Merger Of Few Schemes Of Fidelity MF with Schemes of L&T MF with effect from Nov 16, 2012

In March 2012, L&T Finance had acquired the India assets of Fidelity Mutual Fund.  In September 2012, SEBI has issued a no objection certificate (NOC) on the change of ownership of Fidelity AMC .

 SEBI gives green signal to L&T-Fidelity deal,  both fund houses will merge their schemes which have common objectives. L&T has eight equity schemes, two hybrid and seven debt funds while Fidelity runs 15 schemes. L&T MF has a predominant debt book while Fidelity has focused on equity assets. Both, L&T and Fidelity have a common registrar — CAMS. 

Fidelity Mutual Fund has announced the merger of following Schemes. 

The dissenting unit holders of L&T and Fidelity are given an option to redeem/switch out from the schemes within October 15, 2012 to November 15, 2012 without paying any exit load.

Also refer

Mutual fund capital gains in case of merger in mutual fund scheme!