ING MF: Intorduction of Daily SIP Facility

ING MF has introduced daily SIP facility under some of its scheme whereby a pre-fixed amount (minimum Rs. 99/-) will be transfered from ING Liquid Fund to such target schemes. This facility, called Zoom Investment Pac (ZIP), will be available w.e.f. November 24, 2008 under the following schemes:

1. ING OptiMix 5 Star Multi-Manager FoF Scheme 2. ING OptiMix Multi-Manager Equity Fund 3. ING OptiMix Asset Allocator Multi-Manager FoF Scheme 4. ING Income Fund 5. ING Short Term Income Fund 6. ING Gilt Fund - Regular

Further, the following changes are made in the features of the ZIP:
1. The default target scheme is ING Nifty Plus Fund.
2. The load/CDSC will be applicable as per the existing structure of the respective schemes.