ING MF Launches Optimix Active Short Term Fund

Name of Fund: OptiMix Active Short Term Fund

Scheme: Open-ended fund of funds scheme

Objective: The scheme aims to generate returns from a portfolio of debt funds with the average maturity period of the portfolio up to 18 months, accessed through the diverse investment styles of underlying schemes selected in accordance with the OptiMix Multi Manager Investment process.

Asset Allocation: The fund will invest around 90-100% in debt funds (including liquid funds, liquid plus funds, fixed maturity plans, short-term funds, floating rate funds and money market funds. The average maturity period of the portfolio of these funds would be up to 18 months). The scheme will invest 0-10% of its equity portfolio in money market securities.

Fund Opens: 3 March 2008

Fund Closes: 10 March 2008

Face Value: Rs.10

Investment Options: Growth and dividend option with dividend payout and reinvestment facility.

Entry Load: Nil

Exit Load: Nil

Minimum Investment Amount: The minimum investment amount is Rs. 5000 and in multiple of Rs 1 thereafter.

Minimum subscription amount: Rs 1 lakh

Benchmark Index: Crisil Liquid fund Index.

Fund Manager: Mr. Arvind Bansal