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Jan 19 2008 11:44AM
ING MF revises load structure for its schemes
ING mutual fund has revised the load structure for the following schemes. The changes will be effective from 21 January 2008. The details are as follow: | Name of the Scheme | Type of Load | Load Structure | | ING Select Stock Fund, ING Tax Saving Fund, ING Nifty Plus Fund, ING Domestic Opportunities Fund, ING Midcap Fund, ING C.U.B Fund (after the scheme is converted into open ended scheme) ING A.T.M Fund, ING L.I.O.N Fund, ING Dividend Yield Fund and ING Balanced Fund | Exit Load/CDSC | For application below Rs 1 crore: CDSC of 1% if redeemed within and including 180 days and 0.50% if redeemed after 180 days before 365 days | | For Application of Rs 1 crore and above: Nil | | Systematic Investment Plan (ongoing Sales): Entry Load | 2.25% for purchase below Rs 1 crore | | Nil for purchase of Rs 1 crore and above | | Exit Load/CDSC | For Purchase below Rs 1 crore: CDSC of 1% if redeemed within and including 180 days and 0.50% if redeemed after 180 days before 365 days | | For Application of Rs 1 crore and above: Nil | | Systematic Transfer Plan: Exit Load | For application below Rs 1 crore: CDSC of 1% if redeemed within and including 180 days and 0.50% if redeemed after 180 days before 365 days |
Fund Of Funds | Name of the Scheme | Type of Load | Load Structure | | ING Global Real Estate Fund | Entry Load | 2.50% for application below Rs 5 crore | | Nil for application above Rs 5 crore | | Exit Load/CDSC | For application below Rs 5 crore: CDSC of 1% if redeemed within and including 180 days and 0.50% if redemed after 180 days before 365 days | | For Application of Rs 5 crore and above: Nil | | Systematic Investment Plan (ongoing Sales): Entry Load | 2.25% for purchase below Rs 5 crore | | Nil for purchase of Rs 5 crore and above | | Exit Load/CDSC | For purchase below Rs 5 crore: CDSC of 1% if redeemed within and including 180 days and 0.50% if redemed after 180 days before 365 days | | For purchase of Rs 5 crore and above: Nil |
Income Funds (Liquid and Debt Schemes) | Name of the Scheme | Type of Load | Load Structure | | ING Select Debt Fund, ING MIP Fund | CDSC (Contingent Deferred Sales Charge) | | For investment up to & including Rs 10 lakh and if redemption request is made on or before 180 days from the date of investment | 0.50% | | If redemption is made after 180 days from the date of allotment | Nil | | CDSC above Rs 10 lakh | Nil |
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