Asset management companies in India pool investors’ funds and direct them towards different avenues like stocks and bonds, depending on the purpose of the investments. Amongst them, Fidelity International mutual funds occupy a reputable position with over 400 research professionals and a diverse team of active fund managers.
Fidelity offers equity, sectoral, fixed income, index and money market funds to cater to every kind of investor. But how do their funds perform in the long run? Here’s a look at Fidelity mutual funds and their market performance.
Launched in 2003 for the Indian Market, Fidelity has devised several funds to cater to investors in the local market. Some of the top Fidelity mutual fund India schemes include the following:
The overall performance of Fidelity mutual funds in India can be gauged by the example of the India Focus Fund. This scheme aims to accumulate long-term capital gains by investing around 70% of the pooled funds into equities of companies based in India or businesses that conduct most of their operations in India.
It comprises top names like ICICI Bank, Infosys, HDFC Bank, HCL Technologies and Reliance Industries.
Here are some highlights from the recent performance of the India Focus Fund.
In 2022, the net asset value (NAV) was at a 52-week high in September, priced at INR 124.90 per unit. The 52-week low was at INR 103.88 in June.
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The Fidelity Low Priced Stock Fund has provided better returns compared to other schemes of this asset management company. It has provided returns of 108.50% since its inception.
The average rate of return varies for each fund. However, most Fidelity funds have maintained an annual performance rate of around 4%.