Fidelity mutual fund has filed an offer document with Securities and Exchange Board of India (Sebi) to launch Fidelity European Dynamic Growth Fund, an open ended fund of funds scheme. The offer price of units will be of Rs 10 each.The scheme will invest primarily in Fidelity Funds - European Dynamic Growth (IND) Fund, an offshore fund launched by Fidelity Funds (an open ended investment company incorporated in Luxembourg) and similar to an Indian mutual fund scheme.
The investment objective of Fidelity Funds - European Dynamic Growth (IND) Fund is to aim to achieve long-term capital growth, principally through investment in an actively managed portfolio of companies that have their head office or exercise a predominant part of their activity in Europe. The Fidelity Funds - European Dynamic Growth (IND) Fund will typically have a bias towards medium sized companies with a market capitalisation of between 1 and 10 billion Euros. The scheme offers investment options namely dividend and growth. The dividend option offers dividend payout and dividend re-investment facilities. The minimum investment amount is Rs. 5000.
The investment objective of Fidelity Funds - European Dynamic Growth (IND) Fund is to aim to achieve long-term capital growth, principally through investment in an actively managed portfolio of companies that have their head office or exercise a predominant part of their activity in Europe. The Fidelity Funds - European Dynamic Growth (IND) Fund will typically have a bias towards medium sized companies with a market capitalisation of between 1 and 10 billion Euros. The scheme offers investment options namely dividend and growth. The dividend option offers dividend payout and dividend re-investment facilities. The minimum investment amount is Rs. 5000.
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