Some more Global Funds

More and more fund houses are jumping onto the bandwagon of launching mutual funds that will invest some part of the funds collected abroad

The different funds offered by AMCs under the similar investment style are Principal Global Opportunities, Kotak Global Emerging Market Fund, Sundaram BNP Paribas Global Advantage Fund, ICICI Prudential Indo Asia Equity Fund and DWS Global Thematic Offshore Fund.


Tata Indo Global Infrastructure Fund
This is a three year closed end equity fund which will automatically be converted into an open ended scheme after the expiry of three years from the date of allotment.

The scheme aims to generate long term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in infrastructure and infrastructure related sectors, which are incorporated or have their area of primary activity, in India and other parts of the world.

The fund mangers will focus on investment opportunities in Asia Pacific Region including India, Europe and Latin America and other growing economies.

The equity component will range between 65% - 85% of the portfolio while 15% - 35% will constitute foreign securities, debt and money market instruments will be in the range of 0% - 35%.

Snapshot:
Issue Opens: September 3, 2007
Issue Closes: October 16, 2007
Investment Options: Growth, Dividend Reinvestment and Payout
Minimum Investment: Rs 10000
Face Value: Rs 10
Benchmark: The benchmark would constitute 65% of BSE Sensex and 35% of MSCI World Index.


ABN AMRO China India Fund

This ian Open-ended fund that endeavors to generate long term capital appreciation by investing in equities of India and China by using top down/bottom up approaches in capturing stock opportunity. It will look for companies that may benefit from the anticipated long-term growth of the China & India economies.

In addition, the fund may also invest a limited proportion of its assets in other international equity and equity related securities.

The fund may invest 65 to 75% of its assets in Indian equity and equity related securities, 25 to 35% of it assets in Chinese equities and upto 10% of its assets in debt & money market instruments.

Snapshot:

Issue Opens: September 3, 2007
issue Closes: October 1, 2007
Face Value: Rs 10
Investment Options: Growth, Dividend Payout and Reinvestment
Entry Load: An entry load of 2.50% would be charged for investment less than 5 crores.
Exit Load: An exit load of 1% is payable if the units are redeemed or switched out within one year from the date of allotment, for investment less than 5 crores. For investments of 5 crores and more but less than 10 crores, an exit load of 0.50% is payable if the units are redeemed or switched out before March 15, 2008.
Minimum Investment Amount: Rs 5000
Benchmark Index: The benchmark will constitute 65% of BSE 200 and 35% of FTSE China International Index