Fidelity Mutual Fund has announced a maiden dividend in Fidelity Wealth Builder Fund. A dividend of  Rs 0.55, Rs 0.70 and Rs 0.95 per unit (Face Value of Rs.10/- per unit) has been declared under Plan A, Plan B and Plan C respectively. The record date for the dividends is July 1, 2009. (Check out - Recent MF Dividends)

All investors registered in the Dividend options of the scheme as on July 1, 2009 will receive this dividend. The NAV as on June 29, 2009 under the dividend option of Plan A, Plan B and Plan C was Rs 10.8261, Rs 11.4974 and Rs 12.3879 respectively.

Fidelity Wealth Builder Fund is an open ended fund of funds scheme offering asset allocation options with three Plans. The investment objective of the fund is to seek to generate reasonable returns based on the Plan selected with minimum and maximum asset allocation between debt and equity. The fund manager uses a two-tier investment approach – asset allocation and fund selection – to invest in Fidelity’s funds.

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