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ABN AMRO Mutual launches Future Leaders Fund

Our Bureau

Targets asset base of over $1 billion; awaits SEBI nod for PMS


NEW LEADERS: Mr Nikhi Johri (right), Executive Director, ABN AMRO Asset Management, and Mr Mihir Vora, Fund Manager, at a press conference during the launch of `ABN AMRO Future Leaders Fund' in Mumbai on Monday. - Shashi Ashiwal

Mumbai , March 13

ABN AMRO Mutual Fund is targeting assets under management of over $1 billion by the end of 2006, according to Mr Nikhil Johri, Executive Director, ABN AMRO Asset Management Ltd.

The asset management company is also expected to launch its portfolio management service shortly; its application is pending with the Securities and Exchange Board of India.

Mr Johri was speaking at the launch of the ABN AMRO Future Leaders Fund - an equity fund that will invest in small and mid-cap companies.

The ABN AMRO Future Leaders fund will emphasise on companies that appear to offer opportunities for long-term growth and will be inclined towards companies that are driven by a dynamic style of management and entrepreneurial flair, according to a company press release.

The new fund offer remains open till April 7.

The scheme charges no entry load for investments during the new fund offer.

The minimum investment to the fund is Rs 5000 under both growth and dividend options.

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