AIG Investments launches the AIG SIP Calculator

Mumbai, October 16, 2007: AIG Investments today announced the launch of the AIG SIP Calculator - a first-of-its-kind service which can be downloaded on any GPRS enabled mobile phone having internet access. To activate this service on one’s mobile phone, all a person needs to do is to simply SMS ‘AIGSIP’ to 56767 or visit www.aiginvestments.co.in. Once downloaded, the AIG SIP Calculator will continue to reside on one’s mobile phone, just like any other application, and can be accessed anytime, anywhere.

Through this service, an investor can calculate the future value of his investment based on key inputs like installment amount, expected rate of return, frequency of investment and number of years. He will also be able to calculate the monthly contribution required in order to achieve his targeted goal. The service will also benefit distributors since they will now have the added convenience of advising clients by simply accessing the AIG SIP Calculator on their mobile phones anytime, anywhere.

Commenting on the launch, Mr. Saurabh Sonthalia, Chief Executive Officer, AIG Global Asset Management Company (India) Private Limited said "We are pleased to launch this technological innovation in promoting the concept of long-term wealth creation through Systematic Investment Plans (SIPs). AIG Investments understands the significance of prudent investment practices, and believes that the SIP is an excellent tool for an individual investor to take a long term exposure in equity markets. To promote this, we are already offering an entry load of only 1.25% in AIG India Equity Fund, if invested through an SIP. The AIG SIP Calculator will be another step in the direction of promoting the sound prudent practices of investing through SIP".

The AIG SIP Calculator will be activated from Tuesday, October 16, 2007.

About AIG Investments

AIG Investments is a global leader in asset management with extensive capabilities in equity, fixed income, hedge, private equity and real estate investments. Member companies of AIG Investments manage nearly US $712 billion in assets and employ over 2,000 professionals in 44 offices around the world as of 30 June, 2007. AIG Investments is the asset management arm of American International Group, Inc. (NYSE:AIG).

Scheme Classification: An open-ended equity scheme. Investment objective: The primary objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives. Asset Allocation Pattern: Equities and equity related securities: 80%-100%; Debt and money market securities / instruments / funds: 0%-20%. Terms of issue: Units of the Scheme(s) are being offered at NAV based prices, subject to the prevailing loads (if any). Offer document, Key Information Memorandum and Application Forms / Transaction Slips available at the ISCs / distributors. Load Structure: Retail Plan: Entry load: 2.25% for purchase of units less than Rs. 5 crore; Nil for purchase of units equal to or greater than Rs. 5 crore; Exit load: For investments less than Rs. 5 crore - 1.00%, if redeemed within 1 year from the date of allotment; For investments of Rs. 5 crore and above - 0.50% if redeemed within 6 months from date of allotment. Institutional Plan: Entry load: Nil; Exit load: 0.50% if redeemed within 6 months from date of allotment. *Purchase through SIP/ STP (Applicable only in Regular Plan) Entry Load: 1.25% of the Applicable NAV. Exit Load: If the units are redeemed within 2 years from the date of allotment - 1.00% of the Applicable NAV, If the units are held for 2 years or more from the date of allotment - Nil. General Services: Investors can contact us on our toll-free number 1800 425 3444. NAVs will be calculated and published on all Business days.

Risk Factors: Mutual funds, like securities investments, are subject to market risks and there is no guarantee against loss in the Scheme or that the Schemes’ objectives will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on various factors and forces affecting the securities markets. Past performance of the Sponsor or mutual funds managed by the Sponsor or its affiliates does not indicate the future performance of the Schemes. Investors in the Scheme are not being offered a guaranteed or assured rate of return. The Scheme does not guarantee or assure any dividend and also does not guarantee or assure that it will make any dividend distribution, though it has every intention to make the same. All dividend distributions are subject to the investment performance of the Scheme. AIG India Equity Fund is the name of the Scheme and does not, in any manner, indicate the quality of the Scheme, its future prospects or returns. Investments in the Scheme will be affected by trading volumes, settlement periods, volatility, price fluctuations, and inability to sell securities, disinvestment of holdings of any unlisted stocks prior to target date of disinvestment, credit risk and interest rate risk. The Scheme and individual Plan with a separate portfolio, if any, under the Scheme shall have a minimum of 20 investors and no single investor shall account for more than 25% of the corpus of the Scheme/Plan. In case of non-fulfillment with either of the above two conditions, specified SEBI Guidelines in this regard would be complied with. Please read the Offer Document before investing.

Statutory Details: AIG Global Investment Group Mutual Fund (.the Fund.) has been established as a trust under the Indian Trusts Act, 1882, sponsored by AIG Capital Corporation (liability restricted to Rs. 1 lakh). AIG Trustee Company (India) Private Limited, a company incorporated under the Companies Act, 1956, with a limited liability is the Trustee to the Fund. AIG Global Asset Management Company (India) Private Limited, a company incorporated under the Companies Act, 1956, with a limited liability is the Investment Manager to the Fund.

AIG Investments is a group of international companies that provide investment advice and market asset management products and services to clients around the world. AIG Investments is a service mark of American International Group, Inc. (AIG). Services and products are provided by one or more affiliates of AIG.

Back «