Monday, January 19, 2009

Fortis Mutual Fund Has Closed Fortis Interval Fund - Jan 19, 2009

Fortis Mutual Fund has closed Fortis Interval Fund - Quarterly Plan K (including plans/options thereunder) with effect from January 16, 2009. The fund house ceased to carry any business activities in respect of the scheme. Along with this, it has also ceased to issue units in the plan and has also ceased to create or cancel units in the plan.

Fortis Interval Fund - Quarterly Plan K, which was launched in December 2007 with an objective to seek to generate steady returns through investments made in a basket of fixed income securities, with a provision to offer liquidity at periodic interval.

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