ING Mutual revises fundamental attributes of ING Midcap, Nifty Plus and Liquid Fund | Value Research ING Mutual Fund has announced revision in fundamental features of ING Midcap Fund, ING Nifty Plus Fu
Fund News

ING Mutual revises fundamental attributes of ING Midcap, Nifty Plus and Liquid Fund

ING Mutual Fund has announced revision in fundamental features of ING Midcap Fund, ING Nifty Plus Fund and ING Liquid Fund with effect from March 25, 2011.

ING Midcap Fund
Investment objective: The fund seeks to invest at least 65% of its total assets in Mid Cap stocks. Companies that have a market capitalization in line with the range specified in the CNX Midcap Index would constitute the investment universe of the Mid Cap portion of the portfolio.
Indicative Asset Allocation: The scheme would allocate 65% to 100% of assets in equity and equity related instruments of mid cap companies and upto 35% in companies which are not mid caps. Upto 25% of assets would be allocated in money market instruments.

ING Nifty Plus Fund
The scheme will be renamed as ING Large Cap Equity Fund.
Investment Objective: The net assets of the scheme will be invested predominantly in stocks constituting the S&P CNX Nifty Index and / or in exchange traded derivatives on the S&P CNX Nifty Index. A small portion of the net assets may also be invested in the securities other than that constituted in the S&P CNX Nifty Index. The scheme may also invest in money market instruments.
Indicative Asset Allocation: 70% to 100% of the assets would be allocated in securities constituting the S&P CNX Nifty Index and / or in exchange traded derivatives on the S&P CNX Nifty Index. Upto 20% of the assets would be allocated in securities other than constituents of S&P CNX Nifty Index. Upto 30% of assets would be allocated in cash & money market instruments.

ING Liquid Fund
Indicative Asset Allocation: The scheme would allocate upto 100% of assets in money market instruments, debt securities, securities issued / guaranteed by Central or State Governments, and obligations of banks and development finance institutions with residual maturity of up to 91 days.

Investors who want to exit, can redeem their units from February 23, 2011 to March 24, 2011, without paying any exit load.




Other Categories