ING Vysya Mutual Fund has launched two new schemes ING Vysya MIP and ING Vysya Nifty Plus. The schemes would be open for subscription from Janaury 12, 2004 to February 6, 2004.
ING Vysya MIP Fund has two plans A and B. Plan A is a pure debt MIP fund. Plan B will invest upto 20% in equity markets. The investment in equities will be primarily through the ING Vysya Nifty Plus Fund.
The Nifty Plus fund will invest not less than 70% in the Nifty index, and upto 30% in stocks which are drawn from the Nifty universe.