Fortis Mutual Fund has launched initial offer period of Fortis Fixed Term Plan - Series 14 C on February 19, 2009. The new issue will be closed for the subscription on March 16, 2009. The NFO price for the fund is Rs 10 per unit. The scheme offers two plans- regular as well as institutional plan and along with this will have two sub-options of growth and dividend options. The dividend option offers dividend payout and dividend reinvestment facilities.
Under the regular plan, the minimum amount of investment is Rs. 5,000 and in multiples of Rs 10 thereafter. While under the institutional plan, the minimum amount of investment is Rs. 25 lakh and in multiples of Rs 10 thereafter.
Fortis Mutual Fund is a close-ended income scheme with an objective to achieve growth of capital through investments made in a portfolio of fixed income securities maturing on or before the maturity of the scheme.
Under the regular plan, the minimum amount of investment is Rs. 5,000 and in multiples of Rs 10 thereafter. While under the institutional plan, the minimum amount of investment is Rs. 25 lakh and in multiples of Rs 10 thereafter.
Fortis Mutual Fund is a close-ended income scheme with an objective to achieve growth of capital through investments made in a portfolio of fixed income securities maturing on or before the maturity of the scheme.
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