Financial Daily from THE HINDU group of publications
Wednesday, Apr 20, 2005
Financial Daily from THE HINDU group of publications Wednesday, Apr 20, 2005 |
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Markets
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Mutual Funds ING Vysa launches mid-cap fund Our Bureau
Ms Kavita Hurry, Managing Director & CEO, ING Vysya Mutual Fund, and Mr Suhas Naik, Director-Equity Market, at a press conference held in Mumbai on Tuesday. - Shashi Ashiwal
Mumbai , April 19 ING Vysya Mutual Fund launched its mid-cap fund on Tuesday. This open-ended equity scheme seeks to provide long term growth of capital at controlled level of risk by investing primarily in the mid-cap stocks, according to company officials. The capitalisation of the companies that the fund would invest in would range from Rs 100-2,000 crore. It would have 35-40 stocks in its portfolio and the largest shareholding of any stock would be 5-6 per cent, said Mr Gaurav Narain, Fund Manager, ING Vysya Mid cap fund. The initial public offering of the scheme remains open till May 9. Minimum application amount is Rs 2,000.
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