Fortis Mutual Fund has revised exit load under its scheme, Fortis Short Term Income Fund. As per the revision, scheme will 0.15 per cent exit load, if units are redeemed within 15 days from the date of allotment. Currently, the scheme charges 0.15 per cent exit load, if units are redeemed within 7 days from the date of allotment. The revision will be effective from 28th July, 2010. Fortis Short Term Income Fund is an open ended income scheme with investment objective to provide income consistent with the prudent risk from a portfolio comprising various debt and money market instruments.
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