Background: Fidelity International's Indian asset management company started operations in the country in 2004. Its first fund, the Fidelity Equity Fund, was launched in March 2005. FIL Fund Management Private Limited is the Indian arm of Fidelity International, one of the world's leading global investment management companies with operations in 23 countries.
FIL provides mutual funds, retirement services, including defined benefit and defined contribution pension schemes, and specialist institutional mandates to individual and institutional investors outside the Americas.
The fund house manages assets worth Rs 9375.38 crore at end of June 2009. Fidelity Equity Fund (G) an open-ended equity diversified scheme launched in March 2005.
The objective of the scheme is objective to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
The minimum investment amount is Rs 5000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 24.06 as on 17 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 17.87 crore to Rs 2546.22 crore in June 2009.
Fidelity Equity Fund (G) took fresh exposure to three stocks in June 2009. The scheme has purchased 6.10 lakh units (1.50%) of Sterlite Industries (India), 6.28 lakh units (1.00%) DLF and 2.10 lakh units (0.35%) K E C International.
The scheme exited completely from Petronet LNG by selling 6.05 lakh units (0.15%) in June 2009.
Sector-wise, the scheme took fresh exposure to Mining/Minerals/Metals at 1.50% Transmisson Line Towers/Equipment at 0.35% in June 2009. Sector-wise, the scheme did not exit completely from any sectors in June 2009.
The scheme had highest exposure to Reliance Industries with 9.81 lakh units (8.84% of portfolio size) followed by State Bank of India with 7.47 crore units (5.53%), HDFC Bank with 7.53 lakh units (4.30%) and Bharti Airtel with 11.04 crore units (3.58%) among others in June 2009.
It reduced its exposure from ITC by selling 3.79 lakh units to 46.40 lakh units (by 1.31%), Cipla by selling 2837 units to 32.21 lakh units (0.99%), Sun Pharmaceuticals Industries by selling 94027 units to 2.08 lakh units (0.90%) and Hindustan Unilever by selling 1.40 lakh units to 28.06 lakh units (0.84%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Banks-Public Sector at 11.54% (from 10.53% in May 2009), followed by Banks-Private Sector at 9.21% (8.17%), Refineries at 8.84% (8.77%) and Telecommunications-Service Provider at 5.00% (5.63%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Pharmaceuticals-Indian-Bulk Drugs & Formulation to 3.84% (by 1.89%), Cigarettes to 3.37% (by 1.31%), Personal Care-Multinational to 2.57% (by 0.84%) and Telecommunications-Service Provider to 5.00% (by 0.63%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE 200 Index. The scheme has outperformed the benchmark index over most of the time periods.
The scheme has posted returns of 3.73% outperforming the BSE 200 Index that gained 1.77% over 1 month period ended 17 July 2009.
Over 3 months period, the scheme advanced by 33.65% underperforming the BSE 200 Index that gained 38.04%. It rose 17.98% outperforming the benchmark index that increased by 12.93% over 1 year period.
FIL provides mutual funds, retirement services, including defined benefit and defined contribution pension schemes, and specialist institutional mandates to individual and institutional investors outside the Americas.
The fund house manages assets worth Rs 9375.38 crore at end of June 2009. Fidelity Equity Fund (G) an open-ended equity diversified scheme launched in March 2005.
The objective of the scheme is objective to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
The minimum investment amount is Rs 5000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 24.06 as on 17 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 17.87 crore to Rs 2546.22 crore in June 2009.
Fidelity Equity Fund (G) took fresh exposure to three stocks in June 2009. The scheme has purchased 6.10 lakh units (1.50%) of Sterlite Industries (India), 6.28 lakh units (1.00%) DLF and 2.10 lakh units (0.35%) K E C International.
The scheme exited completely from Petronet LNG by selling 6.05 lakh units (0.15%) in June 2009.
Sector-wise, the scheme took fresh exposure to Mining/Minerals/Metals at 1.50% Transmisson Line Towers/Equipment at 0.35% in June 2009. Sector-wise, the scheme did not exit completely from any sectors in June 2009.
The scheme had highest exposure to Reliance Industries with 9.81 lakh units (8.84% of portfolio size) followed by State Bank of India with 7.47 crore units (5.53%), HDFC Bank with 7.53 lakh units (4.30%) and Bharti Airtel with 11.04 crore units (3.58%) among others in June 2009.
It reduced its exposure from ITC by selling 3.79 lakh units to 46.40 lakh units (by 1.31%), Cipla by selling 2837 units to 32.21 lakh units (0.99%), Sun Pharmaceuticals Industries by selling 94027 units to 2.08 lakh units (0.90%) and Hindustan Unilever by selling 1.40 lakh units to 28.06 lakh units (0.84%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Banks-Public Sector at 11.54% (from 10.53% in May 2009), followed by Banks-Private Sector at 9.21% (8.17%), Refineries at 8.84% (8.77%) and Telecommunications-Service Provider at 5.00% (5.63%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Pharmaceuticals-Indian-Bulk Drugs & Formulation to 3.84% (by 1.89%), Cigarettes to 3.37% (by 1.31%), Personal Care-Multinational to 2.57% (by 0.84%) and Telecommunications-Service Provider to 5.00% (by 0.63%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE 200 Index. The scheme has outperformed the benchmark index over most of the time periods.
The scheme has posted returns of 3.73% outperforming the BSE 200 Index that gained 1.77% over 1 month period ended 17 July 2009.
Over 3 months period, the scheme advanced by 33.65% underperforming the BSE 200 Index that gained 38.04%. It rose 17.98% outperforming the benchmark index that increased by 12.93% over 1 year period.
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