AIG India Quarterly Interval Fund tops MFs last week


Bangalore: AIG India Quarterly Interval Fund led the mutual fund schemes last week with a growth rate of 7.0487 percent. As on August 20, the net asset value (NAV) of the scheme was 1165.87. AIG India Quarterly Interval Fund is an Interval Growth Scheme with a primary investment objective to generate returns while endeavoring to manage interest rate volatility over the interval period through a portfolio of fixed income securities. There is no assurance that the objective of the scheme will be realized and the scheme does not assure or guarantee any returns. According to mutualfundsindia.com, other mutual funds which followed AIG India Quarterly Interval Fund are HDFC Gold Exchange Traded Fund, Birla Sun Life Buy India Fund - Growth, Sundaram BNP Paribas Media & Entert Opportunities Fund - Retails - Growth and JM Financial Services Sector Fund - Growth with growth rates of 4.0683, 4.0178, 3.828 and 3.8111 respectively. As on Jun 30, 2010, the fund size of the AIG India Quarterly Interval Fund was 0.05 crore. Ruchir Parekh is the Fund Manager of the scheme.