AIG MF files offer documents with Sebi
Name of Fund: AIG Fixed Maturity Plans
Scheme: A close-ended income scheme.
Objective:
The objective of the scheme is to generate returns while endeavoring to
manage interest rate volatility over the maturity period through a
portfolio of fixed income securities.
Schemes available under the
plan: AIG Fixed Maturity Plan-3M- Series 1, 2 and 3, AIG Fixed Maturity
Plan-Half Yearly ? Series 1, 2 and 3, AIG Fixed Maturity Plan-24M
-series 1 and 2 and AIG Fixed Maturity Plan-36M- Series 1 and 2.
Investment Options: Each of the above schemes will offer two plans i.e.
Retail & institutional plan with growth and dividend option. The
dividend option offers only dividend payout facility.
Asset
Allocation: The fund will invest its entire corpus in debt and money
market securities. Debt securities include securitised debts upto 75%
of the net assets. The scheme may invest in derivative up to 100% of
the net assets of the scheme for the purpose of hedging and portfolio
balancing purpose.
NFO price: Rs 10 per unit
Entry Load: The scheme will not charge any entry load
Exit
Load: The scheme will charge upto 3.00% as an exit load if redeemed
before maturity of the scheme. And no exit charges will be levied for
redemptions on maturity.
Minimum Investment Amount: The minimum
investment amount under regular plan is Rs 10, 000 and multiples of Re
1 thereafter. For Institutional plan the minimum subscription amount is
Rs 1 crore and multiples of Re 1 thereafter.
Minimum Target amount: The Fund seeks to collect a minimum subscription amount of Rs 1 crore under each series during NFO.
Benchmark Index:
AIG
Fixed Maturity Plan-3M- Series 1, 2 and 3 & AIG Fixed Maturity
Plan-Half Yearly ? Series 1, 2 and 3: Crisil Liquid Fund Index
AIG Fixed Maturity Plan-24M -series 1 and 2 and AIG Fixed Maturity Plan-36M- Series 1 and 2: Crisil Short Term Bond Fund Index.
Fund Managers: Ruchir Parekh will manage the fund.
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