ING MF is looking at unveiling a fund called ING Fixed Maturity Fund - Series 47-50 and it is a close-ended bond scheme. A close-ended scheme 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.
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