ING MF Raises Rs.1357 Crore Through FMP Series

ING Mutual Fund has collected Rs 1,357 Crore through its Fixed Maturity Plan Series XXVI (FMP-26), Series XXVIII (FMP-28), Series XXX (FMP-30), Series XXXI (FMP-31) and Series XXXII (FMP-32). ING FMP - Series XXX has collected the highest amount of more than Rs 500 Crore. The 'FMP - Series XXX' which is a close-ended bond scheme was open for subscription between 20 August-27 August 2007. The 92 days close ended fund was available in both dividend & growth options

Whereas, ING FMP - Series XXXII has collected more than Rs 300 Crore. The 'FMP - Series XXXII' which is a close-ended bond scheme was open for subscription between 30 August-10 September 2007. The 368 days close ended fund, available in dividend, growth & bonus options. Both the fixed maturity bonds were successfully placed and subscribed by a diverse set of investors, including high net worth individuals, financial institutions and large corporate & business houses. Fixed Maturity Scheme is a series of close-ended funds invested in the portfolios of various bond securities.