ING Global Real Estate Fund

ING Mutual Fund has launched a new fund called ING Global Real Estate Fund. The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in ING Global Real Estate Securities Fund. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities, in order to meet liquidity requirements from time to time.

This is not the same as the real estate mutual funds that i covered in my blog sometime earlier.

Please read the following blogs to get details about what Real Estate Mutual Fund is and its advantages

1. Investing in Real Estate Part - I

2. Investing in Real Estate Part - I


Scheme Details
Issue Opens: November 20, 2007
Issue Closes: December 14, 2007
Options : Dividend, Growth and Bonus
Fund Category: Closed-end, Equity Scheme
Minimum Investment: Rs 5000 and Rs 1000 for additional purchases
Load: Load structure for applications received during NFO and on-going sales:

For application below Rs.1 Crore
Entry Load : 2.5%
CDSC : 1% if redeemed within 180 days from the date of investments (date of allotment if invested during the NFO)

For applications of Rs.1 crore and above but less than Rs. 5 crore
Entry Load : Nil
CDSC : 0.5% if redeemed within 180 days from the date of investments (date of allotment if invested during the NFO)

For applications of Rs.5 crores and above
Entry Load : Nil
CDSC : Nil
Exit Load: Redemptions made on Maturity do not attract any exit load. However, redemptions made during the repurchase facility period will attract, for the present, an exit load of 3% of the amount sought to be redeemed under the Scheme