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ING Mutual Fund Announces Change in Fund Manager

ING Mutual Fund has announced a change in fund manager of the following funds: ING Midcap Fund and ING Tax Savings Fund. Mr. Mohit Mirchandani has been designated as the fund manager of these two funds with effect from April 14, 2008. He has nearly ten years of work experience.

Mr. Paras Adenwala had been managing these funds for the last six months.