ING Domestic Opportunities Fund receives Five Star Rating from Value Research

Mumbai, January 8, 2008: ING Domestic Opportunities Fund, an open-ended equity scheme from ING Investment Management India, has been accorded with a 5-Star rating, the highest rating by the leading mutual fund research outfit Value Research, for consistent performance and low volatility. The fund was one of the chosen funds which were awarded five stars from Value Research out of 92 funds. The fund has an excellent track record and is one of the few schemes that have an uninterrupted track record of growth right since inception.

The fund has Assets under Management (AUM) of Rs 133.06 crore as of December 31, 2007. The primary objective of the Scheme is to seek to provide long-term capital appreciation from a portfolio that is primarily invested in companies, which derive a significant proportion of their revenues from the domestic Indian market place / economy. The top 10 scrips include Reliance Industries Ltd., Larsen & Toubro Ltd., ICICI Bank Ltd., Sadbhav Engineering, Reliance Communications Ltd, ITC Ltd., SBI, Bharti Airtel, Reliance Capital and Grasim Industries Ltd.

Returns for the period              % change in NAV                     % change in Benchmark

I month                                     11.45%                                     7.41%

6 months                                    45.86%                                     46.66%

1 year                                      59.95%                                     59.34%

3 years                                     50.52%                                     46.05%

Inception                                   56.52%                                     50.76%

As of 31st December, 2007. Returns for the period less than 1 year – Absolute. Returns for the period 1 year & above – CAGR. Benchmark; BSE-100

Past performance may or may not be sustained in future.

On this achievement, Manish Bhandari, Fund Manager, ING Investment Management India, said, “A blend of bottom up and top down investment approach has helped us in delivering superior performance of our portfolio. The 5 star rating is a strong endorsement of our global investment philosophy of generating above average return with lower portfolio volatility. Consistent performance at low risk has helped us achieve this feat.”

Value research rating: Ratings were carried out by Value Research India. The rating indicates that the fund is placed among the top 10 percent in its category in terms of risk-adjusted rating. Value Research Fund Rating (risk-adjusted rating) is a composite measure of both returns and risk. It is purely quantitative and there is no subjective component to the fund rating. The rating is based on the weighted average weekly returns for the last 18 months and 3-year periods. These ratings do not take sales loads into consideration. The assessment does not reflect Value Research's opinion of the future potential of the fund. It only gives a quick summary of how a fund has performed historically relative to its peers.

Source : Equity Bulls

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