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ING C.U.B. Fund to be converted into open-ended scheme


ING Mutual Fund has notified that effective September 10, 2009, ING C.U.B. (Competitive Upcoming Business) Fund will be converted into an open-ended scheme. The scheme was launched in August 2006 as a three years closed-ended scheme, to be subsequently converted into open-ended scheme.

Consequent to the change, for all the prospective investors, an exit load of 1% for redemptions within 365 days will apply.