India fund scoops monthly award

RaboDirect.ie announced this week its April 2007 Fund of the Month as the Blackrock Merrill Lynch IIF India fund.

The fund has a reduced entry fee of 0.25% down from 0.75% for the month of April and has an A rating from Standard & Poor’s.

The fund seeks long-term capital appreciation by investing at least 70% of its total net assets in equity and equity-related securities of issuers domiciled in India. The fund is denominated in US dollars.