Fortis Mutual Fund has approved the introduction of new investment option as Institutional plan under Fortis Flexible Short Term Plan -Series B, a debt oriented fund. The institutional plan shall open and close for subscription on 24 November 2008. The existing plan under the scheme shall be named as regular plan. Minimum application amount under institutional plan will be Rs 1 crore and in multiples of Re. 1 thereafter. The scheme will not charge any entry. However, there will be 4% of an exit load all times except the interval periods. The minimum application amount under institutional plan will be Rs 1 crore and in multiples of Re 1 thereafter.
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