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Fortis Short Term Income Fund - Institutional Plan

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How hot is this fund?  © Rediff.com

NAV (Rs)   10.35  24 Nov, 2009
Initial Price10
Min investmentRs 10000000
Entry load Nil
Exit load0.15 %
  * Computed on last 15 days' trading figures.

NAV returns

DurationPercentage
1 week 0.08
1 month 0.43
6 months 2.93
9 months -17.47
1 year -17.47

Profile

Essentials 
Fund categoryDebt - Floaters
Scheme planGrowth
Scheme typeOpen Ended
Launch dateSeptember 13, 2004
Fund managerMr. Chirag Doshi
Fund info 
AMCFortis Investment Management (India) Pvt. Ltd.
ObjectiveTo provide income consistent with the prudent risk from a portfolio comprising substantially of floating rate debt instruments, fixed rate debt instruments swapped for floating rate return, through the use of OTC or exchange traded derivatives. The Scheme may also invest in fixed rate & money market instruments and / or floating rate instruments swapped for fixed rate return through the use of OTC or exchange traded derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.
Asset (Rs crore) 337.24 ( August 31, 2009)
Dividend (%) 0.04 ( November 23, 2009)

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Other details

Registered office101,10th Floor, Sakhar Bhavan, Nariman Point¸ Mumbai¸ Maharashtra - 400021
Tel66563838
Fax66563840
Board of trusteesClick here

Top 10 holdings

CompanyPercentage
Federal Bank26.86
Allahabad Bank12.45
Oriental Bank of11.72
Syndicate Bank2.96
Development Cred2.95
Punj. NationlBak2.94
StateBnkOfTravan2.89
UCO Bank2.84
Andhra Bank1.45
Canara Bank1.16

Top 10 industry allocation

CompanyPercentage
Finance - Banks - Public Sector40.0
Finance - Banks - Private Sector30.0