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Wednesday, February 25, 2009

Fortis MF announces changes in minimum application amount

With effect from 2 March 2009

Fortis Mutual Fund has announced the changed in minimum application amount for Fortis Flexi Debt Fund under regular plan and regular plan A, with effect from 2 March 2009.

Accordingly, the scheme proposed minimum application amount under Growth, Half-yearly dividend, Quarterly dividend, Weekly dividend and Daily dividend options as Rs 5000 per application and in multiples of Re 1 thereafter.

Existing minimum application amount under Growth option is Rs 5000 per application and in multiples of Re 1 thereafter. Under Half-yearly dividend and Quarterly dividend option the minimum application amount is Rs 20,000 per application and in multiples of Re 1 thereafter. And under Weekly dividend and Daily dividend option it is Rs 1 lakh and Rs 10 lakh per application respectively and in multiples of Re 1 thereafter.

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