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Mutual Fund Review: AIG India Equity Fund

About the Company:

 

Name of the Company: AIG Global Investment Group Mutual Fund

The sponsor for the mutual fund is "AIG Capital Corporation" incorporated in USA. AIG Capital Corporation is 100% owned by American International Group. The group companies are located all over the world in USA, UK, Japan,  HongKong, Thailand, Brazil, Canada etc

 

Type of Scheme: Open Ended Equity Scheme

 

Investment Objective:

It seeks to generate long term capital appreciation by investing in all kinds of equities in the stock markets i.e. large cap stocks, mid cap stocks, small cap stocks. They invest in any sector and also they invest in equity derivatives.

 

Asset Allocation:

 

The fund manager allocates 80% to 100 % of the funds in equities and equity related instruments. The fund manager would allocate 0 to 20 % of the funds in short term debt and money market Instruments.

SIP – Yes

SWP – Yes

STP -  Yes

Types of Plan:

·                           Dividend

·                           Growth

The dividend Plan has two options i.e. dividend payout and dividend reinvest.

Minimum Investment Amount: Rs 5000

SIP, STP- Minimum Investment Amount – Rs 1000

Entry Load: NA

Exit Load: 1 % if the fund is redeemed within 1 year from the date of investment.

                : NIL If the fund is redeemed after 1 year from the date of investment.

 

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