Fidelity Equity Fund declares 25% dividend

Fidelity Mutual Fund has announced a dividend of 25% (i.e. Rs 2.5 per unit on Face Value of Rs 10) in its open-ended equity fund, the Fidelity Equity Fund. The objective of the Scheme is to generate long-term capital growth from a diversifed portfolio of predominantly equity and equity-related securities.(Check out - Recent MF Dividends )

The record date for the dividend is April 30, 2007, 2006. All investors registered in the Dividend Plan of the scheme as on April 30, 2007 will receive this dividend. Please note that dividend as decided shall be paid, subject to availability of distributable surplus. Pursuant to payment of dividend, the NAV of the schemes would fall to the extent of payout and statutory levy (if applicable).

The last dividend declared by the scheme was 20% in March 2006. Over the last one year, Fidelity Equity Fund has yielded 22.7% as compared to 15.9% given by its benchmark BSE 200 as on April 24, 2007.