ING
Mutual Fund has filed a offer document with SEBI to launch its open ended
scheme called ING Forward P/E Ratio Fund.
The scheme aims to generate excess returns through dynamic asset allocation derived by internal investment process based on Market Consensus of Forward Price Earning (P/E) Ratio of S&P CNX Nifty Index. The scheme will have a diversified equity investment strategy as it invests funds in equity as well as in fixed income instruments.
The asset allocation aims to reduce exposure to equities during periods of unjustified exuberance while capturing the upside when the market offers attractive valuations.
The benchmark of the scheme is CRISIL Balanced Fund Index. the minimum application amount will be Rs 5000 while the minimum additional investment amount will be Rs 1000. The fund will charge an exit load of 2% if redeemed before 12 months and 1 % if the redemption is done between 12 months to 24 months. No exit loads will be charged after 24 months from the date of allotment.
The scheme will be co-managed by Jasmina Parekh (Equity) and Nidhi Sharma (Debt).
