Wednesday, December 17, 2008

Fortis MF ceases its Flexible Short Term Plan-Series D

Date : Dec-17-2008 Fortis Mutual Fund has wound up Fortis Flexible Short Term Plan-Series D (including plans/options there under) effective from 12 December 2008. The fund house will stop 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 D was launched in June 2007 with an investment objective to generate steady returns through investments made in a basket of fixed income securities, with a provision to offer liquidity at periodic interval.

No comments: