ING Midcap Fund

ING Midcap Fund is being managed by Jasmina Parekh. She has over 13 years experience in Fund Management and has been managing the fund since December 2008. This fund’s performance has been below the category average in most periods. For the average portfolio risk it bears, the fund’s returns have been below average in comparison with its peers. If you have invested in this fund, exit now to invest in a better performing fund. If you are a new investor you can safely skip this one.

Where does ING Midcap Fund invest your money?

ING Midcap Fund is a mid cap fund which means most of your money is invested in medium size companies, some small size companies and a few large size companies. Its portfolio has about 62.85% allocation in mid cap stocks, 21.79% in small cap stocks and 12% in large cap stocks. Mid cap companies give bumper returns as they turn into large cap companies.

Suitable for what?
  • Creation of wealth
  • Lifestyle needs
Not Suitable for?
  • Child's Education
  • Child's Marriage
  • Planning for Retirement
  • Buying a house 
How much to invest?

Minimum one time investment is Rs 5000 and minimum SIP is Rs 1000 per month. Make ING Midcap Fund as part of your core portfolio. Do not do 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. Core portfolio is investments that are made for your basic goals. ING Midcap Fund can be part of the core portfolio. 

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

If you had invested Rs 1 lakh when the fund was launched in April 2005 the value of your investments would be around Rs 2.18 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.07 lakhs. The performance has been not better than other mutual funds in this category. The fund has been giving at around 1.38% every year for those who stayed invested for last 5 years.

Assume you had invested Rs 10,000 every month in ING Midcap Fund through SIP for the last 5 years today you would have around Rs 7.71 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 Midcap 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.

What are the tax implications?

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

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