ING Mutual Fund has announced a revision in Annual Recurring Expenses under ING Optimix Asset Allocator Multi Manager FOF.
Now management fees will be 0.750 per cent and total annual recurring expenses will be 2.50 per cent. Earlier management fees used to be 0.50 per cent and total annual recurring expenses used to be 0.750 per cent.
Investors who wish to continue can do so without doing anything. However, Investors who want to exit from the scheme can redeem their units from January 10, 2011 to February 8, 2011 without paying any exit load.