The fund offers asset allocation in four different asset classes like gold, equity, debt and liquid simultaneously
Mumbai: ING Optimix Financial Planning Fund, a one of its kind fund of fund which invests in schemes of different fund houses, opens for subscription today. None of the existing fund of fund schemes allows investments in gold, equity, debt and liquid simultaneously. Unlike a majority of existing fund of funds which invest in their own schemes, this fund invests in schemes of other fund houses. Investors are exempt from short term capital gains tax if the fund wants to reallocate its portfolio in other schemes of AMCs.
NFO Date: April 19, 2011 to May 03, 2011.
Investment Objective: To generate returns by investing in mutual fund schemes selected in accordance with the ING OptiMix Multi Manager Investment process, as per the risk-return profile of investors. The schemes will have four plans - Cautious Plan, Conservative Plan, Prudent Plan & Aggressive Plan.
Distribution strategy: The fund will be distributed through banks, IFAs and national distributors. The fund house has been conducting road shows and trainings for IFAs, banks and national distributors and has covered more than 10 cities so far.
Investor need it seeks to fulfill: The fund offers ease of investing in four different asset classes through one fund.
Target Investors: The fund is mainly targeted towards retail investors.
No of IFAs empanelled: 5,000
Plans
|
Plan |
Asset Allocation |
Benchmark |
Exit Load |
|
Cautious Plan |
Liquid Funds, Money Market Funds - 77-63% |
CRISIL Liquid Fund index- 70% |
0.50% within six months |
|
Debt Funds - 37-23% |
CRISIL Bond Fund index- 30% | ||
|
Money Market Securities- 14% |
| ||
|
Conservative Plan |
Equity Funds - 28-15% |
S&P CNX Nifty- 20% |
1% within one year |
|
Liquid & Money Market Funds - 53-40% |
CRISIL Liquid Fund index- 44% | ||
|
Debt Funds - 35-22% |
CRISIL Bond Fund index- 24% | ||
|
GOLD ETFs - 23-10% |
INR price of Gold- 12% | ||
|
Money Market Securities - 13% |
| ||
|
Prudent Plan |
Equity Funds - 49-34% |
S&P CNX Nifty- 40% |
3% within one year,2% within two years and 1% between three years |
|
Liquid & Money Market Funds - 40.50-25.5% |
CRISIL Liquid Fund index- 30% | ||
|
Debt Funds - 32-17% |
CRISIL Bond Fund index- 20% | ||
|
GOLD ETFs - 23.5-8.5% |
INR price of Gold- 10% | ||
|
Money Market Securities - 15% |
| ||
|
Aggressive Plan |
Equity Funds - 77-63% |
S&P CNX Nifty- 70% |
3% within one year,2% within two years and 1% between three years |
|
Liquid & Money Market Funds - 23.75-13.50% |
CRISIL Liquid Fund index- 15% | ||
|
Debt Funds - 19.25-9% |
CRISIL Bond Fund index- 10% | ||
|
GOLD ETFs - 14.5-4.25% |
INR price of Gold- 5% | ||
|
Money Market Securities -10.25% |
|
Minimum Investment: The minimum application amount will be Rs 5,000 and in multiples of 1/- thereafter per application. The scheme will be manage by Arvind Bansal, VP and Head- Multi Manager Investments.
