Date : Mar-03-2009
Fortis Mutual Fund has ceased Fortis Flexible Short Term Plan-Series B with effect from February 27, 2009. The scheme has been ceased because it fell to fulfill the provision of the minimum investors of 20 in the schemes, as stated in Regulation 39 (2)(c) of Securities and Exchange Board of India Regulations, 1996. The fund house wound up carrying any business activities in respect of the scheme. In line with this, it has also ceased to issue units in the plan as well as to create or cancel units in the plan.
Fortis Mutual Fund has ceased Fortis Flexible Short Term Plan-Series B with effect from February 27, 2009. The scheme has been ceased because it fell to fulfill the provision of the minimum investors of 20 in the schemes, as stated in Regulation 39 (2)(c) of Securities and Exchange Board of India Regulations, 1996. The fund house wound up carrying any business activities in respect of the scheme. In line with this, it has also ceased to issue units in the plan as well as to create or cancel units in the plan.
Fortis Flexible Short Term Plan-Series B was launched in May 2007 with an objective to seek to generate steady returns through investments made in a portfolio of fixed income securities.
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