ING MF Plans To Launch ING FMP-Series 53 To 55

ING MF plans to launch ING FMP-Series 53 to 55. It is a close-ended bond scheme. The scheme offers an investment plan of 366 days maturity. The scheme will investing 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 at maturity.

The investors will have the choice of two plan viz. retail plan and institutional plan with sub-option of growth and dividend. The scheme will invest up to 100% in debt securities and money market instrument including reverse repo. Debt securities may include securitised debt up to 100% of the net assets. Investments in derivatives instruments shall be to a maximum of 50% of the net assets of the scheme. The scheme will invest a higher proportion of its corpus in high and medium investment grade securities to ensure high running yield of the portfolio. Investment in money market instruments is for the purpose of meeting liquidity requirements. Nearing the completion of the scheme, the scheme may invest 100% of the portfolio in money market instruments so as to protect the interest of the investors.