AIG Mutual Fund will now be owned by PineBridge Investments Japan Co. Ltd. and AIG Capital Corporation, the current sponsor of AIG Mutual Fund will sell all its holdings to PineBridge. PineBridge is a corporation incorporated in Japan and has Rs. 46,906 crores (JPY 792 billion) of assets under management as on August 31, 2011.
Investors willing to exit may redeem their units between October 10,2011 & November 15, 2011. No exit load will be charged during this period.
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