Scheme: ING Fixed Maturity Fund Series XXXV is a close-ended bond scheme offering an investment plan of 93 days maturity. The scheme shall mature on 30 May 2008.
Objective: The scheme will be 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.
Fund Opens: 25 February 2008
Fund closes: 27 February 2008
Face Value: Rs 10 per unit
Investment Options: The scheme provides two plans i.e. retail and institutional plan with a sub-option of growth, dividend and bonus.
Asset allocation: The scheme shall invest up to 100% in debt securities and money market instruments including call money and reverse repo. The debt securities may include securitised debt up to 100% of the net assets. The investments in derivatives instruments shall be to a maximum of 50% of the net assets of the scheme.
Entry load: The scheme does not charge an entry load as it is of close-ended nature.
To provide liquidity to investors, the fund proposes to provide repurchase facility in the scheme on 28 March 2008, 27 April 2008, and 29 May 2008. If repurchase request is submitted after 28 February 2008 and on or before 29 May 2008, the scheme may levy 1% as Contingent Deferred Sales Charge (CDSC).
Minimum Investment Amount: The minimum investment amount is Rs 5,000 and in multiple of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 1 crore in multiple of Re 1 thereafter.
Minimum subscription amount: Rs 1 lakh
Benchmark index: CRISIL Liquid Fund Index
Fund Manager: Mr. Prashant Singh
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