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Fidelity Mutual Fund Change In Asset Allocation

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Fidelity Mutual Fund Change In Asset Allocation

Fidelity Mutual Fund has announced a change in the asset allocation of the following schemes with effect from November 16, 2012.

 

Fidelity India Children's Plan Education

 

For Equity and related securities the maximum allocation of the total net assets has been reduced from 100% to 75%. Whereas a floor limit of debt and money market instruments has been introduced as 25%.

 

Fidelity India Children's Plan Marriage

 

For Gold ETFs the minimum allocation has been fixed as 10%.

 

Fidelity Cash

For CDs, bank FDs, T-Bills, CBLO, Repo/Reverse Repo, the minimum allocation has been fixed as 65%. While for CPs and other debt instruments including securitized debt the maximum allocation has been capped ad 35% .

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