ING Latin America Equity Fund

ING Latin American Equity Fund is managed by Mr. Arvind Bansal. Coming from ING this is an equity oriented international fund. The fund has given a below average performance in comparison to other funds in this category. 

Where does ING Latin America Equity Fund invest your money?

The scheme seeks capital appreciation by investing predominantly in ING (L) Invest Latin America Fund. While some part may also be invested in the units of other similar overseas mutual fund schemes. It may also invest a certain portion of its corpus in money market securities, in order to meet liquidity requirements from time to time.

Suitable for what?
  • Creating wealth
  • Lifestyle needs
Not suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
How has ING Latin America Equity Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Aug 2008, your value of investments would be around Rs 1.06 lakhs. The fund’s performance has not been similar to other funds in this category. 

Assume you had invested Rs 10,000 every month in ING Latin American Equity Fund through SIP since inception today you would have just around Rs 6.49 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

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 No exit load applies for units withdrawn post one year.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 Latin American Equity Fund is 2.15%. 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?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year.

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