OptiMix launches equity fund

Kolkata, Mar 9(UNI) OptiMix, part of the ING Group, today announced the launch of OptiMix Multi Manager Equity Fund offering long term capital appreciation through investment in equity and equity-related securities.

Speaking on the occasion, OptiMix CIO Mugunthan Siva said the scheme, based on 'Manage the manager' concept, was first of its kind in the country. The company would manage the fund on the basis of mandate based advice received from a panel of third party investment advisors, he said.

The third party investment advisors, under this structure, would advise on securities selection and portfolio construction while OptiMix would, in turn, pay consultancy fees to them.

"The scheme is based on the principle of broad diversification to reduce risk and provide consistent and competitive returns.Our investment process adds value and manages risk through active management across each stage of the investment process, including selection and allocation of asset classes to capture opportunities in changing market conditions," Mr.Siva said.

OptiMix Multi Manager Equity Fund is an open ended diversified equity scheme which will remain open for subscription till March 30 offering unit at the face value of Rs. ten each. An investor can start investing with Rs. 5,000 and in multiples of Re one thereafter. The scheme offers dividend and growth options to the investor.

UNI