AIG MF plans to launch AIG Long Term Tax Advantage Fund. It is an open-ended equity linked savings scheme. The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities including equity derivatives.
Investment Option: The options available are growth and dividend option. The dividend option offers dividend payout and dividend reinvestment facilities. There will charge 2.25% an entry load for purchase amount less than Rs 5 crore. For purchase amount is Rs 5 crore and above, there will be no entry load. No exit load will be charged. As per ELSS notification, unit holders will not be able to redeem units under the scheme for a period of 3 years from the date of allotment. After the period of 3 years, units could be redeemed. The scheme will invest up to 80-100% in equity and equity related securities. It may invest 0-20% in money market instruments.
Investment Option: The options available are growth and dividend option. The dividend option offers dividend payout and dividend reinvestment facilities. There will charge 2.25% an entry load for purchase amount less than Rs 5 crore. For purchase amount is Rs 5 crore and above, there will be no entry load. No exit load will be charged. As per ELSS notification, unit holders will not be able to redeem units under the scheme for a period of 3 years from the date of allotment. After the period of 3 years, units could be redeemed. The scheme will invest up to 80-100% in equity and equity related securities. It may invest 0-20% in money market instruments.
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