Friday, November 21, 2008

ING Dynamic Duration Fund The Unit Holders To Exit - Nov 21, 2008

ING Mutual Fund has announced changes in asset allocation pattern in ING Dynamic Duration Fund which was launched on 12 January 2004, effective from 20 December 2008. The scheme will invest its entire corpus in money market securities /instruments and debt securities. The investment in debt securities includes securitized debt upto 100% of the net assets. Since the above is a change in the fundamental attributes of ING Dynamic Duration Fund, the unit holders under the said scheme are given an option to exit without any exit load/ CDSC for all redemption of units made form 20 November 2008 to 19 December 2008.

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