Fidelity Mutual Fund today announced that it has expanded its online service offering by allowing Visa debit card holders of 27 banks to purchase Fidelity funds through Fidelity Online (www.fidelity.co.in). This “first-of-its-kind” facility in India has been enabled through the BillDesk platform. The Visa Debit Card payment facility is in addition to the existing internet banking facility which is offered to customers of about 39 banks in India.
Ms. Ashu Suyash, Country Head-India for Fidelity International said, “By allowing Visa Debit card holders to make purchases through Fidelity Online, we have taken the next step in enhancing customer choice and convenience. We are now able to give our investors greater ease in managing their Fidelity portfolios. This facility is available to all customers including advised customers.”
Some of the investor-friendly features of Fidelity Online include:
- View and transact facility
- A multi option payment gateway facility
- Completely secure site with a two-level authentication
- A number of value added tools that help you plan for your children and for your retirement.
In addition, customers can also manage multiple accounts, check valuations, compare benchmarks and update their profile. Fidelity Online also has a comprehensive Learning Centre that offers insights on investing.
ABOUT FIL FUND MANAGEMENT PRIVATE LIMITED:
FIL Fund Management Private Limited (FFMPL), Fidelity International’s Indian asset management company started operations in the country in 2004. Today, with total assets under management of over Rs. 9100 crores (AUM as on 31 May 2011) and more than 10 lakhs customer accounts, FFMPL is among the fastest growing asset management companies in India. In addition to offices in 16 cities, it has a significant web presence which helps investors across India access Fidelity’s funds. Fidelity today offers Indian investors a comprehensive range of well-differentiated investment options through its various equity funds and fixed income / hybrid funds. For more information, please visit www.fidelity.co.in.
ABOUT FIDELITY INTERNATIONAL
Fidelity International provides investment products and services to individuals and institutions in the UK, continental Europe, the Middle East and Asia Pacific. Established in 1969, the company has over 5,400 staff in 23 countries and manages or administers client assets US$309.7 billion as at 31 March 2011. Fidelity has over 7 million customer holdings and manages more than 750 equity, fixed income, property and asset allocation funds. Fidelity’s fund managers receive research from one of the largest proprietary research teams, covering 99% of the world’s largest listed companies. Fidelity International is an independent company which is privately owned.
DISCLAIMERS:
FIL Limited, established in Bermuda, and its subsidiaries are commonly referred to as Fidelity or Fidelity International. Fidelity only gives information about its products and services. Any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment. Investment involves risks. Past performance is not indicative of future performance. Fidelity, Fidelity International, and Fidelity International and Pyramid Logo are trademarks of FIL Limited.
Risk Factors: ?Mutual funds, like securities investments, are subject to market risks and there is no guarantee against loss in the schemes 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 securities markets. ?Past performance of the Sponsor /the AMC/the Mutual Fund does not indicate the future performance of the schemes. ?All schemes shall be subject to the risks associated with the instruments in which they invest. Please read the statement of additional information of Fidelity Mutual Fund and the scheme information documents of the respective schemes 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 limited liability is the Trustee to the Fund. FIL Fund Management Private Limited, a company incorporated under the Companies Act, 1956, with limited liability is the Investment Manager to the Fund. Fidelity, Fidelity International and Pyramid Logo are trademarks of FIL Limited.