ING MF has rolled out a scheme called ING Fixed Maturity Fund Series XXX and it is a close-ended bond scheme. A close-ended bond scheme offering an investment plan of 92 days maturity, investing in a portfolio of government securities or highly rated corporate bonds maturing close to the maturity of the scheme so as to generate returns comparable with alternative fixed-income instruments of similar maturity. The scheme will invest in debt securities with maturity coinciding closely with the maturity of the scheme, so as to minimise the impact of price fluctuation of such securities and the value at maturity.
The scheme shall invest upto 100% in debt securities and money market instruments including call money and reverse repo. The debt securities may include securitised debt up to 90% of the net assets. The investments in derivatives instruments shall be to a maximum of 50% of the net assets of the scheme.
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