ING MF Changes Its Fund Management Team

ING mutual fund has announced that Mr. Sajjan Raut Desai, Fund Manager- Equities for Optimix Division Income has ceased to be a part of the services of ING Investment Management. From 10 December 2007, Mr. Badrish Kulhalli will manage the scheme managed by Mr. Desai. The change will come into effect from 10 December 2007.

Mr. Badrish Kulhalli is BE (Mech.) from University of Poona. He also holds a Postgraduate Diploma in Management from IIM Calcutta. Mr. Kulhalli holds the experience of about 10 years joined ING mutual fund Optimix division in November 2005