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Friday, January 16, 2009

ING Income Fund revises minimum application amount

With effect from 19 January 2009

ING Mutual Fund has announced the revision of minimum application amount under institutional option of ING Income Fund with effect from 19 January 2009. As per revision, the minimum application amount under institutional option will be Rs 25 lakh and in multiples of Re 1 thereafter and minimum additional purchase shall be Rs 1 lakh and in multiples of Re 1 thereafter.

ING Income Fund is an open-ended income scheme, with an investment objective to generate attractive income by investing in a diversified portfolio of debt and money-market instruments of varying maturities and at the same time provide continuous liquidity along with adequate safety.

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