ING Mutual Fund Plans to launch ING Long Term Fixed Maturity Plan. It is a close-ended bond scheme. The scheme offers two series- ING Long Term FMP - I and ING Long Term FMP - II. The investment objective of the scheme is to generate returns comparable with alternative fixed-income instruments of similar maturity. This close-ended bond scheme has two plans i.e. retail and institutional plans. Investors under the scheme may choose between a growth option and dividend option.
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