ING Balanced Fund

ING Balanced Fund is a balanced mutual fund. This fund is managed by Ramanathan K and Jasmina Parekh. The fund’s performance has been discouraging. If you hold units in this fund exit now and invest in a better fund.

Where does ING Balanced Fund invest your money?

ING Balanced Fund is an equity oriented hybrid fund which invests your money in both equity securities and debt securities. It has approximately 69% exposure to equity. Its equity portion has multi cap exposure. This means most of your money will be invested in stocks of large, medium and small sized companies.  Although large cap stocks are more stable than mid cap stocks it is mid cap and small cap stocks that give kicker returns as they transform into large cap stocks. ING Balanced Fund has 24% exposure to mid size companies and 5% exposure to small size companies.

Suitable for what?

The following needs if occurring between 3 and 5 years:

  • Child's Education
  • Marriage
  • Home Purchase
Not suitable for?
  • Long term goals
  • Wealth creation
Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
How has ING Balanced Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched at April 2000, your value of investments would be around Rs 2.5 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.36 lakhs. The performance has not been better than or similar to other equity oriented hybrid mutual funds. The fund has been giving at around 8% every year for those who stayed invested since inception.

Assume you had invested Rs 10,000 every month ING Balanced Fund through SIP since inception today you would have around Rs 7 lakhs.

What charges apply?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of ING Balanced Fund is 2.80%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

Returns on equity oriented hybrid funds are absolutely tax-free provided you do not withdraw within a year of buying the units. ING Balanced Fund does not qualify for sec 80C ELSS benefits.

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