AIG mutual fund has filed an offer document for AIG Infrastructure and Economic Reform Fund an open-ended equity scheme with two plans namely regular plan and institutional plan. The new fund offering (NFO) for the scheme is Rs. 10 plus applicable entry load. The fund house seeks to collect a minimum corpus of Rs 1 crore for the scheme.
AIG Infrastructure and Economic Reform fund offers growth and dividend option. The dividend option offers dividend payout and reinvestment facility.
The minimum investment amount under retail plan is Rs. 5,000. The minimum investment amount under institutional plan is Rs. 5 crore.
The scheme carries an entry load of 2.25% for the amount less than Rs. 5 crore under regular plan. There will not be any entry load for the investment above Rs 5 crore as well as investment made under institutional plan.
The scheme charges an exit load of 1.00% for the amount less than Rs 5 crore and if it is redeemed on or before the expiry of 1 year from the date of allotment under the regular plan. The exit load will reduce to 0.50% for the amount of Rs 5 crores and above if redeemed on or before the expiry of 6 months from the date of allotment. Under institutional plan, the exit load will be at 0.50% if redeemed on or before the expiry of 6 months from the date of allotment under institutional plan.
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