We have a brand new AMC in town - AIG Global Investment Group Mutual Fund. Tushar Pradhan, formerly at HDFC Mutual Fund, is the CIO - Equities. Ravi Mehrotra, Managing Director, was earlier at Franklin Templeton. The new scheme being launched is the AIG India Equity Fund.
This is an open ended diversified equity fund with no sector or market cap bias. The allocation to equity will be in the 80%-100% range and the allocation to debt will be maximum 20%.
The entry load is 2.25% and the exit load is 1% if redeemed a year from the date of allotment. These loads are applicable during the NFO and the ongoing offer period.
Offer opens: May 3, 2007
Offer closes: May 31, 2007
Cost per unit: Rs 10
Benchmark: BSE 100
Scheme options: Growth, Dividend payout and reinvestment