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Fidelity Equity Fund to pay 20% dividend

Our Bureau

Kolkata , March 21

Fidelity Equity Fund has announced a 20-per cent dividend, the record date for which is March 22. This will be the fund's first payout, roughly a year after its launch. Its NAV, now marginally above Rs 17, will reduce in line with the amount of dividend declared. Fidelity Equity, which is benchmarked against the BSE 200, currently manages about Rs 2,980 crore, a press release issued here has mentioned.

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