AIG files offer document for AIG Equity Plan
February 19th, 2007
Time is important and no fund house is ready to loose it. AIG Global Investment Group Mutual Fund, just within few days of getting the approval from SEBI, has filed draft document for AIG India Equity Fund. The draft document is dated February 15, 2007.
The fund comes into two plans: Regular Plan and Institutional Plan. The AIG Equity Plan takes BSE 100 index as its benchmark index.
The investment objective of the fund is “to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives”. Equity and equity related securities would go from 80% to 100% while Debt & money market securities/instruments/funds ranges from 0% to 20%
The offer document says the portfolio in each of the plans will be the same but the returns differs because of the variation in the expense ratio. The initial investment at the time of application can be a minimum of Rs. 5000. In the case of purchases through SIP and STP, the minimum installment amount shall be Rs. 1,000/-.
Entry Filed under: Mutual Funds, AIG MF
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