Mumbai, September 28, 2006: ING Vysya Mutual Fund today announced the launch of a new close ended fund - ING Vysya Dynamic Asset Allocation (DAAF) Fund, the objective is to seek to generate capital appreciation by actively investing in equity / equity related securities. For defensive considerations, the scheme may invest in debt, money market instruments, to the extent permitted under the Regulations. | |
| A 3 year close ended scheme with a AAA (so) rating by Crisil |
| |
| The Assets Under Management - ING Vysya Mutual Fund has recently crossed the Rs.5000 Crore mark. ** On the occasion, Ms. Kavita Hurry, MD & CEO, ING Vysya Mutual Fund said, "This accomplishment can be accredited to the commitment of the entire team in totality. This is just the beginning and we foresee greater things to come. We are growing as an organization and aspire to continue on the growth trajectory." |
| |
| Introducing the scheme, Mr. Vikaas Sachdeva, Country Head-Business Development, ING Vysya Mutual Fund, said "With the cumulative work experience of Fund Managers of over 40 years, we have been managing successfully a varied themes of funds namely large cap, mid cap, dividend yield, contra funds and Cub funds. We have a process driven, performance oriented approach based on our good domain knowledge of various sectors." |
| |
| Mr. Ramanathan K, Head-Fixed Income - ING Vysya Mutual Fund, said "The DAAF will have a pre-determined floor and multiplier investment cap in both equity and debt segments depending on the time-ranged opportunities". |
| |
| "As the market is becoming more and more volatile, we would have a pre-determined rebalancing frequency in switching our portfolios from one segment to others for sustainable benefits to the investors" he said. |
| |
| There is no exit load / CDSC and the scheme provides repurchase facility on a quarterly basis at the Applicable NAV given in the repurchase schedule (refer offer document of the scheme). |
| |
| The minimum initial investment is Rs. 5,000 and in multiples of Re 1/- thereafter. |
| |
| About ING Vysya Mutual Fund: |
| |
| ING Vysya Mutual Fund was established in India by ING Groep "� the world's LARGEST global corporation (Source: Fortune Global 500, July, 2006). Headquartered in Amsterdam, Netherlands, ING Groep is present in over 50 countries across the world, with more than 113,000 employees and total assets exceeding Euro 1159 billion (Source: www.ing.com). ING Vysya Mutual Fund brings with it the vast international experience and professional expertise of the ING Group, who are world leaders in Banking, Insurance and Asset Management. In India, ING Vysya Mutual Fund has presence across 34 cities, with 5114.86 crores of assets under management as on September 6, 2006. |
| |
| ING Vysya Mutual Fund believes in providing investors with the most practical and secure investment opportunities to invest their valuable savings. This is combined with a range of innovative options to deliver optimum returns combined with a high degree of security. |
| |
|
| |
