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Friday, March 20, 2009

AIG MF declares dividends

Record date for dividend is 25 March 2009

AIG Mutual Fund has approved the declaration of dividend in the quarterly dividend option of the retail plan of AIG India Liquid Fund, an open ended liquid scheme and the quarterly dividend option of the retail plan of AIG India Treasury Fund, an open ended income scheme.

The fund house has decided to distribute 100% distributable surplus as dividends in both schemes respectively on the record date of 25 March 2009.

The scheme recorded NAV of Rs 1017.4190 per unit in AIG India Liquid Fund-Retail Plan-Quarterly Dividend Option (face value of Rs 1000 per unit) and NAV of Rs 10.1837 per unit (face value of Rs 10 per unit) in AIG India Treasury Fund- Retail Plan-Quarterly Dividend Option as on 18 March 2009.

AIG India Liquid Fund is an open ended liquid scheme with an investment objective to generate a reasonable return commensurate with low risk and a high degree of liquidity, from portfolio constituted of money market securities and short term debt securities.

AIG India Treasury Fund is an open ended income scheme with an investment objective to generate optimal returns commensurate with low risk and a high liquidity, from a portfolio constituted of debt securities and money market securities.

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