ING Vysya MF Launches ZIP

ING Vysya Mutual Fund has come out with a new systematic investment vehicle called Zoom Investment Plan (ZIP). Under this plan, a fixed amount can be transferred on a daily basis from the growth option of ING Vysya Liquid Fund to any of the following equity schemes: ING Vysya Domestic Opportunities Fund, ING Vysya Select Stocks Fund, ING Vysya Nifty Plus Fund, ING Vysya Dividend Yield Fund, ING Vysya Midcap Fund, ING Vysya A.T.M Fund, ING Vysya L.I.O.N Fund and ING Vysya Tax Savings Fund.
To avail this facility, investor needs to have minimum investment of Rs.5000 in ING Vysya Liquid Fund and each transferable installment should be of Rs.99. An entry load of 2.25% will be levied on investment transferred in any equity scheme and if the funds transferred are being redeemed within 180 days, an exit load of 0.50% would be charged.