Lawrence Asset Management Inc. today unveiled Lawrence India Fund. The open-ended mutual fund is now available for purchase.

Lawrence India Fund is a long/short equity fund with a long bias that will invest most of its assets directly into Indian markets, providing investors with access to equity and debt securities of companies located and listed in India.

Lawrence Asset Management has partnered with Reliance Asset Management, Singapore, to provide the fund with research, investment strategy advice and recommendations.

Reliance Asset Management is a wholly owned subsidiary of Reliance Capital Asset Management Ltd, the largest asset management company in India managing over US$20 billion in assets under management as of December 2007.

“Given India’s current economic trajectory and favourable demographics, it is projected to be one of the largest economies in the world within 25 years and will play a significantly larger role in global capital markets. We think now is the ideal time for Canadian investors to allocate a portion of their investment portfolio in to the Indian equity markets,” says Ravi Sood, president and COO of Lawrence Asset Management Inc.

Units of the fund may be purchased or redeemed on the last business day of each week. The fund is RRSP eligible.