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Fidelity Equity Fund lists above par
Mumbai: The Fidelity Mutual Fund has listed on the bourses, reporting a net asset value of Rs10.029 for its Fidelity Equity Fund, a month after the initial public offer of the fund closed. The fund house had launched its maiden equity fund in India on March 21. Market sources say that the fund may have collected over Rs1,500 crore during the IPO.

The fund house had bucked the market trend, starting its business in India with just one fund. Several equity funds launched in the last few months were forced to report NAV of less than par values as the stock markets have been turbulent.
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