ING Vysya Mutual Fund has launched another liquid fund- ING Vysya Liquid Plus Fund. The new fund offer was just open for a day, on March 20, 2007. The primary objective of the scheme is to provide an investment avenue for investors preferring good liquidity and short investment horizon.
Around 65-100% of the portfolio will be in money market instruments and 0-35% in debt instruments. The fund offers Regular and Institutional Plan with Bonus, Dividend and Growth as sub-options. The minimum subscription amount for Regular and Institutional Plan would be Rs 5000 and Rs 1 crore, respectively.
The fund would be managed by Mr.Ramanathan K and the scheme’s performance would be benchmarked against Crisil Liquid Fund Index. The fund will not charge any entry or exit load.