Lotus India Contra Fund Not To Attract Entry Load

Lotus India AMC said that all investments in Lotus India Contra Fund through a Systematic Investment Plan (SIP) would not attract any entry load from May15 2007. Also, the minimum SIP amount has also been brought down to Rs. 100/- a month thereby making it more affordable to the retail investors. Lotus India Contra Fund, joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide, is an open-ended equity scheme, which aims to generate capital appreciation through the Contrarian style of investing.