What is the investment objective of the Lotus India Banking Fund?
The investment objective of the Scheme is to generate long-term capital growth from a portfolio of equity and equity-related securities of companies engaged in the business of banking and financial services.
How will the investors money be invested by the Lotus India Banking Fund?
The Lotus India Banking Fund will invest 65-100% in equity and equity related instruments of the constituents of CNX Bank Index, 0- 35% in equity and equity related instruments of banking and financial services companies other than the constituents of CNX Bank Index and 0-35% in debt and money market instruments.
What are the subscription dates for Lotus India Banking Fund?
The Lotus India Banking Fund is open for application between 19th may 2008 to 17th June 2008. Investors can apply for units during these dates.
What is the price of each unit of Lotus India Banking Fund?
The standard value of Rs. will be taken per unit of Lotus India Banking Fund during the NFO period.
What is the entry load and exit load for Lotus India Banking Fund?
Entry Load : Retail Plan - 2.25% if purchase amount is less than Rs. 5 Crores. Institutional Plan - NIL
Exit Load : Retail Plan – 1% if redeemed on or before the expiry of 6 months from the date of allotment (including the date of allotment) or 0.6% if redeemed after 6 months and on or before the expiry of 1 year from the date of allotment (including the date of allotment). Institutional Plan – NIL
Related: Kotak Sensex ETF, Reliance Banking Exchange Traded Fund (RBETF), Lotus India Agile Fund
What are the valuations and analysis of Lotus India Banking Fund?
Lotus India AMC said, “From a Banking and Financial Services perspective, India is an under penetrated market. This offers tremendous growth potential for this sector .Consistent and high economic growth in India over the recent past has led to robust growth in banking assets. Further, the Indian Banking and Financial Services sector has largely been unaffected by the global credit crisis due to its strong fundamentals
What is the minimum application amount for Lotus India Banking Fund?
Minimum Application Amount : Retail - Rs. 5000/- per application and in multiples of Re. 1/- thereafter. Institutional – Rs. 5 Crores per application and in multiples of Re.1/- thereafter.
Risk in Lotus India Banking Fund?
| The biggest risk is that it is concentrated only on the banking sector. Hence, if investors are lucky, they may get a real good bargain when the banking sector is down. Else, they may take a hit by buying high and then the banking sector going down. | Table of Contents |
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