ING Investment Management (India), the mutual funds’ arm of the Dutch financial services group's operations in India, is to launch an India-specific fund for its offshore clients. It is the first time in a decade that the Dutch group has looked at a product with which to invest in the Indian equities' market, which has been growing about 40 per cent in the last three years. “We are looking at an Indian product for our offshore clients such as institutions, non-resident Indians, and other general investors. We are trying to gauge the demand for such a product,” said Vineet Vohra, managing director and chief executive. ING Investment Management handles over $486 billion globally, of which $91 billion is managed out of Asia-Pacific. It has about 10 products in India. It is likely that the global product would look to offer a diversified equity product similar to its Domestic Opportunities Fund, an equity diversified scheme, which has been giving a return of nearly 50 per cent since its inception in August 2004.