ING MF launches OptiMix Active Short Term Fund
Name of Fund: OptiMix Active Short Term Fund
Scheme: Open-ended fund of funds scheme
Objective: The scheme aims to generate returns from a portfolio of debt funds with the average maturity period of the portfolio up to 18 months, accessed through the diverse investment styles of underlying schemes selected in accordance with the OptiMix Multi Manager Investment process.
Asset Allocation: The fund will invest around 90-100% in debt funds (including liquid funds, liquid plus funds, fixed maturity plans, short-term funds, floating rate funds and money market funds. The average maturity period of the portfolio of these funds would be up to 18 months). The scheme will invest 0-10% of its equity portfolio in money market securities.
Fund Opens: 3 March 2008
Fund Closes: 10 March 2008
Face Value: Rs.10
Investment Options: Growth and dividend option with dividend payout and reinvestment facility.
Entry Load: Nil
Exit Load: Nil
Minimum Investment Amount: The minimum investment amount is Rs. 5000 and in multiple of Rs 1 thereafter.
Minimum subscription amount: Rs 1 lakh
Benchmark Index: Crisil Liquid fund Index.
Fund Manager: Mr. Arvind Bansal
0 comments:
Post a Comment