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Our Bureau

Mumbai , Sept. 28

ING Vysya Mutual Fund on Tuesday launched Valuepac, a systematic transfer plan for mutual fund investors.

Valuepac allows investors to initially park their funds in the ING Vysya Liquid plan and the money would subsequently get transferred in 12 instalments to the ING Vysya Domestic Opportunities Fund.

Valuepac is available in four denominations and investors can choose to invest Rs 12,000, Rs 24,000 or Rs 48,000. The asset management company also offers an `apna choice' pack where the investors can decide the sum of money that they would like to invest.

According to Mr Sushil Sharma, Chief Marketing Officer, ING Vysya Mutual Fund, the rupee cost averaging through systematic investment reduces risks associated with market timing. "The Valuepac is a simple process and even the application form is simplified. This would help in expanding the market for mutual funds in the country," he said.

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ING Vysya MF unveils Valuepac

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