Talking to Deccan Herald, about the strategy, Fidelity India Value Fund, Fund Manager, Nitin Bajaj said “When I look at stocks in India I believe there are various valuation anomalies. So, keeping in mind the fundamentals of a company, value investing is a good option.”
Fidelity India Value Fund will invest at least 80 per cent of the assets in equities and the rest in exchange-traded funds, debt and money market instruments. The fund can also invest up to a tenth of its assets in foreign securities. Its new fund offer (NFO) will remain open from November 16 to December 15, 2009. The minimum amount for investments is Rs 5000, the firm said.
(Published 23 November 2009, 15:29 IST)
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