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ABN AMRO Sustainable Development Fund

March 7th, 2007

ABN AMRO Asset Management has come up with NFO for its ABN AMRO Sustainable Development Fund. The fund is a 3-year close ended fund which would get automatically converted into an open ended fund after the 3 year maturity period.

The investment objective of the fund is as follows:

The investment objective is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities primarily of the Socially Responsible Companies focusing on Sustainable Development. The Scheme will aim to identify investment opportunities in companies across all ranges of market-capitalization, defined as “Socially Responsible Companies”.

The NFO opens on March 05, 2007 and closes on March 30, 2007

The minimum application amount is Rs. 5000 and in multiples of Re.1 thereafter.

Since this is a close ended fund, there will be no entry load and exit load is applicable if redeemed before maturity period.

As per the product details on ABN AMRO website, “the Regular Plan offers Growth Option and Dividend Option. The Dividend Option offers Dividend Payout and Dividend Re-investment facilities. The Dividend Option will have monthly frequency. However, it may be noted that the actual declaration of dividend under the Dividend Option will be subject to the availability of distributable surplus as computed in accordance with the SEBI Regulations and discretion of the Trustees/ AMC.”

Entry Filed under: Mutual Funds, ABN AMRO, NFO