Fidelity equity fact sheet July2011

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

JULY 2011JULY 2011

Name of the Instrument Industry % toNet Asets

Market Value(Rs in Lakhs)



PORTFOLIO STATEMENT as on July 29, 2011

Reliance Industries Ltd. Petroleum Products 21,007.19 6.10ICICI Bank Ltd. Banks 17,784.81 5.17ITC Ltd. Consumer Non Durables 17,766.54 5.16Infosys Ltd. Software 15,778.66 4.58HDFC Bank Ltd. Banks 15,077.19 4.38Tata Consultancy Services Ltd. Software 11,860.85 3.45Housing Development FinanceCorporation Ltd. Finance 10,447.98 3.03Dr. Reddy s Laboratories Ltd. Pharmaceuticals 10,129.10 2.94Cipla Ltd. Pharmaceuticals 8,143.36 2.37Gujarat Fluorochemicals Ltd. Gas 7,511.01 2.18State Bank of India Banks 7,182.43 2.09Larsen & Toubro Ltd. Construction Project 6,974.12 2.03Bank of Baroda Banks 6,886.68 2.00Oil & Natural Gas Corporation Ltd. Oil 6,491.95 1.89Bajaj Auto Ltd. Auto 6,242.07 1.81Shriram Transport FinanceCompany Ltd. Finance 5,837.17 1.70Bharti Airtel Ltd. Telecom - Services 5,836.04 1.70Axis Bank Ltd. Banks 5,800.74 1.68NTPC Ltd. Power 5,795.73 1.68Jindal Steel & Power Ltd. Ferrous Metals 5,274.52 1.53Maruti Suzuki India Ltd. Auto 5,072.90 1.47Lupin Ltd. Pharmaceuticals 4,999.41 1.45Rallis India Ltd. Pesticides 4,887.43 1.42Sterlite Industries ( India ) Ltd. Non - Ferrous Metals 4,515.25 1.31Motherson Sumi Systems Ltd. Auto Ancillaries 4,509.60 1.31Grasim Industries Ltd. Textile Products 4,446.83 1.29Power Grid Corporation of India Ltd. Power 4,400.57 1.28Bharat Heavy Electricals Ltd. Industrial Capital Goods 4,256.76 1.24GAIL (India) Ltd. Gas 4,068.62 1.18Gujarat State Petronet Ltd. Gas 3,848.58 1.12Titan Industries Ltd. Consumer Non Durables 3,744.65 1.09Punjab National Bank Banks 3,468.40 1.01Infrastructure DevelopmentFinance Company Ltd. Finance 3,344.54 0.97Hindustan Unilever Ltd. Consumer Non Durables 3,235.46 0.94Jagran Prakashan Ltd. Media & Entertainment 3,024.78 0.88Sun TV Network Ltd. Media & Entertainment 2,779.45 0.81National Stock Exchange of India Ltd. Finance 2,718.90 0.79D.B.Corp Ltd. Media & Entertainment 2,686.46 0.78CMC Ltd. Hardware 2,681.91 0.78Texmaco Rail & Engineering Ltd. Industrial Capital Goods 2,675.51 0.78NIIT Ltd. Software 2,333.47 0.68Max India Ltd. Industrial Products 2,333.18 0.68Ramky Infrastructure Ltd. Construction 2,319.94 0.67Dabur India Ltd. Consumer Non Durables 2,315.10 0.67Kotak Mahindra Bank Ltd. Banks 2,155.77 0.63Mundra Port and SpecialEconomic Zone Ltd. Transportation 2,118.79 0.62Century Textiles & Industries Ltd. Cement 2,030.26 0.59Indian Oil Corporation Ltd. Petroleum Products 1,951.21 0.57Coal India Ltd. Minerals/Mining 1,937.24 0.56LIC Housing Finance Ltd. Finance 1,936.46 0.56Idea Cellular Ltd. Telecom - Services 1,808.25 0.53Aventis Pharma Ltd. Pharmaceuticals 1,754.11 0.51Mcnally Bharat EngineeringCompany Ltd. Industrial Capital Goods 1,618.58 0.47Whirlpool of India Ltd. Consumer Durables 1,491.79 0.43UltraTech Cement Ltd. Cement 1,422.96 0.41KEC International Ltd. Power 1,353.71 0.39Jubilant Foodworks Ltd. Consumer Non Durables 1,351.88 0.39CESC Ltd. Power 1,349.68 0.39Exide Industries Ltd. Auto Ancillaries 1,309.12 0.38

WABCO-TVS (INDIA) Ltd. Auto Ancillaries 810.98 0.24Crompton Greaves Ltd. Industrial Capital Goods 690.74 0.20APL Apollo Tubes Ltd. Ferrous Metals 550.89 0.16OnMobile Global Ltd. Telecom - Services 483.37 0.14Dr. Reddy s Laboratories Ltd. - NCD Pharmaceuticals 127.01 0.04Cash & Current Assets Cash & Current Assets 30,496.28 8.84Mutual Fund Units/Gold ETFFidelity Cash Fund - SuperInstitutional Plan - Growth Option Mutual Fund Units 3,023.30 0.88

3,023.30 0.88Net Assets 344,268.23 100.00

The portfolio turnover ratio of the scheme for the 1 year period ending29th July, 2011 is 0.26 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

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.

INDUSTRY % OF NET ASSETS

INDUSTRY WISE CLASSIFICATION OF PORTFOLIO*as on July 29, 2011

Banks 16.96Cash & Current Assets 8.84Software 8.71Consumer Non Durables 8.25Pharmaceuticals 7.31Finance 7.05Petroleum Products 6.67Gas 4.48Power 3.74Auto 3.28Industrial Capital Goods 2.69Media & Entertainment 2.47Telecom - Services 2.37Construction Project 2.03Auto Ancillaries 1.93Oil 1.89Ferrous Metals 1.69Pesticides 1.42Non - Ferrous Metals 1.31Textile Products 1.29Cement 1.00Mutual Fund Units 0.88Hardware 0.78Industrial Products 0.68Construction 0.67Transportation 0.62Minerals/Mining 0.56Consumer Durables 0.43

Grand Total 100.00

* Based on AMFI Classification




Reliance Industries Ltd. Petroleum Products 7,260.07 5.92ITC Ltd. Consumer Non Durables 6,509.91 5.31HDFC Bank Ltd. Banks 5,781.77 4.72ICICI Bank Ltd. Banks 5,635.09 4.60Infosys Ltd. Software 5,398.85 4.40Tata Consultancy Services Ltd. Software 4,478.55 3.65Rallis India Ltd. Pesticides 4,272.36 3.49Dr. Reddy s Laboratories Ltd. Pharmaceuticals 3,466.20 2.83Housing Development FinanceCorporation Ltd. Finance 3,275.77 2.67Cipla Ltd. Pharmaceuticals 2,989.09 2.44Larsen & Toubro Ltd. Construction Project 2,944.82 2.40Gujarat Fluorochemicals Ltd. Gas 2,513.96 2.05Bank of Baroda Banks 2,361.61 1.93State Bank of India Banks 2,360.96 1.93Shriram Transport FinanceCompany Ltd. Finance 2,282.30 1.86Bajaj Auto Ltd. Auto 2,270.11 1.85Axis Bank Ltd. Banks 2,249.68 1.84Oil & Natural Gas Corporation Ltd. Oil 2,234.74 1.82NTPC Ltd. Power 2,056.87 1.68Bharti Airtel Ltd. Telecom - Services 1,878.78 1.53Titan Industries Ltd. Consumer Non Durables 1,847.50 1.51Power Grid Corporation of India Ltd. Power 1,729.70 1.41Motherson Sumi Systems Ltd. Auto Ancillaries 1,729.47 1.41Gujarat State Petronet Ltd. Gas 1,724.82 1.41Natco Pharma Ltd. Pharmaceuticals 1,704.24 1.39Bharat Heavy Electricals Ltd. Industrial Capital Goods 1,663.15 1.36GlaxoSmithKline Pharmaceuticals Ltd. Pharmaceuticals 1,588.79 1.30GAIL (India) Ltd. Gas 1,576.84 1.29Jindal Steel & Power Ltd. Ferrous Metals 1,561.95 1.27Sterlite Industries ( India ) Ltd. Non - Ferrous Metals 1,536.34 1.25Lupin Ltd. Pharmaceuticals 1,465.91 1.20Punjab National Bank Banks 1,329.82 1.08Infrastructure DevelopmentFinance Company Ltd. Finance 1,321.26 1.08Jagran Prakashan Ltd. Media & Entertainment 1,254.88 1.02Maruti Suzuki India Ltd. Auto 1,231.98 1.01Hindustan Unilever Ltd. Consumer Non Durables 1,211.25 0.99National Stock Exchange of India Ltd. Finance 1,111.50 0.91Sun TV Network Ltd. Media & Entertainment 1,080.16 0.88Grasim Industries Ltd. Textile Products 1,071.60 0.87Kotak Mahindra Bank Ltd. Banks 878.61 0.72Mundra Port and SpecialEconomic Zone Ltd. Transportation 836.94 0.68Mcleod Russel India Ltd. Consumer Non Durables 822.96 0.67Dabur India Ltd. Consumer Non Durables 808.35 0.66APL Apollo Tubes Ltd. Ferrous Metals 805.30 0.66Redington (India) Ltd. Trading 798.58 0.65Persistent Systems Ltd. Software 796.67 0.65Century Textiles & Industries Ltd. Cement 773.24 0.63Ramky Infrastructure Ltd. Construction 768.80 0.63Coal India Ltd. Minerals/Mining 743.37 0.61Max India Ltd. Industrial Products 724.10 0.59NIIT Ltd. Software 719.01 0.59D.B.Corp Ltd. Media & Entertainment 672.18 0.55Idea Cellular Ltd. Telecom - Services 645.69 0.53Mcnally Bharat EngineeringCompany Ltd. Industrial Capital Goods 618.08 0.50Aventis Pharma Ltd. Pharmaceuticals 616.39 0.50Texmaco Ltd. Industrial Capital Goods 585.85 0.48UltraTech Cement Ltd. Cement 559.70 0.46

KEC International Ltd. Power 534.11 0.44CMC Ltd. Hardware 528.17 0.43Texmaco Rail & Engineering Ltd. Industrial Capital Goods 484.12 0.39Ahluwalia Contracts (India) Ltd. Construction 438.98 0.36Esab India Ltd. Industrial Products 427.76 0.35Whirlpool of India Ltd. Consumer Durables 369.16 0.30Crompton Greaves Ltd. Industrial Capital Goods 295.19 0.24OnMobile Global Ltd. Telecom - Services 173.49 0.14Dr. Reddy s Laboratories Ltd. - NCD Pharmaceuticals 49.60 0.04Cash & Current Assets Cash & Current Assets 6,127.95 4.99

Net Assets 122,565.01 100.00

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


29th July, 2011



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

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 16.82Pharmaceuticals 9.70Software 9.29Consumer Non Durables 9.14Finance 6.52Petroleum Products 5.92Cash & Current Assets 4.99Gas 4.75Power 3.53Pesticides 3.49Industrial Capital Goods 2.97Auto 2.86Media & Entertainment 2.45Construction Project 2.40Telecom - Services 2.20Ferrous Metals 1.93Oil 1.82Auto Ancillaries 1.41Non - Ferrous Metals 1.25Cement 1.09Construction 0.99Industrial Products 0.94Textile Products 0.87Transportation 0.68Trading 0.65Minerals/Mining 0.61Hardware 0.43Consumer Durables 0.30Grand Total 100.00* Based on AMFI Classification



Banks 20.63Finance 16.84Software 13.30Petroleum Products 5.90Consumer Non Durables 4.62Pharmaceuticals 4.51Construction 4.36Industrial Products 3.72Auto Ancillaries 2.37Oil 2.04Media & Entertainment 1.98Power 1.92Cash & Current Assets 1.85Auto 1.72Gas 1.59Ferrous Metals 1.44Cement 1.19Telecom - Services 1.03Trading 0.95Non - Ferrous Metals 0.76Construction Project 0.71Transportation 0.63Minerals/Mining 0.61Textile Products 0.50Industrial Capital Goods 0.47Consumer Durables 0.46Pesticides 0.07Total 96.17* Based on AMFI classification

SECTOR % OF NET ASSETS

Consumer Staples 2.44Household Goods & Home Construction 0.64Utilities 0.46Healthcare 0.29Total 3.83* Based on MSCI sector classification

DOMESTIC SECURITIES






Domestic SecuritiesNational Stock Exchange of India Ltd. Finance 6,840.00 8.46Reliance Industries Ltd. Petroleum Products 4,306.88 5.33Infosys Ltd. Software 3,997.82 4.95ITC Ltd. Consumer Non Durables 3,557.77 4.40State Bank of India Banks 3,396.68 4.20Tata Consultancy Services Ltd. Software 3,235.17 4.00HDFC Bank Ltd. Banks 2,478.47 3.07FAG Bearings India Ltd. Industrial Products 2,422.18 3.00Shriram Transport FinanceCompany Ltd. Finance 2,060.92 2.55Housing Development FinanceCorporation Ltd. Finance 1,922.01 2.38ICICI Bank Ltd. Banks 1,720.04 2.13The Federal Bank Ltd. Banks 1,684.36 2.08Oil & Natural Gas Corporation Ltd. Oil 1,647.89 2.04Ahluwalia Contracts (India) Ltd. Construction 1,441.79 1.78CEAT Ltd. Auto Ancillaries 1,344.43 1.66Dr. Reddy s Laboratories Ltd. Pharmaceuticals 1,223.29 1.51The Jammu & Kashmir Bank Ltd. Banks 1,197.40 1.48Cipla Ltd. Pharmaceuticals 1,173.07 1.45ING Vysya Bank Ltd. Banks 1,152.06 1.43KPIT Cummins Infosystems Ltd. Software 1,080.75 1.34Gujarat State Petronet Ltd. Gas 976.85 1.21Allahabad Bank Banks 938.57 1.16Standard Chartered PLC Banks 936.57 1.16Oberoi Realty Ltd. Construction 898.77 1.11The South Indian Bank Ltd. Banks 896.28 1.11Jindal Steel & Power Ltd. Ferrous Metals 864.96 1.07Bharti Airtel Ltd. Telecom - Services 834.64 1.03Lupin Ltd. Pharmaceuticals 779.37 0.96Bajaj Holdings & Investment Ltd. Finance 778.28 0.96Infotech Enterprises Ltd. Software 774.67 0.96Redington (India) Ltd. Trading 770.91 0.95Bajaj Auto Ltd. Auto 748.03 0.93Jagran Prakashan Ltd. Media & Entertainment 690.90 0.85Axis Bank Ltd. Banks 670.09 0.83Corporation Bank Banks 660.98 0.82IL&FS Investment Managers Ltd. Finance 660.85 0.82Power Grid Corporation of India Ltd. Power 637.93 0.79Sterlite Industries ( India ) Ltd. Non - Ferrous Metals 615.20 0.76SKF India Ltd. Industrial Products 584.42 0.72Larsen & Toubro Ltd. Construction Project 572.76 0.71Amara Raja Batteries Ltd. Auto Ancillaries 541.44 0.67IndusInd Bank Ltd. Banks 519.53 0.64The Great Eastern ShippingCompany Ltd. Transportation 509.45 0.63Coal India Ltd. Minerals/Mining 495.98 0.61CRISIL Ltd. Finance 490.55 0.61Sun TV Network Ltd. Media & Entertainment 475.94 0.59MindTree Ltd. Software 470.84 0.58Indian Oil Corporation Ltd. Petroleum Products 460.11 0.57Shree Cements Ltd. Cement 454.85 0.56IPCA Laboratories Ltd. Pharmaceuticals 454.09 0.56Zee Entertainment Enterprises Ltd. Media & Entertainment 435.59 0.54CESC Ltd. Power 434.06 0.54ICRA Ltd. Finance 427.31 0.53LIC Housing Finance Ltd. Finance 425.37 0.53Bank of Baroda Banks 419.39 0.52Oracle Financial Services Software Ltd. Software 411.29 0.51Lovable Lingerie Ltd. Textile Products 403.78 0.50NIIT Technologies Ltd. Software 402.06 0.50Sobha Developers Ltd. Construction 380.24 0.47Nucleus Software Exports Ltd. Software 371.42 0.46Bajaj Electricals Ltd. Consumer Durables 370.88 0.46Maruti Suzuki India Ltd. Auto 366.19 0.45Ramky Infrastructure Ltd. Construction 365.18 0.45GAIL (India) Ltd. Gas 309.96 0.38NTPC Ltd. Power 308.22 0.38Tata Steel Ltd. Ferrous Metals 301.06 0.37Tata Motors Ltd. Auto 275.34 0.34Consolidated ConstructionConsortium Ltd. Construction 251.49 0.31Mangalam Cement Ltd. Cement 201.05 0.25B. L. Kashyap and Sons Ltd. Construction 190.04 0.24Transformers And Rectifiers (India) Ltd. Industrial Capital Goods 181.47 0.22HeidelbergCement India Ltd. Cement 176.59 0.22PTC India Ltd. Power 166.52 0.21Texmaco Rail & Engineering Ltd. Industrial Capital Goods 150.22 0.19JK Cement Ltd. Cement 132.61 0.16Thangamayil Jewellery Ltd. Consumer Non Durables 99.96 0.12Eveready Industries India Ltd. Consumer Non Durables 79.19 0.10Texmaco Ltd. Industrial Capital Goods 51.86 0.06Rallis India Ltd. Pesticides 50.66 0.06

WABCO-TVS (INDIA) Ltd. Auto Ancillaries 32.59 0.04Dr. Reddy s Laboratories Ltd. - NCD Pharmaceuticals 24.47 0.03Nagarjuna Agrichem Ltd. Pesticides 11.71 0.01Cash & Current Assets Cash & Current Assets 1,479.84 1.85

British American Tobacco ADR Consumer Staples 1,072.81 1.33K T & G Corp Consumer Staples 897.78 1.11Gafisa ADR Household Goods &

Home Construction 519.32 0.64Korea Electric Power Corporation Utilities 373.01 0.46Teva Pharmaceutical Industry ADR Healthcare 232.58 0.29

3,095.50 3.83

Foreign Securities / Overseas ETFs

Net Assets 80,829.91 100.00



29th July, 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







Domestic Securities

Foreign Securities / Overseas ETFs

National Stock Exchange of India Ltd. Finance 5,130.00 13.79

Reliance Industries Ltd. Petroleum Products 2,162.90 5.81

Tata Consultancy Services Ltd. Software 1,562.09 4.20

HDFC Bank Ltd. Banks 1,559.07 4.19

ICICI Bank Ltd. Banks 1,459.53 3.92

Infosys Ltd. Software 1,055.73 2.84

Cipla Ltd. Pharmaceuticals 1,000.51 2.69

Dr. Reddy s Laboratories Ltd. Pharmaceuticals 949.04 2.55

Axis Bank Ltd. Banks 702.98 1.89

Bank of Baroda Banks 701.44 1.89

Gujarat Fluorochemicals Ltd. Gas 641.74 1.72

Jagran Prakashan Ltd. Media & Entertainment 605.74 1.63

Power Grid Corporation of India Ltd. Power 603.35 1.62

Shriram Transport FinanceCompany Ltd. Finance 573.24 1.54

The Federal Bank Ltd. Banks 563.93 1.52

Rallis India Ltd. Pesticides 515.95 1.39

Punjab National Bank Banks 501.48 1.35

Bharat Heavy Electricals Ltd. Industrial Capital Goods 499.07 1.34

Infrastructure Development FinanceCompany Ltd. Finance 492.68 1.32

NTPC Ltd. Power 492.43 1.32

Oil & Natural Gas Corporation Ltd. Oil 467.06 1.26

Lupin Ltd. Pharmaceuticals 466.22 1.25

Bajaj Auto Ltd. Auto 430.24 1.16

State Bank of India Banks 418.24 1.12

Larsen & Toubro Ltd. Construction Project 394.82 1.06

Grasim Industries Ltd. Textile Products 387.70 1.04

Cummins India Ltd. Industrial Products 327.44 0.88

Mcnally Bharat EngineeringCompany Ltd. Industrial Capital Goods 327.14 0.88

Texmaco Rail & Engineering Ltd. Industrial Capital Goods 318.41 0.86

Titan Industries Ltd. Consumer Non Durables 306.91 0.82

Hindustan Unilever Ltd. Consumer Non Durables 301.87 0.81

Sun TV Network Ltd. Media & Entertainment 289.43 0.78

Kotak Mahindra Bank Ltd. Banks 253.85 0.68

Gujarat State Petronet Ltd. Gas 231.83 0.62

Idea Cellular Ltd. Telecom - Services 196.37 0.53

Crompton Greaves Ltd. Industrial Capital Goods 46.91 0.13

Dr. Reddy s Laboratories Ltd. - NCD Pharmaceuticals 17.82 0.05

Cash & Current Assets Cash & Current Assets 676.63 1.81

Origin Energy Ltd. Energy 937.27 2.52

Samsung Electronics Co Ltd. Information Technology 876.44 2.36

Newcrest Mining Ltd. Materials 841.44 2.26

BHP Billiton Ltd. Materials 789.24 2.12

Wesfarmers Ltd. - PPP Consumer Staples 714.03 1.92

Shinhan Financial Group Company Ltd.Financials 705.57 1.90

Perusahaan Gas Negara PT Utilities 620.18 1.67

Hong Kong Exchanges & Clearing Ltd. Financials 593.42 1.59

Hyundai Dept Stores Co Ltd. Consumer Discretionary 508.68 1.37

Rio Tinto Ltd. Materials 434.13 1.17

ResMed Inc. Healthcare Equipmentand services 403.47 1.08

Banpu NVDR Mining 399.44 1.07

NHN Corporation Information Technology 385.22 1.04

K T & G Corp Consumer Staples 356.16 0.96

Standard Chartered PLC Financials 348.51 0.94

Hon Hai Precision IndustryCompany Ltd. Information Technology 261.20 0.70

Telstra Corporation Ltd. Telecommunication Services 204.45 0.55

CSL Ltd. (Australia) Healthcare 195.26 0.52

Net Assets 37,205.93 100.00



29th July, 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




Finance 16.65Banks 16.56Software 7.04Pharmaceuticals 6.54Petroleum Products 5.81Industrial Capital Goods 3.21Power 2.94Media & Entertainment 2.41Gas 2.34Cash & Current Assets 1.81Consumer Non Durables 1.63Pesticides 1.39Oil 1.26Auto 1.16Construction Project 1.06Textile Products 1.04Industrial Products 0.88Telecom - Services 0.53Total 74.26* Based on AMFI Classification

DOMESTIC SECURITIES


Materials 5.55Financials 4.43Information Technology 4.10Consumer Staples 2.88Energy 2.52Utilities 1.67Consumer Discretionary 1.37Healthcare Equipment and services 1.08Mining 1.07Telecommunication Services 0.55Healthcare 0.52Total 25.74* Based on MSCI sector classification






Reliance Industries Ltd. Petroleum Products 2,337.97 6.94Infosys Ltd. Software 1,801.20 5.35ITC Ltd. Consumer Non Durables 1,762.75 5.23ICICI Bank Ltd. Banks 1,760.86 5.23HDFC Bank Ltd. Banks 1,620.53 4.81Tata Consultancy Services Ltd. Software 1,482.86 4.40Gujarat Fluorochemicals Ltd. Gas 1,203.85 3.57Housing Development Finance

Corporation Ltd. Finance 1,083.79 3.22Dr. Reddy s Laboratories Ltd. Pharmaceuticals 1,000.34 2.97Cipla Ltd. Pharmaceuticals 920.55 2.73Rallis India Ltd. Pesticides 856.99 2.54National Stock Exchange of India Ltd. Finance 855.00 2.54Larsen & Toubro Ltd. Construction Project 728.18 2.16Bank of Baroda Banks 714.82 2.12State Bank of India Banks 688.95 2.04Axis Bank Ltd. Banks 677.08 2.01Shriram Transport Finance

Company Ltd. Finance 654.48 1.94Bharat Heavy Electricals Ltd. Industrial Capital Goods 560.16 1.66Sterlite Industries ( India ) Ltd. Non - Ferrous Metals 554.80 1.65Gujarat State Petronet Ltd. Gas 542.43 1.61Bajaj Auto Ltd. Auto 531.48 1.58NTPC Ltd. Power 525.03 1.56Bharti Airtel Ltd. Telecom - Services 492.76 1.46Oil & Natural Gas Corporation Ltd. Oil 483.96 1.44GAIL (India) Ltd. Gas 456.96 1.36Infrastructure Development Finance

Company Ltd. Finance 443.50 1.32Power Grid Corporation of India Ltd. Power 438.38 1.30Kotak Mahindra Bank Ltd. Banks 435.09 1.29Maruti Suzuki India Ltd. Auto 394.71 1.17Jagran Prakashan Ltd. Media & Entertainment 376.23 1.12Lupin Ltd. Pharmaceuticals 369.09 1.10Hindustan Unilever Ltd. Consumer Non Durables 336.09 1.00Titan Industries Ltd. Consumer Non Durables 302.62 0.90Redington (India) Ltd. Trading 293.35 0.87Grasim Industries Ltd. Textile Products 287.13 0.85Sun TV Network Ltd. Media & Entertainment 277.93 0.82Texmaco Rail & Engineering Ltd. Industrial Capital Goods 265.44 0.79Indian Oil Corporation Ltd. Petroleum Products 258.32 0.77Mundra Port and Special

Economic Zone Ltd. Transportation 255.17 0.76Persistent Systems Ltd. Software 250.39 0.74Ramky Infrastructure Ltd. Construction 235.09 0.70Mcnally Bharat Engineering

Company Ltd. Industrial Capital Goods 228.53 0.68NIIT Ltd. Software 217.60 0.65Century Textiles & Industries Ltd. Cement 215.42 0.64Mcleod Russel India Ltd. Consumer Non Durables 207.26 0.62KEC International Ltd. Power 188.69 0.56Esab India Ltd. Industrial Products 185.45 0.55CMC Ltd. Hardware 180.74 0.54Idea Cellular Ltd. Telecom - Services 177.73 0.53Natco Pharma Ltd. Pharmaceuticals 145.00 0.43Crompton Greaves Ltd. Industrial Capital Goods 75.89 0.23Nucleus Software Exports Ltd. Software 27.74 0.08Dr. Reddy s Laboratories Ltd. - NCD Pharmaceuticals 16.08 0.05

Cash & Current Assets Cash & Current Assets 2,311.72 6.82

Net Assets 33,694.15 100.00

The portfolio turnover ratio of the scheme for the 1 year period endingis 0.15 times.


29th July, 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


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



Banks 17.50

Software 11.22

Finance 9.02

Consumer Non Durables 7.75

Petroleum Products 7.71

Pharmaceuticals 7.28

Cash & Current Assets 6.82

Gas 6.54

Power 3.42

Industrial Capital Goods 3.36

Auto 2.75

Pesticides 2.54

Construction Project 2.16

Telecom - Services 1.99

Media & Entertainment 1.94

Non - Ferrous Metals 1.65

Oil 1.44

Trading 0.87

Textile Products 0.85

Transportation 0.76

Construction 0.70

Cement 0.64

Industrial Products 0.55

Hardware 0.54

Grand Total 100.00

* Based on AMFI Classification






Domestic SecuritiesReliance Industries Ltd. Petroleum Products 823.89 5.95Infosys Ltd. Software 626.33 4.53State Bank of India Banks 583.69 4.22HDFC Bank Ltd. Banks 424.66 3.07Shriram Transport FinanceCompany Ltd. Finance 417.85 3.02FAG Bearings India Ltd. Industrial Products 380.88 2.75Housing Development FinanceCorporation Ltd. Finance 361.16 2.61ICICI Bank Ltd. Banks 319.69 2.31Ahluwalia Contracts (India) Ltd. Construction 311.07 2.25ING Vysya Bank Ltd. Banks 299.27 2.16Oil & Natural Gas Corporation Ltd. Oil 289.27 2.09The Federal Bank Ltd. Banks 286.94 2.07Tata Consultancy Services Ltd. Software 286.67 2.07Redington (India) Ltd. Trading 254.01 1.84Gujarat State Petronet Ltd. Gas 243.61 1.76CEAT Ltd. Auto Ancillaries 227.88 1.65Dr. Reddy s Laboratories Ltd. Pharmaceuticals 224.38 1.62ITC Ltd. Consumer Non Durables 222.54 1.61Axis Bank Ltd. Banks 219.35 1.59The Jammu & Kashmir Bank Ltd. Banks 206.03 1.49Power Grid Corporation of India Ltd. Power 205.74 1.49IL&FS Investment Managers Ltd. Finance 190.72 1.38Jindal Steel & Power Ltd. Ferrous Metals 186.01 1.34The South Indian Bank Ltd. Banks 176.64 1.28Standard Chartered PLC Banks 175.42 1.27Cipla Ltd. Pharmaceuticals 164.47 1.19Lupin Ltd. Pharmaceuticals 164.27 1.19WABCO-TVS (INDIA) Ltd. Auto Ancillaries 163.37 1.18Sun TV Network Ltd. Media & Entertainment 157.31 1.14Bharti Airtel Ltd. Telecom - Services 157.27 1.14Sterlite Industries ( India ) Ltd. Non - Ferrous Metals 134.50 0.97Oberoi Realty Ltd. Construction 131.31 0.95Allahabad Bank Banks 128.77 0.93ICRA Ltd. Finance 127.83 0.92Infotech Enterprises Ltd. Software 121.20 0.88Jagran Prakashan Ltd. Media & Entertainment 121.04 0.87MindTree Ltd. Software 112.97 0.82KPIT Cummins Infosystems Ltd. Software 111.86 0.81Corporation Bank Banks 104.43 0.75Amara Raja Batteries Ltd. Auto Ancillaries 104.28 0.75Shree Cements Ltd. Cement 100.21 0.72FDC Ltd. Pharmaceuticals 94.43 0.68Thangamayil Jewellery Ltd. Consumer Non Durables 94.39 0.68Consolidated ConstructionConsortium Ltd. Construction 91.58 0.66NIIT Technologies Ltd. Software 91.07 0.66Indian Oil Corporation Ltd. Petroleum Products 88.79 0.64Coal India Ltd. Minerals/Mining 86.93 0.63IPCA Laboratories Ltd. Pharmaceuticals 84.41 0.61B. L. Kashyap and Sons Ltd. Construction 83.07 0.60CESC Ltd. Power 81.89 0.59LIC Housing Finance Ltd. Finance 79.43 0.57PTC India Ltd. Power 78.44 0.57Hinduja Global Solutions Ltd. Software 77.52 0.56The Great Eastern ShippingCompany Ltd. Transportation 77.32 0.56SKF India Ltd. Industrial Products 76.80 0.56Natco Pharma Ltd. Pharmaceuticals 76.54 0.55NTPC Ltd. Power 76.03 0.55Phillips Carbon Black Ltd. Chemicals 74.08 0.54GAIL (India) Ltd. Gas 73.02 0.53Bank of Baroda Banks 71.03 0.51Divi s Laboratories Ltd. Pharmaceuticals 70.18 0.51Maruti Suzuki India Ltd. Auto 69.41 0.50Sobha Developers Ltd. Construction 65.19 0.47Tata Motors Ltd. Auto 64.82 0.47Larsen & Toubro Ltd. Construction Project 63.95 0.46IndusInd Bank Ltd. Banks 63.20 0.46TIL Ltd. Industrial Capital Goods 60.83 0.44Tata Steel Ltd. Ferrous Metals 59.70 0.43Nucleus Software Exports Ltd. Software 58.43 0.42Mcnally Bharat EngineeringCompany Ltd. Industrial Capital Goods 58.12 0.42

Mangalam Cement Ltd. Cement 57.58 0.42Ramky Infrastructure Ltd. Construction 51.24 0.37Bajaj Electricals Ltd. Consumer Durables 50.58 0.37Lovable Lingerie Ltd. Textile Products 48.86 0.35Motilal Oswal Financial Services Ltd. Finance 48.67 0.35Eveready Industries India Ltd. Consumer Non Durables 46.68 0.34CMC Ltd. Hardware 45.57 0.33HeidelbergCement India Ltd. Cement 44.73 0.32Shiv-Vani Oil & Gas ExplorationServices Ltd. Oil 42.38 0.31Noida Toll Bridge Company Ltd. Transportation 36.40 0.26Transformers And Rectifiers (India) Ltd. Industrial Capital Goods 34.17 0.25Sasken CommunicationTechnologies Ltd. Software 31.19 0.23Texmaco Rail & Engineering Ltd. Industrial Capital Goods 31.11 0.22Esab India Ltd. Industrial Products 30.90 0.22Persistent Systems Ltd. Software 28.08 0.20JK Cement Ltd. Cement 27.57 0.20Nagarjuna Agrichem Ltd. Pesticides 21.37 0.15GEI Industrial Systems Ltd. Industrial Capital Goods 19.03 0.14Texmaco Ltd. Industrial Capital Goods 10.12 0.07Rallis India Ltd. Pesticides 9.66 0.07KNR Constructions Ltd. Construction 6.96 0.05Dr. Reddy s Laboratories Ltd. - NCD Pharmaceuticals 4.49 0.03Cash & Current Assets Cash & Current Assets 306.80 2.22

Foreign Securities / Overseas ETFsBritish American Tobacco ADR Consumer Staples 194.68 1.41K T & G Corp Consumer Staples 145.44 1.05Gafisa ADR Household Goods &

Home Construction 109.99 0.79Korea Electric Power Corporation Utilities 68.02 0.49Teva Pharmaceutical Industry ADR Healthcare 45.28 0.33

Net Assets 13,836.91 100.00

The portfolio turnover ratio of the scheme for the period endingis 0.50 times

The annualised total expense ratio for the financial year to date period is 2.41%29th July, 2011









Banks 22.11Software 11.18Finance 8.85Petroleum Products 6.59Pharmaceuticals 6.38Construction 5.35Auto Ancillaries 3.58Industrial Products 3.53Power 3.20Consumer Non Durables 2.63Oil 2.40Gas 2.29Cash & Current Assets 2.22Media & Entertainment 2.01Trading 1.84Ferrous Metals 1.77Cement 1.66Industrial Capital Goods 1.54Telecom - Services 1.14Non - Ferrous Metals 0.97Auto 0.97Transportation 0.82Minerals/Mining 0.63Chemicals 0.54Construction Project 0.46Consumer Durables 0.37Textile Products 0.35Hardware 0.33Pesticides 0.22Total 95.93* Based on AMFI Classification


Consumer Staples 2.46Household Goods & Home Construction 0.79Utilities 0.49Healthcare 0.33Total 4.07* Based on MSCI sector classification

DOMESTIC SECURITIES

COUNTRY % OF NET ASSETS

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

as on July 29, 2011

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

USA 30.33UK 17.42Others 17.39Japan 6.78Australia 5.10Canada 4.95Germany 4.91India 3.61Switzerland 2.98Cash 6.53Grand Total 100.00

PORTFOLIO STATEMENT OF UNDERLYING FUND - FIDELITY GLOBAL REAL ASSET SECURITIES FUND as on July 29, 2011

Royal Dutch Shell Plc Oil, Gas & Consumable Fuels Energy UK 4.07Anadarko Petroleum Corp Oil, Gas & Consumable Fuels Energy USA 3.09Newcrest Mining Ltd Metals & Mining Materials ASTL 2.82Exxon Mobil Corp Oil, Gas & Consumable Fuels Energy USA 2.68Bg Group Plc Oil, Gas & Consumable Fuels Energy UK 2.64Apache Corp Oil, Gas & Consumable Fuels Energy USA 2.10Simon Ppty Group Inc - Reit Real Estate Investment Trusts

(Reits) Real Estate USA 2.01Baker Hughes Inc Energy Equipment & Services Energy USA 2.01Public Storage Real Estate Investment Trusts

(Reits) Real Estate USA 1.97Rolls-Royce Holdings Plc Aerospace & Defense Capital Goods UK 1.95General Electric Co Industrial Conglomerates Capital Goods USA 1.84American Tower Corp Cl A Wireless Telecom Services Telecommun

-ication Services USA 1.83Larsen & Toubro Ltd (Demat) Construction & Engineering Capital Goods IND 1.79Air Liquide Sa Chemicals Materials FRAN 1.76Occidental Petroleum Corp Oil, Gas & Consumable Fuels Energy USA 1.75Danaher Corp Industrial Conglomerates Capital Goods USA 1.67Emerson Elec Co Electrical Equipment Capital Goods USA 1.65Bp Plc Oil, Gas & Consumable Fuels Energy UK 1.63Sika Ag (Br) Chemicals Materials SWIT 1.58Johnson Matthey Plc Chemicals Materials UK 1.57Peabody Energy Corp Oil, Gas & Consumable Fuels Energy USA 1.55Keyence Corp Electronic Equip., Inst. & Comp. Technology

Hardware &Equip JAPA 1.54

Suncor Enrgy Inc Oil, Gas & Consumable Fuels Energy CANA 1.49Kubota Corp Machinery Capital Goods JAPA 1.45Israel Chemical Ltd Chemicals Materials ISRA 1.44Cummins India Ltd Machinery Capital Goods IND 1.43Prysmian Spa Electrical Equipment Capital Goods ITAL 1.37Novatek Jt Stk Gdr Regs Oil, Gas & Consumable Fuels Energy RUS 1.37Continental Res Okla Oil, Gas & Consumable Fuels Energy USA 1.26Mitsubishi Estate Co Ltd Real Estate Mgt & Dev Real Estate JAPA 1.24Rockwell Collins Inc Aerospace & Defense Capital Goods USA 1.21Centrica Plc Multi-Utilities Utilities UK 1.19Bayer Ag Pharmaceuticals Pharm, Biotech,

& Life Science GERW 1.17Schoeller-Bleckmann Oil (Aust) Energy Equipment & Services Energy AUST 1.14Sun Hung Kai Properties Ltd Real Estate Mgt & Dev Real Estate HOKO 1.13Xstrata Plc Metals & Mining Materials UK 1.13Galp Energia Sgps Sa Oil, Gas & Consumable Fuels Energy PTGL 1.13Safran (Societe D Applicat) Aerospace & Defense Capital Goods FRAN 1.09Iluka Resources Limited Metals & Mining Materials ASTL 1.09Lonmin Plc Metals & Mining Materials UK 1.08Sba Communications Corp Cl A Wireless Telecom Services Telecommuni-

cation Services USA 1.04London Mining Plc (Uk) Metals & Mining Materials UK 1.03Oneok Inc Gas Utilities Utilities USA 1.03Nabtesco Corp Machinery Capital Goods JAPA 1.03Detour Gold Corp Metals & Mining Materials CANA 1.03Anglo Amer Plc (Uk) Metals & Mining Materials UK 1.02Korea Electric Power Corp Electric Utilities Utilities KOR 1.01Eurocommercial Cva Real Estate Investment Trusts

(Reits) Real Estate NETH 0.99Heidelbergcement Ag (Gerw) Construction Materials Materials GERW 0.99Osisko Mining Corp Metals & Mining Materials CANA 0.97Lanxess Ag Chemicals Materials GERW 0.97Thyssen Krupp Ag Metals & Mining Materials GERW 0.96Sl Green Realty Corp Reit Real Estate Investment Trusts

(Reits) Real Estate USA 0.94Verbund Ag Electric Utilities Utilities AUST 0.93Petroleo Brasileiro-Petrobras Oil, Gas & Consumable Fuels Energy BRAZ 0.91Fiat Industrial Spa Machinery Capital Goods ITAL 0.91China Resources Land Ltd Real Estate Mgt & Dev Real Estate CHNR 0.89E.On Ag Electric Utilities Utilities GERW 0.83First Quantum Minerals Inc Metals & Mining Materials CANA 0.81Macarthur Coal Ltd Metals & Mining Materials ASTL 0.80Arcelormittal Sa (Neth) Metals & Mining Materials LUX 0.79Sawada Holdings Co Ltd Capital Markets Diversified

Financials JAPA 0.76Ntt Urban Development Corp Real Estate Mgt & Dev Real Estate JAPA 0.75Weatherford International Ltd Energy Equipment & Services Energy SWIT 0.73

Chemtura Corp New Chemicals Materials USA 0.71Foster Wheeler Ag Construction & Engineering Capital Goods SWIT 0.67James Hardie Industries Se Cdi Construction Materials Materials IREL 0.52Oberoi Realty Ltd Real Estate Mgt & Dev Real Estate IND 0.38Banro Corp Metals & Mining Materials CANA 0.36Canacol Energy Ltd Oil, Gas & Consumable Fuels Energy CANA 0.19New Guinea Energy Ltd Oil, Gas & Consumable Fuels Energy ASTL 0.18Base Resources Ltd Metals & Mining Materials ASTL 0.15Petromanas Energy Inc Oil, Gas & Consumable Fuels Energy CANA 0.10Northern Petroleum Plc Oil, Gas & Consumable Fuels Energy UK 0.10African Petroleum Corp Ltd Metals & Mining Materials ASTL 0.06Cash & Currency Cash Cash Cash 6.53


Name of the Instrument % toNet Asets

Fidelity Funds - Global Real Asset Securities Fund 13,497.07 99.59%

Fidelity Cash Fund - Institutional Plan - Growth Option 236.53 1.75%

Market ValueRs. in Lacs

% toNet Asets

Market ValueRs. in Lacs

Name of the Instrument

Net Current Assets / (Liabilities) -180.60 -1.34%

Net Assets 13,553.00 100.00%

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

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

An open-ended fund of funds scheme


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

as on July 29, 2011

Energy 30.13Materials 23.64Capital Goods 18.08Real Estate 10.31Cash 6.53Utilities 4.98Telecommunication Services 2.87Technology Hardware & Equip 1.54Pharm, Biotech, & Life Science 1.17Diversified Financials 0.76Grand Total 100.00*Based on MSCI sector classification.


SECTOR ALLOCATION OFFIDELITY INDIA CHILDREN S PLAN - EDUCATION FUND*

as on July 29, 2011

Mutual Fund Units 28.06Banks 15.80Software 7.93Finance 6.38Pharmaceuticals 4.79Petroleum Products 4.47Construction 3.78Cash & Current Assets 3.69Consumer Non Durables 3.58Industrial Products 2.54Power 2.48Auto Ancillaries 2.47Gas 1.66Oil 1.65Cement 1.32Media & Entertainment 1.28Ferrous Metals 1.27Trading 1.19Industrial Capital Goods 0.98Telecom - Services 0.80Auto 0.67Transportation 0.60Non - Ferrous Metals 0.60Minerals/Mining 0.57Chemicals 0.42Consumer Durables 0.35Construction Project 0.32Hardware 0.20Pesticides 0.15Grand Total 100.00*Based on AMFI sector classification.





Domestic SecuritiesReliance Industries Ltd. Petroleum Products 48.87 4.08Infosys Ltd. Software 36.73 3.06State Bank of India Banks 35.13 2.93ITC Ltd. Consumer Non Durables 34.21 2.85HDFC Bank Ltd. Banks 26.43 2.20Shriram Transport FinanceCompany Ltd. Finance 24.32 2.03FAG Bearings India Ltd. Industrial Products 22.51 1.88Housing Development FinanceCorporation Ltd. Finance 20.92 1.75ICICI Bank Ltd. Banks 19.72 1.64Ahluwalia Contracts (India) Ltd. Construction 18.36 1.53The Federal Bank Ltd. Banks 18.17 1.52ING Vysya Bank Ltd. Banks 18.14 1.51Oil & Natural Gas Corporation Ltd. Oil 17.99 1.50Tata Consultancy Services Ltd. Software 16.85 1.41Gujarat State Petronet Ltd. Gas 14.81 1.24Axis Bank Ltd. Banks 14.71 1.23Dr. Reddy s Laboratories Ltd. Pharmaceuticals 14.32 1.19Redington (India) Ltd. Trading 14.30 1.19IL&FS Investment Managers Ltd. Finance 13.99 1.17CEAT Ltd. Auto Ancillaries 13.92 1.16Power Grid Corporation of India Ltd. Power 13.27 1.11The Jammu & Kashmir Bank Ltd. Banks 12.79 1.07Cipla Ltd. Pharmaceuticals 11.30 0.94The South Indian Bank Ltd. Banks 10.81 0.90Lupin Ltd. Pharmaceuticals 10.70 0.89Jindal Steel & Power Ltd. Ferrous Metals 10.32 0.86Standard Chartered PLC Banks 9.70 0.81Bharti Airtel Ltd. Telecom - Services 9.59 0.80WABCO-TVS (INDIA) Ltd. Auto Ancillaries 9.55 0.80Oberoi Realty Ltd. Construction 9.50 0.79Sun TV Network Ltd. Media & Entertainment 8.89 0.74Allahabad Bank Banks 8.29 0.69KPIT Cummins Infosystems Ltd. Software 8.22 0.69Corporation Bank Banks 8.02 0.67ICRA Ltd. Finance 7.85 0.65Sterlite Industries ( India ) Ltd. Non - Ferrous Metals 7.21 0.60MindTree Ltd. Software 7.11 0.59Shree Cements Ltd. Cement 6.92 0.58Coal India Ltd. Minerals/Mining 6.89 0.57Thangamayil Jewellery Ltd. Consumer Non Durables 6.58 0.55Jagran Prakashan Ltd. Media & Entertainment 6.46 0.54Infotech Enterprises Ltd. Software 6.37 0.53FDC Ltd. Pharmaceuticals 6.35 0.53Amara Raja Batteries Ltd. Auto Ancillaries 6.09 0.51PTC India Ltd. Power 5.90 0.49SKF India Ltd. Industrial Products 5.63 0.47NIIT Technologies Ltd. Software 5.53 0.46LIC Housing Finance Ltd. Finance 5.44 0.45CESC Ltd. Power 5.42 0.45Divi s Laboratories Ltd. Pharmaceuticals 5.30 0.44NTPC Ltd. Power 5.15 0.43Phillips Carbon Black Ltd. Chemicals 5.01 0.42GAIL (India) Ltd. Gas 4.99 0.42Sobha Developers Ltd. Construction 4.93 0.41Tata Steel Ltd. Ferrous Metals 4.91 0.41IPCA Laboratories Ltd. Pharmaceuticals 4.75 0.40Hinduja Global Solutions Ltd. Software 4.72 0.39Indian Oil Corporation Ltd. Petroleum Products 4.71 0.39Natco Pharma Ltd. Pharmaceuticals 4.70 0.39Bank of Baroda Banks 4.61 0.38Maruti Suzuki India Ltd. Auto 4.46 0.37Mangalam Cement Ltd. Cement 4.44 0.37The Great Eastern ShippingCompany Ltd. Transportation 4.37 0.36Bajaj Electricals Ltd. Consumer Durables 4.15 0.35B. L. Kashyap and Sons Ltd. Construction 4.07 0.34TIL Ltd. Industrial Capital Goods 4.04 0.34Motilal Oswal Financial Services Ltd. Finance 3.95 0.33Sasken CommunicationTechnologies Ltd. Software 3.86 0.32Larsen & Toubro Ltd. Construction Project 3.78 0.32Mcnally Bharat EngineeringCompany Ltd. Industrial Capital Goods 3.76 0.31Nucleus Software Exports Ltd. Software 3.72 0.31Consolidated ConstructionConsortium Ltd. Construction 3.56 0.30Tata Motors Ltd. Auto 3.55 0.30IndusInd Bank Ltd. Banks 2.96 0.25

Noida Toll Bridge Company Ltd. Transportation 2.92 0.24Ramky Infrastructure Ltd. Construction 2.88 0.24HeidelbergCement India Ltd. Cement 2.56 0.21CMC Ltd. Hardware 2.43 0.20Esab India Ltd. Industrial Products 2.30 0.19Eveready Industries India Ltd. Consumer Non Durables 2.15 0.18Persistent Systems Ltd. Software 2.09 0.17Transformers And Rectifiers (India) Ltd. Industrial Capital Goods 2.05 0.17KNR Constructions Ltd. Construction 2.01 0.17GEI Industrial Systems Ltd. Industrial Capital Goods 1.96 0.16JK Cement Ltd. Cement 1.86 0.16Nagarjuna Agrichem Ltd. Pesticides 1.86 0.15Shiv-Vani Oil & Gas ExplorationServices Ltd. Oil 1.79 0.15Dr. Reddy s Laboratories Ltd. - NCD Pharmaceuticals 0.14 0.01Cash & Current Assets Cash & Current Assets 43.84 3.69

Fidelity Short Term Income Fund -Growth Option Mutual Fund Units 336.34 28.06

Mutual Fund Units/Gold ETF

Net Assets 1,198.74 100.00


The annualised total expense ratio for the financial year to date period is 2.50%29th July, 2011


Fund Managers:Nitin Bajaj -Shriram Ramanathan -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 2011

Education Fund

An open-ended hybrid plancomprising three funds






Domestic SecuritiesReliance Industries Ltd. Petroleum Products 55.42 4.10Infosys Ltd. Software 41.72 3.09ITC Ltd. Consumer Non Durables 39.01 2.89State Bank of India Banks 38.53 2.85HDFC Bank Ltd. Banks 29.49 2.18Shriram Transport FinanceCompany Ltd. Finance 27.74 2.05FAG Bearings India Ltd. Industrial Products 26.25 1.94Housing Development FinanceCorporation Ltd. Finance 24.23 1.79Tata Consultancy Services Ltd. Software 20.53 1.52ICICI Bank Ltd. Banks 20.53 1.52The Federal Bank Ltd. Banks 20.09 1.49Ahluwalia Contracts (India) Ltd. Construction 20.01 1.48Oil & Natural Gas Corporation Ltd. Oil 19.62 1.45ING Vysya Bank Ltd. Banks 19.12 1.42Gujarat State Petronet Ltd. Gas 18.35 1.36Redington (India) Ltd. Trading 18.05 1.34IL&FS Investment Managers Ltd. Finance 15.36 1.14Dr. Reddy s Laboratories Ltd. Pharmaceuticals 15.26 1.13CEAT Ltd. Auto Ancillaries 15.23 1.13Axis Bank Ltd. Banks 14.71 1.09The Jammu & Kashmir Bank Ltd. Banks 14.05 1.04Jindal Steel & Power Ltd. Ferrous Metals 13.23 0.98Power Grid Corporation of India Ltd. Power 12.87 0.95The South Indian Bank Ltd. Banks 12.85 0.95WABCO-TVS (INDIA) Ltd. Auto Ancillaries 12.22 0.90Oberoi Realty Ltd. Construction 12.08 0.89Cipla Ltd. Pharmaceuticals 12.04 0.89Standard Chartered PLC Banks 11.74 0.87Lupin Ltd. Pharmaceuticals 11.62 0.86Sun TV Network Ltd. Media & Entertainment 10.90 0.81Bharti Airtel Ltd. Telecom - Services 10.66 0.79Sterlite Industries ( India ) Ltd. Non - Ferrous Metals 10.12 0.75Allahabad Bank Banks 9.64 0.71Infotech Enterprises Ltd. Software 9.17 0.68KPIT Cummins Infosystems Ltd. Software 9.05 0.67Corporation Bank Banks 8.85 0.65ICRA Ltd. Finance 8.04 0.60MindTree Ltd. Software 7.70 0.57Shree Cements Ltd. Cement 7.47 0.55Jagran Prakashan Ltd. Media & Entertainment 7.16 0.53Thangamayil Jewellery Ltd. Consumer Non Durables 7.13 0.53B. L. Kashyap and Sons Ltd. Construction 6.90 0.51FDC Ltd. Pharmaceuticals 6.87 0.51Amara Raja Batteries Ltd. Auto Ancillaries 6.64 0.49Coal India Ltd. Minerals/Mining 6.34 0.47PTC India Ltd. Power 6.32 0.47GAIL (India) Ltd. Gas 6.22 0.46Tata Steel Ltd. Ferrous Metals 5.76 0.43Indian Oil Corporation Ltd. Petroleum Products 5.56 0.41NIIT Technologies Ltd. Software 5.53 0.41Divi s Laboratories Ltd. Pharmaceuticals 5.53 0.41CESC Ltd. Power 5.51 0.41LIC Housing Finance Ltd. Finance 5.50 0.41SKF India Ltd. Industrial Products 5.48 0.41IndusInd Bank Ltd. Banks 5.18 0.38Bank of Baroda Banks 5.14 0.38IPCA Laboratories Ltd. Pharmaceuticals 5.07 0.38Sobha Developers Ltd. Construction 5.06 0.37Phillips Carbon Black Ltd. Chemicals 4.97 0.37The Great Eastern ShippingCompany Ltd. Transportation 4.78 0.35Hinduja Global Solutions Ltd. Software 4.78 0.35Natco Pharma Ltd. Pharmaceuticals 4.77 0.35Larsen & Toubro Ltd. Construction Project 4.62 0.34Maruti Suzuki India Ltd. Auto 4.46 0.33Mangalam Cement Ltd. Cement 4.46 0.33NTPC Ltd. Power 4.38 0.32Bajaj Electricals Ltd. Consumer Durables 4.26 0.32

TIL Ltd. Industrial Capital Goods 4.22 0.31Motilal Oswal Financial Services Ltd. Finance 4.20 0.31Transformers And Rectifiers (India) Ltd. Industrial Capital Goods 4.15 0.31Shiv-Vani Oil & Gas ExplorationServices Ltd. Oil 4.07 0.30Mcnally Bharat EngineeringCompany Ltd. Industrial Capital Goods 4.00 0.30Nucleus Software Exports Ltd. Software 3.99 0.30Consolidated ConstructionConsortium Ltd. Construction 3.88 0.29Sasken CommunicationTechnologies Ltd. Software 3.62 0.27Tata Motors Ltd. Auto 3.57 0.26Ramky Infrastructure Ltd. Construction 2.80 0.21CMC Ltd. Hardware 2.62 0.19Esab India Ltd. Industrial Products 2.55 0.19Eveready Industries India Ltd. Consumer Non Durables 2.47 0.18Noida Toll Bridge Company Ltd. Transportation 2.44 0.18HeidelbergCement India Ltd. Cement 2.37 0.18Texmaco Ltd. Industrial Capital Goods 2.21 0.16Persistent Systems Ltd. Software 2.08 0.15Nagarjuna Agrichem Ltd. Pesticides 2.03 0.15KNR Constructions Ltd. Construction 2.01 0.15JK Cement Ltd. Cement 1.89 0.14GEI Industrial Systems Ltd. Industrial Capital Goods 1.83 0.14Dr. Reddy s Laboratories Ltd. - NCD Pharmaceuticals 0.16 0.01Cash & Current Assets Cash & Current Assets 52.46 3.89

Benchmark Mutual Fund - GoldBenchmark Exchange Traded Scheme Gold ETF 251.54 18.62Fidelity Short Term Income Fund -Growth Option Mutual Fund Units 125.77 9.31

Mutual Fund Units/Gold ETF

Net Assets 1,350.86 100.00



29th July, 2011

Marriage Fund

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




Savings Fund


Fidelity Short Term Income Fund - Growth Option 145.69 84.41%Net Current Assets / (Liabilities) 26.90 15.59%

The annualised total expense ratio of the scheme is 0.50%

Net Assets 172.59 100.00%

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

Marriage Fund

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





SECTOR ALLOCATION OFFIDELITY INDIA CHILDREN S PLAN - MARRIAGE FUND*

as on July 29, 2011

Gold ETF 18.62Banks 15.53Mutual Fund Units 9.31Software 8.01Finance 6.30Pharmaceuticals 4.54Petroleum Products 4.51Construction 3.90Cash & Current Assets 3.89Consumer Non Durables 3.60Industrial Products 2.54Auto Ancillaries 2.52Power 2.15Gas 1.82Oil 1.75Ferrous Metals 1.41Media & Entertainment 1.34Trading 1.34Industrial Capital Goods 1.22Cement 1.20Telecom - Services 0.79Non - Ferrous Metals 0.75Auto 0.59Transportation 0.53Minerals/Mining 0.47Chemicals 0.37Construction Project 0.34Consumer Durables 0.32Hardware 0.19Pesticides 0.15

Grand Total: 100.00

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

FIDELITY EQUITY FUNDas on July 29, 2011

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

13-Mar-2008 1.50000 14-Mar-2008 13.17500

21-Dec-2010 1.50000 22-Dec-2010 19.18100

FIDELITY TAX ADVANTAGE FUNDas on July 29, 2011

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 FUNDas on July 29, 2011

DIVIDEND HISTORYDIVIDEND HISTORY

After the payment of the dividend, the NAV will fall to the extent of the payout and distribution taxes (if applicable). PastPerformance may or may not be sustained in future.

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.

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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.

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Economy & Finance

Fidelity equity fact sheet July2011