ING Mutual Fund has approved changes in investment plan and exit load of OptiMix Active Short Term Fund, an open ended Fund of Funds. The changes are to be effective from 21 April 2008. The primary objective of the Scheme is to generate returns from a portfolio of debt funds (the average maturity period of the portfolio of these funds would be up to 18 months), accessed through the diverse investment styles of underlying schemes selected in accordance with the OptiMix Multi Manager Investment process. The AMC introduces institutional plan under OptiMix Active Short Term Fund and the existing scheme would be termed as retail plan. Consequently, the scheme shall have two plans viz. retail and institutional. There shall be two sub options under both the plans-growth and dividend payout and reinvestment option.
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