AIG Infrastructure and Economic Reform Fund (AIERF)
The AIG Infrastructure and Economic Reform Fund look forward to capitalize on infrastructure prospects and economic reforms by investing in companies which are likely to benefit from these expanded opportunities. This is the second most successful fund from AIG Investments next only to their other fund AIG India Equity Fund.
The fund was launched on 25 February, 2008. it invests in companies without any sector or market capitalization biases.
AIERF is an open ended scheme that invests in sectors like cement, capital goods, metals, banking or financial services, retail and investment.
There are many infrastructure theme based funds but to be successful, the fund may seek opportunities that go beyond primary infrastructure needs. It is not a regular theme based fund and is more diversified, thus carry lower risk.
SIP (systematic Investment Plan), STP (Systematic Transfer Plan) and SWP (systematic withdrawal plan) are the facilities offered under the scheme.
- Investment objective: the fund looks to gain long term capital appreciation from diversified portfolio of equity and equity related securities of companies which will benefit form infrastructure investments and unfolding economic reforms.
- Asset allocation: Equity and equity related securities: 80 % – 100%; Debt and money market instruments: 0% – 20%
- Plans: regular and Institutional
- Benchmark Index: BSE 100
- Scheme options: Growth and Dividend; with dividend giving payment and re-investment facilities
- Minimum application amount: for regular plans:
-For lump sum: Rs. 5000 and Rs. 5000 for subsequent purchases
-For SIP and STP: Rs. 1000 is the minimum installment amount
- Loads: entry load is NIL; Exit load is 1% if redeemed within 1 year from the date of allotment.
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