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Markets - New Fund Offer
FMP series gets ING Mutual Rs 1,357 cr

Our Bureau

Mumbai, Oct. 4 ING Mutual Fund has reaped Rs 1,357 crore through its Fixed Maturity Plan Series.

In the series, the ING FMP Series XXX collected more than Rs 500 crore, which made it the highest out of the lot. The 92 days close-ended fund was available in dividend and growth options.

fixed maturity bonds

The ING FMP Series XXXII has collected more than Rs 300 crore. This 368 days close-ended fund was available in dividend, growth and bonus options.

Both the fixed maturity bonds were placed successfully and subscribed by investors including high net-worth individuals, financial institutions and large corporate and business houses.

bond securities

The Fixed Maturity Scheme is a series of close-ended funds invested in the portfolios of various bond securities.

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