New Fund -- AIG India Equity Fund

With our Mutual fund industry growing like as it has been never before newer and newer Asset Management companies (AMC) are trying to spread their hand in the Indian mutual fund indstry and the latest of the is AIG.

The AIG Global Investment Group Mutual fund group is being led by Tushar Pradhan formerly associated with HDFC Mutual fund.

This is an open ended diversified equity fund with no sector or market cap bias. The allocation to equity will be in the 80%-100% range and the allocation to debt will be maximum 20%.

The entry load is 2.25% and the exit load is 1% if redeemed a year from the date of allotment. These loads are applicable during the NFO and the ongoing offer period.

Details --

Offer opens: May 3, 2007
Offer closes: May 31, 2007
Cost per unit: Rs 10
Benchmark: BSE 100
Scheme options: Growth, Dividend payout and reinvestment