ING Mutual Fund Declares Exit Load Provisions for Direct Plans

ING Mutual Fund has announced the following changes in exit load of direct plans with immediate effect.

Switch of investments from Existing Plan without Broker Code at the time of investment to Direct Plan shall not be subject to applicable exit load, if any. For any subsequent switch-out or redemption of investment from the Direct Plan, exit load shall be charged based on the original date of investment in existing plan.

Switch of investments from existing plan with broker code at the time of investment to direct plan shall be subject to applicable exit load, if any. For any subsequent switch-out or redemption of investment from direct plan, no load shall be charged.

Switch of investments from Direct plan to existing plan, shall not be subject to exit load.

However, for any subsequent switch-out or redemption of investment from existing plan, exit load shall be charged, based on the original date of investment in direct plan.