ING MF extends NFO period under Latin America Equity Fund

ING mutual fund has extended the closing date of new fund-offering (NFO) period of ING Latin America Equity Fund to 18 July 2008 instead of 10 July 2008. The issue was opened for subscription on 19 June 2008. ING Latin America Equity Fund is an open-ended fund of fund scheme. The primary investment objective of the scheme is to seek capital appreciation by investing predominantly in ING (L) Invest Latin America Fund. The scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities, in order to meet liquidity requirements from time to time. The minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter. The scheme will offer growth, bonus and dividend options.