ING Liquid Call Fund: Change in Name, Objective, Load and Asset Allocation

ING MF has notified that with effect from January 03, 2009, ING Liquid Call Fund will be renamed as 'ING High Yield Liquidity Fund' and in the fundamental attributes of the scheme will be changed as follows:

Investment Objective
The scheme will seek to generate higher returns by investing in a diversified portfolio of high yielding securities of varying maturities. The securities that the scheme will invest in might be illiquid in nature as well as exposed to default risk on the interest and principal amounts.

Load Structure
Entry Load: 5%
Exit Load: NIL

Asset Allocation Pattern
Money market instruments, Government (issued/approved) Securities, Obligations of Banks and DFIs: Upto 100%.
Debt market instruments (including Securitised Debt of upto 100%, Derivative instruments of upto 50% and foreign Securities upto 30%): Upto 100%.

The existing unit holders are given an option to exit without any exit load or CDSC from December 04, 2008 to January 02, 2009.