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Thursday, July 30, 2009

ING MF Revises Load Structure in various funds

With effect from 1 August 2009

ING Mutual fund has decided to revise exit load structure of following schemes with effect from 1 August 2009.

ING Gilt Fund - Provident Fund – Dynamic Plan: If redeemed on or before 365 days from the date of allotment 1.25%, 1% will be the exit load while nil for investments redeemed after 365 days from the date of allotment.

ING Core Equity Fund, ING Contra Fund, ING Mid Cap Fund, ING Dividend Yield Fund, ING Balanced Fund, ING Optimix 5 Star Multi Manager FoF Scheme & ING Optimix Asset Allocator Multi Manager FoF Scheme, ING Domestic Opportunities Fund and ING Nifty Plus Fund:

For applications below Rs.1 crore: If investments redeemed on or before 3 years from the date of allotment, 1% will be the exit load while nil for investments redeemed after 3 years from the date of allotment.

For applications equal to or above Rs.1 crore but less than or equal to Rs. 2 crore: For redemption done on or after 6 months from the date of allotment, the fund will levy 1% exit load and no exit load for redemption after 6 months from the date of allotment.

There will be no exit load for applications above Rs. 2 crore.

ING Optimix Multi Manager Equity Fund:

For applications below Rs.1 crore: If investments redeemed on or before 3 years from the date of allotment, 1% will be the exit load while nil for investments redeemed after 3 years from the date of allotment.

For applications equal to or above Rs.1 crore but less than or equal to Rs. 2 crore: For redemption done on or after 6 months from the date of allotment, the fund will levy 1% exit load and no exit load for redemption after 6 months from the date of allotment.

There will be no exit load for applications above Rs. 2 crore.

ING Latin America Equity Fund & ING Optimix Global Commodities Fund:

For applications below Rs.1 crore: If investments redeemed on or before 3 years from the date of allotment, 1% will be the exit load while nil for investments redeemed after 3 years from the date of allotment.

For applications equal to or above Rs.1 crore but less than or equal to Rs. 2 crore: For redemption done on or after 6 months from the date of allotment, the fund will levy 1% exit load and no exit load for redemption after 6 months from the date of allotment.

There will be no exit load for applications above Rs. 2 crore.

ING Global Real Estate Fund:

Retail Plan: For applications below Rs.1 crore: If investments redeemed on or before 3 years from the date of allotment, 1% will be the exit load while nil for investments redeemed after 3 years from the date of allotment.

For applications equal to or above Rs.1 crore but less than or equal to Rs. 2 crore: For redemption done on or after 6 months from the date of allotment, the fund will levy 1% exit load and no exit load for redemption after 6 months from the date of allotment.

There will be no exit load for applications above Rs. 2 crore.

Institutional Plan: For applications equal to and above Rs.1 crore, no exit load is applicable.

ING Tax Savings Fund: No exit load will be charged.

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