Fidelity Mutual Fund has announced dividends in the Fidelity Flexi Gilt Fund and Fidelity Wealth Builder Fund.
The dividend in the Fidelity Flexi Gilt Fund is Rs. 0.10 per unit (Face Value of Rs.10/- per unit), subject to adequacy and availability of distributable surplus.
The Fidelity Wealth Builder Fund has declared dividend of Rs 0.10, Rs 0.15 and Rs 0.25 per unit (Face Value of Rs.10/- per unit) under Plan A, Plan B and Plan C respectively, subject to adequacy and availability of distributable surplus.
The record date for the dividends is June 28, 2010 and all investors registered in the Dividend options of the funds on this date will receive the dividend.
Pursuant to payment of dividend, the NAV of the dividend options the scheme/ plans will fall to the extent of the amount of dividend declared and statutory levy (if applicable). Under the dividend reinvestment option, the dividend declared will be re-invested at the ex-dividend NAV announced immediately after the record date.
Past performance of Fidelity Flexi Gilt Fund and Fidelity Wealth Builder Fund - Plan A, Plan B and Plan C may or may not be sustained in future.
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About Fidelity Flexi Gilt Fund
Fidelity Flexi Gilt Fund is an open ended gilt scheme that aims to generate sovereign linked returns primarily through investments in securities issued by the Central / State Government or any security unconditionally guaranteed by the Central / State Government. The Fidelity Flexi Gilt Fund is benchmarked to the I Sec Composite Gilt Index.
About Fidelity Wealth Builder Fund
Fidelity Wealth Builder Fund is an open ended fund of funds scheme offering asset allocation options with three Plans. The fund manager uses a two-tier investment approach – asset allocation and fund selection – to invest in Fidelity’s funds.
The Fidelity Wealth Builder Fund offers three Plans with varying levels of exposure to debt and equity that investors can choose from depending on their risk appetite. Under Plan A, the Fund will invest around 15% in equity schemes and the remaining in debt schemes. Under Plan B, the Fund will invest around 30% of net assets in equity schemes and the remaining in debt schemes and under Plan C, the Fund will invest at least 50% of the net assets of the Plan in debt schemes and 50% of the net assets of the Plan in the equity schemes. Free switching between Plans is permitted.
About Fidelity:
FIL Fund Management Private Limited (FFMPL), Fidelity International’s Indian asset management company started operations in the country in 2004. Its first fund, the Fidelity Equity Fund, opened for ongoing subscription in May 2005. Today, with total average assets under management of over Rs.7500 crore (Source: AMFI – Average AUM in May 2010) and more than 17 lakh customer accounts, FFMPL is among the fastest growing new asset management companies in India. In addition to offices in 8 cities and sales coverage over 20 cities, it has a significant web presence which helps investors across India access Fidelity’s funds. With an on-the-ground investment team comprising 6 Fund Managers and 6 Analysts and supported by 3 Sector Analysts in Gurgaon and 3 Regional Sector Analysts based in Hong Kong, Fidelity today offers Indian investors a range of well differentiated investment options through its seven equity funds and five fixed income / hybrid funds.
Fidelity International is one of the world's leading global investment management companies with operations in 23 countries and more than US$ 215 billion in assets under management (as at 31 March 2010). FIL provides mutual funds, retirement services, including defined benefit and defined contribution pension schemes, and specialist institutional mandates to individual and institutional investors outside the Americas. FIL's US affiliate, Fidelity Management and Research LLC (FMR) is one of the US' largest mutual fund companies and manages over US$ 1.5 trillion (as at as at 31 March 2010) in assets. FIL has constant access to the investment analysis carried out by FMR and Pyramis. Central to Fidelity's success is a pioneering spirit, a commitment to innovation that sets new industry standards and an unmatched investment in research, talent, technology and investor education.