Background: AIG Global Investment Group (AIGGIG) is a worldwide leader in asset management, with extensive capabilities in equity, fixed income, hedge funds, private equity and real estate. AIG Global Asset Management Company (India) a member company of AIG Global Investment Group manages assets worth Rs 1547.88 crore as on June 2009.
AIG India Equity Fund (G) an open-ended equity diversified fund launched in May 2007. The 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.
The minimum investment amount is Rs 5000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs 8.68 per unit as on 9 July 2009.
Portfolio: The total net assets of the scheme decreased by Rs 13.21 crore to Rs 488.61 crore in June 2009.
AIG India Equity Fund (G) took fresh exposure to twenty stocks in May 2009. The scheme has purchased 2.96 lakh units (5.93%) of Container Corporation of India, 1.03 lakh units (3.75%) of Infosys Technologies, 1.44 lakh units (3.54%) of Glaxosmithkline Pharma and 4.22 units (3.49%) of Thermax among others.
The scheme exited completely from Reliance Industries by selling 1.79 lakh units (8.15%), Housing Development Finance Corporation by selling 1.24 lakh units (5.43%), Oil & Natural Gas Corporation by selling 1.98 lakh units (4.66%) and HDFC Bank by selling 1.50 lakh units (4.32%) among others in May 2009.
Sector-wise, the scheme took fresh exposure to Computers-Software-Large at 3.75%, Pharmaceuticals-Multinational at 3.54%, Engineering at 3.49% and Diversified-Large at 1.93% among others in May 2009.
Sector-wise, the scheme did exit completely from Refineries at 8.15%, Finance-Housing at 5.43%, Oil Drilling/Allied Services at 4.66% and Banks-Private Sector at 4.32% among others in May 2009.
The scheme had highest exposure to Shree Cement with 2.90 lakh units (7.05% of portfolio size) followed by Bharti Airtel with 4.20 lakh units (6.90%), State Bank of India with 1.75 lakh units (6.25%) and Hero Honda Motors with 2.00 lakh units (5.75%) among others in May 2009.
It reduced its exposure from Bharat Heavy Electricals by selling 35220 units to 1.05 lakh units (by 1.34%), HCL Infosystems by selling 5.48 lakh units to 2.57 lakh units (1.26%), ITC by selling 3.48 lakh units to 11.51 lakh units (1.00%) and CESC by selling 799 units to 3.50 units (1.03%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Banks-Public Sector at 18.31% (from 10.07% in April 2009), followed by Cement-North India at 7.05% (2.55%), Telecommunications-Service Provider at 6.90% (4.91%) and Automobiles-Motorcycles/Mopeds at 5.75% (2.40%) among others in May 2009.
Sector wise, the scheme had reduced exposure from Pharmaceuticals-Indian-Bulk Drugs & Formulation to 1.61% (by 2.68%), Electric Equipment to 4.74% (by 1.34%), Computers-Hardware to 0.61% (by 1.87%) and Cigarettes to 4.49% (by 1.00%) among others in May 2009.
Performance: The performance of scheme is benchmarked against BSE 100. The scheme has outperformed the benchmark index over all the time periods.
The scheme has posted negative returns of 2.54% outperforming the BSE 100 that declined 8.57% over 1 month period ended 09 July 2009.
Over 3 months period, the scheme advanced by 34.02% outperforming the BSE 100 that gained 30.93%. It rose by 4.91% outperforming the benchmark index that was down by 0.94% over 1 year period.
AIG India Equity Fund (G) an open-ended equity diversified fund launched in May 2007. The 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.
The minimum investment amount is Rs 5000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs 8.68 per unit as on 9 July 2009.
Portfolio: The total net assets of the scheme decreased by Rs 13.21 crore to Rs 488.61 crore in June 2009.
AIG India Equity Fund (G) took fresh exposure to twenty stocks in May 2009. The scheme has purchased 2.96 lakh units (5.93%) of Container Corporation of India, 1.03 lakh units (3.75%) of Infosys Technologies, 1.44 lakh units (3.54%) of Glaxosmithkline Pharma and 4.22 units (3.49%) of Thermax among others.
The scheme exited completely from Reliance Industries by selling 1.79 lakh units (8.15%), Housing Development Finance Corporation by selling 1.24 lakh units (5.43%), Oil & Natural Gas Corporation by selling 1.98 lakh units (4.66%) and HDFC Bank by selling 1.50 lakh units (4.32%) among others in May 2009.
Sector-wise, the scheme took fresh exposure to Computers-Software-Large at 3.75%, Pharmaceuticals-Multinational at 3.54%, Engineering at 3.49% and Diversified-Large at 1.93% among others in May 2009.
Sector-wise, the scheme did exit completely from Refineries at 8.15%, Finance-Housing at 5.43%, Oil Drilling/Allied Services at 4.66% and Banks-Private Sector at 4.32% among others in May 2009.
The scheme had highest exposure to Shree Cement with 2.90 lakh units (7.05% of portfolio size) followed by Bharti Airtel with 4.20 lakh units (6.90%), State Bank of India with 1.75 lakh units (6.25%) and Hero Honda Motors with 2.00 lakh units (5.75%) among others in May 2009.
It reduced its exposure from Bharat Heavy Electricals by selling 35220 units to 1.05 lakh units (by 1.34%), HCL Infosystems by selling 5.48 lakh units to 2.57 lakh units (1.26%), ITC by selling 3.48 lakh units to 11.51 lakh units (1.00%) and CESC by selling 799 units to 3.50 units (1.03%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Banks-Public Sector at 18.31% (from 10.07% in April 2009), followed by Cement-North India at 7.05% (2.55%), Telecommunications-Service Provider at 6.90% (4.91%) and Automobiles-Motorcycles/Mopeds at 5.75% (2.40%) among others in May 2009.
Sector wise, the scheme had reduced exposure from Pharmaceuticals-Indian-Bulk Drugs & Formulation to 1.61% (by 2.68%), Electric Equipment to 4.74% (by 1.34%), Computers-Hardware to 0.61% (by 1.87%) and Cigarettes to 4.49% (by 1.00%) among others in May 2009.
Performance: The performance of scheme is benchmarked against BSE 100. The scheme has outperformed the benchmark index over all the time periods.
The scheme has posted negative returns of 2.54% outperforming the BSE 100 that declined 8.57% over 1 month period ended 09 July 2009.
Over 3 months period, the scheme advanced by 34.02% outperforming the BSE 100 that gained 30.93%. It rose by 4.91% outperforming the benchmark index that was down by 0.94% over 1 year period.
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