ING Mutual Fund has launched ING Fixed Maturity Fund- Series XXXVIII. The fund opens on 26 October 2007 and it closes on 29 October 2007. It is a close-ended bond scheme.
Maturity period: 526 days maturing on 7 April 2009. The scheme aims to generate returns comparable with alternative fixed-income instruments of similar maturity period. Investment plans: The scheme offers retail and institutional plan. The investors will have choice either of growth or dividend option. Minimum Investment Amount: The minimum investment amount under retail plan is Rs. 5000 and in multiple of Re 1 thereafter. For institutional plan, the minimum investment will be Rs 1 crore and in multiple of Re 1 thereafter.
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