AIG MF has unleashed a new scheme called AIG Fixed Maturity Plan-1 and it is a close-ended income scheme. The investment objective of the scheme is to generate returns while endeavoring to manage interest rate volatility over the maturity period through a portfolio of fixed income securities. Series available under the scheme: AIG Fixed Maturity Plan-1 Series I, II, III, IV, V, VI with duration of 12-18 months in each series. Presently there are two plans available under each series of the scheme i.e. Institutional Plan and Retail Plan. The options available under all the plans are Growth & Dividend option.
The dividend option offers only dividend payout facility. Under dividend option, dividend subject to distributable surplus shall be declared on maturity of the respective plan/ series from the date of allotment of units. Both the plans under each series will have a common portfolio. However, the returns under each plan are expected to vary having regard to the specified expense ratio under the relevant plan. Asset Allocation:
The fund will invest up to 0-100% in debt securities including securitized debt and medium money market instruments. Investment in securitised debt would be up to a maximum of 75% of the net assets of the scheme.
The dividend option offers only dividend payout facility. Under dividend option, dividend subject to distributable surplus shall be declared on maturity of the respective plan/ series from the date of allotment of units. Both the plans under each series will have a common portfolio. However, the returns under each plan are expected to vary having regard to the specified expense ratio under the relevant plan. Asset Allocation:
The fund will invest up to 0-100% in debt securities including securitized debt and medium money market instruments. Investment in securitised debt would be up to a maximum of 75% of the net assets of the scheme.
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