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Wednesday, February 25, 2009

ING MF ceases High Yield Liquid Fund

With effect from 25 February 2009

ING Mutual Fund has wound up ING High Yield Liquid Fund, with effect from 25 February 2009. Since the scheme is not able to meet with the requirement of minimum of 20 investors. Accordingly, the fund house wound up the scheme under regulation 39 (2) (c) of Sebi Regulation, 1996.

The fund house ceased to carry any business activities in respect of the scheme. It has also ceased to issue units in the scheme and has also ceased to create or cancel units in the scheme.

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