Mumbai: SEBI-registered foreign institutional investor, AIG Global Investment Group, will put its money in stocks which are in the portfolio of its mutual fund arm, AIG Global Asset Management Company, the world'' largest institutional asset manager.

AIG would be launching its first equity diversified scheme, AIG India Equity Fund, very soon. The AMC has already filed its draft application with the Securities and Exchange Board of India and expects to launch the fund by May.

The global investor, who entered the country through its private equity business in 1997, has interests in real estate and consumer finance business. It also has an offshore development centre with around 500 employees and an insurance joint venture with the Tatas.

AIG would also replicate its global research standards for the Indian business. Its equity platform for investment communications system brings its research analysts on a single platform. The fund managers would use this.