03-Feb-2009
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.)
