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ING Mutual Fund merges into Birla Sun Life Asset Management


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Birla Sun Life Mutual Fund has acquired ING Mutual Fund. After the acquisition, all mutual fund schemes and portfolio management accounts of ING will be managed by Birla Sun Life. Below mentioned is the list of schemes merged.

Current NameTo be merged intoProposed New Names
ING Financial Planning Fund-Cautious PlanING Active Debt Multi Manager FoF SchemeBirla Sun Life Active Debt Multi Manager FoF Scheme
ING Income Growth Multi Manager FoF Scheme 15% EquityING Financial Planning Fund-Conservative PlanBirla Sun Life Financial Planning FoF Conservative Plan
ING Income Growth Multi Manager FoF Scheme 30% EquityING Financial Planning Fund-Prudent PlanBirla Sun Life Financial Planning FoF Prudent Plan
Current NameProposed New Names
ING Tax Savings FundBirla Sun Life Tax Savings Fund
ING Balanced FundBirla Sun Life Dynamic Asset Allocation Fund
ING Global Commodities FundBirla Sun Life Global Commodities Fund
ING Global Real Estate FundBirla Sun Life Global Real Estate Fund
ING Latin America Equity FundBirla Sun Life Latin America Equity Fund
ING 5 Star Multi Manager FoF SchemeBirla Sun Life 5 Star Multi Manager FoF Scheme
ING Asset Allocator Multi Manager FoF SchemeBirla Sun Life Asset Allocator Multi Manager FoF Scheme
ING Financial Planning Fund-Aggressive PlanBirla Sun Life Financial Planning FoF Aggressive Plan
ING Financial Planning Fund-Conservative PlanBirla Sun Life Financial Planning FoF Conservative Plan
ING Financial Planning Fund-Prudent PlanBirla Sun Life Financial Planning FoF Prudent Plan
ING Active Debt Multi Manager FoF SchemeBirla Sun Life Active Debt Multi Manager FoF Scheme

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Except from ING Tax Savings Fund, there will be change in fundamental attributes.

The existing unit holders, who do not approve of the above merger, have an option to exit the scheme anytime between September 08, 2014 to October 09, 2014 without paying any exit load.



 
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