Fortis Mutual Fund AUM crosses Rs.10,000 crore

AUM grows by over 100% since December

Fortis Mutual Fund crossed the Rs.10,000 crore mark for assets under management (AUM) on August 11, 2009, thus registering a growth of over 100% in its AUM since December ‘08.

The growth in the AUM can be attributed to the consistent performance of its fixed income funds that are among the best performing funds~ in their respective categories.

Commenting on this growth, Mr. Nikhil Johri, Managing Director, Fortis Investments, India said, “Achieving this milestone in such challenging market conditions speaks volumes about the trust reposed in us by our investors and distributors and we would like to thank them for their support.”