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Wednesday, August 26, 2009

ING MF Announces Conversion of ING C.U.B Fund in to open ended Scheme

With effect from 10 September 2009

ING Mutual Fund has announced conversion of ING C.U.B (Competitive Upcoming Business) Fund, a close-ended scheme into a open-ended scheme, with effect from 10 September 2009. Accordingly, the scheme will open for ongoing subscription and redemptions. All the provisions pertaining to close ended scheme shall cease to be applicable and those pertaining to open ended scheme shall be effective from the said date.

Exit Load Structure:

Accordingly for all application amounts, an exit load of 1% will be charged if redeemed on or before 365 days from the date of allotment. The exit load charge will be nil, if redeemed after 365 days from the date of allotment.

All the redemption received after the cut off time on 25 August 2009 i.e. the last Stipulated Repurchase Date of the scheme till 9th September 2009 will be processed with applicable NAV of 9th September 2009 without exit load.

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