ING Dividend Yield Fund, a scheme of ING Mutual Fund declares Rs. 3/- per unit dividend (Face value of Rs. 10/-. NAV as on 6th June 2011 is Rs. 20.78/-). The record date for dividend of this open-ended equity scheme is 13th June, 2011.
ING Dividend Yield Fund has consistently beaten the benchmark across time periods and has delivered a impressive return of 17.26% against 4.13% of the benchmark over a 3 year period. In addition to a Four Star rating from Morningstar*** & Value Research****, ING Dividend Yield Fund has received several recognition over the last several quarters.
¬ It has been rated in the Platinum Category by The Economic Times* for the period Jan-Mar11
¬ It has been awarded as a Winner by ICRA Mutual Fund Awards 2011**amongst 118 schemes in the Open Ended Diversified Equity-Defensive category
Speaking on this occasion, Mr. Navin Suri, MD & CEO, ING Investment Management India said ING Dividend Yield Fund is one of our star performing funds. Such impressive performance, especially under volatile market conditions reinforces the strength of our investment processes & philosophy. We endeavor to provide superior returns to all our investors.
ING Dividend Yield Fund is an open ended equity scheme which seeks to provide medium to long term capital appreciation and/or dividend distribution by investing predominantly in equity & equity related investments, which offer high dividend yield.
1 year returns: Fund-9.08, BSE200-6.94. 5 year returns: Fund-16.77, BSE200-12.27. Since Inception returns: Fund-15.97, BSE200-15.90
Returns doe the period upto one year-absolute. Returns for the period more than one year-CAGR. Benchmark-BSE200. Past performance may or may not be sustained in the future.
* Economic Times Ratings Disclaimer: ING Dividend Yield Fund is one of the Platinum rated funds by Economic Times in the Equity Diversified category as on quarter ended March 31, 2011. Data Source: Accord Fintech. There were 188 Schemes considered in Equity Diversified category for the ratings. The ET Quarterly MF Tracker lists MF Schemes on the basis of their risk-adjusted performance, based on a detailed number crunching exercise carried out by the ET Intelligence Group. The Schemes which have completed a minimum of 3 years of existence are considered for ratings. These ratings do not take into consideration any entry or exit load. The top 10% funds in each category are then classified as Platinum funds; the next 20% are graded Gold while the next 40% are classified as Silver. The Sortino ratio, a superior risk-adjusted measure, was used to assess the fund performance. The ET Ratings are published in The Economic Times on a quarterly basis and is subject to change. Rating Source & Publisher. - Economic Times. A detailed Methodology of the above rating is available at www.etintelligence.com.
**ICRA Mutual Fund Awards Ranking Disclaimer: ING Dividend Yield Fund has been ranked as a Five Star Fund in the category of Open Ended Diversified Equity - Defensive Schemes for its 1 year performance ending December 31, 2010. There were 118 Schemes considered in Open Ended Diversified Equity - Defensive category for the ranking exercise. Five Stars indicate funds with composite score in the top 5% confidence (based on the positioning of the Scheme in the categories normal distribution) interval in the respective category. For the purpose of ranking, the MF schemes are classified on the basis of their investment style (i.e. actual allocations across asset classes and sectors) over the ranking periods of one and three years, rather than the objective stated in their prospectus. Thereafter, the ranks assigned to the Schemes are a result of an in-depth analysis on certain critical parameters including: risk adjusted return, portfolio concentration characteristics, corpus size, company concentration and portfolio turnover. The ranking methodology did not take into account loads imposed by the Fund. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of ING Dividend Yield Fund or ING Mutual Fund. Ranking Source & Publisher: ICRA Online Limited.
***Morningstar Rating Disclaimer: ING Dividend Yield Fund is one of the four star rated funds by Morningstar in the Morningstar India OE Small/Midcap category as on April 30, 2011. The current fund rating is for the 3 year period as of April 30, 2011. There were 149 Schemes in the category which completed 3 years. The Morningstar fund rating methodology is based on a funds risk-adjusted return within a given Morningstar category. Morningstar ratings are calculated every month for the 3 year, 5 year and 10 year period. Within each rating period, the top 10% funds receive a five star rating, the next 22.5% earn a four star rating, the next 35% get three stars, the next 22.5% receive two stars, and the bottom 10% get one star. Loads are not considered for the rating purpose. The ratings are subject to change every month. The rating is based on NAV provided by respective funds. Rating Source & Publisher. - Morningstar
****Value Research Rating Disclaimer: ING Dividend Yield Fund is one of the 4-star rated fund by Value Research in the open-end and equity: Mid & Small Cap category as on 30th Apr 11 on the basis of weighted average monthly returns for the last 3 years. Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. Five-Stars indicate that a fund is in the top 10% of its category in terms of historic risk-adjusted returns. Four-Stars indicate that a fund is in the next 22.5% of its category in terms of historic risk-adjusted returns. These ratings do not take into consideration any load. The Value Research Ratings are published in Monthly Mutual Fund
Notes to Editor
Performance Report and Mutual Fund Insight, which are subject to change every month. A detailed methodology of the above is available at www.valueresearchonline.com.
NATURE & INVESTMENT OBJECTIVE: ING Dividend Yield Fund is an open ended equity scheme which seeks to provide medium to long term capital appreciation and /or dividend distribution by investing predominantly in equity & equity related instruments, which offer high dividend yield*. *Dividend Yield is considered as high if it is greater than the Dividend Yield of the Nifty last released/ published by NSE on its website:www.nseindia.com which shall be the primary selection criteria.
Statutory Details: Sponsor: ING Group, through its wholly owned subsidiary, Nationale Nederlanden Interfinance B.V., Trustee: Board of Trustees of ING Mutual Fund, Investment Manager: ING Investment Management (India) Private Limited.
SCHEME SPECIFIC RISK FACTORS: Though the investments would be in companies having a track record of dividend payments, the performance of the Scheme would inter-alia depend on the ability of these companies to sustain dividend in future. These stocks, at times, may be relatively less liquid as compared to growth stocks. For detailed Risk factors please read the Scheme Information Document carefully. STANDARD RISK FACTORS: Mutual Funds and securities investment are subject to the market risks, and there is no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the units issued under the Scheme can go up or down depending on the factors and the forces affecting the capital markets. Past performance of the Sponsors/ Mutual Fund or their affiliates does not indicate the future performance of the Scheme. The Sponsors and associates are not responsible or liable for any loss resulting from the operation of the Scheme beyond the initial contribution of Rs. 1 lakh made by them towards setting of the Mutual Fund. ING Dividend Yield Fund is only the name of the Scheme and does not in any manner indicate either the quality of the Scheme or its future prospects and returns. The Scheme does not guarantee or assure returns. Please read the Scheme Information Document /Statement of Additional Information / Key Information Memorandum carefully before investing.
