Date:07/01/2005 URL: http://www.thehindubusinessline.com/2005/01/07/stories/2005010702111300.htm

Back ING Vysya to launch FMP schemes

Our Bureau

Mumbai , Jan. 6

ING Vysya Mutual Fund is launching its fixed maturity plan schemes.

This is a close-ended scheme that offers an investment plan with 450 days maturity.

It would invest 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, according to the offer document of the fund.

The scheme opens for subscription from January 24-28

The scheme will be fully redeemed at the end of its maturity period. The fund would not charge any entry load or exit load. It offers both growth and dividend options and the minimum application amount is Rs 2,000. The offer document has been filed with SEBI.