Posts filed under 'Fidelity Mutual Fund'
The following is a list of ongoing Mutual Fund New Fund Offers (NFO)s.
Baroda Pioneer Mutual Fund
Baroda Pioneer Public Sector Undertaking (PSU) Bond Fund
DSP BlackRock Mutual Fund
DSP BlackRock World Mining Fund
Fidelity Mutual Fund
Fidelity India Value Fund
Franklin Templeton Mutual Fund
Franklin Templeton Fixed Tenure Fund - Series XIII - Plan A
Templeton India Income Opportunities Fund
IDFC Mutual Fund
IDFC Fixed Maturity Plan Seventeen Month Series 1
Kotak Mahindra Mutual Fund
Kotak FMP 18M Series 3
Reliance Mutual Fund
Reliance Fixed Horizon Fund - XIII - Series 3
Sundaram BNP Paribas Mutual Fund
Sundaram BNP Paribas - Select Thematic Funds - PSU Opportunities
December 10th, 2009
Entry and exit at pre-set levels to help investors take charge of their investments
Hyderabad, October 7, 2009 – Fidelity Mutual Fund is launching a new feature – Auto Switch - for its funds. The Auto Switch facility allows investors to automatically switch in to and switch out of Fidelity’s equity funds based on pre-set entry and exit trigger levels. With the Auto Switch – Entry Facility, investors can invest in any of Fidelity’s fixed income funds and switch in to any of Fidelity’s equity funds at pre-set BSE Sensex levels. Conversely, the Auto Switch – Exit Facility allows investors to switch in to fixed income funds, the appreciation of their investments in equity funds or the appreciation plus the principal at pre-set NAV levels. The Auto Switch facility will be available from October 8, 2009.
Speaking about the launch of the Auto Switch Facility, Ashu Suyash, Managing Director and Country Head – India, Fidelity International, said, “In our conversations with investors during volatile markets, we found that there was a need for some product features that would help investors take charge of their investments. Fidelity’s Auto Switch facility allows investors to invest in our equity funds at market levels that they are comfortable with and it allows them to book their gains at specified NAV appreciation levels so that they do not forego accrued returns. The pre-determined triggers for entry and exit take emotion and sentiment out of the decision.”
The Auto Switch – Entry Facility gives investors the choice of specifying up to four trigger points linked to BSE Sensex levels and they can choose the percentage of units to be transferred from a fixed income fund to the equity fund of their choice, in multiples of 5% with a minimum of 10%. In the Auto Switch - Exit Facility, triggers would be based on the percentage appreciation in NAV, with investors specifying the exact trigger value in multiples of 5% with a minimum of 10%. Once the exit trigger activates, the investor will have the option of redeeming the appreciation value or the total investment. Exit loads will apply as applicable to the selected fund.
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. 9200 crores (Source: AMFI - average AUM in September 2009) and more than 16 lakh customer accounts, Fidelity offers Indian investors investment options through its five 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$179.8 billion in assets under management (as at June 30, 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$1.3 trillion (as at June 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.
Media contacts: Kiran Makhija / SV Shweta, Adfactors PR, 9820937572 / 9619105070, kiran.makhija@adfactorspr.com; sv.shweta@adfactorspr.com
October 7th, 2009
Draft offer documents of the following Mutual fund schemes are submitted to SEBI for approval and are now put on SEBI website for public view and commenting:
Fidelity European Dynamic Growth Fund
Fidelity Global Industrials and Natural Resources Fund
IDFC Fixed Maturity Plan- Monthly Series
Quantum Tax Saving Fund
Religare AEGON Tax Saver Fund
Religare Aegon Business Leaders Fund
October 16th, 2008
Scheme Name
Fidelity Fixed Maturity Plan - Series 1 - Plan C
Objective of Scheme
To seek to generate reasonable returns and reduce interest rate volatility primarily through investment in money market and short term debt instruments with a maturity profile generally in line with a Plan’s duration.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
15-Sep-2008
New Fund Earliest Closure Date
22-Sep-2008
New Fund Offer Closure Date
22-Sep-2008
Indicate Load Separately
Entry: Nil. Exit: For redemption before the date of maturity of a Plan – 2.00%, For redemption on maturity of a Plan – Nil. A switch-out will also attract an Exit Load like any Redemption.
Offer Price (Rs.)
10
Minimum Subscription Amount
5000 / 10000000
Maturity
The term of a Plan would be 370 days from the date of allotment and the Units under a Plan would be fully redeemed at the end of its tenure i.e. 370 days from the date of allotment of Units under the Plan, unless rolled over as per SEBI Regulations. The redemption proceeds will be dispatched to the Unit Holders within 10 Business Days from the date of maturity of a Plan. If the day on which a Plan is maturing is a non-Business Day, then the Plan will mature on the immediately next Business Day.
Sub-plans
Each Plan offers two Sub-Plans - Retail Plan and Institutional Plan.
Options
Each sub-plan offers Growth option and the Dividend option. Any dividend declared under the Dividend Option will be compulsorily paid out.
September 19th, 2008
Scheme Name
Fidelity Fixed Maturity Plan - Series 1 - Plan B
Objective of Scheme
To seek to generate reasonable returns and reduce interest rate volatility primarily through investment in money market and short term debt instruments with a maturity profile generally in line with a Plan’s duration.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
3-Sep-2008
New Fund Earliest Closure Date
10-Sep-2008
New Fund Offer Closure Date
10-Sep-2008
Indicate Load Separately
Entry: Nil. Exit: For redemption before the date of maturity of a Plan – 2.00%, For redemption on maturity of a Plan – Nil. A switch-out will also attract an Exit Load like any Redemption.
Offer Price (Rs.)
10
Minimum Subscription Amount
5000 / 10000000
Maturity
The term of a Plan would be 370 days from the date of allotment and the Units under a Plan would be fully redeemed at the end of its tenure i.e. 370 days from the date of allotment of Units under the Plan, unless rolled over as per SEBI Regulations. The redemption proceeds will be dispatched to the Unit Holders within 10 Business Days from the date of maturity of a Plan. If the day on which a Plan is maturing is a non-Business Day, then the Plan will mature on the immediately next Business Day.
September 10th, 2008
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