Fidelity Mutual Fund has announced that from 1 June 2009 onwards Fidelity Equity Fund and Fidelity Tax Advantage Fund will not restrict the maximum exposure to a single sector at 25% of the net assets of the respective scheme.
As per existing provision, maximum exposure to a single sector shall be 25% of the net assets of the schemes, mentioned in their offer documents. This provision will not be applicable from 1 June 2009.