How Fidelity Mutual Fund has fared

Fidelity Mutual Fund has great brand value and has become synonymous with research, but somehow that does not translate into outstanding returns.

Schemes from this fund house are not chart toppers. Opt for them if you are
looking for stability and consistency.

Fidelity India Special Situations (2007 - 2009) has never been a first quartile performer, but has occupied positions in all the other three quartiles during the 3-year period. However, it could be argued that the inherent nature of the fund will result in periodic underperformance.

Fidelity Equity (2006 - 2009) just about managed a 1st quartile performance in 2006. In 2007, it dropped to 3rd quartile, which was understandable when the market got overheated and the fund manager refused to chase fads,avoided Real Estate and stayed away from stocks whose valuations were ridiculous.
But in the downturn in 2008, the fund managed a 2nd quartile performance and
stayed in that bracket in 2009 too.

Fidelity India Growth (2008 - 2009) has always had top 2nd quartile annual performances in its short history.

Fidelity Tax Advantage (2007 - 2009) has either been a 1st quartile or 2nd quartile performer.
Over a 3-year period (February 28, 2010), the annual diversified equity
category average return has been 8.30%. Fidelity Equity (10.05%)
outperformed while Fidelity India Special Situations underperformed
(5.71%). Fidelity Tax Advantage outperformed its category average
(7.96%) with a return of 11.11%.