Fortis MF announces changes in minimum application amount

25 Feb 2009 | 11:30 Fortis MF announces changes in minimum application amount
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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