Fund objective | To generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, in the Indian markets with higher focus on undervalued securities. The Scheme could also additionally invest in Foreign Securities in international markets. |
NFO opening date | November 16, 2009 |
NFO closing date | December 15, 2009 |
Fund Manager | Nitin Bajaj and Subramanian Balakrishnan (for investment in foreign securities) |
Benchmark Index | BSE – 200 Index |
Scheme reopens on | Not later than January 14, 2010 |
Plans Offered | Growth and Dividend options available. The Dividend option offers payout or reinvestment facilities |
Minimum Initial Application amount | For opening a folio: Rs. 5,000; For SIP: Rs. 5,000 (minimum single investment Rs. 500, minimum 6 cheques) |
Entry load | NIL |
Exit Load | Within 1 year from the date of allotment or Purchase applying First in First Out basis – 1.00% |
SIP availability | Yes |
I would advise investment in a New fund Offer only if it has something new to offer. As far as Fidelity India Value Fund is concerned I don’t see any thing new offered in the fund. It’s just another diversified equity fund with a fancy name.
So for innovation it gets a rating of 1/5
Fidelity entered Indian Mutual Fund Arena in 2005. Presently it has portfolio of around 6 Equity Funds, 8 debt funds & 3 hybrid funds. In the equity space it has two outperforming funds
While it’s other equity funds are average performers.
It offers online investment facility which comes very handy and you can invest at the comforts of your home without paying any commission whatsoever.
Fund House: 3/5
Nitin Bajaj and Subramanian Balakrishnan together are already managing Fidelity India Special Situations which is an average performer for last 3 years. In addition Subramanian Balakrishnan also manages Fidelity India Growth, Fidelity International Opportunities, and Fidelity Equity funds. Except Fidelity Equity there’s nothing outstanding about other funds.
Fund Manager: 3/5
While it makes sense for Fidelity to launch new funds to expand itself but from investors’ perspective I don’t see any new value proposition in the fund. If investors want to invest in Fidelity House then they would be better off by investing in existing schemes – Fidelity Tax Advantage or Fidelity Equity.
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