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Fortis MF launches Fortis Fixed Term Fund
By Fortis Fixed Term Fund
Wednesday, September 22, 2010
Bangalore: Fortis Mutual Fund has launched its Fortis Fixed Term Fund, a 370 day close-ended income scheme which is available from September 6 to September 14. The minimum investment of the scheme will be Rs.5,000.
The investment objective of the scheme is to achieve growth of capital through investments made in a basket of fixed income securities maturing on or before the maturity of the scheme. As on 31 August, 2010, scheme portfolio AUM (assets under management) of the scheme is Rs. 35 crore.
The incremental investment of the scheme is Rs.10 and the scheme allows NRI investment. The scheme will not charge any entry and exit load and will be managed by Alok Singh.
The investment objective of the scheme is to achieve growth of capital through investments made in a basket of fixed income securities maturing on or before the maturity of the scheme. As on 31 August, 2010, scheme portfolio AUM (assets under management) of the scheme is Rs. 35 crore.
The incremental investment of the scheme is Rs.10 and the scheme allows NRI investment. The scheme will not charge any entry and exit load and will be managed by Alok Singh.
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