ING Mutual Fund (MF) has filed papers with Securities and Exchange Board of India (SEBI) for ING US Opportunistic Equity Fund, an open-ended fund of fund scheme. The units of the scheme will be available at Rs 10 per unit.
Objective
ING US Opportunistic Equity Fund`s primary investment objective is to seek capital appreciation by investing predominantly in ING (L) Invest US Opportunistic Equity Fund. The scheme may, at the discretion of the investment manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The scheme may also invest a certain portion of its corpus in money market securities, in order to meet liquidity requirements from time to time.
What is Inside?
The minimum application amount is Rs 900 and Rs 1 thereafter.
The scheme offers growth option and dividend option. The dividend option shall have payout and reinvestment facility.
The scheme will offer for redemption of units at daily intervals at NAV based prices.
The scheme will charge an entry load of 2.5% and exit load of 2% if redeemed within and including 365 days from date of investment and 1% if redeemed after 365 days but before 2 years.
Asset Allocation
The scheme aims at investing 65% to 100% in ING (L) Invest US Opportunistic Equity Fund, 0% to 20% in money market instruments including reverse repo and 0% to 35% in other overseas mutual fund schemes.
Investment Strategy
The ING US Opportunistic Equity Fund in India will act as a feeder fund into the Luxembourg based ING (L) Invest US Opportunistic Equity Fund.
The investment strategy of the Luxembourg based fund is to identify and invest primarily in a diversified portfolio of big capitalisations issued by companies established, listed or traded or which have a major portion of their business activity in the United States of America. The fund`s approach encompasses bottom-up investment process supported by top-down macroeconomic analysis and quantitative screening. The investment process will aim to add value by also following theme based approach which shall enable to capture all relevant long term growth drivers. Up to 50% of the portfolio`s foreign currency exposures may be hedged back into the USD as and when permitted by RBI and SEBI from time to time.
Performance and Management
The performance of the scheme will be measured against S&P 500 Index and the fund manager is Jasmina Parekh.
Objective
ING US Opportunistic Equity Fund`s primary investment objective is to seek capital appreciation by investing predominantly in ING (L) Invest US Opportunistic Equity Fund. The scheme may, at the discretion of the investment manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The scheme may also invest a certain portion of its corpus in money market securities, in order to meet liquidity requirements from time to time.
What is Inside?
The minimum application amount is Rs 900 and Rs 1 thereafter.
The scheme offers growth option and dividend option. The dividend option shall have payout and reinvestment facility.
The scheme will offer for redemption of units at daily intervals at NAV based prices.
The scheme will charge an entry load of 2.5% and exit load of 2% if redeemed within and including 365 days from date of investment and 1% if redeemed after 365 days but before 2 years.
Asset Allocation
The scheme aims at investing 65% to 100% in ING (L) Invest US Opportunistic Equity Fund, 0% to 20% in money market instruments including reverse repo and 0% to 35% in other overseas mutual fund schemes.
Investment Strategy
The ING US Opportunistic Equity Fund in India will act as a feeder fund into the Luxembourg based ING (L) Invest US Opportunistic Equity Fund.
The investment strategy of the Luxembourg based fund is to identify and invest primarily in a diversified portfolio of big capitalisations issued by companies established, listed or traded or which have a major portion of their business activity in the United States of America. The fund`s approach encompasses bottom-up investment process supported by top-down macroeconomic analysis and quantitative screening. The investment process will aim to add value by also following theme based approach which shall enable to capture all relevant long term growth drivers. Up to 50% of the portfolio`s foreign currency exposures may be hedged back into the USD as and when permitted by RBI and SEBI from time to time.
Performance and Management
The performance of the scheme will be measured against S&P 500 Index and the fund manager is Jasmina Parekh.
No comments:
Post a Comment