On 1st of April 2015, ING Vysya Bank merged with Kotak Mahindra Bank with an objective to serve Indian customers and set a benchmark in financial services entity. With more than 30 years of experience, Kotak Mahindra has gained a strong foothold in the investment market by providing comprehensive financial services to their customers.
After the merger of ING Vysya Mutual Funds and Kotak Mahindra Bank, it now has much stronger service base and good reach in the market. ING Vysya Mutual Fund along with Kotak Mahindra Bank now provides services across 643 locations in India and has 1,200 branches across the country. The bank shares a huge workforce of 40,000 employees and manages a total asset value of Rs. 83,694 crores.
Types of Mutual Funds Offered by ING Vysya Mutual Fund
Open-ended funds are the funds in which the investors can buy, subscribe, and sell funds at NAV related prices any time during the year. The main purpose of open-ended funds is to earn the maximum return by maintaining liquidity. These funds don’t have a maturity date.
- ING Vysya’s Contra Fund
This fund was introduced on 27th January 2006. ING Contra Fund provides three options to the customers, i.e. dividend, growth, and bonus. This scheme provides a predominant allotment of funds in equity-related instruments.
- ING Vysya’s OptiMix Multi-Manager Equity Fund
Launched on 7th March 2007, ING Optimix Multi-Manager Equity Fund is a type of funds in which funds are predominantly allotted in equity and other equity-related instruments. In this fund, the advice of third-party investment advisor plays an important role. The ING Optimix Multi-Manager Equity Funds has four options of investment, i.e. Growth, Dividend, Option A, and Option B.
- ING Vysya’s ATM Fund
This scheme was introduced on 10th March 2006. In ING Vysya ATM Fund, Predominant funds allotment is done in companies’ stocks with equity and equity-related instruments. This scheme offers three options, i.e. growth, dividend, and bonus.
- ING Vysya’s Dividend Yield Fund
This scheme was introduced on 24th October 2004. ING Vysya Dividend Yield provides predominant funds allotment in equity and instrument-related to equity in order to generate medium-to-long-term capital growth and dividend distribution. This scheme provides the options of dividend, growth, and bonus.
- ING Vysya’s Equity Fund
This fund was launched on 7th February 2002. ING Vysya Equity offers predominant funds allotment in order to generate long-term capital growth in equity and its related instruments. Options for dividend and growth are available under this scheme.
- ING Vysya’s GILT Fund
This scheme was launched on 7th February 2002. In ING Vysya GILT fund, the money is invested in bonds and government securities. This scheme provides safety and liquidity of funds. The options of dividend and growth are available under the scheme.
- ING Vysya’s Income Fund
ING Vysya Income Fund was introduced on 12th May 1999. In order to provide high safety and continuous liquidity to the investors, the money is invested in a diversified portfolio. The scheme provides two options of fund, i.e. regular and institutional.
- ING Vysya’s L.I.O.N. Fund
ING Vysya L.I.O.N Fund was launched on 28th December 2005. In order to provide medium and long-term capital growth, a predominant funds allotment is made on stocks across the entire capitalization range of the market. ING Vysya L.I.O.N provides the option of growth, dividend, and bonus.
- ING Vysya’s Midcap Fund
This scheme was launched on 30th May 2005. In order to gain the maximum return on investment, the investors can invest in mid-cap stocks. ING Vysya Midcap Fund provides the option of growth, dividend, and bonus.
- ING Vysya’s Select Stocks Fund
This scheme was introduced on 12th May 1999. In this scheme, predominant fund allotments are made in high-quality equity and securities related to it for long-term profit and capital growth. Two options are available under the scheme, i.e. dividend and growth.
- ING Vysya’s OptiMix 5 Star Multi-Manager
This scheme was launched on 24th November 2006. The investors can invest in equity selected by manager investment process of ING Optimix Multi-manager. Dividend and growth options are available under the scheme.
- ING Vysya’s Select Debt Fund
This scheme was introduced on 23rd August 2004. Under this scheme, the funds are majorly invested in the money market instruments that have different maturity dates and are high yield fixed income securities. Options for dividend growth and bonus are available under the plan.
- ING Vysya’s Balanced Fund
In this scheme, the predominant fund allotments are made on returns from debt instruments and equity. Launched on 11th May 2000, the scheme provides the options of dividend and growth.
- ING Vysya’s Domestic Opportunities Fund
In ING Vysya Domestic Opportunities Fund, Predominant funds allotment is made on companies that gain a major portion of revenue from the domestic economy and Indian marketplace. Options of divided, growth, and bonus are available under the plan.
- ING Vysya’s Floating Rate Fund
This scheme was launched on 10th October 2004. In this plan, predominant funds allocation is made on fixed and floating rate instruments in exchange for fixed rate instruments and floating rate returns. Options of dividend growth and bonus are available under the scheme.
- ING Vysya’s GILT Fund – Provident Fund – Dynamic Plan
In this scheme, the money is invested in sovereign securities. This plan provides the options for growth, cyclical series, and growth.
- ING Vysya’s Income Fund Short-Term Plan
In this plan, the money is invested in money market instruments and high-quality debt securities. The scheme provides high liquidity and capital growth. Launched on 19th August 2002, this plan provides the options of divided and growth.
- ING Vysya’s Liquid Fund
In this plan, the investors can invest money in short-term debt instruments for high capital growth. The options offered by ING Vysya Liquid Fund are auto-sweep, regular, super institutional, and institutional plan.
These funds are open only for the specific time for subscription and have a pre-determined maturity period during the initial launch. Close-Ended Funds are also listed on the recognized stock exchange.
- ING Vysya’s C.U.B (Competitive Upcoming Business) Fund
This scheme was introduced on 11th September 2006. In this plan, predominant funds allotment is made on equity and securities related to it in various companies that have small market capitalization in order to provide long-term capital growth. The options of dividend growth and bonus are available under the plan.
- ING Vysya’s Dynamic Asset Allocation Fund
This plan was launched on 11th May 2000. In this plan, predominant funds allotment is made on equity and securities related to it along with a provision for investments in money market and debt instruments. The options of dividend and growth are available under the plan.
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