ABN AMRO Mutual Fund Merger

Hii sir, I Wants to get the Information About the Merger of the ABN AMRO Bank Mutual Fund ?

[sumit]

As you Asking for the Information About the Merger of the ABN AMRO Bank Mutual Fund the Information About the Merger is given below

Merger of the ABN AMRO Bank Mutual Fund

A consortium comprising of The Royal Bank of Scotland Group plc, Fortis S.A./N.V. and Banco Santander S.A. acquired the entire share capital of ABN AMRO Holding N.V. (the ultimate parent company of the sponsor) in October 2007 through a public offer

The Securities and Exchange Board of India (SEBI) has vide its letter dated October 03, 2008, conveyed its no-objection to the above changes.

The names of the schemes shall be changed with effect from November 10, 2008, and the prefix ABN AMRO will get replaced by Fortis .

The investors under the schemes of the fund house shall be given an exit option on the prevailing NAV without any exit load from October 10, 2008 to November 09, 2008.

This follows the global integration of ABN AMRO Asset Management with Fortis
Investments in the second quarter of 2008 and the completion of all regulatory
processes and procuring necessary clearances in India.


Result of the Merger

As a result of the global merger, Fortis Investments now has expanded both its
investment capabilities and its operational platforms. It manages assets of EUR 192.4
billion (as of September 30, 2008) making it one of the world s leading asset managers

in terms of both size and investment offering. It has an extensive reach in terms of
dominance and scale in Europe, a large presence in the Americas and a substantial
position in Asia. Fortis Investments has a global network of 40 dedicated investment
centres in over 30 countries