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ING MF: Some Interval Funds to be Wound-up

Last updated: 08-Jul-2024•Value Research

The following interval funds of ING MF failed to adhere to the requirements specified under the SEBI Circular No. 10/22701/03, dated December 12, 2003:

1. ING Quarterly Interval Fund A
2. ING Quarterly Interval Fund B
3. ING Quarterly Interval Fund C

The SEBI regulations require all funds to have a minimum of 20 investors and that no single investor should account for more than 25% of hte corpus of a scheme/plan(s). The aforesaid funds, at the end of their last specified transaction period, were not able to meet these requirements, and have accordingly been wound up in line with the provisions of the SEBI Regulations.

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