Date : Jan-08-2009
Fortis Mutual Fund has introduces the additional plan- Institutional plan under the Fortis Interval Fund - Quarterly Plan K and Fortis Interval Fund - Quarterly Plan L with effect from January 13, 2009 and January 20, 2009, respectively. However, the institutional plan under Fortis Interval Fund - Quarterly Plan K shall open and close for subscription on January 13, 2009 while on the other hand the institutional plan under Fortis Interval Fund - Quarterly Plan L will open and close for subscription on January 20, 2009.
In line with this, the institutional plan will offer growth as well as the dividend options with two facilities- automatic renewal and automatic redemption facility with the default facility as automatic renewal.
Under the institutional plan, the minimum application amount is Rs 1 crore and thereafter-in multiples of Re 1. There will be not any entry load but there may be an exit load 4% at all time, except the interval periods.
Fortis Interval Fund - Quarterly Plan K & Fortis Interval Fund - Quarterly Plan L are debt oriented interval funds with an objective to generate steady returns through investments made in a basket of fixed income securities, with a provision to offer liquidity at periodic interval.
Fortis Mutual Fund has introduces the additional plan- Institutional plan under the Fortis Interval Fund - Quarterly Plan K and Fortis Interval Fund - Quarterly Plan L with effect from January 13, 2009 and January 20, 2009, respectively. However, the institutional plan under Fortis Interval Fund - Quarterly Plan K shall open and close for subscription on January 13, 2009 while on the other hand the institutional plan under Fortis Interval Fund - Quarterly Plan L will open and close for subscription on January 20, 2009.
In line with this, the institutional plan will offer growth as well as the dividend options with two facilities- automatic renewal and automatic redemption facility with the default facility as automatic renewal.
Under the institutional plan, the minimum application amount is Rs 1 crore and thereafter-in multiples of Re 1. There will be not any entry load but there may be an exit load 4% at all time, except the interval periods.
Fortis Interval Fund - Quarterly Plan K & Fortis Interval Fund - Quarterly Plan L are debt oriented interval funds with an objective to generate steady returns through investments made in a basket of fixed income securities, with a provision to offer liquidity at periodic interval.
