1%, if redeemed after 6 months and on or before the expiry of 1 year from the date of allotment - 0.60%, if redeemed after the expiry of 1 year from the date of allotment & For redemption, where the initial purchase is equal to or greater than Rs. 5 Crores - Nil. Statutory Details: Lotus India Mutual Fund has been constituted as a trust under the Indian Trust Act, 1882 (liability restricted to Rs. 1 Lakh) by Alexandra Fund Management Pte Ltd. Sponsor: Alexandra Fund Management Pte Ltd, Singapore. Trustee: Lotus India Trustee Company Private Limited. Investment Manager: Lotus India Asset Management Company Private Limited. Scheme Specific Risk Factors: As the fund invests a higher percentage of its assets in a smaller number of securities it carries concentration risk. The decline in the value of one equity share could have a greater negative effect on the fund. The model used by the fund relies extensively on past data which may not necessarily be the best indicator of the future. The turnover ratio of stocks in the fund may be higher than diversified equity mutual funds. Risk Factors: Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on the factors and forces affecting the capital markets. Past performance of the Sponsor, Mutual Fund, AMC or any associates of the Sponsor / AMC does not indicate the future performance of the Scheme of the Mutual Fund. Lotus India AGILE Fund is only the name of the Scheme and does not in any manner indicate either the quality of the Scheme or its future prospects and returns. Please read the Offer Document before investing.


    The information contained in this FORUM POST has been obtained from sources considered to be authentic and reliable. However, it is not my responsibility for any error or inaccuracy or for any losses suffered on account of information contained in this newsletter. For Risk factors and other details, prospective investors are advised to refer to the full offer document of the respective schemes of the Mutual funds.

    The data and information provided in this newsletter is not advice, professional or otherwise, and should not be relied upon as such. Neither the information, nor any opinion contained in this constitutes a solicitation or offer me to buy or sell any mutual fund units or provide any investment advice or service. The investments discussed in the Forum Post may not be suitable for all investors.

    Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advisors, as they believe necessary. The display, description or references to any products, services, publications or links in this Forum post shall not constitute an endorsement by the poster..

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