Tuesday, March 3, 2009

Fortis Flexi Debt Fund Changes Minimum Additional Application Amount- March 3, 2009

Fortis Mutual Fund has revised the minimum additional amount for application under regular plan and regular plan A of Fortis Flexi Debt Fund with effect from 2 March 2009.

Accordingly, the scheme proposed that the minimum additional application amount under Growth, Half-yearly dividend, Quarterly dividend, Weekly dividend and Daily dividend options will be Rs 1000 per application and in multiples of Re 1 thereafter.

Before revision, the minimum additional application amount under each Growth, Half-yearly dividend and Quarterly dividend option was Rs 1000 per application and in multiples of Re 1 thereafter. And under Weekly dividend and Daily dividend option it was Rs 1 lakh and Rs 10 lakh per application, respectively, and in multiples of Re 1 thereafter.

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