News: ABN AMRO future leaders fund debuts

(ACERC 16/05/2006) Mumbai - ABN AMRO Mutual Fund's ABN AMRO Future Leaders Fund has debuted at Rs 10.41 per unit as against a face value of Rs 10 per unit. The scheme re-opened for fresh investments and sales on Monday.

The New Fund Offering of ABN AMRO Future Leaders Fund closed on April 12, 2006 with subscriptions of over Rs 665 crore from more than 74,000 investors.

ABN AMRO Future Leaders Fund is an open-ended equity scheme was launched on March 13, 2006. The objective of the scheme is to seek to generate long-term capital appreciation by investing primarily in companies with high growth opportunities in the middle and small capitalization segment, defined as 'Future Leaders'.

The fund will emphasize on companies that appear to offer opportunities for long-term growth and will be inclined towards companies that are driven by dynamic style of management and entrepreneurial flair.

The fund will charge now entry load of 2.25 per cent in respect of each subscription / switch in of units for an amount less than Rs 5 crore. No entry load is payable for switch-in from other equity schemes of ABN AMRO Mutual Fund into the scheme. CDSC of 1.5 per cent for investments less than Rs 5 crore, if redeemed within 6 months and 0.75 per cent if redeemed after 6 months but before 12 months from date of allotment. CDSC of 2.25 per cent for investments equal to Rs 5 crore and above if redeemed within 12 months from date of allotment.