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Merger Of Few Schemes Of Fidelity MF with Schemes of L&T MF


Fidelity Mutual Fund has announced the merger of Fidelity Flexi Gilt with L&T Gilt, Fidelity Wealth Builder-Plan A with L&T MIP, Plan B and C with L&T MIP-Wealth Builder Fund.

L&T Contra shall merge with Fidelity India Value and L&T Growth, L&T Opportunities and L&T Hedged Funds shall merge with Fidelity India Growth fund. The surviving schemes shall be named as L&T India and L&T India Large Cap respectively.

The dissenting unit holders of L&T and Fidelity are given an option to redeem/switch out from the schemes within October 15, 2012 to November 15, 2012 without paying any exit load.

Fidelity Mutual Fund has announced a change in the names of the schemes with effect from November 16, 2012.