With effect from January 15, 2009, the exit load applicable under Fortis Short Term Income Fund (all plans) stands revised as 1% for redemptions made within 6 months.
Earlier, under Regular and Institutional Plans, an exit load of 0.25% was applicable for redemptions within 15 days and under Institutional Plus Plan, exit load of 0.15% was applicable for redemptions within 90 days.
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Zero tax for foreigners, a tax on inflation for Indians
SEBI wants foreign investors freed from capital gains tax. The Indian saver who stayed while they sold still pays it on gains that are partly just inflation.
Other Episodes
The cost of growing
Growth is only good when it pays its own way
Cap the Investor, Not the Industry
A per-person limit on the fund route would steady the rupee better than freezing the whole industry
Your fund lost money. That doesn't make it a bad fund.
September and October have left most portfolios in the red. That number says more about when you invested than about the fund you chose.
The right question
After 24 years, readers' worries have changed, but the real challenge is still knowing which questions to ask
Informed fund ideas, better judgment. Every month. Mutual Fund Insight, every month since October 2002.
Take charge. Know more. Keep more. Mutual Fund Insight helps you do all three — every month
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