Fidelity Asset Management Company has been recently acquired by L&T Mutual Fund. As a result, a few schemes of Fidelity MF are all set to merge with L&T MF effective 16th November 2012.
The following are the schemes to be merged –
Fidelity Flexi Gilt Fund with L&T Gilt Fund
Fidelity Wealth Builder Fund-Plan A with L&T Monthly Income Plan
Fidelity Wealth Builder Fund-Plan B & Plan C with L&T MIP – Wealth Builder Fund
L&T Contra Fund and Fidelity India Value Fund to form “L&T India value Fund”
L&T Hedged Equity Fund, L&T Growth Fund and L&T Opportunities Fund and Fidelity India Growth Fund to form “L&T India large Cap Fund”