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AIG World Gold Fund tops MF scheme last week
By siliconindia
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Tuesday, 13 October 2009, 22:03 IST
Bangalore: 'AIG World Gold Fund - Growth' tops the mutual fund scheme last week. In the week ended October 09, 2009, the value of AIG scheme went up by 10.25 percent with the net asset value (NAV) of 
11.62. Ruchir Parekh is the Fund Manager of this open ended scheme, which had a market size of 264.46 crore as on Sep 30, 2009.
The objective of the scheme is to provide long term capital appreciation by investing predominantly in units of AIG PF Equity Fund Gold. The scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes. According to mutualfundsindia.com, other funds which followed AIG World Gold Fund in top list for the last week are ING Latin America Equity Fund, ING Optimix Global Commodities Fund and PRINCIPAL Global Opportunities Fund with a growth rate of 3.68, 2.80 and 0.67 percent respectively.
A new investment theory is gaining favor with wealth managers and mutual funds, something that could soon replace the conventional systematic investment plans (SIP) strategy. Termed value averaging investment (VAI), the technique allows investors to determine the size of investment needed (at the time of investing) to get desired returns. Value averaging works much like rupee cost averaging, which forms the basis of systematic investment plans.
11.62. Ruchir Parekh is the Fund Manager of this open ended scheme, which had a market size of 264.46 crore as on Sep 30, 2009.
The objective of the scheme is to provide long term capital appreciation by investing predominantly in units of AIG PF Equity Fund Gold. The scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes. According to mutualfundsindia.com, other funds which followed AIG World Gold Fund in top list for the last week are ING Latin America Equity Fund, ING Optimix Global Commodities Fund and PRINCIPAL Global Opportunities Fund with a growth rate of 3.68, 2.80 and 0.67 percent respectively.
A new investment theory is gaining favor with wealth managers and mutual funds, something that could soon replace the conventional systematic investment plans (SIP) strategy. Termed value averaging investment (VAI), the technique allows investors to determine the size of investment needed (at the time of investing) to get desired returns. Value averaging works much like rupee cost averaging, which forms the basis of systematic investment plans.