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ING Optimix Active Short Term Fund to be merged with ING Optimix Active Debt Multi Manager FoF Scheme


ING MF has notified that ING Optimix Active Short Term Fund (merging scheme) will be merged with ING Optimix Active Debt Multi Manager FoF Scheme (merged scheme) w.e.f. March 08, 2009. Both the schemes are Open-ended Fund of Funds (FoF) schemes. The following points may be noted with regards to the proposed merger:

1. The Retail and Institutional plans of the merging scheme will be merged to a single plan under the merged scheme.
2. Dividend option and Growth option under the merging scheme will be merged with Dividend option and Growth option respectively of the merged scheme.
3. Merger will involve repurchase of units under the merging scheme and switch-over the the merged scheme, hence a transfer of asset. Investors are liable to Capital Gains / Capital Loss, as the case may be.

Those investors who do not approve of the proposed change are given an exit option from February 06, 2009 to March 07, 2009 during which no exit load will be charged to the investors.