AIG Investments launches AIG Short Term Fund
AIG Investments on Monday announced the launch of AIG Short Term Fund, an open ended income scheme which will invest in short to medium term debt and money market securities.
By INDIATIMES NEWS NETWORK |
MUMBAI: AIG Investments on Monday announced the launch of AIG Short Term Fund, an open ended income scheme which will invest in short to medium term debt and money market securities.
The New Fund Offer will be open for purchase from Feb 29 to Mar 4, and will re-open for ongoing purchase/redemption no later than Mar 14. The fund will be managed by Sandeep Bagla, Chief Investment Officer - Fixed Income, AIG Global Asset Management Company (India).
���Investors will benefit by investing in a fresh short term fund like the AIG Short Term Fund in March, a month when historically interest rates have tended to be artificially high on the back of tight liquidity. Over a 2-3 month period, these interest rates on short to medium term corporate bonds tend to come down, leading to capital gains and handsome returns for investors,��� said Bagla.
Saurabh Sonthalia, Chief Executive Officer, AIG Global Asset Management Company, said, ���AIG Short Term Fund is our third fixed income product. Both the previous products ��� AIG India Liquid Fund and AIG India Treasury Plus Fund - have done very well vis-a-vis their peer group without diluting credit quality. These schemes are rated AAAf by CRISIL. The new fund has been assigned provisional rating of MfAAA by ICRA.���
The New Fund Offer will be open for purchase from Feb 29 to Mar 4, and will re-open for ongoing purchase/redemption no later than Mar 14. The fund will be managed by Sandeep Bagla, Chief Investment Officer - Fixed Income, AIG Global Asset Management Company (India).
���Investors will benefit by investing in a fresh short term fund like the AIG Short Term Fund in March, a month when historically interest rates have tended to be artificially high on the back of tight liquidity. Over a 2-3 month period, these interest rates on short to medium term corporate bonds tend to come down, leading to capital gains and handsome returns for investors,��� said Bagla.
Saurabh Sonthalia, Chief Executive Officer, AIG Global Asset Management Company, said, ���AIG Short Term Fund is our third fixed income product. Both the previous products ��� AIG India Liquid Fund and AIG India Treasury Plus Fund - have done very well vis-a-vis their peer group without diluting credit quality. These schemes are rated AAAf by CRISIL. The new fund has been assigned provisional rating of MfAAA by ICRA.���
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