Fidelity MF Launches India Growth Fund

Fidelity Mutual Fund has come out with a new open-ended equity fund called Fidelity India Growth Fund. 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.