ING Mutual Fund has launched a new scheme called ING FMP- Series 41 and it is a close- ended bond scheme. The scheme seeks to generate returns comparable with alternative fixed-income instruments of similar maturity. The scheme will invest in so as to minimise the impact of price fluctuation of such securities on the value at maturity. The new fund offer period will be opened only for one-day i.e. on11 February 2008
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.
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