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ING Savings Trust Launches ING Fixed Term Portfolio

ING Savings Trust is launching a closed-end Fund - ING Fixed Term Portfolio. The initial offer period is from 16th September to 20th September, 2002. Basically a fixed maturity plan--the scheme offers several investment plans with maturity ranging from three months to twenty-one months. The minimum investment is Rs. 5000. The fund carries no entry load but exit load of 1% if redeemed before maturity.