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Friday, January 30, 2009

AIG MF announces changes in Investment Pattern of Liquid Fund

Change will be on a prospective basis

AIG Mutual Fund has announced changes in the characteristics of investment pattern of AIG India Liquid Fund an open ended liquid scheme.

In accordance with Sebi circular date 19 January 2009, the investment pattern indicating characteristics of the portfolio of the AIG India Liquid Fund have been revised as follows:

i) With effect from 01 February 2009, the scheme shall make investments in / purchase debt and money market securities with maturity of upto 182 days only.

ii) With effect from 01 May 2009, the scheme shall make investments in / purchase debt and money market securities with maturity of upto 91 days only.

iii) Inter-Scheme transfers of securities having maturity upto 365 days and held in other schemes as on 01 February 2009 shall be permitted till 31 October 2009.

iv) With effect from 01 November 2009 such inter scheme transfer will be permitted for securities having a maturity of upto 91 days only.

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