Date:10/09/2005 URL: http://www.thehindubusinessline.com/2005/09/10/stories/2005091002430900.htm

Back ING Vysya MF launches new scheme

Our Bureau

(From left) Ms Kavita Hurry, CEO and Managing Director, ING Vysya Mutual Fund, Mr Alexander H.G. Rinnooy Kan, Executive Board, ING Group, and Mr Peter Smyth, Regional General Manager, ING Insurance Asia/Pacific, at a press conference in Mumbai on Friday. - Shashi Ashiwal

Mumbai , Sept. 9

ING Vysya Mutual Fund has announced a new scheme, `The ING Vysya Dividend Yield Fund'. The investment option for the scheme would be an open-ended equity scheme starting with a minimum of Rs 5,000 and in multiples of Re 1.

The fund opens on September 9 and closes on October 6.

"Dividend yield stocks are an essential ingredient of any investor's risk appetite. Statistically, high dividend yield stocks have always tended to perform better than low dividend yield stocks over a period of time," Ms Kavita Hurry, Managing Director & CEO, ING Vysya Mutual Fund, said in a press release.

"We are looking at complementing our existing suite of products with the launch of ING Vysya Dividend Yield Fund," she said.