Fidelity MF Declares Dividend For Equity Schemes

Fidelity Mutual Fund has announced 13 March 2008 as the record date for declaration of dividend under dividend option of Fidelity Equity Fund and Fidelity Tax Advantage Fund. Fidelity Mutual Fund has announced a dividend of 25% i.e. Rs 2.50 per unit on the face value of Rs 10 in its Fidelity Equity Fund, an open-ended growth scheme. The investment objective of the scheme is to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities.

The AMC have also announced a dividend 15% i.e. Rs 1.50 per unit on the face value of Rs 10 in its Fidelity Tax Advantage Fund, an open ended equity linked saving schemes with an objective to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities.