Bangalore: Mutual Fund is a collective scheme which brings out money from many investors to buy stocks, bonds, short-term money market instruments or different types of securities. The top 5 mutual funds for the month are as follows:

1. ING OptiMix Multi Manager Equity Fund

Type: Open Ended ETF

Fund Manager: Arvind Bansal, Anand Shah

Launch Date:  April 30, 2007

Fund Size (In Crore): 45.02 as on January 31, 2012

Minimum Investment (in ): 5,000

The investment objective of this scheme is to provide long-term capital appreciation by investing predominantly in equity and equity-related securities accessed on the basis of advice from a panel of third party investment advisors in accordance with the OptiMix Multi Manager investment process.

The Net Asset Value (NAV) for the scheme is 9.63 as on February 27, 2012. The 52 week high value of the scheme is 10.79 as on April 7, 2011 and 52 week low value was 8.22 as on December 20, 2011. Since its inception the Risk Return Value has been -0.19 percent and for the month has been 8.42 percent. The earnings per share is 18.89 as on January, 2012. The top holdings are Infosys, HDFC Bank, ICICI Bank, Tata Motors, Hero MotoCorp, ITC, Tata Consultancy Services, Bosch, Bharti Airtel and HDFC.