Fortis Mutual Fund had approved the automatic conversion of Fortis Sustainable Development Fund from the close ended equity scheme to open ended scheme on the expiry of 3 years from the date of allotment which was 23 April 2007. Accordingly, the units of the scheme upon conversion into an open-ended scheme shall be available for subscription and redemption on every business day with effect from 23 April 2010.

The following are the changes.

Exit Load: 1% is payable if units are redeemed / switched out within 1 year from the date of subscription / switch in. Exit load charge will be nil if units are redeemed / switched out after 1 year from the date of subscription / switch-in.

Systematic Investment Plan (SIP): Under SIP the investor can for a continuous period of time invest a fixed amount at regular intervals for purchasing additional units of the scheme at the applicable NAV.

Systematic Transfer Plan (STP): STP is a facility wherein investors can opt to transfer a fixed amount or capital appreciation amount at regular intervals from specific schemes as mentioned below.

Systematic Withdrawal Facility (SWF): SWP offers unit holders the following two facilities:

Fixed Systematic Withdrawal Facility where the investor issues a standing instruction to withdraw sums at Monthly / Quarterly (calendar quarter) intervals.

Capital Appreciation Systematic Withdrawal Facility where the investor issues a standing instruction to withdraw the entire capital appreciation from the scheme at Monthly / Quarterly intervals.

If the unit holders are not in agreement with the above changes can exit without load from the scheme by exercising an option from 23 March 2010 to 22 April 2010 (both days inclusive).

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