AIG World Gold Fund tops MFs last week

By SiliconIndia   |   Monday, August 30, 2010   |    1 Comments
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Bangalore: AIG World Gold Fund led the mutual fund schemes last week with a growth rate of 1.3367 percent. As on August 26, the net asset value (NAV) of the scheme was Rs.13.267. AIG World Gold Fund is an open ended growth fund with a primary investment objective to provide long term capital appreciation by investing predominantly in units of AIG PB 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. The Scheme may also invest a certain portion of its corpus in debt and money market securities and/or units of debt/liquid schemes of Mutual Funds, in order to meet liquidity requirements from time to time. According to mutualfundsindia.com, other mutual funds which followed AIG World Gold Fund are Birla Sun Life Commodity Equities Fund - Gbl Pre Metals - Retail - Growth, Religare Gold Exchange Traded Fund, Reliance Gold Exchange Traded Fund - Dividend and UTI Gold Exchange Traded Fund with growth rates of 1.0433, 0.8955, 0.8943 and 0.8943 respectively. As on July 30, 2010, the fund size of the AIG World Gold Fund was Rs.196.25 crore. Ruchir Parekh is the Fund Manager of the scheme.
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