AIG INFRASTRUCTURE & ECONOMIC REFORMS FUND
The AIG Infrastructure & Economic Reforms fund is AIG Mutual Fund’s second equity offering. This new fund will primarily in equity and equity-related securities of companies involved in the economic development of India. Such companies will be selected as a result of their potential in infrastructure and unfolding economic reforms.
Issue Opens: January 10, 2008
Issue Closes: January 31, 2008
Fund Category: Open-End, Equity Scheme
Benchmark Index: BSE 100
Regular: Rs. 5000
Institutional: Rs 5 crore
Entry Load: For investments less than Rs. 5 crore, an entry load of 2.25%
Exit Load: For investments less than Rs. 5 crores, an exit load of 1% if redeemed within 1 year from the date of allotment. For investments of Rs 5 crore and above, an exit load of 0.50% if redeemed within 6 months from the date of allotment.
There is no entry load but an exit load of 050%, if redeemed within 6 months.
About the Fund Manager
The fund will be managed by Mr. Tushar Pradhan. Mr. Pradhan is a commerce graduate and an MBA. He has experience of over 12 years in investments and research. Prior to joining AIG Company, he was with HDFC AMC as an equity fund manager.
Presently, he manages the AIG Equity Fund. The fund is a new entrant and has been an average performer till date.
AIG Global Investment Group Mutual Fund
The company commenced operations in May 2007 with the launch of an equity fund. Currently, the fund house has more than Rs. 2,800 crore of under management with a majority of its allocations in cash.