The Hindu Business Line : ING Investment launches Global Real Estate FoF

Mr Vineet K. Vohra (left), Managing Director and CEO, ING Investment Management India, and Dr Indraneel Karlekar, Head of Global Research and Strategy at a press conference held in Mumbai on Monday. —

Our Bureau

Mumbai, Nov. 19 ING Investment Management India announced the launch of its ING Global Real Estate fund, an open ended fund of funds scheme for the Indian investor. The scheme opens on November 20 and closes on December 14. The earliest closure date is December 7. The minimum application amount to invest in ING’s global real estate fund is Rs 5,000 and in multiples of Re 1 thereafter. The units will be available for Rs 10 per unit during the NFO and at applicable NAV thereafter. The investors will have the choice of three options — dividend option, growth option and bonus option.

diversified range

“Under this scheme there is certainty of cash flow, with an ability to more than double your returns and also lesser risk as compared with other equity instruments. Your overall portfolio improves with the diversity offered by our scheme,” said Mr Vineet K. Vohra, MD & CEO, ING Investment Management. The scheme will be looking at a diversified range, which will include office structure, service apartments and hotels.

“We have a rather bullish bet on the Asia-Pacific region, which is why we have 43 per cent of our allocation toward the region. Whereas we have allocated 36 per cent to the North Americas and 15 per cent to the European region,” said Mr Indraneel Karlekar, Head of Global Research, ING Investment Management.