ING MF is looking at unveiling US Opportunistic Equity Fund. It is an open-ended fund of fund scheme. The scheme will investing predominantly in ING (L) Invest US Opportunistic Equity fund (a Luxembourg based fund) with an primary investment objective of providing long-term capital appreciation by investing primarily in a diversified portfolio of big capitalisations issued by companies established, listed or traded or which have a major portion of their business activity in the United States of America. The scheme may also invest a certain portion of its corpus in money market securities, in order to meet liquidity requirements from time to time.
The investors will have the choice of three options viz. dividend option, bonus option and growth option. The dividend option will have two sub options i.e. dividend payout option and dividend reinvestment option. The scheme will invest 65-100% in ING (L) Invest US Opportunistic Equity fund. It will invest up to 20% in money market instruments including reverse repo. The investment in to other overseas mutual fund schemes will be between up to 35%.
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