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Fortis MF: Change of Exit Load under Fortis Flexi Debt Fund and Fortis Short Term Income Fund


With effect from February 06, 2009, the exit load applicable under the following schemes shall stand revised as below:

Fortis Flexi Debt Fund
For investments of upto Rs. 1 crore, exit load of 1% is applicable if units are redeemed within 12 months.

(Currently, variable exit load ranging from 0.75% to 2% was applicable for investments of upto Rs. 25 lakhs if redeemed within 18 months, while higher investments (upto Rs. 1 crore) were subject to a load of 1% if redeemed within 12 months.)

Fortis Short Term Income Fund
Regular Plan: Exit load of 0.25% if units are redeemed within 3 months.
Institutional and Institutional Plus Plans: Exit load of 0.15% if units are redeemed within 7 days.

(Currently, exit load of 1% is applicable under both the plans if units are redeemed within 6 months.)