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ING Vysya L.I.O.N. Fund


ING Vysya Mutual Fund has launched a diversified equity fund. Named as ING Vysya L.I.O.N. Fund (Large Cap, Intermediate Cap, Opportunities, New Offerings), it will invest in stocks across the entire market capitalisation range. The fund will be initially available for subscription from November 18 to December 9, 2005.

The fund will invest at least 75-100 per cent of its assets in equities, of which at least 20 per cent will be invested in large-cap stocks, while 0-70 per cent will be invested in the stocks of mid-cap companies and 0-40 per cent in the small-caps. The fund can also park up to 25 per cent of its assets in money market instruments. It will be benchmarked against BSE 100 index.

During the new fund offer period, the fund will not charge any entry load. However, an exit load of 2.25 per cent will be charged for investments below Rs 1 crore, if redeemed within 180 days from the date of allotment. For investments of an amount equal to or greater than Rs 1 crore but less than Rs 5 crore, an exit load of 1 per cent will be charged, if redeemed within 90 days from the date of allotment. No exit load will be charged on investments of Rs 5 crore or more.