Welcome to jimtrade
Sign In | Join Free
 
in
Home > Trade News > Fidelity brings Fidelity Wealth Builder Fund
Fidelity brings Fidelity Wealth Builder Fund
 
Fidelity brings Fidelity Wealth Builder Fund
Fidelity International has launched its Fidelity Wealth Builder Fund, an open ended fund of funds scheme offering asset allocation options with three Plans.

The investment objective of the fund is to generate reasonable returns based on the Plan selected with minimum and maximum asset allocation between debt and equity.

The fund manager will use a two-tier investment approach, asset allocation and fund selection to invest in Fidelitys funds. This is a zero entry load Fund with free switching between Plans permitted. The NFO will be open from January 14 to February 5, 2009. The Fund will open for ongoing purchases and redemptions from March 2, 2009.

Ashu Suyash, Managing Director and Country Head of India, Fidelity International, said, "Asset allocation decisions can drive as much as 91.5% of investment returns variability, as studies have shown. In the current market conditions of heightened volatility, a fund like the Fidelity Wealth Builder Fund provides investors a convenient route to benefit from disciplined asset allocation."

The Fidelity Wealth Builder Fund provides three Plans with varying levels of exposure to debt and equity that investors can choose from depending on their risk appetite. Under Plan A, the Fund will invest up to 85% in debt schemes and around 15% in equity schemes.

Under Plan B, the Fund will invest around 30% of net assets in equity schemes and the remaining in debt schemes and under Plan C, the Fund will invest at least 50% of the net assets of the Plan in debt schemes and 50% of the net assets of the Plan in the equity schemes.

Posted On : 1/15/2009 11:28:49 AM

 
 
 
Fidelity brings Fidelity Wealth Builder Fund