AIG Global Grp launches its Ist fund in India

Bangalore, May 3: AIG Global Investment Group (AIGGIG) today announced the launch of its maiden scheme - AIG India Equity Fund.

The New Fund Offer priced at Rs.10 per unit (plus applicable entry load) would be open for purchase from today to May 31. The fund will re-open for ongoing purchases/redemptions no later than June 29, 2007, according to a Group release here.

AIG India Equity Fund was an open-ended diversified equity fund with no biases. The fund had the flexibility to invest across companies without having any bias towards a particular sector, investing style or market capitalisation range.

The fund would be managed by Tushar Pradhan, Chief Investment Officer - Equities.

UNI