ING MF to launch OptiMix Emerging Markets Fund
ING Mutual Fund (MF) will launch OptiMix Emerging Markets Fund, an open ended fund of funds scheme and has filed the offer document with SEBI. The units will be available for Rs 10 per unit.
The objective of the scheme is to generate returns by investing in units of mutual funds and exchange traded funds having predominant investment exposure in emerging markets, accessed through the diverse investment styles of underlying schemes selected. The scheme offers both Dividend and Growth option.
Minimum Application Amount
During the NFO period, the minimum application amount will be Rs 5,000 and in multiples of Rs 1.00 thereafter.
Further, minimum additional purchases will be Rs 1,000 and in multiples of Rs 1.00 thereafter.
Load Structure
For Investments other than SIP:
Entry load will be 1.5% for investments below Rs 50 million and nil for investments of Rs 50 million and thereafter.
Exit Load of 1.00% and 0.50% will be levied if investment is redeemed within 6 months and 12 months respectively
For period more than 12 months, exit load will be nil.
For Investments through SIP:
While entry load will be nil, there will be an exit load of 2% for investment upto 1 year.
Exit load of 1.50% and 0.50% will be levied for investment redeemed before 2 and 3 years respectively.
Exit load is nil, if investment is redeemed after 3 years.
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