ING OptiMix 5 Star Multi Manager Fund

ING OptiMix 5 Star Multi Manager Fund is managed by Mr. Arvind Bansal. The primary objective of the Scheme is to generate long term capital appreciation primarily from a portfolio of equity funds accessed through the diversified investment styles of underlying schemes selected in accordance with the ING Multi Manager Investment process.

Where does ING OptiMix 5 Star Multi Manager Fund invest your money?

The scheme aims to invest in equity funds accessed through the diversified investment styles of underlying schemes selected in accordance with the OptiMix Multi Manager Investment process. It will only invest in third party mutual funds. Presently it has 54.7% allocation to stocks of large sized companies, 33.26% allocation to mid sized companies and close to 9.36% allocation to stocks of small sized companies. Large cap companies tend to be stable but mid cap companies give kicker returns.

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 OptiMix 5 Star Multi Manager Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Jan 2007, your value of investments would be around Rs 1.60 lakhs. If you had invested Rs 1 Lakh for 5 years the value of your investments would be around Rs 1.31 lakhs. The fund’s performance has been similar to other funds in this category. 

Assume you had invested Rs 10,000 every month in ING OptiMix 5 Star Multi Manager Fund through SIP for 5 years today you would have just around Rs 6.85 lakhs.

How will ING OptiMix 5 Star Multi Manager Fund perform in the future?

Needless to say no one can predict the future of markets. We have firm belief in the future prospects of the Indian economy. If the Indian economy grows at 9% then the leading companies tend to do well. When the companies do well their stock prices follow their performance. So if you expect the economy to grow at 8% then you can expect top performing mutual funds to give you returns in excess of 14%.

Mutual fund schemes that have exposure to mid sized companies tend to show results when their bet on few companies comes true. We advise you to avoid too much of star gazing and future prediction. Be reminded that equities are one of the asset classes that have the potential to beat inflation. Your aim for core portfolio should be to beat inflation.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Recommended
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.

How frequently you need to monitor the performance?

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

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 OptiMix 5 Star Multi Manager Fund is 0.46%. 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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