ING Vysya Mutual Fund is launching a bond fund called Select Debt Fund. The Fund will only invest in corporate bonds having credit rating of AA and AAA.
Fund Details:
Initial Issue Opens - July 30, 2004
Initial Issue Closes – August 23, 2004.
Minimum Investment Amount – Rs 2,000 and in multiples of Re 1 thereafter.
Minimum Additional Investment – Rs 1,000 and in multiples of Re 1 thereafter.
Entry Load – Nil.
Exit Load – 1 per cent if investments are redeemed within 6 months.
Benchmark – CRISIL Composite Bond Fund Index.
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