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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.