fidelity equity fact sheet

APRIL 2011

FACT SHEETSFidelity Equity Fund

Fidelity Tax Advantage Fund

Fidelity India Special Situations Fund

Fidelity India Growth Fund

Fidelity International Opportunities Fund

Fidelity India Value Fund

Fidelity Global Real Assets Fund

Fidelity India Children’s Plan

Education Fund

Marriage Fund

Savings FundPast performance is no guarantee of future results.For award methodology please refer to page 201

Best EquityFund House(3 years)

I N V E S T W I T H T H E W O R L D ’ S M U T U A L F U N D M A N A G E R

MAY 2011MAY 2011

Name of the Instrument Industry % toNet Asets

Market Value(Rs in Lakhs)



PORTFOLIO STATEMENT as on May 31, 2011

Reliance Industries Ltd. Petroleum Products 23,440.82 6.96ICICI Bank Ltd. Banks 17,936.00 5.33ITC Ltd. Consumer Non Durables 15,821.63 4.70HDFC Bank Ltd. Banks 14,863.80 4.41Infosys Technologies Ltd. Software 14,518.97 4.31Tata Consultancy Services Ltd. Software 12,071.05 3.58Housing Development FinanceCorporation Ltd. Finance 9,322.81 2.77Cipla Ltd. Pharmaceuticals 7,611.14 2.26Dr. Reddy’s Laboratories Ltd. Pharmaceuticals 6,904.25 2.05Oil & Natural Gas Corporation Ltd. Oil 6,776.46 2.01Bank of Baroda Banks 6,770.69 2.01Shriram Transport FinanceCompany Ltd. Finance 6,407.63 1.90Larsen & Toubro Ltd. Construction Project 6,318.60 1.88Sun TV Network Ltd. Media & Entertainment 5,803.61 1.72Bajaj Auto Ltd. Auto 5,710.71 1.70Gujarat Fluorochemicals Ltd. Gas 5,590.16 1.66Axis Bank Ltd. Banks 5,562.20 1.65State Bank of India Banks 5,377.32 1.60Bharat Heavy Electricals Ltd. Industrial Capital Goods 5,295.26 1.57NTPC Ltd. Power 5,225.88 1.55Lupin Ltd. Pharmaceuticals 5,165.96 1.53Jindal Steel & Power Ltd. Ferrous Metals 4,799.69 1.43Sterlite Industries ( India ) Ltd. Non - Ferrous Metals 4,495.46 1.33Motherson Sumi Systems Ltd. Auto Ancillaries 4,487.95 1.33Maruti Suzuki India Ltd. Auto 4,468.61 1.33Bharti Airtel Ltd. Telecom - Services 4,353.25 1.29Rallis India Ltd. Pesticides 4,256.60 1.26Power Grid Corporation of India Ltd. Power 4,231.00 1.26GAIL (India) Ltd. Gas 3,924.79 1.17Titan Industries Ltd. Consumer Non Durables 3,806.13 1.13Gujarat State Petronet Ltd. Gas 3,803.41 1.13Infrastructure Development FinanceCompany Ltd. Finance 3,773.06 1.12CMC Ltd. Hardware 3,678.15 1.09Jagran Prakashan Ltd. Media & Entertainment 3,423.93 1.02Punjab National Bank Banks 3,393.41 1.01Crompton Greaves Ltd. Industrial Capital Goods 3,177.45 0.94Hindustan Unilever Ltd. Consumer Non Durables 3,041.23 0.90Grasim Industries Ltd. Textile Products 2,858.06 0.85Kotak Mahindra Bank Ltd. Banks 2,783.46 0.83Mundra Port and Special EconomicZone Ltd. Transportation 2,719.76 0.81National Stock Exchange of India Ltd. Finance 2,718.90 0.81Dabur India Ltd. Consumer Non Durables 2,616.58 0.78NIIT Ltd. Software 2,365.14 0.70D.B. Corp. Ltd. Media & Entertainment 2,235.24 0.66Max India Ltd. Industrial Products 2,150.26 0.64Ramky Infrastructure Ltd. Construction 2,106.24 0.63Coal India Ltd. Minerals/Mining 2,038.03 0.61Indian Oil Corporation Ltd. Petroleum Products 2,033.27 0.60Century Textiles & Industries Ltd. Cement 1,948.43 0.58Mcnally Bharat EngineeringCompany Ltd. Industrial Capital Goods 1,857.18 0.55Whirlpool of India Ltd. Consumer Durables 1,816.34 0.54LIC Housing Finance Ltd. Finance 1,761.23 0.52Standard Chartered PLC Banks 1,707.69 0.51OnMobile Global Ltd. Telecom - Services 1,640.72 0.49Aventis Pharma Ltd. Pharmaceuticals 1,626.64 0.48Tata Steel Ltd. Ferrous Metals 1,604.86 0.48Zee Entertainment Enterprises Ltd. Media & Entertainment 1,577.66 0.47

UltraTech Cement Ltd. Cement 1,417.64 0.42KEC International Ltd. Power 1,396.49 0.41Exide Industries Ltd. Auto Ancillaries 1,350.50 0.40Jubilant Foodworks Ltd. Consumer Non Durables 1,332.43 0.40CESC Ltd. Power 1,114.44 0.33Texmaco Rail & Engineering Ltd. Industrial Capital Goods 1,026.23 0.30APL Apollo Tubes Ltd. Ferrous Metals 469.84 0.14Dr. Reddy’s Laboratories Ltd. - NCD Pharmaceuticals 125.96 0.04Cash & Current Assets 30,810.84 9.15

Net Assets 3,36,819.14 100.00

The portfolio turnover ratio of the scheme for the 1 year period ending31st May, 2011 is 0.23 times

The annualised total expense ratio for the financial year to date period is 1.84%

Fund Managers:Sandeep KothariAnirudh Gopalakrishnan -

-Total work experience of 17 years, managing this fund since July 2006Total work experience of over 10 years, managing this fund for foreign securities investments since October 2010

Record Date Dividend (Rs. Per unit) Ex-Dividend Date Reinvest NAV

22-Mar-2006 2.00000 23-Mar-2006 15.02100

30-Apr-2007 2.50000 03-May-2007 17.03100

13-Mar-2008 2.50000 14-Mar-2008 16.14500

02-Mar-2010 1.00000 03-Mar-2010 18.88700

17-Jan-2011 1.50000 18-Jan-2011 21.13500

DIVIDEND HISTORYas on May 31, 2011

Past performance may or may not be sustained in the future.

FIDELITY EQUITY FUND Vs BSE 200as on May 31, 2011

� Fidelity Equity Fund - Growth

BSE 200�

16-May-05 31-May-11

BSE 200 indexed to 10

42

38

34

30

26

22

18

14

10

6

An open-ended equity growth scheme

Past performance is no guarantee of future resultsFor award methodology please refer to page 202

5-IN-1FUND.5-STAR PERFORMER.

Past performance may or may not be sustained in the future.* Note: As per the SEBI standards for performance reporting, thesince inception return is calculated on NAV of Rs.10/- invested atinception. For this purpose the inception date is deemed to be thedate of allotment, i.e. 16-May-2005. NAV of Growth Option is used.FEF NAV as on 31 May 2011 was Rs.35.36. BSE 200 as on 31 May 2011was 2301.65. Returns for less than 1 year period are absolute andthose for greater than or equal to 1 year period are compoundedannualised. Source: FEF NAV and BSE 200 data - AMFI, BSE. FidelityEquity Fund is benchmarked to BSE 200.

PERFORMANCEas on May 31, 2011

INDUSTRY % OF NET ASSETS

INDUSTRY WISE CLASSIFICATION OF PORTFOLIO*as on May 31, 2011

Banks 17.34Cash & Current Assets 9.15Software 8.60Consumer Non Durables 7.90Petroleum Products 7.56Finance 7.12Pharmaceuticals 6.36Gas 3.95Media & Entertainment 3.87Power 3.55Industrial Capital Goods 3.37Auto 3.02Ferrous Metals 2.04Oil 2.01Construction Project 1.88Telecom - Services 1.78Auto Ancillaries 1.73Non - Ferrous Metals 1.33Pesticides 1.26Hardware 1.09Cement 1.00Textile Products 0.85Transportation 0.81Industrial Products 0.64Construction 0.63Minerals/Mining 0.61Consumer Durables 0.54

Grand Total: 100.00

* Based on AMFI Classification

PERIOD FEF BSE 2006 months -4.64% -6.11%1 year 12.18% 6.94%3 years 12.39% 4.13%5 years 16.78% 12.27%Since inception* 23.24% 17.59%

RISK / RISK ADJUSTED RETURN MEASURESas on May 31, 2011

FEF BSE 200

Annualised standard deviation 28.43% 34.85%Beta 0.81 NASharpe Ratio 0.14 -0.12

All ratios are calculated based on 36 month performance. Risk free rate used: 8.29%

FEF Present value of SIP XIRRMonthly

SIP SIP Total Amount

Instalment AmountPeriod Valuation Date Invested FEF BSE 200 FEF BSE 200

since inception1000 (01-Jun-05 to 02-May11) 31-May-11 72000 120784.06 102590.29 17.12% 11.69%

5 years1000 (01-Jun-06 to 02-May-11) 31-May-11 60000 89615.94 77921.08 16.07% 10.40%


1 year1000 (01-Jun-10 to 02-May-11) 31-May-11 12000 11979.52 11711.31 -0.32% -4.45%

Assume Rs.1000 invested every month. The 1 year, 3 years, 5 years and since inception returns from SIP are computed on the assumption that SIP installments wherereceived across the time periods from the start date of SIP. The CAGR is computed based on IRR since SIP installments are received at different intervals across theSIP period. XIRR calculates the internal rate of return for series of cash flows.

Past Performance may or may not be sustained in future. Load is not taken into consideration and Returns are of Growth Option.

SIP PERFORMANCE ( )as on May 31, 2011





Reliance Industries Limited Petroleum Products 8,346.52 6.74

ITC Ltd. Consumer Non Durables 6,041.23 4.88

ICICI Bank Ltd. Banks 5,903.32 4.77

HDFC Bank Ltd. Banks 5,699.94 4.60

Infosys Technologies Ltd. Software 5,063.39 4.09

Tata Consultancy Services Ltd. Software 4,557.92 3.68

Rallis India Ltd. Pesticides 3,945.45 3.19

Housing Development FinanceCorporation Ltd. Finance 3,252.24 2.63

Cipla Ltd. Pharmaceuticals 3,048.46 2.46

Larsen & Toubro Ltd. Construction Project 2,802.83 2.26

Dr. Reddy’s Laboratories Ltd. Pharmaceuticals 2,696.13 2.18

Shriram Transport FinanceCompany Ltd. Finance 2,505.34 2.02

Sun TV Network Ltd. Media & Entertainment 2,480.71 2.00

Oil & Natural Gas Corporation Ltd. Oil 2,332.68 1.88

Bank of Baroda Banks 2,321.84 1.87

Axis Bank Ltd. Banks 2,157.17 1.74

State Bank of India Banks 2,083.32 1.68

Bajaj Auto Ltd. Auto 2,076.86 1.68

Bharat Heavy Electricals Ltd. Industrial Capital Goods 2,068.83 1.67

NTPC Ltd. Power 1,965.18 1.59

Titan Industries Ltd. Consumer Non Durables 1,877.83 1.52

Gujarat Fluorochemicals Ltd. Gas 1,871.04 1.51

Jindal Steel & Power Ltd. Ferrous Metals 1,724.96 1.39

Motherson Sumi Systems Ltd. Auto Ancillaries 1,721.16 1.39

Gujarat State Petronet Ltd. Gas 1,704.58 1.38

Natco Pharma Ltd. Pharmaceuticals 1,702.11 1.37

Power Grid Corporation of India Ltd. Power 1,663.04 1.34

Sterlite Industries ( India ) Ltd. Non - Ferrous Metals 1,649.34 1.33

Bharti Airtel Ltd. Telecom - Services 1,607.65 1.30

GlaxoSmithKline Pharmaceuticals Ltd. Pharmaceuticals 1,572.93 1.27

GAIL (India) Ltd. Gas 1,521.10 1.23

Lupin Ltd. Pharmaceuticals 1,514.75 1.22

Infrastructure Development FinanceCompany Ltd. Finance 1,490.55 1.20

Jagran Prakashan Ltd. Media & Entertainment 1,420.47 1.15

Punjab National Bank Banks 1,301.07 1.05

Maruti Suzuki India Ltd. Auto 1,255.97 1.01

Crompton Greaves Ltd. Industrial Capital Goods 1,236.69 1.00

Hindustan Unilever Ltd. Consumer Non Durables 1,138.54 0.92

National Stock Exchange of India Ltd. Finance 1,111.50 0.90

Kotak Mahindra Bank Ltd. Banks 1,103.26 0.89

Mundra Port and SpecialEconomic Zone Ltd. Transportation 1,064.55 0.86

Grasim Industries Ltd. Textile Products 994.35 0.80

Dabur India Ltd. Consumer Non Durables 913.61 0.74

Persistent Systems Ltd. Software 901.71 0.73

CMC Ltd. Hardware 841.99 0.68

Mcleod Russel India Ltd. Consumer Non Durables 815.08 0.66

Coal India Ltd. Minerals/Mining 782.05 0.63

Century Textiles & Industries Ltd. Cement 742.08 0.60

NIIT Ltd. Software 728.77 0.59

Mcnally Bharat EngineeringCompany Ltd. Industrial Capital Goods 709.19 0.57

Ramky Infrastructure Ltd. Construction 697.98 0.56

Redington (India) Ltd. Trading 694.10 0.56

APL Apollo Tubes Ltd. Ferrous Metals 686.83 0.55

Standard Chartered PLC Banks 673.54 0.54

Max India Ltd. Industrial Products 667.33 0.54

D.B.Corp Ltd. Media & Entertainment 644.34 0.52

Tata Steel Ltd. Ferrous Metals 617.05 0.50

OnMobile Global Ltd. Telecom - Services 588.09 0.47

Texmaco Ltd. Industrial Capital Goods 579.51 0.47

Zee Entertainment Enterprises Ltd. Media & Entertainment 579.34 0.47

Aventis Pharma Ltd. Pharmaceuticals 571.59 0.46

UltraTech Cement Ltd. Cement 557.61 0.45

KEC International Ltd. Power 551.00 0.44

Whirlpool of India Ltd. Consumer Durables 549.54 0.44

Texmaco Rail & Engineering Ltd. Industrial Capital Goods 390.35 0.32

Esab India Ltd. Industrial Products 385.10 0.31

Ahluwalia Contracts (India) Ltd. Construction 372.64 0.30

Dr. Reddy’s Laboratories Ltd. - NCD Pharmaceuticals 49.19 0.04

Cash & Current Assets 3,977.33 3.21

Net Assets 1,23,863.76 100.00

The portfolio turnover ratio of the scheme for the 1 year period endingis 0.20 times


31st May, 2011



Fund Manager:Sandeep Kothari - Total work experience of 17 years, managing this fund since July 2006

FIDELITY TAX ADVANTAGE FUND Vs BSE 200as on May 31, 2011


27-Feb-06 31-May-11

� Fidelity Tax Advantage Fund - Growth

BSE 200�


26

24

22

20

18

16

14

12

10

8

6Record Date Dividend (Rs. Per unit) Ex-Dividend Date Ex-Dividend NAV

13-Mar-2008 1.50000 14-Mar-2008 13.1750021-Dec-2010 1.50000 22-Dec-2010 19.18100


Past performance is no guarantee of future results. For award methodology please refer to page 203

An open-ended equity linked savings scheme BEST ELSS FUND



Banks 17.15Software 9.08Pharmaceuticals 9.01Consumer Non Durables 8.71Finance 6.75Petroleum Products 6.74Media & Entertainment 4.14Gas 4.11Industrial Capital Goods 4.02Power 3.37Cash & Current Assets 3.21Pesticides 3.19Auto 2.69Ferrous Metals 2.45Construction Project 2.26Oil 1.88Telecom - Services 1.77Auto Ancillaries 1.39Non - Ferrous Metals 1.33Cement 1.05Construction 0.86Transportation 0.86Industrial Products 0.85Textile Products 0.80Hardware 0.68Minerals/Mining 0.63Trading 0.56Consumer Durables 0.44Grand Total: 100.00* Based on AMFI Classification

Past performance may or may not be sustained in the future.* Note: As per the SEBI standards for performance reporting, theSince inception return is calculated on NAV of Rs.10/- invested at

inception. For this purpose the inception date is deemed to be thedate of allotment, i.e. 27-Feb-2006. NAV of Growth Option is used.FTAF NAV as on 31 May 2011 was Rs.21.879. BSE 200 as on 31 May2011 was 2301.65. Returns for less than 1 year period are absoluteand those for greater than or equal to 1 year period are compoundedannualised. Source: FTAF NAV and BSE 200 data - AMFI, BSE. FidelityTax Advantage Fund is benchmarked to BSE 200.


PERIOD FTAF BSE 200

6 months -4.93% -6.11%1 year 12.42% 6.94%3 Years 13.27% 4.13%5 Years 17.48% 12.27%Since inception* 16.06% 11.66%

RISK/RISK ADJUSTED RETURN MEASURESas on May 31, 2011

FTAF BSE 200

Annualised standard deviation 28.33% 34.85%Beta 0.81 N/ASharpe Ratio 0.18 -0.12


FTAF Present value of SIP XIRRMonthly


Instalment AmountPeriod Valuation Date Invested FTAF BSE 200 FTAF BSE 200

since inception1000 (01-Mar-06 to 02-May-11) 31-May-11 63000 97510.40 82770.49 16.64% 10.33%




Assume Rs. 1000 invested every month. The 1 year, 3 years and since inception returns from SIP are computed on the assumption that SIP installments where receivedacross the time periods from the start date of SIP. The CAGR is computed based on IRR since SIP installments are received at different intervals across the SIP period.XIRR calculates the internal rate of return for series of cash flows.Past Performance may or may not be sustained in future. Load is not taken into consideration and Returns are of Growth Option.


An open-ended equity linked savings scheme






Domestic SecuritiesNational Stock Exchange of India Ltd. Finance 6,840.00 8.19Reliance Industries Ltd. Petroleum Products 5,376.22 6.44Tata Consultancy Services Ltd. Software 3,994.20 4.78ITC Ltd. Consumer Non Durables 3,301.63 3.95Infosys Technologies Ltd. Software 3,206.56 3.84HDFC Bank Ltd. Banks 2,561.42 3.07FAG Bearings India Ltd. Industrial Products 2,436.15 2.92Shriram Transport FinanceCompany Ltd. Finance 2,262.34 2.71ICICI Bank Ltd. Banks 2,146.20 2.57State Bank of India Banks 2,100.92 2.51Housing Development FinanceCorporation Ltd. Finance 1,908.21 2.28The Federal Bank Ltd. Banks 1,753.09 2.10Lupin Ltd. Pharmaceuticals 1,464.27 1.75Dr. Reddy’s Laboratories Ltd. Pharmaceuticals 1,330.41 1.59Oil & Natural Gas Corporation Ltd. Oil 1,281.55 1.53CEAT Ltd. Auto Ancillaries 1,264.97 1.51Cipla Ltd. Pharmaceuticals 1,247.49 1.49Ahluwalia Contracts (India) Ltd. Construction 1,223.92 1.46Larsen & Toubro Ltd. Construction Project 1,202.61 1.44The Jammu & Kashmir Bank Ltd. Banks 1,110.53 1.33ING Vysya Bank Ltd. Banks 1,110.37 1.33Jagran Prakashan Ltd. Media & Entertainment 1,044.55 1.25Standard Chartered PLC Banks 1,009.21 1.21KPIT Cummins Infosystems Ltd. Software 981.06 1.17Gujarat State Petronet Ltd. Gas 965.39 1.16Jindal Steel & Power Ltd. Ferrous Metals 955.23 1.14Punjab National Bank Banks 941.25 1.13Allahabad Bank Banks 917.42 1.10The South Indian Bank Ltd. Banks 911.54 1.09Oberoi Realty Ltd. Construction 843.92 1.01Infotech Enterprises Ltd. Software 801.96 0.96Bajaj Holdings & Investment Ltd. Finance 772.28 0.92SKF India Ltd. Industrial Products 733.86 0.88Corporation Bank Banks 714.73 0.86Bharti Airtel Ltd. Telecom - Services 714.19 0.85Bajaj Auto Ltd. Auto 684.35 0.82Redington (India) Ltd. Trading 670.04 0.80Sterlite Industries ( India ) Ltd. Non - Ferrous Metals 660.45 0.79Axis Bank Ltd. Banks 642.53 0.77IL&FS Investment Managers Ltd. Finance 619.26 0.74Bank of Baroda Banks 615.40 0.74Power Grid Corporation of India Ltd. Power 613.35 0.73CRISIL Ltd. Finance 565.29 0.68The Great Eastern ShippingCompany Ltd. Transportation 544.00 0.65Coal India Ltd. Minerals/Mining 521.78 0.62Asian Paints Ltd. Consumer Non Durables 516.51 0.62IndusInd Bank Ltd. Banks 505.83 0.61Indian Oil Corporation Ltd. Petroleum Products 479.47 0.57Amara Raja Batteries Ltd. Auto Ancillaries 478.28 0.57Shree Cements Ltd. Cement 464.88 0.56LIC Housing Finance Ltd. Finance 462.11 0.55Bajaj Electricals Ltd. Consumer Durables 454.31 0.54Zee Entertainment Enterprises Ltd. Media & Entertainment 453.62 0.54Oracle Financial Services Software Ltd. Software 431.50 0.52Nucleus Software Exports Ltd. Software 425.77 0.51MindTree Ltd. Software 400.95 0.48Sobha Developers Ltd. Construction 398.12 0.48Maruti Suzuki India Ltd. Auto 373.33 0.45ICRA Ltd. Finance 360.40 0.43Sun TV Network Ltd. Media & Entertainment 359.04 0.43CESC Ltd. Power 358.41 0.43Bharat Heavy Electricals Ltd. Industrial Capital Goods 341.41 0.41Ramky Infrastructure Ltd. Construction 331.55 0.40Tata Motors Ltd. Auto 314.52 0.38Tata Steel Ltd. Ferrous Metals 314.40 0.38Lovable Lingerie Ltd. Textile Products 301.47 0.36GAIL (India) Ltd. Gas 299.00 0.36NTPC Ltd. Power 294.48 0.35Consolidated ConstructionConsortium Ltd. Construction 273.28 0.33

Indian Overseas Bank Banks 269.07 0.32NIIT Technologies Ltd. Software 267.97 0.32Rallis India Ltd. Pesticides 255.68 0.31IPCA Laboratories Ltd. Pharmaceuticals 252.21 0.30Mangalam Cement Ltd. Cement 222.50 0.27B. L. Kashyap and Sons Ltd. Construction 220.13 0.26Heidelberg Cement India Ltd. Cement 204.76 0.25PTC India Ltd. Power 180.54 0.22Transformers And Rectifiers (India) Ltd. Industrial Capital Goods 164.94 0.20Persistent Systems Ltd. Software 155.76 0.19JK Cement Ltd. Cement 142.24 0.17Texmaco Rail & Engineering Ltd. Industrial Capital Goods 121.12 0.14Eveready Industries India Ltd. Consumer Non Durables 76.47 0.09Texmaco Ltd. Industrial Capital Goods 51.30 0.06WABCO-TVS (INDIA) Ltd. Auto Ancillaries 25.00 0.03Dr. Reddy’s Laboratories Ltd. - NCD Pharmaceuticals 24.27 0.03Nagarjuna Agrichem Ltd. Pesticides 12.42 0.01Cash & Current Assets 722.91 0.87

British American Tobacco ADR Consumer Staples 1,050.96 1.26K T & G Corp Consumer Staples 861.86 1.03Gafisa ADR Household Goods &

Home Construction 615.49 0.74Korea Electric Power Corporation Utilities 431.87 0.52Teva Pharmaceutical Industry ADR Healthcare 257.06 0.31

Foreign Securities / Overseas ETFs

Net Assets 83,545.25 100.00



31st May, 2011

Fund Managers: Nitin Bajaj -Anirudh Gopalakrishnan -

Total work experience of 12 years, managing this fund since June 2009Total work experience of over 10 years, managing this fund for foreign securities investments since October 2010

Record Date Dividend (Rs. Per unit) Ex-Dividend Date Reinvest NAV

02-Mar-2010 1.50000 03-Mar-2010 14.58700


FIDELITY INDIA SPECIAL SITUATIONS FUND Vs BSE 200as on May 31, 2011


� Fidelity India Special Situations Fund - Growth

BSE 200�

22-May-06 31-May-11


24

22

20

18

16

14

12

10

8

6



* Note: As per the SEBI standards for performance reporting, the

Since inception return is calculated on NAV of Rs. 10/- invested at

inception. For this purpose the inception date is deemed to be the

date of allotment, i.e. 22-May-2006. NAV of Growth Option is used.

FISS NAV as on 31 May 2011 was Rs. 18.368. BSE 200 as on 31 May

2011 was 2301.65. Returns for less than 1 year period are absolute

and those for greater than or equal to 1 year period are compounded

annualised. Source: FISS NAV and BSE 200 data - AMFI, BSE. Fidelity

India Special Situations Fund is benchmarked to BSE 200.


PERIOD FISS BSE 200

6 months -5.63% -6.11%1 year 9.59% 6.94%3 Year 9.23% 4.13%Since inception* 12.86% 12.31%

RISK / RISK ADJUSTED RETURN MEASURESas on May 31, 2011

FISS BSE 200

Annualised standard deviation 36.12% 34.85%Beta 1.01 N/ASharpe Ratio 0.03 -0.12




Banks 20.72Finance 16.51Software 12.77Petroleum Products 7.01Pharmaceuticals 5.17Consumer Non Durables 4.66Construction 3.94Industrial Products 3.79Media & Entertainment 2.22Auto Ancillaries 2.12Power 1.73Auto 1.64Oil 1.53Ferrous Metals 1.52Gas 1.51Construction Project 1.44Cement 1.24Cash & Current Assets 0.87Telecom - Services 0.85Industrial Capital Goods 0.81Trading 0.80Non - Ferrous Metals 0.79Transportation 0.65Minerals/Mining 0.62Consumer Durables 0.54Textile Products 0.36Pesticides 0.32Total 96.15* Based on AMFI classification

SECTOR % OF NET ASSETS

Consumer Staples 2.29Household Goods & Home Construction 0.74Utilities 0.52Healthcare 0.31Total 3.85* Based on MSCI sector classification

DOMESTIC SECURITIES

FISS Present value of SIP XIRRMonthly


Instalment AmountPeriod Valuation Date Invested FISS BSE 200 FISS BSE 200

since inception1000 (01-Jun-06 to 02-May-11) 31-May-11 60000 83501.46 77921.08 13.20% 10.40%




Assume Rs. 1000 invested every month. The 1 year, 3 years and since inception returns from SIP are computed on the assumption that SIP installments wherereceived across the time periods from the start date of SIP. The CAGR is computed based on IRR since SIP installments are received at different intervals across theSIP period. XIRR calculates the internal rate of return for series of cash flows.

Past Performance may or may not be sustained in future. Load is not taken into consideration and Returns are of Growth Option.








Domestic Securities


National Stock Exchange of India Ltd. Finance 5,130.00 12.86

Reliance Industries Ltd. Petroleum Products 2,486.57 6.23




Cipla Ltd. Pharmaceuticals 1,063.98 2.67


Dr. Reddy’s Laboratories Ltd. Pharmaceuticals 886.42 2.22

Jagran Prakashan Ltd. Media & Entertainment 809.67 2.03

Wipro Ltd. Software 724.09 1.81

Bharat Heavy Electricals Ltd. Industrial Capital Goods 720.27 1.81

Sun TV Network Ltd. Media & Entertainment 709.97 1.78

Bank of Baroda Banks 689.63 1.73

Axis Bank Ltd. Banks 674.07 1.69

Shriram Transport FinanceCompany Ltd. Finance 629.26 1.58

The Federal Bank Ltd. Banks 586.94 1.47

Power Grid Corporation of India Ltd. Power 580.10 1.45

Punjab National Bank Banks 568.99 1.43

Infrastructure Development FinanceCompany Ltd. Finance 555.80 1.39

Oil & Natural Gas Corporation Ltd. Oil 487.53 1.22

Lupin Ltd. Pharmaceuticals 481.75 1.21

Gujarat Fluorochemicals Ltd. Gas 477.62 1.20

NTPC Ltd. Power 470.48 1.18

Rallis India Ltd. Pesticides 449.36 1.13

Kotak Mahindra Bank Ltd. Banks 416.10 1.04

Bajaj Auto Ltd. Auto 393.62 0.99

Crompton Greaves Ltd. Industrial Capital Goods 388.27 0.97

Larsen & Toubro Ltd. Construction Project 375.79 0.94

Mcnally Bharat EngineeringCompany Ltd. Industrial Capital Goods 375.36 0.94


Cummins India Ltd. Industrial Products 351.27 0.88

State Bank of India Banks 338.58 0.85

Titan Industries Ltd. Consumer Non Durables 311.95 0.78

Hindustan Unilever Ltd. Consumer Non Durables 283.75 0.71



Gujarat State Petronet Ltd. Gas 229.11 0.57


Cash & Current Assets 588.43 1.47

Origin Energy Ltd. Energy 1,038.50 2.60

Samsung Electronics Co. Ltd. Information Technology 931.88 2.34

BHP Billiton Ltd. Materials 839.40 2.10

Newcrest Mining Ltd. Materials 838.78 2.10

Wesfarmers Ltd. - PPP Consumer Staples 800.73 2.01

Shinhan Financial Group Company Ltd.Financials 674.85 1.69

Hong Kong Exchanges & Clearing Ltd. Financials 656.20 1.64

Perusahaan Gas Negara PT Utilities 640.69 1.61

Hyundai Dept Stores Co. Ltd. Consumer Discretionary 504.70 1.26

Standard Chartered PLC Financials 494.57 1.24

ResMed Inc. Healthcare Equipment and services441.76 1.11

Rio Tinto Ltd. Materials 439.21 1.10

Banpu NVDR Mining 404.66 1.01

NHN Corporation Information Technology 350.40 0.88

K T & G Corp. Consumer Staples 341.91 0.86

Hon Hai Precision IndustryCompany Ltd. Information Technology 297.25 0.74

CSL Ltd. (Australia) Healthcare 214.19 0.54

Telstra Corporation Ltd. Telecommunication Services 205.07 0.51

Net Assets 39,904.00 100.00



31st May, 2011

Fund Managers: Sandeep KothariAnirudh Gopalakrishnan -

-Total work experience of 17 years, managing this fund since July 2006Total work experience of over 10 years, managing this fund for foreign securities investments since October 2010

Past performance may or may not be sustained in the future

* FIOF is benchmarked to a custom benchmark created by assigning 65%weight to BSE 200 and 35% weight to MSCI AC Asia Pacific ex Japan.

FIDELITY INTERNATIONAL OPPORTUNITIES FUND Vs BENCHMARK*as on May 31, 2011

� Fidelity International Opportunities Fund - Growth

Benchmark*�

28-May-07 31-May-11

Benchmark is indexed to 10

16

15

14

13

12

11

10

9

8

7

6

5



inception. For this purpose the inception date is deemed to be thedate of allotment, i.e. 28-May-2007. NAV of Growth Option is used.FIOF NAV as on 31 Mayl 2011 was Rs.13.547. Benchmark value as on31 May 2011 was 13.60. Benchmark returns Returns for less then 1year are absolute and those of greater than or equal to 1 year periodare compunded annualised. Source: FIOF NAV and benchmark data- AMFI, Fidelity. ** FIOF is benchmarked to a custom benchmarkcreated by assigning 65% weight to BSE 200 and 35% weight toMSCI AC Asia Pacific ex Japan.


PERIOD FIOF Benchmark**

6 months -3.50% -0.84%1 year 13.35% 14.64%3 years 7.65% 5.17%Since inception* 7.86% 7.98%

FIOF Present value of SIP XIRRMonthly


Instalment AmountPeriod Valuation Date Invested FIOF Benchmark FIOF Benchmark

since inception1000 (01-Jun-07 to 02-May-11) 31-May-11 48000 64170.11 61512.03 14.62% 12.44%


1 year1000 (01-Jun-10 to 02-May-11) 31-May-11 12000 12101.90 12284.19 1.58% 4.44%



RISK/RISK ADJUSTED RETURN MEASURESas on May 31, 2011

FIOF Benchmark

Annualised standard deviation 30.14% 30.11%Beta 0.98 N/ASharpe Ratio -0.02 -0.10




Banks 15.89Finance 15.83Software 8.36Petroleum Products 6.23Pharmaceuticals 6.14Industrial Capital Goods 4.36Media & Entertainment 3.81Power 2.63Gas 1.77Consumer Non Durables 1.49Cash & Current Assets 1.47Oil 1.22Pesticides 1.13Auto 0.99Construction Project 0.94Textile Products 0.92Industrial Products 0.88Ferrous Metals 0.59

Total 74.65* Based on AMFI Classification

DOMESTIC SECURITIES


Materials 5.31Financials 4.58Information Technology 3.96Consumer Staples 2.86Energy 2.60Utilities 1.61Consumer Discretionary 1.26Healthcare Equipment and services 1.11Mining 1.01Healthcare 0.54Telecommunication Services 0.51Total 25.35* Based on MSCI sector classification







Reliance Industries Ltd. Petroleum Products 2,687.83 7.87



ITC Ltd. Consumer Non Durables 1,635.84 4.79



Housing Development Finance

Corporation Ltd. Finance 1,076.00 3.15

Cipla Ltd. Pharmaceuticals 943.10 2.76

Gujarat Fluorochemicals Ltd. Gas 895.98 2.62

Dr. Reddy’s Laboratories Ltd. Pharmaceuticals 873.85 2.56

National Stock Exchange of India Ltd. Finance 855.00 2.50

Rallis India Ltd. Pesticides 746.38 2.19

Shriram Transport Finance

Company Ltd. Finance 718.44 2.10

Bank of Baroda Banks 702.78 2.06

Bharat Heavy Electricals Ltd. Industrial Capital Goods 697.82 2.04

Larsen & Toubro Ltd. Construction Project 693.07 2.03

Axis Bank Ltd. Banks 649.24 1.90

State Bank of India Banks 611.35 1.79

Sterlite Industries ( India ) Ltd. Non - Ferrous Metals 595.61 1.74

Sun TV Network Ltd. Media & Entertainment 561.25 1.64

Kotak Mahindra Bank Ltd. Banks 561.15 1.64

Gujarat State Petronet Ltd. Gas 536.06 1.57

Oil & Natural Gas Corporation Ltd. Oil 505.17 1.48

NTPC Ltd. Power 501.63 1.47

Infrastructure Development Finance

Company Ltd. Finance 500.32 1.47

Bajaj Auto Ltd. Auto 486.24 1.42

GAIL (India) Ltd. Gas 440.81 1.29

Jagran Prakashan Ltd. Media & Entertainment 425.88 1.25

Power Grid Corporation of India Ltd. Power 421.49 1.23

Crompton Greaves Ltd. Industrial Capital Goods 418.41 1.23

Maruti Suzuki India Ltd. Auto 402.39 1.18

Bharti Airtel Ltd. Telecom - Services 387.87 1.14

Lupin Ltd. Pharmaceuticals 381.39 1.12

Mundra Port and Special

Economic Zone Ltd. Transportation 321.34 0.94

Hindustan Unilever Ltd. Consumer Non Durables 315.92 0.93

Titan Industries Ltd. Consumer Non Durables 307.59 0.90

Persistent Systems Ltd. Software 283.40 0.83

CMC Ltd. Hardware 271.27 0.79

Indian Oil Corporation Ltd. Petroleum Products 269.18 0.79


Mcnally Bharat Engineering

Company Ltd. Industrial Capital Goods 262.22 0.77

Redington (India) Ltd. Trading 254.97 0.75

NIIT Ltd. Software 220.56 0.65

Zee Entertainment Enterprises Ltd. Media & Entertainment 214.55 0.63


Ramky Infrastructure Ltd. Construction 213.44 0.63

Century Textiles & Industries Ltd. Cement 206.73 0.61

Mcleod Russel India Ltd. Consumer Non Durables 205.28 0.60

KEC International Ltd. Power 194.65 0.57

Esab India Ltd. Industrial Products 166.96 0.49


Nucleus Software Exports Ltd. Software 154.73 0.45

Natco Pharma Ltd. Pharmaceuticals 144.82 0.42


Cash & Current Assets 1,839.76 5.39

Net Assets 34,143.87 100.00

The portfolio turnover ratio of the scheme for the 1 year period endingis 0.14 times.


31st May, 2011

Fund Managers:Sandeep KothariAnirudh Gopalakrishnan -

- Total work experience of 17 years, managing this fund since July 2006Total work experience of over 10 years, managing this fund for foreign securities investments since October 2010

Past performance may or may not be sustained in the future

FIDELITY INDIA GROWTH FUND Vs BSE 200as on May 31, 2011

� Fidelity India Growth Fund - Growth

BSE 200�

23-Oct-07 31-May-11


15

14

13

12

11

10

9

8

7

6

5

4


Winner: CNBC TV18-CRISIL MutualFund Awards 2011, Larg CapOriented Funds category*

Winner: CNBC TV18-CRISIL MutualFund Awards 2011, Larg CapOriented Funds category*

Past performance is no guaranteeof future resultsFor awardmethodologyplease refer to page 204

GROWTH ON A LARGE SCALE

Past performance may or may not be sustained in the future.* Note: As per the SEBI standards for performance reporting, theSince inception return is calculated on NAV of Rs.10/- invested atinception. For this purpose the inception date is deemed to be thedate of allotment, i.e. 23-Oct-2007. NAV of Growth Option is used.FIGF NAV as on 31 May 2011 was Rs.12.229. BSE 200 as on 31 May2011 was 2301.65. Returns for less than 1 year period are absoluteand those of greater than or equal to 1 year period are compoundedannualised. Source: FIGF NAV and BSE 200 data - AMFI, BSE.Fidelity India Growth Fund is benchmarked to BSE 200.




Banks 17.48Software 11.55Finance 9.22Petroleum Products 8.66Consumer Non Durables 7.22Pharmaceuticals 6.91Gas 5.49Cash & Current Assets 5.39Industrial Capital Goods 4.66Media & Entertainment 3.52Power 3.27Auto 2.60Pesticides 2.19Construction Project 2.03Non - Ferrous Metals 1.74Oil 1.48Telecom - Services 1.14Transportation 0.94Hardware 0.79Textile Products 0.78Trading 0.75Construction 0.63Cement 0.61Industrial Products 0.49Ferrous Metals 0.48

Grand Total: 100.00

* Based on AMFI Classification

PERIOD FIGF BSE 200

6 Months -4.77% -6.11%

1 Year 12.45% 6.94%

3 Years 12.65% 4.13%

Since inception* 5.74% 0.62%

RISK ADJUSTED RETURN MEASURESas on May 31, 2011

FIGF BSE 200

Annualised standard deviation 28.69% 34.85%Beta 0.82 NASharpe Ratio 0.15 -0.12



FIGF Present value of SIP XIRRMonthly


Instalment AmountPeriod Valuation Date Invested FIGF BSE 200 FIGF BSE 200

since inception1000 (01-Nov-07 to 02-May-11) 31-May-11 43000 59916.96 53199.98 20.77% 13.62%










Domestic SecuritiesReliance Industries Ltd. Petroleum Products 1,038.74 6.86Shriram Transport FinanceCompany Ltd. Finance 488.98 3.23Infosys Technologies Ltd. Software 485.20 3.20HDFC Bank Ltd. Banks 446.29 2.95State Bank of India Banks 426.06 2.81Tata Consultancy Services Ltd. Software 416.91 2.75ICICI Bank Ltd. Banks 388.41 2.56FAG Bearings India Ltd. Industrial Products 377.23 2.49Housing Development FinanceCorporation Ltd. Finance 358.57 2.37The Federal Bank Ltd. Banks 326.82 2.16ING Vysya Bank Ltd. Banks 288.44 1.90Ahluwalia Contracts (India) Ltd. Construction 277.52 1.83Lupin Ltd. Pharmaceuticals 270.22 1.78Gujarat State Petronet Ltd. Gas 269.82 1.78Jagran Prakashan Ltd. Media & Entertainment 267.76 1.77Oil & Natural Gas Corporation Ltd. Oil 245.92 1.62Dr. Reddy’s Laboratories Ltd. Pharmaceuticals 243.82 1.61Axis Bank Ltd. Banks 238.55 1.57Redington (India) Ltd. Trading 234.63 1.55CEAT Ltd. Auto Ancillaries 227.17 1.50The Jammu & Kashmir Bank Ltd. Banks 212.07 1.40ITC Ltd. Consumer Non Durables 206.52 1.36Jindal Steel & Power Ltd. Ferrous Metals 205.42 1.36IL&FS Investment Managers Ltd. Finance 205.07 1.35Standard Chartered PLC Banks 199.53 1.32Power Grid Corporation of India Ltd. Power 197.81 1.31The South Indian Bank Ltd. Banks 194.26 1.28Cipla Ltd. Pharmaceuticals 189.63 1.25Sun TV Network Ltd. Media & Entertainment 168.77 1.11Coal India Ltd. Minerals/Mining 148.02 0.98Sterlite Industries ( India ) Ltd. Non - Ferrous Metals 144.39 0.95Corporation Bank Banks 143.26 0.95Allahabad Bank Banks 140.46 0.93Bharti Airtel Ltd. Telecom - Services 134.58 0.89Punjab National Bank Banks 131.74 0.87Oberoi Realty Ltd. Construction 129.90 0.86Larsen & Toubro Ltd. Construction Project 127.73 0.84WABCO-TVS (INDIA) Ltd. Auto Ancillaries 126.00 0.83Infotech Enterprises Ltd. Software 125.47 0.83Bank of Baroda Banks 120.04 0.79Consolidated ConstructionConsortium Ltd. Construction 110.62 0.73ICRA Ltd. Finance 107.82 0.71B. L. Kashyap and Sons Ltd. Construction 107.20 0.71FDC Ltd. Pharmaceuticals 103.16 0.68Shree Cements Ltd. Cement 102.42 0.68KPIT Cummins Infosystems Ltd. Software 101.54 0.67Thangamayil Jewellery Ltd. Consumer Non Durables 100.23 0.66Tata Steel Ltd. Ferrous Metals 99.46 0.66GAIL (India) Ltd. Gas 98.17 0.65MindTree Ltd. Software 96.20 0.64Indian Oil Corporation Ltd. Petroleum Products 92.52 0.61Amara Raja Batteries Ltd. Auto Ancillaries 92.12 0.61LIC Housing Finance Ltd. Finance 86.29 0.57Hinduja Global Solutions Ltd. Software 85.88 0.57Bharat Heavy Electricals Ltd. Industrial Capital Goods 85.36 0.56PTC India Ltd. Power 85.05 0.56Natco Pharma Ltd. Pharmaceuticals 83.87 0.55The Great Eastern ShippingCompany Ltd. Transportation 82.56 0.55Divi’s Laboratories Ltd. Pharmaceuticals 79.83 0.53NIIT Technologies Ltd. Software 75.58 0.50Sobha Developers Ltd. Construction 75.09 0.50Tata Motors Ltd. Auto 74.05 0.49Phillips Carbon Black Ltd. Chemicals 73.60 0.49NTPC Ltd. Power 72.64 0.48SKF India Ltd. Industrial Products 71.57 0.47Maruti Suzuki India Ltd. Auto 70.76 0.47CESC Ltd. Power 67.61 0.45Nucleus Software Exports Ltd. Software 66.98 0.44Mcnally Bharat EngineeringCompany Ltd. Industrial Capital Goods 66.68 0.44Mangalam Cement Ltd. Cement 63.72 0.42TIL Ltd. Industrial Capital Goods 62.65 0.41

Bajaj Electricals Ltd. Consumer Durables 61.96 0.41IndusInd Bank Ltd. Banks 61.54 0.41Indian Overseas Bank Banks 59.56 0.39Lovable Lingerie Ltd. Textile Products 57.30 0.38Motilal Oswal Financial Services Ltd. Finance 53.12 0.35HeidelbergCement India Ltd. Cement 51.87 0.34CMC Ltd. Hardware 50.05 0.33Rallis India Ltd. Pesticides 48.70 0.32Shiv-Vani Oil & Gas ExplorationServices Ltd. Oil 48.63 0.32IPCA Laboratories Ltd. Pharmaceuticals 47.84 0.32Ramky Infrastructure Ltd. Construction 46.52 0.31Eveready Industries India Ltd. Consumer Non Durables 45.07 0.30Maharashtra Seamless Ltd. Ferrous Metals 41.52 0.27Esab India Ltd. Industrial Products 40.27 0.27Sasken CommunicationTechnologies Ltd. Software 39.88 0.26Noida Toll Bridge Company Ltd. Transportation 35.41 0.23Persistent Systems Ltd. Software 31.78 0.21Transformers And Rectifiers(India) Ltd. Industrial Capital Goods 30.75 0.20JK Cement Ltd. Cement 29.57 0.20CRISIL Ltd. Finance 28.79 0.19Texmaco Rail & Engineering Ltd. Industrial Capital Goods 25.08 0.17Nagarjuna Agrichem Ltd. Pesticides 22.66 0.15GEI Industrial Systems Ltd. Industrial Capital Goods 21.54 0.14Texmaco Ltd. Industrial Capital Goods 10.01 0.07Dr. Reddy’s Laboratories Ltd. - NCD Pharmaceuticals 4.45 0.03Cash & Current Assets 318.40 2.10

British American Tobacco ADR Consumer Staples 202.89 1.34K T & G Corp Consumer Staples 139.62 0.92Gafisa ADR Household Goods &

Home Construction 130.35 0.86Korea Electric Power Corporation Utilities 78.75 0.52Teva Pharmaceutical Industry ADR Healthcare 50.05 0.33CPFL Energia ADR Utilities 23.89 0.16


Net Assets 15,146.79 100.00

The portfolio turnover ratio of the scheme for the period endingis 0.61 times


31st May, 2011

Fund Managers: Nitin Bajaj -Anirudh Gopalakrishnan -

Total work experience of 12 years, managing this fund since June 2009Total work experience of over 10 years, managing this fund for foreign securities investments since October

FIDELITY INDIA VALUE FUND Vs BSE 200as on May 31, 2011


� Fidelity India Value Fund

BSE 200�

08-Jan-10 31-May-11


14

13

12

11

10

9

8




Banks 22.30Software 10.07Finance 8.77Petroleum Products 7.47Pharmaceuticals 6.75Construction 4.93Industrial Products 3.23Auto Ancillaries 2.94Media & Entertainment 2.88Power 2.79Gas 2.43Consumer Non Durables 2.32Ferrous Metals 2.29Cash & Current Assets 2.10Industrial Capital Goods 1.99Oil 1.94Cement 1.63Trading 1.55Minerals/Mining 0.98Auto 0.96Non - Ferrous Metals 0.95Telecom - Services 0.89Construction Project 0.84Transportation 0.78Chemicals 0.49Pesticides 0.47Consumer Durables 0.41Textile Products 0.38Hardware 0.33

Total 95.87* Based on AMFI Classification


inception. For this purpose the inception date is deemed to be thedate of allotment, i.e. 8-Jan-2010. NAV of Growth Option is used.FIVF NAV as on 31 May 2011 was Rs.10.868. BSE 200 as on 31 May2011 was 2301.65. Returns for less than 1 year period are absoluteand those of greater than or equal to 1 year period are compoundedannualised. Source: FIVF NAV and BSE 200 data - AMFI, BSE. FidelityIndia Growth Fund is benchmarked to BSE 200.


PERIOD FIVF BSE 200

6 Months -8.43% -6.11%1 Year 5.49% 6.94%Since inception* 6.16% 2.86%


Consumer Staples 2.26

Household Goods & Home Construction 0.86

Utilities 0.68

Healthcare 0.33

Total 4.13

* Based on MSCI sector classification

DOMESTIC SECURITIES


PORTFOLIO STATEMENT OF UNDERLYING FUND - FIDELITY GLOBAL REAL ASSET SECURITIES FUND as on May 31, 2011

Royal Dutch Shell Plc Oil, Gas & Consumable Fuels Energy UK 3.17Anadarko Petroleum Corp. Oil, Gas & Consumable Fuels Energy USA 2.99Exxon Mobil Corp. Oil, Gas & Consumable Fuels Energy USA 2.97Newcrest Mining Ltd. Metals & Mining Materials ASTL 2.76Bg Group Plc Oil, Gas & Consumable Fuels Energy UK 2.75Emerson Elec Co. Electrical Equipment Capital Goods USA 2.34Safran (Societe D Applicat) Aerospace & Defense Capital Goods FRAN 2.21General Electric Co. Industrial Conglomerates Capital Goods USA 2.13Simon Ppty Group Inc - Reit Real Estate Investment

Trusts (Reits) Real Estate USA 2.11Apache Corp Oil, Gas & Consumable Fuels Energy USA 2.10Baker Hughes Inc Energy Equipment & Services Energy USA 2.07American Tower Corp Cl A Wireless Telecom Services Telecommuni

-cation Services USA 2.06Bayer Ag Pharmaceuticals Pharm, Biotech,

& Life Science GERW 1.96Public Storage Real Estate Investment

Trusts (Reits) Real Estate USA 1.81Larsen & Toubro Ltd. (Demat) Construction & Engineering Capital Goods IND 1.79Bp Plc Oil, Gas & Consumable Fuels Energy UK 1.76Prysmian Spa Electrical Equipment Capital Goods ITAL 1.67Sika Ag (Br) Chemicals Materials SWIT 1.60Suncor Enrgy Inc Oil, Gas & Consumable Fuels Energy CANA 1.58Kubota Corp. Machinery Capital Goods JAPA 1.55Keyence Corp Electronic Equip., Inst. & Comp. Technology

Hardware &Equip JAPA 1.52

Rolls-Royce Holdings Plc Aerospace & Defense Capital Goods UK 1.51Thyssen Krupp Ag Metals & Mining Materials GERW 1.51Lonmin Plc Metals & Mining Materials UK 1.46Gazprom O A O Oil, Gas & Consumable Fuels Energy RUS 1.42Johnson Matthey Plc Chemicals Materials UK 1.36Xstrata Plc Metals & Mining Materials UK 1.33Mitsubishi Estate Co. Ltd. Real Estate Mgt & Dev Real Estate JAPA 1.32Danaher Corp Machinery Capital Goods USA 1.24Cummins India Ltd. Machinery Capital Goods IND 1.22Heidelbergcement Ag (Gerw) Construction Materials Materials GERW 1.18Shaw Group Inc Construction & Engineering Capital Goods USA 1.15Foster Wheeler Ag Construction & Engineering Capital Goods SWIT 1.13Smc Corp Machinery Capital Goods JAPA 1.13Korea Electric Power Corp Electric Utilities Utilities KOR 1.12Linde Ag Chemicals Materials GERW 1.08London Mining Plc (Uk) Metals & Mining Materials UK 1.08Lanxess Ag Chemicals Materials GERW 1.06James Hardie Industries Se Cdi Construction Materials Materials IREL 1.05Macarthur Coal Ltd. Metals & Mining Materials ASTL 1.05Oneok Inc Gas Utilities Utilities USA 1.04Schoeller-Bleckmann Oil (Aust) Energy Equipment & Services Energy AUST 1.04Sl Green Realty Corp Reit Real Estate Investment

Trusts (Reits) Real Estate USA 1.03Woodside Petroleum Ltd. Oil, Gas & Consumable Fuels Energy ASTL 1.01Verbund Ag Electric Utilities Utilities AUST 0.99Iluka Resources Limited Metals & Mining Materials ASTL 0.99Anglo Amer Plc (Uk) Metals & Mining Materials UK 0.99Detour Gold Corp Metals & Mining Materials CANA 0.98Nabtesco Corp Machinery Capital Goods JAPA 0.98Petroleo Brasileiro-Petrobras Oil, Gas & Consumable Fuels Energy BRAZ 0.98Fiat Industrial Spa Machinery Capital Goods ITAL 0.97Continental Res Okla Oil, Gas & Consumable Fuels Energy USA 0.97E.On Ag Electric Utilities Utilities GERW 0.91Tnt Express Nv Air Freight & Logistics Transportation NETH 0.90

China Resources Land Ltd. Real Estate Mgt & Dev Real Estate CHNR 0.87Eurocommercial Cva Real Estate Investment

Trusts (Reits) Real Estate NETH 0.86Osisko Mining Corp Metals & Mining Materials CANA 0.82Chemtura Corp New Chemicals Materials USA 0.82Weatherford International Ltd. Energy Equipment & Services Energy SWIT 0.82Teck Resources Ltd. Sub Vtg ClbMetals & Mining Materials CANA 0.80Ntt Urban Development Corp Real Estate Mgt & Dev Real Estate JAPA 0.77Arcelormittal Sa (Neth) Metals & Mining Materials LUX 0.70Sawada Holdings Co. Ltd. Capital Markets Diversified

Financials JAPA 0.69Postnl Nv Air Freight & Logistics Transportation NETH 0.66First Quantum Minerals Inc Metals & Mining Materials CANA 0.58Galp Energia Sgps Sa Oil, Gas & Consumable Fuels Energy PTGL 0.50Soco Intl Plc Oil, Gas & Consumable Fuels Energy UK 0.42Oberoi Realty Ltd. Real Estate Mgt & Dev Real Estate IND 0.38Exxaro Resources Ltd. Metals & Mining Materials SOAF 0.36Banro Corp Metals & Mining Materials CANA 0.33Canacol Energy Ltd. Oil, Gas & Consumable Fuels Energy CANA 0.24New Guinea Energy Ltd. Oil, Gas & Consumable Fuels Energy ASTL 0.21Petromanas Energy Inc Oil, Gas & Consumable Fuels Energy CANA 0.19Oxford Catalysts Group Plc Energy Equipment & Services Energy UK 0.16Northern Petroleum Plc Oil, Gas & Consumable Fuels Energy UK 0.10African Petroleum Corp Ltd. Metals & Mining Materials ASTL 0.09Net Other Assets Cash Cash NOCY 6.50Total 100.00


Name of the Instrument % toNet Asets

Fidelity Funds - Global Real Asset Securities Fund 13,597.55 99.19%

Fidelity Cash Fund - Institutional Plan - Growth Option 239.55 1.75%

Market ValueRs. in Lacs

% toNet Asets

Market ValueRs. in Lacs

Name of the Instrument

Net Current Assets / (Liabilities) -128.91 -0.94%

Net Assets 13,708.19 100.00%

The annualised total expense ratio for the financial year to date period is 0.75%Investors in FGRAF shall bear the recurring expenses of the scheme in addition toexpenses of underlying scheme

Name of the Instrument Industry % toNet AsetsSector Listed

CountryName of the Instrument Industry % to

Net AsetsSector ListedCountry

FIDELITY GLOBAL REAL ASSETS FUND Vs BENCHMARK*as on May 31, 2011


*FGRAF is benchmarked to a custom benchmark - Global Real Assets Blended Index - created byassigning 20% to MSCI ACWI Industrials, 20% to MSCI ACWI Real Estate, 10% to MSCI ACWIUtilities, 20% MSCI ACWI Materials and 30% to MSCI ACWI Energy.

Fund Manager of Underlying Fund:- Total work experience of over 14 years, managing the fund since September 2009.Amit Lodha

Fund Manager: Anirudh Gopalakrishnan - Total work experience of over 10 years, managing this fund for foreign securities investments sinceOctober 2010

� Fidelity Global Real Assets Fund

Custom Benchmark - Rebased�

11-Feb-10 31-May-11

Benchmark is indexed to 10

12

11

10

9

An open-ended fund of funds scheme


inception. For this purpose the inception date is deemed to be thedate of allotment, i.e. 11-Feb-2010. NAV of Growth Option is used.FGRAF NAV as on 31 May 2011 was Rs.13.407. Custom benchmark ason 31 May 2011 was 128.79. Returns for less than 1 year period areabsolute and those of greater than or equal to 1 year period arecompounded annualised. Source: FGRAF NAV and custombenchmark - Amfi and FIL Ltd. Fidelity Global Real Assets Fund is isbenchmarked to custom benchmark.



SECTOR ALLOCATION OF UNDERLYING FUND -FIDELITY GLOBAL REAL ASSET SECURITIES FUND*

as on May 31, 2011

Energy 27.45

Materials 24.00

Capital Goods 21.03

Real Estate 9.15

Cash 6.50

Utilities 4.07

Others 7.80

Grand Total 100

*Based on MSCI sector classification.

PERIOD FGRAF BENCHMARK

Six Months 12.38% 13.47%1 Year 30.17% 29.54%Since inception* 25.33% 20.56%

COUNTRY % OF NET ASSETS

COUNTRY ALLOCATION OF UNDERLYING FUND -FIDELITY GLOBAL REAL ASSET SECURITIES FUND

as on May 31, 2011

Source: FIL Ltd. Benchmark: Global Real Asset Custom Blended Index (MSCIACWI Industrials (20%), Real Estate (20%), Utilities (10%), Materials (20%),Energy (30%)

USA 26.84UK 16.10Australia 8.14Japan 7.96Germany 7.70Cash 6.50Canada 5.52Switzerland 3.55India 3.40Italy 2.64France 2.21Others 9.44

Grand Total 100.00

An open-ended fund of funds scheme





Domestic SecuritiesReliance Industries Ltd. Petroleum Products 46.16 4.63ITC Ltd. Consumer Non Durables 24.72 2.48Shriram Transport FinanceCompany Ltd. Finance 21.77 2.18Infosys Technologies Ltd. Software 21.62 2.17State Bank of India Banks 19.37 1.94HDFC Bank Ltd. Banks 19.29 1.94Tata Consultancy Services Ltd. Software 19.20 1.93ICICI Bank Ltd. Banks 18.21 1.83FAG Bearings India Ltd. Industrial Products 16.59 1.66Housing Development FinanceCorporation Ltd. Finance 16.05 1.61The Federal Bank Ltd. Banks 14.40 1.44Lupin Ltd. Pharmaceuticals 13.41 1.35Ahluwalia Contracts (India) Ltd. Construction 13.08 1.31Jagran Prakashan Ltd. Media & Entertainment 12.91 1.30ING Vysya Bank Ltd. Banks 12.82 1.29Gujarat State Petronet Ltd. Gas 12.18 1.22Dr. Reddy’s Laboratories Ltd. Pharmaceuticals 12.09 1.21Axis Bank Ltd. Banks 11.54 1.16CEAT Ltd. Auto Ancillaries 10.99 1.10Oil & Natural Gas Corporation Ltd. Oil 10.29 1.03IL&FS Investment Managers Ltd. Finance 10.24 1.03Redington (India) Ltd. Trading 10.11 1.01Standard Chartered PLC Banks 9.84 0.99Cipla Ltd. Pharmaceuticals 9.71 0.97The Jammu & Kashmir Bank Ltd. Banks 9.67 0.97Jindal Steel & Power Ltd. Ferrous Metals 9.02 0.90Oberoi Realty Ltd. Construction 8.92 0.90The South Indian Bank Ltd. Banks 8.78 0.88Power Grid Corporation of India Ltd. Power 8.46 0.85Sun TV Network Ltd. Media & Entertainment 8.40 0.84Sterlite Industries ( India ) Ltd. Non - Ferrous Metals 7.74 0.78Coal India Ltd. Minerals/Mining 7.25 0.73Infotech Enterprises Ltd. Software 6.59 0.66Corporation Bank Banks 6.27 0.63Bharti Airtel Ltd. Telecom - Services 6.08 0.61Punjab National Bank Banks 5.92 0.59Allahabad Bank Banks 5.77 0.58Larsen & Toubro Ltd. Construction Project 5.72 0.57Amara Raja Batteries Ltd. Auto Ancillaries 5.38 0.54Hinduja Global Solutions Ltd. Software 5.23 0.53Bharat Heavy Electricals Ltd. Industrial Capital Goods 5.21 0.52Tata Steel Ltd. Ferrous Metals 5.13 0.51WABCO-TVS (INDIA) Ltd. Auto Ancillaries 5.11 0.51KPIT Cummins Infosystems Ltd. Software 5.09 0.51Indian Oil Corporation Ltd. Petroleum Products 4.90 0.49Bank of Baroda Banks 4.83 0.48GAIL (India) Ltd. Gas 4.81 0.48Shree Cements Ltd. Cement 4.76 0.48B. L. Kashyap and Sons Ltd. Construction 4.71 0.47Natco Pharma Ltd. Pharmaceuticals 4.70 0.47The Great Eastern ShippingCompany Ltd. Transportation 4.67 0.47NIIT Technologies Ltd. Software 4.59 0.46Thangamayil Jewellery Ltd. Consumer Non Durables 4.57 0.46Maruti Suzuki India Ltd. Auto 4.55 0.46CESC Ltd. Power 4.47 0.45FDC Ltd. Pharmaceuticals 4.42 0.44Mcnally Bharat EngineeringCompany Ltd. Industrial Capital Goods 4.32 0.43Nucleus Software Exports Ltd. Software 4.26 0.43ICRA Ltd. Finance 4.26 0.43TIL Ltd. Industrial Capital Goods 4.16 0.42PTC India Ltd. Power 4.06 0.41Tata Motors Ltd. Auto 4.06 0.41MindTree Ltd. Software 3.91 0.39Consolidated ConstructionConsortium Ltd. Construction 3.87 0.39LIC Housing Finance Ltd. Finance 3.49 0.35SKF India Ltd. Industrial Products 3.14 0.31

Heidelberg Cement India Ltd. Cement 2.97 0.30IndusInd Bank Ltd. Banks 2.89 0.29Noida Toll Bridge Company Ltd. Transportation 2.84 0.29NTPC Ltd. Power 2.80 0.28CRISIL Ltd. Finance 2.72 0.27Divi’s Laboratories Ltd. Pharmaceuticals 2.71 0.27CMC Ltd. Hardware 2.67 0.27Indian Overseas Bank Banks 2.62 0.26Sobha Developers Ltd. Construction 2.62 0.26Ramky Infrastructure Ltd. Construction 2.61 0.26Phillips Carbon Black Ltd. Chemicals 2.56 0.26IPCA Laboratories Ltd. Pharmaceuticals 2.54 0.25Rallis India Ltd. Pesticides 2.52 0.25Mangalam Cement Ltd. Cement 2.47 0.25Sasken CommunicationTechnologies Ltd. Software 2.47 0.25Bajaj Electricals Ltd. Consumer Durables 2.46 0.25Persistent Systems Ltd. Software 2.36 0.24Maharashtra Seamless Ltd. Ferrous Metals 2.27 0.23GEI Industrial Systems Ltd. Industrial Capital Goods 2.21 0.22Eveready Industries India Ltd. Consumer Non Durables 2.07 0.21Esab India Ltd. Industrial Products 2.07 0.21Shiv-Vani Oil & Gas ExplorationServices Ltd. Oil 2.05 0.21JK Cement Ltd. Cement 1.99 0.20Nagarjuna Agrichem Ltd. Pesticides 1.97 0.20Transformers And Rectifiers (India) Ltd. Industrial Capital Goods 1.96 0.20Motilal Oswal Financial Services Ltd. Finance 1.84 0.18Dr. Reddy’s Laboratories Ltd. - NCD Pharmaceuticals 0.14 0.01Cash & Current Assets 40.22 4.04

Fidelity Short Term Income Fund -Growth Option Mutual Fund Units 275.18 27.61

Mutual Fund Units/Gold ETF

Net Assets 996.64 100.00



31st May, 2011


Fund Managers:Nitin Bajaj -Shriram Ramanatan -Anirudh Gopalakrishnan -

Total work experience of 12 years, managing this fund since February 2011Total work experience 14 years, managing this fund since February 2011

Total work experience of over 10 years, managing this fund for foreign securities investments since February

Education Fund

Fidelity India Children s Plan - Education Fund VsCrisil Education Option Index

as on May 31, 2011

� Fidelity India Children’s PlanEducation Fund - Growth

Education Option Index�

07-Feb-11 31-May-11

14

13

12

11

10

9

8

An open-ended hybrid plancomprising three funds

Past performance may or may not be sustained in the future.Education Fund is benchmarked to a custom benchmark created by assigning

70% weight to BSE 200 Index and 30% to Crisil Short Term Fund Index.


SECTOR ALLOCATION OFFIDELITY INDIA CHILDREN S PLAN - EDUCATION FUND*

as on May 31, 2011

Mutual Fund Units/Gold ETF 27.61Banks 15.27Software 7.56Finance 6.06Petroleum Products 5.12Pharmaceuticals 4.99Cash & Current Assets 4.04Construction 3.59Consumer Non Durables 3.15Industrial Products 2.19Auto Ancillaries 2.15Media & Entertainment 2.14Power 1.99Industrial Capital Goods 1.79Gas 1.71Ferrous Metals 1.65Oil 1.24Cement 1.22Trading 1.01Auto 0.86Non - Ferrous Metals 0.78Transportation 0.75Minerals/Mining 0.73Telecom - Services 0.61Construction Project 0.57Pesticides 0.45Hardware 0.27Chemicals 0.26Consumer Durables 0.25

Grand Total: 100.00

*Based on AMFI sector classification.


* Note: As per the SEBI standards for performance reporting, the Since inception return is calculated on NAV of Rs.10/- invested at inception. For thispurpose the inception date is deemed to be the date of allotment, i.e. 16-May-2005. NAV of Growth Option is used. FICF - E NAV as on 31 May 2011was Rs.10.091. Crisil Education Option Index as on 31 May 2011 was 10.52. Returns for less than 1 year period are absolute and those for greater than orequal to 1 year period are compounded annualised. Source: FICP- E NAV and Education Option Index Data - AMFI,Crisil. Fidelity India Children’s Plan -Education Fund is benchmarked to the Education option Index.

Education Fund is benchmarked to a custom benchmark created by assigning70% weight to BSE 200 Index and 30% to Crisil Short Term Fund Index.


PERIOD FICPE BENCHMARK


Education Fund

Fund Managers: Nitin Bajaj -Shriram Ramanatan -Anirudh Gopalakrishnan -









Domestic SecuritiesReliance Industries Ltd. Petroleum Products 50.94 4.69ITC Ltd. Consumer Non Durables 27.05 2.49Infosys Technologies Ltd. Software 23.51 2.16Shriram Transport FinanceCompany Ltd. Finance 23.08 2.12HDFC Bank Ltd. Banks 22.34 2.06Tata Consultancy Services Ltd. Software 20.44 1.88State Bank of India Banks 20.02 1.84ICICI Bank Ltd. Banks 18.83 1.73FAG Bearings India Ltd. Industrial Products 17.75 1.63Housing Development FinanceCorporation Ltd. Finance 17.05 1.57The Federal Bank Ltd. Banks 16.35 1.50Lupin Ltd. Pharmaceuticals 14.43 1.33Ahluwalia Contracts (India) Ltd. Construction 14.42 1.33Jagran Prakashan Ltd. Media & Entertainment 14.04 1.29ING Vysya Bank Ltd. Banks 13.75 1.26Gujarat State Petronet Ltd. Gas 13.20 1.21Dr. Reddy’s Laboratories Ltd. Pharmaceuticals 13.09 1.20CEAT Ltd. Auto Ancillaries 12.22 1.12Axis Bank Ltd. Banks 11.54 1.06Redington (India) Ltd. Trading 11.32 1.04Oil & Natural Gas Corporation Ltd. Oil 11.23 1.03IL&FS Investment Managers Ltd. Finance 11.19 1.03The Jammu & Kashmir Bank Ltd. Banks 10.77 0.99Cipla Ltd. Pharmaceuticals 10.52 0.97Power Grid Corporation of India Ltd. Power 10.11 0.93Jindal Steel & Power Ltd. Ferrous Metals 9.89 0.91Standard Chartered PLC Banks 9.50 0.87Oberoi Realty Ltd. Construction 9.15 0.84The South Indian Bank Ltd. Banks 8.43 0.78Sun TV Network Ltd. Media & Entertainment 8.18 0.75Coal India Ltd. Minerals/Mining 7.61 0.70Allahabad Bank Banks 7.22 0.66Corporation Bank Banks 7.17 0.66Infotech Enterprises Ltd. Software 7.13 0.66Punjab National Bank Banks 6.88 0.63Bharti Airtel Ltd. Telecom - Services 6.84 0.63Larsen & Toubro Ltd. Construction Project 6.24 0.57Sterlite Industries ( India ) Ltd. Non - Ferrous Metals 6.12 0.56Tata Steel Ltd. Ferrous Metals 6.02 0.55GAIL (India) Ltd. Gas 6.00 0.55KPIT Cummins Infosystems Ltd. Software 5.85 0.54Indian Oil Corporation Ltd. Petroleum Products 5.79 0.53Bharat Heavy Electricals Ltd. Industrial Capital Goods 5.50 0.51Bank of Baroda Banks 5.41 0.50B. L. Kashyap and Sons Ltd. Construction 5.33 0.49WABCO-TVS (INDIA) Ltd. Auto Ancillaries 5.32 0.49Hinduja Global Solutions Ltd. Software 5.29 0.49Shree Cements Ltd. Cement 5.27 0.49Divi’s Laboratories Ltd. Pharmaceuticals 5.21 0.48Thangamayil Jewellery Ltd. Consumer Non Durables 5.12 0.47The Great Eastern ShippingCompany Ltd. Transportation 5.10 0.47FDC Ltd. Pharmaceuticals 4.96 0.46Natco Pharma Ltd. Pharmaceuticals 4.77 0.44NIIT Technologies Ltd. Software 4.59 0.42Mcnally Bharat EngineeringCompany Ltd. Industrial Capital Goods 4.59 0.42CESC Ltd. Power 4.55 0.42Maruti Suzuki India Ltd. Auto 4.55 0.42NTPC Ltd. Power 4.53 0.42ICRA Ltd. Finance 4.45 0.41TIL Ltd. Industrial Capital Goods 4.35 0.40PTC India Ltd. Power 4.32 0.40MindTree Ltd. Software 4.23 0.39Consolidated ConstructionConsortium Ltd. Construction 4.22 0.39Tata Motors Ltd. Auto 4.08 0.38LIC Housing Finance Ltd. Finance 3.63 0.33Amara Raja Batteries Ltd. Auto Ancillaries 3.62 0.33CRISIL Ltd. Finance 3.13 0.29IndusInd Bank Ltd. Banks 2.88 0.27

CMC Ltd. Hardware 2.87 0.26SKF India Ltd. Industrial Products 2.87 0.26IPCA Laboratories Ltd. Pharmaceuticals 2.80 0.26Sobha Developers Ltd. Construction 2.80 0.26HeidelbergCement India Ltd. Cement 2.74 0.25Indian Overseas Bank Banks 2.64 0.24Phillips Carbon Black Ltd. Chemicals 2.58 0.24Bajaj Electricals Ltd. Consumer Durables 2.58 0.24Ramky Infrastructure Ltd. Construction 2.54 0.23Rallis India Ltd. Pesticides 2.51 0.23Mangalam Cement Ltd. Cement 2.49 0.23Eveready Industries India Ltd. Consumer Non Durables 2.39 0.22Maharashtra Seamless Ltd. Ferrous Metals 2.37 0.22Noida Toll Bridge Company Ltd. Transportation 2.37 0.22Persistent Systems Ltd. Software 2.35 0.22Esab India Ltd. Industrial Products 2.29 0.21Sasken CommunicationTechnologies Ltd. Software 2.27 0.21Nucleus Software Exports Ltd. Software 2.25 0.21Nagarjuna Agrichem Ltd. Pesticides 2.15 0.20Shiv-Vani Oil & Gas ExplorationServices Ltd. Oil 2.07 0.19GEI Industrial Systems Ltd. Industrial Capital Goods 2.07 0.19JK Cement Ltd. Cement 2.02 0.19Transformers And Rectifiers (India) Ltd. Industrial Capital Goods 2.02 0.19Motilal Oswal Financial Services Ltd. Finance 1.89 0.17Dr. Reddy’s Laboratories Ltd. - NCD Pharmaceuticals 0.16 0.01Cash & Current Assets 55.92 5.14

Benchmark Mutual Fund -Gold Benchmark Exchange TradedScheme Gold ETF 202.81 18.66Fidelity Short Term Income Fund -Growth Option Mutual Fund Units 97.86 9.00

Mutual Fund Units/Gold ETF

Net Assets 1,086.92 100.00



31st May, 2011

Marriage Fund




Fidelity India Children s Plan - Marriage Fund VsCrisil Marriage Option Index

as on May 31, 2011

� Fidelity India Children’s PlanMarriage Fund Growth

Marriage Option Index�

07-Feb-11 31-May-11

14

13

12

11

10

9

8


Past performance may or may not be sustained in the future.Marriage Fund is benchmarked to a custom benchmark created by assigning 70%

to BSE 200 Index, 20% to Gold Prices and 10% to Crisil Short Term Bond Fund Index.


* Note: As per the SEBI standards for performance reporting, the

Since inception return is calculated on NAV of Rs.10/- invested at

inception. For this purpose the inception date is deemed to be the

date of allotment, i.e. 07-February-2011. Returns for less than one

year period are absolute and those for greater than or equal to one

year period are compounded annualised. NAV of Growth Option is

used. FICP- S NAV as on 31 May, 2011 was Rs.10.1992. Crisil Short

Term Bond Fund Index as on 31 May, 2011 was 1730.34 Source: Crisil

Short Term Bond Fund Index- AMFI. Fidelity India Childrens Plan -

Savinds Fund NAV - AMFI.




Past performance may or may not be sustained in the future. MarriageFund is benchmarked to a custom benchmark created by assigning 70%to BSE 200 Index, 20% to Gold Prices and 10% to Crisil Short Term BondFund Index.* Note: As per the SEBI standards for performance reporting, the Sinceinception return is calculated on NAV of Rs.10/- invested at inception.For this purpose the inception date is deemed to be the date ofallotment, i.e. 16-May-2005. NAV of Growth Option is used. FICF - MNAV as on 31 May 2011 was Rs.10.265. Crisil Marriage option Index ason 31 May 2011 was 10.52 . Returns for less than 1 year period areabsolute and those for greater than or equal to 1 year period arecompounded annualised. Source: FICP- M NAV and Education OptionIndex Data - AMFI, Crisil. Fidelity India Children’s Plan - Marriage Fundis benchmarked to the Crisil Marriage Option Index.



SECTOR ALLOCATION OFFIDELITY INDIA CHILDREN S PLAN - MARRIAGE FUND*

as on May 31, 2011

Mutual Fund Units/Gold ETF 27.66Banks 15.06Software 7.17Finance 5.93Petroleum Products 5.22Pharmaceuticals 5.15Cash & Current Assets 5.14Construction 3.54Consumer Non Durables 3.18Power 2.16Industrial Products 2.11Media & Entertainment 2.04Auto Ancillaries 1.95Gas 1.77Industrial Capital Goods 1.70Ferrous Metals 1.68Oil 1.22Cement 1.15Trading 1.04Auto 0.79Minerals/Mining 0.70Transportation 0.69Telecom - Services 0.63Construction Project 0.57Non - Ferrous Metals 0.56Pesticides 0.43Hardware 0.26Chemicals 0.24Consumer Durables 0.24Grand Total: 100.00



Marriage Fund Savings Fund


Fidelity Short Term Income Fund - Growth Option 108.68 94.72%Net Current Assets / (Liabilities) 6.05 5.28%

The annualised total expense ratio of the scheme is 0.50%

Net Assets 114.73 100.00%

Mutual Fund Units Market Value % to(Rs. in Lakhs) NAV



Total work experience of over 10 years, managing this fund for foreign securities investments since February 2011

Crisil Short Term Bond Fund Index to 10

07-Feb-11 31-May-11

� Fidelity India Children’s PlanSavings Fund Growth

Crisil Short Term Bond Fund Index�

Fidelity India Children s Plan - Savings Fund VsCrisil Short Term Bond Fund Index

as on May 31, 2011


Ahmedabad Gurgaon Pune

Bangalore Kolkata Secunderabad

301, Raindrops Building, Ground Floor, Unit No. 406, 4th Floor,Opp. Cargo Motors, Unitech World Cyber Park, Nucleus Mall,C. G. Road, Ellis Bridge, Sector - 39, 1, Church Road, Camp,Ahmedabad 380 006 Gurgaon 122 001 Pune 411 001

#205-207, 2nd Floor, 408, 4th Floor, No 1-8-304-307, 3rd Floor,Phoenix Towers, Azimganj House, Kamala Towers,16 & 16/1, Museum Road, 7, Camac Street, Pattigadda Street No 1,Bangalore 560 025 Kolkata 700 017 (above Mody Ford showroom),

Begumpet,

Tower - D,

Secunderabad 500 003

3rd Floor, Investwell Centre, 91, 6th Floor,G. N. Chetty Road, Mafatlal Centre, 1800 2000 400 orT. Nagar, Nariman Point, 91 124 3915655Chennai 600 017 Mumbai 400 021 between 9 am - 6 pm

(Monday - Friday)

Chennai MumbaiContact us on Toll free number

LOAD STRUCTUREFEF, FISS, FIOF, FIGF, FIVF & FGRAF

Fidelity India Children s Plan

- Exit Load: Within 1 year from the date of allotment or Purchase applying First in First Out basis: 1.00%. A switch-out or a withdrawal under SWPor a transfer under STP may also attract an Exit Load like any Redemption. No Exit Load/CDSC will be chargeable in case of switches made between different options of the Scheme.FTAF Exit: Nil. The units allotted under FTAF have a lock-in period of 3 years from the allotment date. No Exit loads will be chargeable in case of; (I) Units allotted on account ofdividend re-investment; and (ii) Units issued by way of bonus, if any. - Exit Loads - Education & Marriage Fund : For redemption within 1 year, 2 years and3 years from the date of allotment or Purchase applying First in First Out basis - 3%, 2% and 1% respectively, No Exit Load/CDSC will be chargeable in case of switches made betweendifferent options of the same Fund or between different Funds within the Plan and in case of transfer under STP.

No Exit Load will be chargeable in case of redemption of: (i) Units allotted on account of dividend re-investments; and (ii) Units issuedby way of bonus, if any.

Savings Fund: Exit load: Within 1 year from the date of allotment orPurchase applying First in First Out basis: 0.5%

- Fidelity is adjudged the 'Best Group - Equity' over past three years as on December 31, 2010. Fund groups with at least three equity, three bond,and three mixed-asset funds are eligible for an overall group award. An overall group award will be given to the group with the lowest average decile1 ranking of its respective assetclass results. In cases of identical results the lower average percentile rank will determine the winner. No overall group awards are handed out if there are less then three competingcompanies. The group awards are given to the company that is responsible for establishing the fund by appointing the fund management company, promoting and/or distributingthe fund, the brand of the fund and the product range. This company is also referred as promoter or sponsor company. Although Lipper makes reasonable efforts to ensure theaccuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Users acknowledge that they have not relied upon any warranty, condition, guarantee,or representation made by Lipper. Any use of the data for analyzing, managing, or trading financial instruments is at the user's own risk. This is not an offer to buy or sell securities. For adetailed explanation please review the Lipper Leaders methodology document on www.lipperweb.com Fidelity Equity Fund has been ranked asa Five Star Fund in the category of 'Open Ended Diversified Equity - Defensive schemes for its 1 year performance till December 31, 2010. The rank is an outcome of an objective andcomparative analysis against various parameters, including: risk adjusted return, fund size, company concentration and portfolio turnover. The ranking methodology did not take intoaccount loads imposed by the Fund. There were 118 schemes considered in 'Open Ended Diversified Equity - Defensive' category for the ranking exercise. The rank is neither acertificate of statutory compliance nor any guarantee on the future performance of Fidelity Mutual Fund. Ranking Source & Publisher: ICRA Online Limited.

Fidelity Tax Advantage Fund has been ranked as a Seven-Star/Best Fund in the 'Open-Ended Equity Linked Savings Scheme (ELSS)' category for its 3-yearperformance till December 31, 2010. The ranks are an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, fund size,company concentration, portfolio turnover and liquidity. The ranking methodology did not take into account entry and exit loads imposed by the Fund. There were 23 schemesconsidered for the 3-year performance in 'Open-Ended Equity Linked Savings Scheme (ELSS)' category for the ranking exercise. The rank is neither a certificate of statutorycompliance nor any guarantee on the future performance of Fidelity Tax Advantage Fund. Ranking Source & Publisher: ICRA Online Limited.

Fidelity Tax Advantage Fund - Dividend has been awarded the Morningstar Fund Awards (India) in the 'India Open-Ended ELSS (Tax Savings)' category for its one and three-year performance ending December 31, 2010. The methodology eliminates schemes based on fund size, below-median calendar year returns, and allocates a score on the basis ofreturns in one-year and three-year periods and the risk rank for a three-year period. The methodology also includes various qualitative measures like the portfolio manager's tenurewith the fund, the fund's deviation from its investment mandate, among others. There were 18 fund classes considered in 'India Open- Ended ELSS (Tax Savings)' category for theaward exercise. Loads were not considered while calculating returns. The award should not be construed as an offer, the solicitation of an offer, to buy or sell securities, byMorningstar. It is neither a certificate of statutory compliance nor any guarantee on the future performance. Ranking Source: Morningstar India.

Award: Fidelity Tax Advantage Fund won the CNBC TV18-CRISIL Mutual Fund of the Year Award 2011 in the Equity Linked Savings Schemes Category. In total 25 schemes wereeligible for the award universe. Schemes present in all four quarterly CRISIL Mutual Fund Ranking were considered for the award. The award is based on consistency of the scheme'sperformance in the four quarterly CRISIL Mutual Fund Rankings released during the calendar year 2010. The individual CRISIL Mutual Fund Ranking parameter scores averaged for thefour quarters were further multiplied by the parameter weights as per the CRISIL Mutual Fund Ranking methodology to arrive at the final scores. A detailed methodology of the CRISILMutual Fund Ranking is available at www.crisil.com Ranking Source: CRISIL FundServices, CRISIL Ltd.

Fidelity India Growth Fund won the CNBC TV18 - CRISIL Mutual Fund Awards 2011 in the Large Cap Oriented Funds category. In total 28 schemes were eligible for the awarduniverse. Schemes present in all four quarterly CRISIL Mutual Fund Ranking were considered for the award. The award is based on consistency of the scheme's performance in the fourquarterly CRISIL Mutual Fund Rankings released during the calendar year 2010. The individual CRISIL Mutual Fund Ranking parameter scores averaged for the four quarters werefurther multiplied by the parameter weights as per the CRISIL Mutual Fund Ranking methodology to arrive at the final scores. A detailed methodology of the CRISIL Mutual FundRanking is available at www.crisil.com. Rankings and Award Source: CRISIL FundServices, CRISIL Ltd.

1

2

3

4

Lipper Fund Awards India 2011

Fidelity Equity Fund - ICRA Award:

Fidelity Tax AdvantageFund - ICRA Award:

Morningstar Fund Awards(India):

CNBC TV18-CRISIL MutualFund:

Fidelity India Growth Fund - CNBC TV18-CRISIL Mutual FundAward:

Mutual fund investments are subject to market risksRead the Scheme Information Document and Statement of AdditionalInformation carefully before investing.Fidelity, Fidelity International and Pyramid Logo are trademarks of FIL Limited

Mutual fund investments are subject to market risksRead the Scheme Information Document and Statement of AdditionalInformation carefully before investing.

CI02118

fidelity equity fact sheet

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