AIG India raises entry fee on four funds

MUMBAI, May 16 (Reuters) - AIG Global Asset Management Co (India) Pvt Ltd said on Friday it will raise entry load payable on investments through the systematic investment or transfer plan routes in three of its funds to 2.25 percent from 1.25 percent.

It also said those redeeming units within one year would have to pay an exit fee of 1 percent. Currently, the exit fee is applicable on redemptions within two years.

The changes, all in regular plans of AIG India Equity, AIG Infrastructure and Economic Reform and AIG World Gold funds, will come into effect from June 1, the fund house said. (Reporting by Nishant Kumar; editing by Sunil Nair)