Large Cap. – MOSt Fund – 1st April 2011
Scheme Objective
It aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities by following the ‘bottom-up’ approach. Fidelity Equity has no size bias, no sector bias, no trend bias and no recent performance bias. It aims to spread investments across 60 – 80 stocks.
Scheme Analysis
Fidelity Equity Fund is positioned with no sector bias, no market-cap bias and no style bias. Despite being labelled as aggressive fund, it has
major exposures in Large Cap stocks. Some of top-holding stocks are Reliance Industries (7.01%), Infosys (4.97%), HDFC Bank (4.16%), ITC
(4.47%) and TCS (4.06%). The Fund is highly bullish on Banking stocks with 17.41% exposure followed by 12.44% and 10.91% in Petroleum and Software respectively. Its 3-year and 5-year annualised return are 14.67% and 15.32%
against the category average of 7.74% and 9.97% respectively.
At a Glance
| Latest NAV (Gr) | Rs. 36.41 (Mar 31, 11) |
| Latest NAV (Div) | Rs. 21.51 (Mar 31, 11) |
| Fund Category | Equity Diversified |
| Type | Open Ended |
| Exit Load (%) | 1% (< 365 days) |
| Inception Date | 16-May-05 |
| Net Assets (Rs. Cr.) | 2978.76 (31-Dec-2010) |
Fund Manager
Sandeep Kothari (Since July 2006)
Portfolio Attributes
| Top 5 Holdings | 24.66% |
| No. of Stocks | 66 |
| Exposure to Sensex | 50.28% |
| Exposure to Nifty | 58.43% |
| Portfolio PE Trailing | 21.96 |
| Expense Ratio | 1.85% (30-Sep-10) |
Dividends Declared
| 17-Jan-11 | 15% |
| 2-Mar-10 | 10% |
| 13-Mar-08 | 25% |