ING Mutual Fund has informed that ING C.U.B. (Competitive Upcoming Business) Fund will be converted into an open-ended scheme. The scheme was launched in August 2006 as a three years closed-ended scheme, to be subsequently converted into open-ended scheme.
Consequent to the change, for all the prospective investors, an exit load of 1% for redemptions within 365 days will apply.
The aforesaid conversion would come into effect from Sep.10, 2009.
ING Vysya C.U.B Fund seeks to provide long-term capital appreciation by investing pre-dominantly in a diversified portfolio of equity and equity-related securities of companies of small market capitalization.
Consequent to the change, for all the prospective investors, an exit load of 1% for redemptions within 365 days will apply.
The aforesaid conversion would come into effect from Sep.10, 2009.
ING Vysya C.U.B Fund seeks to provide long-term capital appreciation by investing pre-dominantly in a diversified portfolio of equity and equity-related securities of companies of small market capitalization.
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