Fidelity Mutual Fund Announces Changes

Pursuant to the acquisition of Fidelitys Indian mutual fund business by L&T Finance Limited (LTF), a subsidiary of L&T Finance Holdings Limited (LTFH). The names of schemes are changed as follows:

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Old Name of the Scheme

New Name of the Scheme

Fidelity Equity Fund

L&T Equity Fund

Fidelity Tax Advantage Fund

L&T Tax Advantage Fund

Fidelity India Special Situations Fund

L&T� India Special Situations Fund

Fidelity International Opportunities Fund

L&T Indo Asia Fund

Fidelity Flexi Bond Fund

L&T Flexi Bond Fund

Fidelity Ultra Short Term Debt Fund *

L&T Low Duration Fund

Fidelity Fixed Maturity Plan - Series VI (comprising of six plans (Plan A to F), having separate portfolios

L&T Fixed Maturity Plan - Series VI

Fidelity Short Term Income Fund

L&T Short Term Income Fund

Fidelity Cash Fund

L&T Cash Fund

Fidelity Global Real Assets Fund

L&T Global Real Assets Fund

Fidelity India Prudence Fund ***

L&T India Prudence Fund

Fidelity India Equity and Gold Fund ****

L&T India Equity and Gold Fund

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*Fidelity Ultra Short Term Debt Fund, an open ended debt scheme will be renamed as Fidelity Low Duration Fund with effect from 16 November 2012.

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**Fidelity India Childrens Plan - Savings Fund, an open ended income fund under the umbrella - Fidelity India Childrens Plan (an open ended hybrid plan comprising three funds - Education Fund, Marriage Fund and Savings Fund) will be merged with Fidelity Short Term Income Fund, an open ended income scheme.

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***Fidelity India Childrens Plan - Education Fund, an open ended equity growth fund under Fidelity India Childrens Plan will be unbundled from the umbrella - Fidelity India Childrens Plan, undergo fundamental attribute changes and renamed as Fidelity India Prudence Fund with effect from 16 November 2012.

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****Fidelity India Childrens Plan - Marriage Fund, an open ended equity growth fund under Fidelity India Childrens Plan will be unbundled from umbrella - Fidelity India Childrens Plan, undergo fundamental attribute changes and renamed as Fidelity India Equity and Gold Fund with effect from 16 November 2012. �

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Upon completion of the proposed transaction certain schemes of Fidelity Mutual Fund will be merged with certain schemes of L&T Mutual Fund. Consequently, the transferee schemes will be the surviving schemes as listed below:

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Transferor Schemes

Transferee / Surviving Schemes

Fidelity Flexi Gild Fund

L&T Gilt Fund

Fidelity Wealth Builder Fund - Plan A

L&T Monthly Income Plan

Fidelity Wealth Builder Fund - Plan B

L&T MIP - Wealth Builder Fund

Fidelity Wealth Builder Fund - Plan C

L&T MIP - Wealth Builder Fund

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Upon completion of the proposed transaction certain schemes of L&T Mutual Fund will be merged with certain schemes of Fidelity Mutual Fund. The name of the surviving schemes (i.e. the transferee schemes) is proposed to be changed as follows:

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Transferor Schemes

Transferee / Surviving Schemes

New Name of the Transferee / Surviving Scheme

L&T Contra Fund

Fidelity India Value Fund

L&T India Value Fund

L&T Hedged Equity Fund, L&T Opportunities Fund and L&T Growth Fund

Fidelity India Growth Fund *

L&T India Large Cap Fund

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* Fidelity India Growth Fund will undergo a change of name and fundamental attribute changes effective on 16 November 2012, pursuant to which this scheme will be named as Fidelity India Large Cap Fund. �

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Fidelity India Prudence Fund, an open ended equity growth scheme:� The scheme would invest 65% to 75% of assets in equity and equity related securities with medium to high risk profile.� On the other side it would allocate 25% to 35% of assets in debt and money market instruments including units of debt / fixed income schemes launched by mutual funds registered with SEBI with low to medium risk profile.

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The exit load charge will be 1% if redeemed within 1 year from the date of allotment or purchase applying first in first out basis.

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Fidelity India Equity and Gold Fund, an open ended equity growth scheme: The scheme would invest 65% to 90% of assets in equity and equity related securities with medium to high risk profile. 10% to 25% of assets in Gold ETFs with medium to high risk profile. Upto 10% of assets in debt and money market instruments including units of debt / fixed income schemes launched by mutual funds registered with SEBI with low to medium risk profile.

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The exit load charge will be 1% if redeemed within 1 year from the date of allotment or purchase applying first in first out basis.

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Fidelity Cash Fund, an open ended liquid scheme: The scheme would invest 65% to 100% of assets in certificate of deposit issued by banks, bank fixed deposits, treasury bills, CBLO, Repo / reverse repo with medium to high risk profile.� On the other side it would allocate upto 35% of assets in commercial papers and other debt instruments including securitized debt with low to medium risk profile.

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The change in fundamental attributes of the schemes of Fidelity Mutual Fund will take effect on 16 November 2012 notwithstanding the outcome of the proposed transaction.

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