Friday, November 28, 2008

Fortis MF Withdraws Fortnightly Optionupto 85% - Nov 28, 2008

Fortis Mutual Fund has withdrawn fortnightly dividend payout option under Fortis Bond Fund with instant effect. The scheme continues to offer monthly, quarterly and annual dividend options. Fortis Bond Fund, the open ended debt fund invests upto 85% of the amount in money market, instruments and the rest in other debt securities.

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