AIG To Roll Out Liquid, Tax Saving Fund

After the launch of its maiden scheme AIG India Equity Fund in the India mutual fund market, the AIG Global Investment Group (AIGGIG) is looking at rolling out two more funds by 2007-end. The company plans to launch its third product by the year-end. Our third product will be a Tax Saving Fund, which we plan to launch by December 2007, adds Sonthalia. According to the company, the new funds are in line with the market trends and to provide investors with various options. While through its maiden scheme AIG India Equity Fund - the company aims to garner approximately Rs 1,000 to Rs 2,000 crore. The new fund offer opened for purchase from May 3 to May 31. We will commit $10 million in this fund. AIG India Equity Fund is an open-ended diversified equity fund with no biases