ING Core Equity Fund

ING Core Equity Fund is being managed by Jasmina Parekh from Dec 2009. Jasmina has 13 years experience in this domain. Its portfolio bears above average risk while returns have been average among other funds in the category. If you have invested in this fund, keep a close watch on where performance is headed. If you are a new investor you can skip this one for a better performing large cap fund.

Where does ING Core Equity Fund invest your money?

ING Core Equity Fund is a large & mid cap fund which invests your money in across large and mid cap stocks of high growth companies. ING Core Equity Research Fund has 69.15% exposure to giant and large sized companies, 19.93% exposure to medium sized companies and about 5.95% exposure in small sized companies. Large cap companies tend to be stable compared to mid cap and small cap companies. Small and medium sized companies have the potential to become large companies and when that happens you are expected to get bumper returns.

Suitable for what?
  • Child's marriage
  • Child's education
  • Retirement Plans
  • Home Purchase
Not suitable for?
  • Creation of wealth
  • Lifestyle needs
How much to invest?

Minimum one time investment is Rs 5000 and minimum SIP is Rs 1000 per month. You can make ING Core Equity as part of your core portfolio. Core portfolio is investments that are made for your basic goals and makes up about 70% of your investment portfolio. Do not make the mistake of investing in too many mutual fund schemes. At any point of time do not have more than two mutual fund schemes in your core portfolio.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
How has ING Core Equity performed in the past?

If you had invested Rs 1 lakh when the fund was launched in May 1999 the value of your investments would be around Rs 4.01 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.16 lakhs. The performance has been not better than or similar to other mutual funds in this category. The fund has been giving at around 3.03% every year for those who stayed invested for last 5 years.

Assume you had invested Rs 10,000 every month in ING Core Equity Fund through SIP for the past 5 years today you would have just around Rs 7.67 lakhs.

When to review?

Once you invest in the fund do not get into the habit of checking the NAV daily or monthly. Review the performance once a year. Too much attention is not good. 

What charges apply?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

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 Core Equity is 2.84%. 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.

When to enter?

Now! There is no good time to invest rather than now. Do not try to time the market and especially so if it is an SIP. Do not follow news channel and other experts to know the right time to invest. In the long run it does not matter. Mutual fund is unlike a stock where you are looking at the right price. This job will be done by the mutual fund scheme manager. If you have planned your investments and decided on the amount you want to invest do not think further, just go ahead.

When to exit?

Withdraw when your goals are close to achievement. Do not remove the money when the markets go up or down. Do not panic. Stick to your goals.

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you do not withdraw within 1 year. ING Core Equity Fund does not qualify for sec 80C ELSS benefits.

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