BSLAMC has now taken over the rights to manage the schemes and investor accounts from IIMIPL as investment manager, it said.
Birla Sun Life MF, part of Aditya Birla Financial Services Group firm, will merge all the 26 schemes offered by ING MF with its own funds, according to a public notice.
After the huge rally last week, K Ramanathan, chief information officer (CIO) of ING Investment Management India is cautious on the market. "We are overweight on consumer discretionary including autos, consumer staples, and pharma."
K Ramanathan, CIO, ING Investment Management India is overweight on private sector banks.
K Ramanathan, CIO, ING Investment Management India is underweight on infrastructure sector.
K Ramanathan the CIO of ING Investment Management India, in an interview on CNBC-TV18 spoke about his reading of the market. He also gave his sector specific call and how he sees specific stocks from these sectors performing today.
ING Investment Management India has announced launch of its ING Optimix Financial Planning Fund, an open ended fund of funds scheme aiming to simplify investing in mutual funds. The unique feature of this fund is its ability to invest across carefully selected best of breed Funds from different asset management companies in one convenient fund.
K Ramanathan CIO of ING Investment Management India says that the market is faltering as inflation continues to be a concern. He says, “I would continue to be overweight on IT and consumer discretionary including autos.”