AIG Global Unveils Maiden Scheme

Mumbai: US-based AIG Global Investment Group on Wednesday declared the launch of its maiden scheme in India AIG India Equity Fund. The fund is an open-ended equity fund targeting to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities comprising equity derivatives. The maiden offering of AIG Global Investment Group will infuse 80-100 per cent of its corpus in equity and equity related securities and 0-20 per cent in debt and money market instruments. AIG Global Investment group believes no single sector has outperformed consistently over the long term. The minimum investment amount is Rs 5,000. AIG India Equity Fund is the first among a range of investment solutions that we plan to offer. The new fund offer is priced at Rs 10 per unit (plus applicable entry load) and will be open for purchase from May 3 to May 31. The fund will re-open for ongoing purchases-redemptions on June 29.