ING Mutual Fund has announced the change in name, investment objective, load structure and asset allocation pattern on ING Liquid Call Fund. In order to expand the mandate to enable the fund manager to invest in high yielding securities, change will come into effect from 03 January 2009. Hereafter, the name of the scheme will be ING High Yield Liquidity Fund. The primary objective of the scheme is to generate attractive income by investing into a diversified portfolio of high yielding fixed income securities and money market instruments of varying maturities.
The scheme will charge the entry load of 5% and will not charge any exit load. The scheme will invest its entire corpus in money market instruments, securities issued/guaranteed by the central, state governments and local Governments and obligations of banks and development financial institutions with low to medium risk profile and 100% in debt securities with high risk profile.
The scheme will charge the entry load of 5% and will not charge any exit load. The scheme will invest its entire corpus in money market instruments, securities issued/guaranteed by the central, state governments and local Governments and obligations of banks and development financial institutions with low to medium risk profile and 100% in debt securities with high risk profile.
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