Mumbai: ING Investment Management India has declared the roll out of its open-ended fund of funds scheme called 'ING Optimix Global Commodities Fund'. The main objective of the scheme is to get long-term capital growth by infusing primarily in units of global commodity-oriented mutual funds.
The scheme will open on July 29, and close on August 25, 2008. In the current scenario of increasing inflation and declining equity markets, investing in commodities is a good option as it helps very much to diversify your portfolio. The portfolio mix of the new fund will comprise investments in energy, metals and minerals, and agriculture and chemicals. Exposure to an alternative asset class such as commodities would provide better risk-adjusted returns to an investor's overall portfolio.
The scheme's asset allocation will be 65 per cent - 100 per cent in global mutual funds, which infuse in commodity-related securities; up to 25 per cent in debt funds, liquid funds, money market funds; and up to 10 per cent in money market securities. The offer document for the fund also adds that ING OptiMix Global Commodities Fund shall not invest in those overseas mutual fund/unit trusts, which have an exposure to Indian securities via participatory notes. The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter.
The scheme will open on July 29, and close on August 25, 2008. In the current scenario of increasing inflation and declining equity markets, investing in commodities is a good option as it helps very much to diversify your portfolio. The portfolio mix of the new fund will comprise investments in energy, metals and minerals, and agriculture and chemicals. Exposure to an alternative asset class such as commodities would provide better risk-adjusted returns to an investor's overall portfolio.
The scheme's asset allocation will be 65 per cent - 100 per cent in global mutual funds, which infuse in commodity-related securities; up to 25 per cent in debt funds, liquid funds, money market funds; and up to 10 per cent in money market securities. The offer document for the fund also adds that ING OptiMix Global Commodities Fund shall not invest in those overseas mutual fund/unit trusts, which have an exposure to Indian securities via participatory notes. The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter.
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