ING Mutual Introduces STP from a Multi Manager to a Single Manager Scheme

ING Mutual Fund has announced that with effect from July 1, 2011, Systematic Transfer Plan (STP) facility from a Multi Manager Scheme to a Single Manager Scheme offered by ING Mutual Fund and vice versa would be allowed. However, STP from/to ING Optimix Global Commodities Fund, ING Global Real Estate Fund and ING Latin America Equity Fund would continue to not being available.
Effective July 1, 2011, the monthly Systematic Transfer Plan facility from/to would be available under ING Optimix Financial Planning Fund – Cautious Plan, Conservative Plan, Prudent Plan and Aggressive Plan as per the following terms:1) The minimum amount of STP per transfer will be Rs 1000 and in multiple of Rs 1002) The transfer will be by the way of minimum of 6 monthly switches.

Source:http://www.valueresearchonline.com

Thank you,
Pravin N Gurav
DENIP Consultant Pvt Ltd.