Fidelity Mutual Fund has announced dividends in the Fidelity Equity Fund and the Fidelity India Special Situations Fund. The dividend in the Fidelity Equity Fund is Re. 1.00 per unit (Face Value of Rs.10 per unit) and the dividend in the Fidelity India Special Situations Fund is Rs.1.50 per unit (Face Value of Rs.10 per unit), both subject to availability of distributable surplus. All investors registered in the Dividend Option of the two funds as on March 2, 2010 will be entitled to this dividend which will be tax-free in the hands of the investors.
Pursuant to payment of dividend, the Net Asset Value per unit of the dividend options of the respective schemes will fall to the extent of the payment and statutory levy (if applicable). Under the dividend reinvestment option, the dividend declared will be re-invested in the respective dividend option at the applicable Net Asset Value (NAV) of the business day immediately following the Record Date.
About Fidelity
Fidelity International's Indian asset management company started operations in the country with its first fund, the Fidelity Equity Fund, which was launched in March 2005. Today, with total assets under management of over Rs. 7935 crores (average AUM in January 2010) and more than 16 lakh customer accounts, Fidelity offers Indian investors investment options through its seven equity funds and five fixed income / hybrid funds. For more information, please visit www.fidelity.co.in
FIL Fund Management Private Limited is the Indian arm of Fidelity International, one of the world's leading global investment management companies with operations in 23 countries and more than US$ 211 billion in assets under management (as at December 31, 2009). 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$1.4 trillion (as at September 30, 2009) 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.
CI01482
Scheme classification and investment objectives: Fidelity Equity Fund (“FEF”) is an open ended equity growth scheme with an objective to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. Fidelity India Special Situations Fund (“FISS”) is an open ended equity growth scheme with an objective to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives. Loads: FEF and FISS: - Exit: For redemption within 1 year from the date of allotment or purchase applying First in First out basis – 1%. A switch-out or a withdrawal under SWP or a transfer under STP may also attract an exit load / CDSC like any redemption. Risk factors: ? Mutual funds, like securities investments, are subject to market risks and there is no guarantee against loss in the scheme or that the schemes’ objectives will be achieved. ? As with any investment in securities, the NAV of the units issued under the schemes can go up or down depending on various factors and forces affecting capital markets. ? Past performance of the Sponsor/the AMC/the Mutual Fund does not indicate the future performance of the schemes. ?Investments in the scheme(s) will be affected by trading volumes, settlement periods, volatility, price fluctuations, inability to sell securities, disinvestment of holdings of any unlisted stocks prior to target date of disinvestment, credit risk and interest rate risk. Additionally investments in FISS will also be affected by the risks associated with investments in derivatives. ? FEF and FISS are the names of the schemes, and they do not in any manner indicate the quality of the schemes, its future prospects or returns. ? Please read the Scheme Information Documents of the schemes and the Statement of Additional Information carefully before investing. Statutory: Fidelity Mutual Fund (‘the Fund’) has been established as a trust under the Indian Trusts Act, 1882, by FIL Investment Advisors (liability restricted to Rs. 1 Lakh). FIL Trustee Company Private Limited, a company incorporated under the Companies Act, 1956, with a limited liability is the Trustee to the Fund. FIL Fund Management Private Limited, a company incorporated under the Companies Act, 1956, with a limited liability is the Investment Manager to the Fund. Fidelity, Fidelity International and Pyramid Logo are trademarks of FIL Limited.