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Monday, December 22, 2008

Fidelity MF declares dividend

Record date for dividend is 26 December 2008

Fidelity Mutual Fund has announced a dividend of Rs. 0.70 per unit (Face Value of Rs.10 per unit) in its open-ended, gilt scheme, the Fidelity Flexi Gilt Fund, subject to availability of distributable surplus. All investors registered in the Dividend Option as on 26 December 2008 will be entitled to this dividend which will be tax-free in the hands of the investors.

On the ex-dividend date, the NAV of the dividend option will reduce in line with the amount of dividend declared and statutory levy (if applicable). Under the dividend reinvestment option, the dividend declared will be re-invested at the ex-dividend NAV.

Fidelity Flexi Gilt Fund, an open ended gilt scheme that aims to generate sovereign linked returns primarily through investments in securities issued by the Central / State Government or any security unconditionally guaranteed by the Central / State Government. Sameer Kulkarni is the fund manager of the Fidelity Flexi Gilt Fund, which is benchmarked to the I Sec Composite Gilt Index.

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