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Wednesday, December 31, 2008

Fidelity MF revises load structure

With effect from 1 January 2009

Fidelity Mutual Fund has announced changes in load structure under Fidelity Equity Fund, Fidelity Tax Advantage Fund, Fidelity India Special Situations Fund, Fidelity International Opportunities Fund and Fidelity India Growth Fund, with effect from 1 January 2009.

The fund house has announced that for each purchase application of less than Rs 5 crore, the entry load will be amended to 3% from the existing rate of 2.25% on a prospective basis. In case of SIP/STP registered prior to 1 January 2009, applicable entry load prevalent at the time registration will continue to prevail.

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