The Hindu Business Line : ABN-Amro AMC unveils four schemes

Mr Nikhil Johri, Chief Operating Officer, ABN Amro Asset Management (India) Ltd (right), and Mr Mihir Vora, Vice-President, Equties, at a news conference in Mumbai on Friday. — Shashi Ashiwal

Mumbai , Aug. 6

ABN-Amro Asset Management (India) Ltd launched its first four products for the Indian market on Friday. These include an equity fund, monthly income plan, flexi debt scheme and a floating rate fund.

The initial public offer of these schemes remains open from August 9 to September 3.

The AMC is implementing its global investment management strategies in India, said Mr Nikhil Johri, Chief Operating Officer, ABN-Amro AMC.

Though currently, the AMC has only five branches across the country, this number would go up to 10 in the next six months, he said.

The schemes are offered at Rs 10 per unit at par value during the initial public offer.

ABN-Amro Equity Fund is a diversified equity fund that will have an investment bias towards large and medium market capitalisation companies.

The monthly income plan would invest 80 per cent of its assets under management in debt-related securities and the remaining 20 per cent in equities, said Mr Johri.

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