AIG Investments offers Economic Reform Fund

PFW Bureau / Jan 12

AIG Investments launched AIG Infrastructure and Economic Reform Fund, an open-ended equity scheme. The fund will invest in companies that may benefit from potential investments in infrastructure and unfolding economic reforms without having any bias towards any sector or market capitalisation range.

The New Fund Offer (NFO) has been priced at Rs 10 per unit (plus applicable entry load). It will open for purchase from January 10 to January 31 and will re-open for ongoing purchases or redemptions no later than February 29. The minimum investment amount is Rs 5,000 for regular plan.

The fund will be managed by  Tushar Pradhan, CIO (Equities).

After the launch, Sunil Mehta, Country Head, India, American International Group, Inc. said, “Infrastructure is critical for India to take its growth momentum forward. It also presents a great investment opportunity. AIG in India has always been bullish on infrastructure investments and has been amongst the earliest investors in this sector in India with its proprietary investment in IDFC. AIG through its funds has also made substantial direct investments in India’s infrastructure covering telecom, toll roads, bridges, energy etc. AIG is committed to investment in India’s infrastructure and is looking at increasing its exposure to this sector.”

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