ING MF Announced Dividend For ING Fixed Maturity Plan

ING India Mutual Fund has announced 20 May 2008 as the record date for declaration of dividend under dividend option of ING Fixed Maturity Plan - Series 36 and ING Fixed Maturity Plan - Series 42. The AMC plans to distribute entire appreciation in the NAV of dividend option from the date of allotment to 20 May 2008 as dividend.

The NAV under retail plan of ING Fixed Maturity Plan - Series 36 is Rs 10.1793 while under institutional level is Rs 10.1803 as on 13 May 2008. The NAV under retail plan of NG Fixed Maturity Plan - Series 42 is Rs 10.1625 while under institutional level is Rs 10.1634 as on 13 May 2008. ING Fixed Maturity Plan - Series 36 and ING Fixed Maturity Plan - Series 42 are the close -ended schemes offering an investment plan of 91 days maturity, investing in a portfolio of government securities or highly rated corporate bonds maturing close to maturity of the scheme so as to generate returns comparable with alternative fixed-income instruments of similar maturity. The scheme will invest in debt securities so as to minimise the impact of price fluctuation of such securities and the value at maturity.