ING Mutual Fund has revised load structure of ING Nifty Plus Fund and ING Domestic Opportunities Fund, with effect from 5 June 2009. The following load structure shall be applicable for all prospective investments (including Systematic Investment Plan, Systematic Withdrawal Plan and Systematic Transfer Plan).
Thereafter, both the above mentioned schemes load structure will as follows:
Entry load: For application less than and equal to Rs 1 crore - 2.25%. For application above Rs 1 crore - Nil
Exit load: For application below and equal to Rs 2 crore, the scheme will charge 1% of exit load if redeemed within and including 180 days, 0.50% if redeemed after 180 days but upto 365 days and nil - if redeemed after 365 days. And the scheme will charge nil for application of above Rs 2 crore.
Currently, the scheme charges:
Entry load: For application below Rs 1 crore - 2.25%. For application of Rs 1 crore and above - Nil
Exit load: For application below Rs 1 crore, the scheme will charge 1% of exit load if redeemed within and including 180 days, 0.50% if redeemed after 180 days but upto 365 days and nil - if redeemed after 365 days. And the scheme will charge nil for application of above Rs 1 crore.
Thereafter, both the above mentioned schemes load structure will as follows:
Entry load: For application less than and equal to Rs 1 crore - 2.25%. For application above Rs 1 crore - Nil
Exit load: For application below and equal to Rs 2 crore, the scheme will charge 1% of exit load if redeemed within and including 180 days, 0.50% if redeemed after 180 days but upto 365 days and nil - if redeemed after 365 days. And the scheme will charge nil for application of above Rs 2 crore.
Currently, the scheme charges:
Entry load: For application below Rs 1 crore - 2.25%. For application of Rs 1 crore and above - Nil
Exit load: For application below Rs 1 crore, the scheme will charge 1% of exit load if redeemed within and including 180 days, 0.50% if redeemed after 180 days but upto 365 days and nil - if redeemed after 365 days. And the scheme will charge nil for application of above Rs 1 crore.
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