Fidelity Mutual Fund today said its equity fund investors will get two free units at current Net Asset Value (NAV), for every 500 held for the past five years.
"We are delighted to offer this loyalty premium to our long-term investors. Equities as an asset class outperform over the long term and it pays to stay invested in equity funds irrespective of market cycles," Fidelity International Managing Director and Country Head Ashu Suyash said.
The units will be added to investors' portfolios tomorrow at the current NAV.
Aimed at rewarding investors, Fidelity hopes to encourage customers to invest and stay invested in the company's equity funds.
"The fund has delivered a compounded annual growth rate (CAGR) of more than 25 per cent over the last five years and helped triple investors money," the statement said.
"Fidelity's approach combined with consistency of risk-adjusted returns has contributed significantly to the fund's long-term performance. We expect investors to continue benefiting from this approach," Equity Fund Manager Sandeep Kothari said.
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At the end of April, the assets under management (AUM) of Fidelity MF stood at Rs 7,684.70 crore.