ING Large Cap Equity Fund

ING Large Cap Equity fund is being managed by Ramanathan K since May 2011.The performance of this fund has not been good. If you already have investment in this fund exit  for better performing funds in this category. New investors skip this fund. 

Where does ING Large Cap Equity Fund invest your money?

ING Large Cap Equity fund is a diversified cap fund which means your money will be invested in giant, large, medium and small companies. ING Large Cap Equity fund has 88.55% exposure to large sized companies and 8.71% exposure in mid sized companies. Large cap companies tend to be stable compared to mid cap.Mid size companies have the potential to become large companies and when that happens you are expected to get bumper returns. Unfortunately it does not happen too frequently.

Suitable for what?
  • Child's Education
  • Child's Marriage
  • Planning for Retirement
  • Home Purchase 
Not Suitable for?
  • Creation of wealth
  • Short term needs
Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
How has ING Large Cap Equity Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched at Feb 2004, your value of investments would be around Rs 2.97 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.15 lakhs. The performance has been not better than or similar to other small and mid cap mutual fund. The fund has been giving at around 2.86% every year for those who stayed invested for last 5 years.

Assume you had invested Rs 10,000 every month in ING Large Cap Equity through SIP for the past 5 years today you would have around Rs 7.52 lakhs.

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 No exit load applies for units withdrawn post one year.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 Large Cap Equity Fund 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 exit?

Withdraw when your goals are closer to achievement. Do not remove the money during 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 Large Cap Equity does not qualify for sec 80C ELSS benefits.

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