Fidelity MF awarded ‘Best Fund House - Equity’

Mumbai: Fidelity Mutual Fund has won the ‘Best Fund House over the past three years” award in the equities category in the Lipper Fund Awards 2011, according to a company release. Fidelity MF was recognized by Thomson Reuters | Lipper as the best Equity Fund House due to excellent performance across its equity funds.

Commenting on the occasion, Ashu Suyash, Country Head - India, Fidelity International, said “We are delighted with the Lipper award as it reiterates our strategy for raising long term assets combined with our investment philosophy which has helped deliver results for our customers.”

Mr. Alexander R Treves, Head of Investments - India, Fidelity International, remarked, “This is an acknowledgement of Fidelity’s bottom up stock picking approach wherein we aim to outperform the benchmark indices by looking for alpha regardless of market conditions. We believe we have some of the best research capabilities in the world, with an international network of analysts which is crucial given the forces of globalisation, and that a long-term approach will stand us and our investors in good stead.”

Fidelity has six equity funds that include, Fidelity Equity Fund, Fidelity India Value Fund, Fidelity India Growth Fund, Fidelity Global Real Assets Fund, Fidelity India Special Situations Fund and Fidelity Tax Advantage Fund.