ABN AMRO Mutual Fund launches another close-ended fund of fund scheme-ABN AMRO Multi Manager Fund-Series 2B with a maturity period of 3 yrs. The fund will remain open for subscription from February 9, 2007 till February 28, 2007.
The fund offers only Regular Plan with two investment options- Growth and Dividend with Re-investment facility. The fund seeks to provide long term capital appreciation by investing in the portfolio of equity, liquid, short term and floating rate schemes.
The minimum amount required to invest in the fund is Rs. 25000. The fund would be jointly managed by Mr. Prateek Agrawal and Mr. Mahendra Jajoo. The fund’s performance will be benchmarked against Crisil MIP Blended Index. Being a close-ended fund, it will not charge any entry load but for redemptions made before maturity, proportionate unamortized initial issue expenses will be recovered from the redemption proceeds of the investors, as CDSC.