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ABN Amro Future Leaders Fund


ABN Amro Mutual Fund is planning to launch another equity fund: ABN Amro Future Leaders Fund. The fund would be initially open for subscription between March 13 and April 7, 2006.

The scheme aims to invest primarily in companies with high growth opportunities in the middle and small capitalisation segment, defined as 'Future Leaders'. The fund will emphasise on companies that appear to offer opportunities for long-term growth and will be inclined towards companies that are driven by dynamic style of management and entrepreneurial flair. At least 65 per cent of the assets of the scheme would be invested in companies categorised as 'Future Leaders' and up to 35 per cent in companies other than 'Future Leaders'. The fund would benchmark its performance against CNX Midcap Index.

During the new fund offer period, the fund would not charge any entry load. But for investments less than Rs 5 crore, an exit load of 1.5 per cent would be charged if redeemed within six months from the date of allotment, 0.75 per cent, if redeemed after six months but within 12 months. An exit load of 2.25 per cent would be charged for investments of Rs 5 crore and above, if redeemed within 12 months from the date of allotment. Initial issue expenses of up to 4 per cent would be charged to the scheme upfront, while the balance initial issue expenses of up to 2 per cent would be amortised over a period not exceeding one year.