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Short Term Income Fund Scheme Launched by Fidelity Mutual Fund

Tuesday, November 30, 2010

Recently, Fidelity Mutual Fund announced the launch of Fidelity Short Term Income Fund. It is an open ended income scheme that aims to generate reasonable returns primarily through investments in fixed income securities and money market instruments.

An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of Fidelity Investment Managers, Managing Director and Country Head - India, Ashu Suyash, “At a time when investors have turned risk averse with hardening interest rates and increasing equity market volatility, we believe that Fidelity Short Term Income Fund could provide reasonable returns even over shorter periods of time.”

As per the news portal, “The NFO for the fund will open from November 19 and closes on November 30.”

So, now the fund is not available. Its closing date is very near now. Now, you can’t buy it.

Further, Ashu Suyash said to ET, “With this launch, we hope to reach out to a wide section of investors with an investment option that will leverage our expertise in bottom-up credit research to provide better post-tax returns over other interest bearing instruments including deposits.”

Short Term Income Fund Scheme of Fidelity Mutual Fund reaches a wide section of investors with an investment option.

About the Short Term Income Fund Scheme of Fidelity Mutual Fund, the news portal writes, “The fund presents a key building block for the asset allocation plans of retail and high net-worth investors and is in line with our overall objective of helping investors in reaching their financial goals.”

So, the fund basically presents a key building block for the asset allocation plans of retail and high net-worth investors and helping investors in reaching their financial goals. The investment plan was just like new open-ended exchange traded fund of Axis Mutual Fund.
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