Apr 3, 2008

Mutual Funds News - Fidelity MF files an offer document

Fidelity MF files an offer document

Fidelity MF has unveiled a new fund called Fidelity Flexi Gilt Fund and it is an open - ended gilt scheme. The primary objective of the scheme is to generate sovereign linked returns primarily through investments in sovereign securities issued by the central government and/ or a state government or repos/ reverse repos in such securities or any security unconditionally guaranteed by the central / state government.

The scheme offers investment under two options namely dividend and growth. Dividend option further offers dividend payout, and reinvestment facilities. The scheme will invest up to 100% of its portfolio in securities, issued by central government/ state government(s) including reverse repo and money market instruments. The scheme may invest in offshore securities up to 25% of net assets.