ING Mutual Fund has collected Rs 100 crores via ING Long Term Fixed Maturity Plan- 2 during their initial offer period. ING Long Term Fixed Maturity Plan- 2 was opened for subscription from 18 March and closed 24 March 2008. It is a close-ended bond scheme offering an investment plan of 380 days maturity. The scheme shall mature on 8 April 2009.
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 on the value of the security at maturity.
The scheme provides two plans i.e. retail and institutional plan with a sub-option of growth and dividend option.
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 on the value of the security at maturity.
The scheme provides two plans i.e. retail and institutional plan with a sub-option of growth and dividend option.
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