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Wednesday, February 18, 2009

Fortis MF ceases Fortis Flexible Short Term Plan-Series A

With effect from 12 February 2009

Fortis Mutual Fund has wound up Fortis Flexible Short Term Plan-Series A with effect from 12 February 2009.

The fund house ceased to carry any business activities in respect of the scheme. It has also ceased to issue units in the plan and has also ceased to create or cancel units in the plan.

Fortis Flexible Short Term Plan-Series A was launched in May 2007 with an investment 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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