ING introduces exit load in Short Term Income Fund

0.75% exit load to apply on redemptions within 9 months

Mumbai: ING Mutual Fund has introduced exit load in ING Short Term Income Fund with effect from September 20, 2011.

The fund house will charge 0.75 per cent exit load if units are redeemed within 9 months from the date of allotment. The scheme currently does not charged any exit load.

ING Short Term Income Fund is an open ended income scheme with investment objective to generate an attractive return for its investors consistent with capital preservation and liquidity by investing in portfolio of quality debt securities, money market instruments and structured obligations.