AIG World Gold Fund tops MF schemes last week
Monday, 12 April 2010, 18:10 IST
By SiliconIndia
By SiliconIndia
Bangalore: In the week ended April 9, 2010, the open ended AIG World Gold Fund topped the mutual fund (MF) schemes with as growth rate of 2.88 percent. As on April 8, the net asset value (NAV) of the scheme is Rs. 11.83.
The primary investment objective of the scheme is to provide long term capital appreciation by investing predominantly in units of AIG PB Equity Fund Gold. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes. The Scheme may also invest a certain portion of its corpus in debt and money market securities and/or units of debt/liquid schemes of Mutual Funds, in order to meet liquidity requirements from time to time. According to mutualfundsindia.com, the other schemes which followed AIG World Gold Fund are JPMorgan JF Greater China Equity Offshore Fund, ING OptiMix Multi Manager Equity Fund and Bharti AXA Liquid Fund with growth rates of 1.1, 0.47 and 0.34 percent respectively.
As on March 30, 2010, the size of the fund was Rs.202.67 crore. Ruchir Parekh is the Fund Manager of the scheme which has face value of Rs.10 per unit. The entry lead of the scheme is zero percent.
The primary investment objective of the scheme is to provide long term capital appreciation by investing predominantly in units of AIG PB Equity Fund Gold. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes. The Scheme may also invest a certain portion of its corpus in debt and money market securities and/or units of debt/liquid schemes of Mutual Funds, in order to meet liquidity requirements from time to time. According to mutualfundsindia.com, the other schemes which followed AIG World Gold Fund are JPMorgan JF Greater China Equity Offshore Fund, ING OptiMix Multi Manager Equity Fund and Bharti AXA Liquid Fund with growth rates of 1.1, 0.47 and 0.34 percent respectively.
As on March 30, 2010, the size of the fund was Rs.202.67 crore. Ruchir Parekh is the Fund Manager of the scheme which has face value of Rs.10 per unit. The entry lead of the scheme is zero percent.
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