Fortis Mutual Fund has announced change in load structure of Fortis Money Plus Fund. The scheme will charge an exit load of 0.15% if units are redeemed/switched-out within 7 days from the date of investment effective from 15 December 2008. Earlier the scheme charged an exit load of 0.15% if units were redeemed/switched-out within 15 days from the date of investment. As before, the entry load was nil. Fortis Money Plus Fund is an open ended income scheme with the primary objective to provide income consistent with the prudent risk from a portfolio comprising of floating rate debt instruments, fixed rate debt instruments, money market instruments and derivatives.
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