Fortis MF

Fortis Mutual Fund has announced change in investment pattern indicating characteristics of the portfolio of Fortis Overnight Fund.
The changes are as follows:
(i) With effect from 1 February 2009, the schemes will make investment in/purchase debt and money market instruments with maturity of upto 182 days.
(ii) With effect from 1 May 2009 the schemes will make investment in/purchase debt and money market instruments with maturity of upto 91 days.
(iii) Inter-scheme transfers of the securities having maturity of upto 365 days and held in other schemes of the fund as on 1 February 2009 will be permitted till 31 October 2009.
(iv) With effect from 1 November 2009 inter scheme transfers in the scheme will be permitted for debt and money market instruments with maturity of upto 91 days only.