NFO: Fidelity India Growth Fund

September 21, 2007

Fidelity India Growth Fund NFO opened on September 3 and will close on September 26. The fund would primarily invest in growth oriented companies in Indian and International markets.

The scheme seeks to invest in the best opportunities in the Indian and international markets, without any sector or cap bias. The fund managers will follow bottom up stock picking strategy. The focus will be on companies that offer best value relative to their respective long-term growth prospects, returns in capital and management quality.

However, while investing in the international markets, the fund managers expect to identify such investments which could provide opportunity to participate in the Indian economy. For example - Indian businesses that are listed in international markets or international companies that participate in the Indian economy.

Benchmarked to the BSE 200, the Fidelity India Growth Fund will have a normal allocation to equity and equity related securities of 95 per cent, with a range of 80-100 per cent. It also has the leeway to invest up to 10 per cent in overseas securities.

Posted in Mutual Fund NFO, Mutual Funds, NFO