Optimix launches dynamic FoF series II

Kolkata, Nov 24 (UNI) Optimix, the multi-manager division of ING Investment Management (India) Private Limited, today announced the launch of "Dynamic fund to fund scheme-Series II".

The primary objective of the Scheme is to generate capital appreciation from a portfolio of equity and debt funds accessed through the diversified investment styles of underlying schemes selected in accordance with the Optimix multi-manager investment process.

Based on "OptiMix CLICK Model"- a quantitative model that has the agility to shift from 100 per cent equity funds to 100 per cent Debt funds and vice-versa, the new fund, however, entirely depended on market conditions. It also offers a close-ended FoF scheme for a period of three years from the date of allotment.

Further elaborating OPTIMIX Chief Marketing Officer Sumeet Vaid said here today the new scheme commenced on November 10 and would remain open till December 20. During the period the units would be offered at the face value of Rs 10 per unit. An investor could start investing with Rs 5000 and in multiples of Re one thereafter without having any upper limit for investment.

Claiming that the equity market was passing through an all time high, Mr Vaid said in such a situation there is a need and space for a solution which could combine the best of both equity and debt asset classes.

OptiMix, part of the ING Group, is the first specialist provider of multi-manager investment solutions which blend together several mutual funds in a single product.

UNI ABA TJP/SRC1821