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Thursday, January 29, 2009

Fidelity Cash Fund changes its investment pattern

Change will be on a prospective basis

Fidelity Mutual Fund has announces changes in the investment pattern of Fidelity Cash Fund (FCF). The changes will be effected in the offer documents/ scheme information documents/ key information memorandum of Fidelity Mutual Fund on a prospective basis.

In accordance with Sebi circular date 19 January 2009, the investment pattern indicating characteristics of the portfolio of FCF will be changed to the following:

(i) With effect from 01 February 2009, FCF will make investment in/purchase debt and money market securities with maturity of upto 182 days only.

(ii) With effect from 01 May 2009, FCF will make investment in/purchase debt and money market securities with maturity of upto 91 days only.

(iii) Inter-scheme transfers of securities having maturity of upto 365 days and held in other schemes of the fund as on 01 February 2009 will be permitted till 31 October 2009.

(iv) With effect from 01 November 2009, inter-scheme transfers in FCF will be permitted for debt and money market securities with maturity of upto 91 days only.

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