AIG India Liquid Fund is an open-ended liquid scheme that seeks to deliver optimum returns commensurate with high liquidity and low credit risk.
This scheme is meant for investors to deploy their funds for a short period of time.
| Structure |
An Open Ended Liquid Scheme with three plans:
 Retail Plan
Institutional Plan
Super Institutional Plan
All the above plans will have a common portfolio. However, the returns under each Plan are expected to vary having regard to the specified expense ratio under the relevant Plan.
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| Investment Objective |
The primary investment objective of the Scheme is to seek to generate a reasonable return commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and short term debt securities.
However, there is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
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| Asset Allocation |
| Types of Instruments |
Normal Allocation
(% of net assets)
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Risk Profile |
| Minimum |
Maximum |
| Money Market Instruments with maturity of upto 91 days |
0% |
100% |
Low to Medium |
| Debt instruments* with maturity of upto 91 days |
0% |
100% |
Low to Medium |
*Debt securities may include securitized debts upto 50% of the net assets. In accordance to the SEBI Circular dated January 19, 2009:
- Inter-scheme transfers of securities having maturity of upto 365 days and held in any schemes of the Fund as on February 1, 2009 will be permitted till October 31, 2009.
- With effect from November 1, 2009, inter-scheme transfers into AIG India Liquid Fund will be permitted for debt and money market securities with maturity of upto 91 days only.
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| Benchmark for performance comparison |
CRISIL Liquid Fund Index. |
| Options available under each Plan |
The Scheme offers Growth option, Bonus Option and Dividend option. The Dividend option offers:
Dividend Payout Option
Monthly - 25th of every month
Quarterly - 25th of every calendar quarter end
Dividend Reinvestment Option
Daily
Weekly - Every Monday
Monthly - 25th of every month
Quarterly - 25th of every calendar quarter end
In case of Monthly and Quarterly dividend options, if any of the day(s) mentioned is a non Business Day, the dividend will be declared on the next Business Day. The dividend will be declared subject to availability and adequacy of distributable surplus.
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| Minimum Application Amount |
Retail: Rs. 10000/-
Institutional: Rs. 1 Cr
Super Institutional: Rs. 10 Crs
In the case of transactions through STP, the minimum installment amount shall be Rs. 1,000/-.
The minimum amount in case of inter/ intra scheme (inter plan/inter option) switches shall be the minimum amount required in the respective transferee scheme/plan.
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| Minimum Additional Application Amount |
Retail: Rs. 10000/- and in multiples of Re 1 thereafter
Institutional: Rs 1 Lac and in multiples of Re 1 thereafter
Super Institutional: Rs 10 Lac and in multiples of Re 1 thereafter
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| Minimum Amount / Units for Redemption |
The minimum amount for redemption must be Rs. 1000/- or account balance whichever is less. |
| Load Structure |
Entry Load* – Not Applicable
Ongoing Offer Period Exit Load - Nil
Contingent Deferred Sales Charge - Nil
Inter–Scheme Switch - At the applicable loads in the respective schemes
Intra–Scheme Switch (Inter Plan/ Inter Option) - Nil
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.
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| Facilities Offered to Investors under the Scheme |
Systematic Withdrawal Plan (SWP)
Systematic Transfer Plan (STP)
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| Service Features |
Dedicated Investor Service Desk for Corporate Clients.
Direct Debit / Credit facility available with ABN AMRO Bank, AXIS Bank, Citibank, HDFC Bank, HSBC, IDBI Bank, ICICI Bank, Kotak Mahindra Bank and Standard Chartered Bank.
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| Fund Manager |
Vikrant Mehta |
Current Expense Ratio
(Effective Date: 25 Feb 2009)
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Retail Plan: 0.70%
Institutional Plan: 0.40%
Super Institutional Plan: 0.30%
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