ING Mutual Fund launched ING Long Term FMP- 1. ING Long Term FMP- 1 is a close-ended bond scheme offering an investment plan of 393 days maturity. The scheme shall mature on 7 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.
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