ING MF launches new bond scheme
ING Mutual Fund today announced a close-ended bond scheme, ING Fixed Maturity Fund Series XXXII, whose new fund offer (NFO) opens tomorrow and closes on September 10.
By PTI |
MUMBAI: ING Mutual Fund today announced a close-ended bond scheme, ING Fixed Maturity Fund Series XXXII, whose new fund offer (NFO) opens tomorrow and closes on September 10.
The allotment date has been fixed on September 1 and investors will have the choice of three options, dividend, bonus and growth, a release from the fund house said here.
The minimum application amount under the retail plan is Rs 5,000 and in multiples of Re 1 thereafter.
The scheme offers an investment plan of 368 days maturity, investing in a portfolio of government securities or highly-rated corporate bonds maturing close to the maturity of the scheme so as to generate returns comparable with alternative fixed-income instruments of similar maturity.
The scheme will invest in-debt securities with maturity coinciding closely with that of the scheme, so as to minimise the impact of price fluctuation of such securities and the value at maturity, it said.
Nearing the maturity of the scheme, the fund may invest 100 per cent of the portfolio in debt and money-market instruments to protect the interest of the investors.
It is benchmarked against the Crisil Liquid Fund Index.
The allotment date has been fixed on September 1 and investors will have the choice of three options, dividend, bonus and growth, a release from the fund house said here.
The minimum application amount under the retail plan is Rs 5,000 and in multiples of Re 1 thereafter.
The scheme offers an investment plan of 368 days maturity, investing in a portfolio of government securities or highly-rated corporate bonds maturing close to the maturity of the scheme so as to generate returns comparable with alternative fixed-income instruments of similar maturity.
The scheme will invest in-debt securities with maturity coinciding closely with that of the scheme, so as to minimise the impact of price fluctuation of such securities and the value at maturity, it said.
Nearing the maturity of the scheme, the fund may invest 100 per cent of the portfolio in debt and money-market instruments to protect the interest of the investors.
ADVERTISEMENT
It is benchmarked against the Crisil Liquid Fund Index.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
