Fidelity Launches Fidelity Online

Mumbai, Maharashtra, India

Fidelity today announced the launch of Fidelity Online - www.fidelity.co.in - a financial gateway that will help investors learn and plan as well as transact and track their investments in Fidelity Funds. What this means is that investors will be able to invest, redeem and switch their lumpsum and SIP investments online following a short registration process. The STP and SWP facilities are also available online.

Ashu Suyash, Country Head and Managing Director, Fidelity Fund Management, said, "With Fidelity Online, we have taken the next step in developing alternate channels to enhance customer choice and convenience whether he is looking for information or to transact. We are now able to give our investors greater ease in managing their Fidelity portfolios from anywhere, anytime. Whether it is viewing valuations of their portfolios or conducting transactions, Fidelity investors now have the option of doing so at their convenience."

Some of the investor-friendly features of Fidelity Online include:

-- Investors will be able to view and transact under one single ID by linking all folios

-- Payment gateway with 14 banks for lumpsum investments and 10 banks for SIP investments for a direct debit facility

-- Transactions on joint holdings possible (provided both holders have registered)

-- Completely secure site with a two-level authentication

In addition, routine account management, such as obtaining account statements, checking valuations, comparing benchmarks and updating user profile has also become easier. Fidelity Online also has interesting financial tools for investors like my Plan which is an interactive, easy-to-use calculator to help investors with their financial planning, a SIP calculator and a Learning Centre that offers insights on investing.

Fidelity also recently launched Fidelity Anywhere™, a mobile-friendly lite web site. Anyone with a handheld device or a mobile phone which has an internet browser and GPRS connectivity can access Fidelity Anywhere™ (www.fidelityanywhere.co.in). As a lite web site, it is custom created for mobile and handheld devices which makes it quicker to access and easy to navigate. It provides the latest NAVs for Fidelity's funds in India and allows its customers there to request application forms and investor guides which are then delivered via email. Customers who do not have GPRS enabled mobile phones can use the SMS facility to get the latest NAVs.

Fidelity Fund Management Private Limited is the Indian arm of Fidelity International Limited, one of the world's leading global investment management companies with operations in 23 countries. Fidelity International provides mutual funds, retirement services, including defined benefit and defined contribution pension schemes, and specialist institutional mandates to individual and institutional investors outside the Americas. Fidelity International's US affiliate, Fidelity Management and Research LLC (FMR) is one of the US's largest mutual fund companies. Fidelity International has constant access to the investment analysis carried out by FMR and Pyramis. Fidelity International benefits from the insights of nearly a thousand investment professionals around the globe1, covering 95% of the world's stock markets by capitalisation2. Central to Fidelity's success is a pioneering spirit, a commitment to innovation that sets new industry standards and an unmatched investment in research, talent, technology and investor education.

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Sources:

1. FIL Limited and FMR LLC as of 31 December 2007. Data is unaudited. Investment professionals include division management, portfolio managers, traders, research analysts and research associates. These figures reflect the resources of FIL Limited (FIL) and its subsidiaries and FMR LLC, an affiliate, and its subsidiaries.

2. Fidelity Equity Research as of 1 January 2007. These figures reflect the resources of FMR LLC, a US company, and its subsidiaries, and those of FIL Limited, a non-US company and affiliate, and its subsidiaries.

Risk Factors:

▪Mutual funds, like securities investments, are subject to market risks and there is no guarantee against loss in the schemes or that the schemes' objectives will be achieved. ▪As with any investment in securities, the NAV of the Units issued under the schemes can go up or down depending on various factors and forces affecting capital markets. ▪Past performance of the Sponsor or the AMC or the mutual funds managed by the Sponsor does not indicate the future performance of the schemes. Please read the offer document of the respective schemes before investing. Statutory Details: Fidelity Mutual Fund ('the Fund') has been established as a trust under the Indian Trusts Act, 1882, by Fidelity International Investment Advisors (liability restricted to Rs. 1 Lakh). Fidelity Trustee Company Private Limited, a company incorporated under the Companies Act, 1956, with limited liability is the Trustee to the Fund. Fidelity Fund Management Private Limited, a company incorporated under the Companies Act, 1956, with limited liability is the Investment Manager to the Fund.

Source: Fidelity Fund Management (Business Wire India)

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