Tuesday, April 19, 2011

ING IM launching ING OptiMix Financial Planning Fund

  • Carefully Selected Mutual Funds From Different AMCs in One Fund
  • Plus Allocation Across 4 Asset Classes
  • With 4 Separate Plans To Suit Different Risk Tolerance Levels

ING Investment Management India is launching its ING Optimix Financial Planning Fund (an open ended fund of funds scheme) aiming to simplify investing in mutual funds. The most unique feature of this fund is its ability to invest across carefully selected best of breed Funds from different asset management companies in one convenient fund. In addition, investors can invest in 4 different asset classes; Liquid Funds, Debt Funds, Equity Funds and Gold ETFs while getting the flexibility to choose from 4 convenient plans that cater to different risk tolerance levels investors may have.

"Mutual fund investing today has become complex and stressful. Investors need to choose from thousands of funds, closely track their performance, take decisions to retain or change funds, attract tax liability if funds are changed before 12 months and finally, reconcile all these holdings at the end of the year. These are real concerns of investors today. ING IM's unique Multi Manager Fund of Funds capability simplifies all of this in an instant" says Navin Suri, MD & CEO, ING Investment Management India. "We fully leverage our expertise as Fund Managers ourselves in selecting the best of breed funds from across the industry, with no bias whatsoever towards our own funds. ING has been offering Multi Manager funds in India since 2006 and already manages close to Rs. 347 Cr from a wide base of nearly 30,000 investors." (as of 31st March 2011)

About ING Investment Management:
ING Investment Management was established in India by ING Groep through its wholly owned subsidiary, Nationale Nederlanden Interfinance B.V. Headquartered in Amsterdam, Netherlands. ING Investment Management (IIM) India is well poised for growth in India, backed by the support of ING's global investment engine and the vast footprint of the ING India franchise. IIM India serves over 120,000 clients (as of 30th Nov '10) across corporate, HNI and mass affluent channels through a network of affiliates including the ING banking & Insurance channels, which form the core of this distribution. People are at the heart of its success. IIM India today attracts talent from across industries and aspires to be an employer of choice in the asset management industry. Present in India since 1998, IIM in India today is well established and offers both single and multi-manager products across a range of asset classes. This is a unique combination that supports it's differentiation in a crowded market place of over 44 other players.

http://www.business-standard.com/india/news/ing-im-launching-ing-optimix-financial-planning-fund/432626/



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