Fidelity MF introduces Fidelity FMP - Series III - Plan D
Time - 06/09/2010 : 12:39
Fidelity Mutual Fund has announced the New Fund Offer (NFO) of Fidelity Fixed Maturity Plan - Series III - Plan D, a close-ended debt scheme.
The NFO opens for subscription on September 6, 2010 and closes on September 7, 2010. No entry and exit load is applicable, while the tenure of the scheme has been fixed as 92 days from the date of allotment.
The scheme will be benchmarked against CRISIL Liquid Fund Index and the minimum application amount will be Rs 5,000.
The investment objective of the scheme is to seek to generate reasonable returns and reduce interest rate volatility primarily through investment in money market and short to mid term debt instruments having maturity, on or before the date of maturity of a Plan.
