The Fidelity Fixed Maturity Funds, also called the Series II Funds, are investment opportunities for investment from Fidelity International. There are 6 of these closed ended debt schemes available for investors to place their money in while they are open. The six are A, B, C, D, E, and F.
The overall aim of this type of mutual fund is to provide the investors with a reasonable return by investing in fixed income securities with the maturity terms, in accordance with the funds plan. The A plan has 92 days from the date of allotment. The B plan has 95 days, the D plan has 370 days, the E plan has 96 days, and the F plan has 370 days from the date of allotment.
Each of these plans will invest up to 100% of the fund’s assets in securities with no more than 25% in foreign investments. There is also a 50% limit for the percentage of assets that can be invested in the derivative market. The domestic market this fund is in is India.
The annual recurring expenses for some of the funds are as follows. Plan A is at 0.25% p.a. of average daily net assets. Plan B is at 0.23%, Plan D is at 0.30%, and Plan E is at 0.25%.
The benchmark index for Plans A, B, and E is the Crisil Liquid Fund Index, and for Plan D the benchmark is the Crisil Short Term Bond Fund Index.
Each of these mutual funds requires a minimum deposit of Rs 5000. The Fidelity Fixed Maturity Funds have been established under the Indian Trust Act of 1882 by FIL Investments Advisors. These investments are less than a month old and not all of them have been fully defined on the Fidelity website as of the writing of this article.
For additional resources about mutual funds and other investments from Fidelity on this website, please view How to Get Started Investing in Fidelity Mutual Funds.
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