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.
The Mutual Fund will be renamed as PineBridge Mutual Fund, the AMC as PineBridge Investments Asset Management Company (India) Pvt Ltd and the trustee company as PineBridge Investments Trustee Company (India) Prvt Ltd.
The names of the schemes are proposed to be changed as follows:
| Old Name of the Scheme | | New Name of the Scheme
| |
AIG India Equity Fund | | PineBridge India Equity Fund
| |
AIG Infra & Eco Reform Fund | | PineBridge Infra & Eco Reform Fund
| |
AIG India Treasury Fund | | PineBridge India Treasury Fund
| |
AIG Short Term Fund | | PineBridge Short Term Fund
| |
AIG India Liquid Fund | | PineBridge India Liquid Fund
| |
AIG Qtrly Interval Fund Sr I | | PineBridge Qtrly Interval Fund Sr I
| |
AIG Qtrly Interval Fund Sr II | | PineBridge Qtrly Interval Fund Sr II
| |
AIG World Gold Fund | | PineBridge World Gold Fund
|  |
| |
Investors who want to exit may redeem their units between October 10,2011 & November 15, 2011. No exit load will be charged during this period.