News: Fidelity launches India Special Situations Fund
(BL 29/03/2006) Mumbai - Fidelity Fund Management today launched the Fidelity India Special Situations Fund. This open-ended equity fund would invest in Indian companies that are in special situations. The fund house has termed special situations as companies that are in turnarounds, those with under appreciated growth, with new products or new business streams.
These situations present an investment opportunity to a fund manager who can foresee and interpret the implications of the opportunity early enough, according to fund house officials. Fidelity has similar funds in other parts of the world, including Japan and the UK, said Ashu Suyash, its Country Head.
The minimum application amount is Rs 5,000. The fund charges an entry load of 2.25 per cent for purchases less than Rs 5 crore and an exit load of 1 per cent for redemptions within the six months. The NFO remains open till April 26.
These situations present an investment opportunity to a fund manager who can foresee and interpret the implications of the opportunity early enough, according to fund house officials. Fidelity has similar funds in other parts of the world, including Japan and the UK, said Ashu Suyash, its Country Head.
The minimum application amount is Rs 5,000. The fund charges an entry load of 2.25 per cent for purchases less than Rs 5 crore and an exit load of 1 per cent for redemptions within the six months. The NFO remains open till April 26.
posted by InCar Group Press Room at 17:36
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