AIG WORLD GOLD FUND - by Hyderabad_guy
Offer open: Till 15 May 2008Scheme type: Open-ended fund of funds equity
Minimum investment: Rs 5,000; unit price: Rs 10
Loads: Entry load: 2.25%. Exit load: 1% (if less than one year)
Options: Growth and dividend (payout and reinvestment)
FUND STATS
Objective: To provide long-term capital appreciation by investing in the AIG PB Equity Gold Fund and other similar overseas mutual fund schemes.
Benchmark: Financial Times Gold Mines Total—Price Index, in US dollar is the benchmark of AIG PB Equity Gold Fund. The above converted to rupee using the RBI reference rate will be the benchmark of the AIG World Gold Fund.
Who should apply: Investors who want to benefit from the global demand for gold by investing in the precious metal and in companies involved in its production.
Remember: The only other fund in India with a similar idea has in its short life span generated very good returns. But there is no assurance that this scheme would generate the same kind of returns.