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Institutional Plan Introduced Under Optimix Active Short Term Fund

ING Mutual Fund has announced the introduction of an Institutional Plan under Optimix Active Short Term Fund, effective April 21, 2008. The existing plan would be renamed as Retail Plan.

The minimum investment amount under the Institutional Plan would be Rs. 1 lakh.It would not charge any entry load but an exit load of 0.10 % for redemption within 7 days.

The fund house has also announced a change in the load structure of the Retail Plan. Presently, it charges a 0.10% exit load for redemptions made within 15 days of investment which will now be revised to 0.30 % for redemptions made within 90 days from the date of investment.