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Fortis Flexi Debt / Bond Fund: Change in Exit Load Structure


The exit load structure under Fortis Bond Fund and Fortis Flexi Debt Fund will be revised with effect from December 10, 2008. The change proposed is as follows:

Revised Exit Load:

  • For application amount upto Rs 25 lakhs, 2% if units are redeemed within 6 months, 1.50% if units are redeemed after 6 months but within 12 months, 0.75% if units are redeemed after 12 months but within 18 months.
  • For application amount more than Rs. 25 lakhs but upto Rs 1 crore, 1% if units are redeemed within 12 months.
  • No exit load is chargeable for application amount more than Rs. 1 crore.
However, as earlier, no entry load is chargeable under the schemes.

Existing exit load structure under both these schemes is as follows:
For application amount upto Rs. 3 crores, exit load of 1% if units are redeemed within 12 months from the date of allotment.