Fortis MF Mutual fund has decided to revise the entry as well as exit load structure of all the schemes of the fund house effective from August 1, 2009. Accordingly, there will be no entry load for purchase/additional purchase/switch-in accepted by the fund.
Similarly, there will be no entry load charged with respect to applications for registrations under systematic investment plans/systematic transfer plans accepted by the fund.
The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor's assessment of various factors.
However, there will be an exit load up to 1% of the redemption value changed to the unit holder by the fund on units' redemption shall be retained by each of the schemes/plans in a separate account and will be utilized for commissions' payment to the ARN holders and meet other marketing as well as selling expenses.
Similarly, there will be no entry load charged with respect to applications for registrations under systematic investment plans/systematic transfer plans accepted by the fund.
The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor's assessment of various factors.
However, there will be an exit load up to 1% of the redemption value changed to the unit holder by the fund on units' redemption shall be retained by each of the schemes/plans in a separate account and will be utilized for commissions' payment to the ARN holders and meet other marketing as well as selling expenses.
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