Fact sheets

31 October 2011

Equity Funds

Past performance is no guarantee of future results. For award methodology, please refer to page 271.

CONTENTS Fidelity Equity Fund Fidelity Tax Advantage Fund Fidelity India Special Situations Fund Fidelity International Opportunities Fund Fidelity India Growth Fund Fidelity India Value Fund Fidelity Global Real Assets Fund Fidelity India Childrens Plan Education Fund Marriage Fund Savings Fund

Fidelity Equity Fund

An open-ended equity growth scheme
5-IN-1 FUND 5-STAR PERFORMER
Fund Managers: Sandeep Kothari - Total work experience of 17 years, managing this fund since July 2006 Anirudh Gopalakrishnan - Total work experience of over 10 years, managing this fund for foreign securities investments since October 2010
Past performance is no guarantee of future results. For award methodology please refer to page 272, 275.

PORTFOLIO STATEMENT - October 31, 2011

Name of the Instrument Industry Market Value (Rs. in Lakhs)
24,849.43 18,549.95 18,523.85 16,603.73 15,176.30 11,639.70 11,419.84 10,704.03 10,445.70 9,897.15 8,372.48 8,236.71 7,732.24 7,347.68 6,043.43 5,711.50 5,590.67 5,229.41 5,169.26 5,053.68 5,047.51 5,028.10 5,022.84 4,834.86 4,544.27 4,390.11 4,051.86 3,965.73 3,731.55 3,612.86 3,565.01 3,515.68 3,330.46 3,288.04 3,012.75 2,888.19 2,666.26 2,508.29 2,482.00 2,443.47 2,425.28 2,416.80 2,389.97 2,283.26 2,253.91 2,099.51 2,029.38 1,988.33 1,957.50 1,951.83 1,813.04

% of Tot. Net Assets

6.92 5.17 5.16 4.62 4.23 3.24 3.18 2.98 2.91 2.76 2.33 2.29 2.15 2.05 1.68 1.59 1.56 1.46 1.44 1.41 1.41 1.40 1.40 1.35 1.27 1.22 1.13 1.10 1.04 1.01 0.99 0.98 0.93 0.92 0.84 0.80 0.74 0.70 0.69 0.68 0.68 0.67 0.67 0.64 0.63 0.58 0.57 0.55 0.55 0.54 0.50

Reliance Industries Limited Infosys Limited ITC Limited ICICI Bank Limited HDFC Bank Limited Tata Consultancy Services Limited Dr. Reddy's Laboratories Limited State Bank of India Housing Development Finance Corporation Limited Cipla Limited NTPC Limited Gujarat Fluorochemicals Limited Oil & Natural Gas Corporation Limited Bajaj Auto Limited Bank of Baroda Larsen & Toubro Limited Shriram Transport Finance Company Limited Bharti Airtel Limited Lupin Limited Maruti Suzuki India Limited Jindal Steel & Power Limited Axis Bank Limited Grasim Industries Limited Rallis India Limited Hindustan Unilever Limited Power Grid Corporation of India Limited Cairn India Limited Sterlite Industries ( India ) Limited GAIL (India) Limited Bharat Heavy Electricals Limited Titan Industries Limited Infrastructure Development Finance Company Limited Motherson Sumi Systems Limited Wockhardt Limited Punjab National Bank Jagran Prakashan Limited D.B.Corp Limited LIC Housing Finance Limited Kotak Mahindra Bank Limited Indian Oil Corporation Limited Max India Limited National Stock Exchange of India Limited Texmaco Rail & Engineering Limited Century Textiles & Industries Limited Dabur India Limited Oberoi Realty Limited NIIT Limited Gujarat State Petronet Limited Oracle Financial Services Software Limited Aventis Pharma Limited Idea Cellular Limited

Petroleum Products Software Consumer Non Durables Banks Banks Software Pharmaceuticals Banks Finance Pharmaceuticals Power Chemicals Oil Auto Banks Construction Project Finance Telecom - Services Pharmaceuticals Auto Ferrous Metals Banks Textile Products Pesticides Consumer Non Durables Power Oil Non - Ferrous Metals Gas Industrial Capital Goods Consumer Non Durables Finance Auto Ancillaries Pharmaceuticals Banks Media & Entertainment Media & Entertainment Finance Banks Petroleum Products Industrial Products Finance Industrial Capital Goods Cement Consumer Non Durables Construction Software Gas Software Pharmaceuticals Telecom - Services

Name of the Instrument

Ramky Infrastructure Limited Wyeth Limited CMC Limited UltraTech Cement Limited Whirlpool of India Limited Mcnally Bharat Engineering Company Limited Jubilant Foodworks Limited CESC Limited KEC International Limited WABCO India Limited Exide Industries Limited APL Apollo Tubes Limited Dr. Reddy's Laboratories Limited - NCD SJVN Limited Cash & Current Assets Mutual Fund Units/Gold ETF Fidelity Cash Fund - Super Institutional Plan - Growth Option

Industry
Construction Pharmaceuticals Software Cement Consumer Durables Industrial Capital Goods Consumer Non Durables Power Power Auto Ancillaries Auto Ancillaries Ferrous Metals Pharmaceuticals Power

Market Value (Rs. in Lakhs)

1,752.66 1,744.56 1,721.04 1,593.18 1,461.16 1,298.34 1,276.74 1,104.05 984.05 913.23 771.96 561.17 126.62 81.46 30,705.65 355,931.26 3,092.08 3,092.08 359,023.34

% of Tot. Net Assets

0.49 0.49 0.48 0.44 0.41 0.36 0.36 0.31 0.27 0.25 0.22 0.16 0.04 0.02 8.53 99.14 0.86 0.86 100.00

Mutual Fund Units

Total Portfolio:
The portfolio turnover ratio of the scheme for the 1 year period ending October 31, 2011 is 0.20 times. The annualized total expense ratio for the financial year to date period is 1.84%.

INDUSTRY WISE CLASSIFICATION OF PORTFOLIO# - October 31, 2011 Industry

Banks Software Pharmaceuticals Cash & Current Assets Consumer Non Durables Petroleum Products Finance Power Auto Oil Chemicals Industrial Capital Goods Telecom - Services Gas Construction Project Ferrous Metals Media & Entertainment Textile Products Auto Ancillaries Pesticides Non - Ferrous Metals Cement Construction Mutual Fund Units Industrial Products Consumer Durables Total:
#Based

DIVIDEND HISTORY Record Date

22-Mar-2006 30-Apr-2007 13-Mar-2008 02-Mar-2010 17-Jan-2011

% of NAV
16.44 10.01 9.37 8.53 8.41 7.60 6.82 4.15 3.46 3.28 2.29 2.04 1.96 1.59 1.59 1.57 1.54 1.40 1.40 1.35 1.10 1.08 1.07 0.86 0.68 0.41 100.00

Dividend (Rs. Per unit)

2.000 2.500 2.500 1.000 1.500

Reinvest Date
23-Mar-2006 03-May-2007 14-Mar-2008 03-Mar-2010 18-Jan-2011

Reinvest NAV
15.021 17.031 6.145 18.887 21.135

on AMFI Classification

Fidelity Tax Advantage Fund

An open-ended equity linked savings scheme
BEST ELSS FUND

Fund Managers: 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 273, 275.

PORTFOLIO STATEMENT - October 31, 2011

Name of the Instrument Industry Market Value (Rs. in Lakhs)
7,818.82 6,659.88 6,081.47 5,819.78 5,061.12 4,395.05 4,200.71 3,782.23 3,275.06 3,119.07 2,935.42 2,756.85 2,710.80 2,672.19 2,664.56 2,411.68 2,185.92 2,072.44 1,950.03 1,758.87 1,725.58 1,683.60 1,683.49 1,624.32 1,515.71 1,494.72 1,446.20 1,435.56 1,411.59 1,394.13 1,388.87 1,347.84 1,277.27 1,198.21 1,156.66 1,155.12 1,148.92 1,011.57 988.00 853.88 820.34 799.00 786.98 778.92 777.83 752.68 715.63 698.44 685.87 667.70

% of Tot. Net Assets

6.50 5.54 5.06 4.84 4.21 3.65 3.49 3.14 2.72 2.59 2.44 2.29 2.25 2.22 2.22 2.01 1.82 1.72 1.62 1.46 1.43 1.40 1.40 1.35 1.26 1.24 1.20 1.19 1.17 1.16 1.15 1.12 1.06 1.00 0.96 0.96 0.96 0.84 0.82 0.71 0.68 0.66 0.65 0.65 0.65 0.63 0.60 0.58 0.57 0.56

Reliance Industries Limited ITC Limited Infosys Limited HDFC Bank Limited ICICI Bank Limited Tata Consultancy Services Limited Rallis India Limited Dr. Reddy's Laboratories Limited Housing Development Finance Corporation Limited Cipla Limited State Bank of India Gujarat Fluorochemicals Limited NTPC Limited Bajaj Auto Limited Oil & Natural Gas Corporation Limited Larsen & Toubro Limited Shriram Transport Finance Company Limited Bank of Baroda Axis Bank Limited Titan Industries Limited Power Grid Corporation of India Limited Hindustan Unilever Limited Bharti Airtel Limited Grasim Industries Limited Lupin Limited Jindal Steel & Power Limited GAIL (India) Limited Natco Pharma Limited Bharat Heavy Electricals Limited GlaxoSmithKline Pharmaceuticals Limited Infrastructure Development Finance Company Limited Sterlite Industries ( India ) Limited Motherson Sumi Systems Limited Jagran Prakashan Limited Cairn India Limited Punjab National Bank Maruti Suzuki India Limited Kotak Mahindra Bank Limited National Stock Exchange of India Limited Century Textiles & Industries Limited APL Apollo Tubes Limited D.B.Corp Limited Dabur India Limited Redington (India) Limited Mcleod Russel India Limited Max India Limited Persistent Systems Limited Gujarat State Petronet Limited Aventis Pharma Limited Oracle Financial Services Software Limited

Petroleum Products Consumer Non Durables Software Banks Banks Software Pesticides Pharmaceuticals Finance Pharmaceuticals Banks Chemicals Power Auto Oil Construction Project Finance Banks Banks Consumer Non Durables Power Consumer Non Durables Telecom - Services Textile Products Pharmaceuticals Ferrous Metals Gas Pharmaceuticals Industrial Capital Goods Pharmaceuticals Finance Non - Ferrous Metals Auto Ancillaries Media & Entertainment Oil Banks Auto Banks Finance Cement Ferrous Metals Media & Entertainment Consumer Non Durables Trading Consumer Non Durables Industrial Products Software Gas Pharmaceuticals Software

Name of the Instrument

Idea Cellular Limited UltraTech Cement Limited NIIT Limited Ramky Infrastructure Limited Texmaco Limited Mcnally Bharat Engineering Company Limited Texmaco Rail & Engineering Limited Esab India Limited KEC International Limited Whirlpool of India Limited Ahluwalia Contracts (India) Limited CMC Limited Oberoi Realty Limited Exide Industries Limited Prism Cement Limited Dr. Reddy's Laboratories Limited - NCD Cash & Current Assets Total Portfolio:

Industry
Telecom - Services Cement Software Construction Industrial Capital Goods Industrial Capital Goods Industrial Capital Goods Industrial Products Power Consumer Durables Construction Software Construction Auto Ancillaries Cement Pharmaceuticals

Market Value (Rs. in Lakhs)

647.40 626.66 625.31 580.81 552.35 495.79 432.46 405.54 388.26 361.58 346.47 338.97 329.02 206.66 76.56 49.45 5,050.00 120,269.87

% of Tot. Net Assets

0.54 0.52 0.52 0.48 0.46 0.41 0.36 0.34 0.32 0.30 0.29 0.28 0.27 0.17 0.06 0.04 4.24 100.00

The portfolio turnover ratio of the scheme for the 1 year period ending October 31, 2011 is 0.201 times. The annualized total expense ratio for the financial year to date period is 2.00%

INDUSTRY WISE CLASSIFICATION OF PORTFOLIO# - October 31, 2011 Category

Banks Software Pharmaceuticals Consumer Non Durables Finance Petroleum Products Cash & Current Assets Power Pesticides Oil Auto Industrial Capital Goods Chemicals Construction Project Telecom - Services Ferrous Metals Gas Media & Entertainment Textile Products Cement Auto Ancillaries Non - Ferrous Metals Construction Industrial Products Trading Consumer Durables Total:
#Based

DIVIDEND HISTORY Record Date

13-Mar-2008 21-Dec-2010

% of NAV
16.63 10.67 9.95 9.70 6.51 6.50 4.24 4.00 3.49 3.18 3.18 2.40 2.29 2.01 1.94 1.92 1.78 1.66 1.35 1.29 1.23 1.12 1.04 0.97 0.65 0.30 100.00

Dividend (Rs. Per unit)

1.500 1.500

Reinvest Date
14-Mar-2008 22-Dec-2010

Reinvest NAV
13.175 19.181

on AMFI Classification

Fidelity India Special Situations Fund

An open-ended equity growth scheme

Fund Managers: Nitin Bajaj - Total work experience of 12 years, managing this fund since June 2009 Anirudh Gopalakrishnan - Total work experience of over 10 years, managing this fund for foreign securities investments since October 2010

PORTFOLIO STATEMENT - October 31, 2011

Name of the Instrument Industry Market Value (Rs. in Lakhs)
6,080.00 4,488.20 3,977.90 3,101.36 3,016.01 2,974.50 2,049.93 1,884.84 1,856.02 1,842.78 1,836.48 1,807.68 1,641.11 1,231.44 1,186.78 1,137.95 1,081.51 903.91 891.45 882.94 864.40 852.21 842.59 837.94 827.74 805.85 805.64 801.65 799.95 779.08 747.88 680.68 669.20 659.70 638.97 636.41 630.93 598.11 591.15 559.59 549.22 531.39 516.65 514.56 504.52 490.42 484.69 468.51 439.69 438.13 428.87 424.99

% of Tot. Net Assets

8.11 5.99 5.31 4.14 4.02 3.97 2.74 2.51 2.48 2.46 2.45 2.41 2.19 1.64 1.58 1.52 1.44 1.21 1.19 1.18 1.15 1.14 1.12 1.12 1.10 1.08 1.07 1.07 1.07 1.04 1.00 0.91 0.89 0.88 0.85 0.85 0.84 0.80 0.79 0.75 0.73 0.71 0.69 0.69 0.67 0.65 0.65 0.63 0.59 0.58 0.57 0.57

National Stock Exchange of India Limited Reliance Industries Limited Infosys Limited ITC Limited Tata Consultancy Services Limited State Bank of India ICICI Bank Limited Shriram Transport Finance Company Limited FAG Bearings India Limited Housing Development Finance Corporation Limited Oil & Natural Gas Corporation Limited Dr. Reddy's Laboratories Limited The Federal Bank Limited HDFC Bank Limited ING Vysya Bank Limited Ahluwalia Contracts (India) Limited HCL Technologies Limited The South Indian Bank Limited Bank of Baroda Oberoi Realty Limited Cipla Limited Standard Chartered PLC CEAT Limited The Jammu & Kashmir Bank Limited Jindal Steel & Power Limited Lupin Limited IL&FS Investment Managers Limited Bajaj Auto Limited KPIT Cummins Infosystems Limited Axis Bank Limited Bharti Airtel Limited Redington (India) Limited Infotech Enterprises Limited Jagran Prakashan Limited Gujarat State Petronet Limited Power Grid Corporation of India Limited Amara Raja Batteries Limited Bajaj Holdings & Investment Limited Cairn India Limited Corporation Bank IndusInd Bank Limited Allahabad Bank Larsen & Toubro Limited SKF India Limited IPCA Laboratories Limited Sterlite Industries ( India ) Limited Shree Cements Limited LIC Housing Finance Limited The Great Eastern Shipping Company Limited MindTree Limited CESC Limited Indian Oil Corporation Limited

Finance Petroleum Products Software Consumer Non Durables Software Banks Banks Finance Industrial Products Finance Oil Pharmaceuticals Banks Banks Banks Construction Software Banks Banks Construction Pharmaceuticals Banks Auto Ancillaries Banks Ferrous Metals Pharmaceuticals Finance Auto Software Banks Telecom - Services Trading Software Media & Entertainment Gas Power Auto Ancillaries Finance Oil Banks Banks Banks Construction Project Industrial Products Pharmaceuticals Non - Ferrous Metals Cement Finance Transportation Software Power Petroleum Products

Name of the Instrument

NIIT Technologies Limited Oracle Financial Services Software Limited Sobha Developers Limited Thangamayil Jewellery Limited Lovable Lingerie Limited Lakshmi Machine Works Limited Maruti Suzuki India Limited Bajaj Electricals Limited Nucleus Software Exports Limited ICRA Limited Coal India Limited Ramky Infrastructure Limited Transformers And Rectifiers (India) Limited Pantaloon Retail (India) Limited Century Textiles & Industries Limited Mangalam Cement Limited Titan Industries Limited Consolidated Construction Consortium Limited HeidelbergCement India Limited Eveready Industries India Limited PTC India Limited JK Cement Limited Texmaco Rail & Engineering Limited B. L. Kashyap and Sons Limited Sasken Communication Technologies Limited WABCO India Limited Motilal Oswal Financial Services Limited Dr. Reddy's Laboratories Limited - NCD Nagarjuna Agrichem Limited Wyeth Limited Cash & Current Assets Foreign Securities / Overseas ETFs British American Tobacco ADR K T & G Corp Gafisa ADR Northern Iron Limited

Industry
Software Software Construction Consumer Non Durables Textile Products Industrial Capital Goods Auto Consumer Durables Software Finance Minerals/Mining Construction Industrial Capital Goods Retailing Cement Cement Consumer Non Durables Construction Cement Consumer Non Durables Power Cement Industrial Capital Goods Construction Software Auto Ancillaries Finance Pharmaceuticals Pesticides Pharmaceuticals

Market Value (Rs. in Lakhs)

416.68 410.29 372.77 356.32 353.93 351.64 341.51 331.04 317.16 302.62 283.11 275.89 275.70 263.11 233.01 194.59 191.78 174.32 165.17 163.54 152.06 135.10 134.19 118.84 68.06 44.78 40.84 24.40 9.17 0.43 1,936.00 72,732.15

% of Tot. Net Assets

0.56 0.55 0.5 0.48 0.47 0.47 0.46 0.44 0.42 0.4 0.38 0.37 0.37 0.35 0.31 0.26 0.26 0.23 0.22 0.22 0.2 0.18 0.18 0.16 0.09 0.06 0.05 0.03 0.01 0.00 2.57 97.04

Consumer Staples Consumer Staples Household Goods & Home Construction Materials

843.46 735.41 500.95 136.61 2,216.43 74,948.58

1.13 0.98 0.67 0.18 2.96 100.00

Total Portfolio:
The portfolio turnover ratio of the scheme for the 1 year period ending October 31, 2011 is 0.33 times. The annualized total expense ratio for the financial year to date period is 2.13%.

INDUSTRY WISE CLASSIFICATION OF PORTFOLIO# - October 31, 2011 Industry

Banks Finance Software Petroleum Products Pharmaceuticals Consumer Non Durables Construction Oil Industrial Products Cash & Current Assets Auto Ancillaries Power Cement Auto Ferrous Metals Industrial Capital Goods Telecom - Services Trading Media & Entertainment Gas Construction Project Non - Ferrous Metals Transportation Textile Products Consumer Durables Minerals/Mining Retailing Pesticides Foreign Securities / Overseas ETFs Consumer Staples Household Goods & Home Construction Materials 2.11 0.67 0.18 2.96 100.00
on AMFI Classification

DIVIDEND HISTORY Record Date

02-Mar-2008

% of NAV
20.01 16.03 14.93 6.56 5.34 5.10 3.96 3.24 3.17 2.57 2.02 1.62 1.62 1.53 1.10 1.02 1.00 0.91 0.88 0.85 0.69 0.65 0.59 0.47 0.44 0.38 0.35 0.01 97.04

Dividend (Rs. Per unit)

1.500

Reinvest Date
03-Mar-2008

Reinvest NAV
14.587

Total:
#Based

Fidelity International Opportunities Fund

An open-ended equity growth scheme
Fund Managers: Sandeep Kothari - Total work experience of 17 years, managing this fund since July 2006 Anirudh Gopalakrishnan - Total work experience of over 10 years, managing this fund for foreign securities investments since October 2010

PORTFOLIO STATEMENT - October 31, 2011

Name of the Instrument Industry Market Value (Rs. in Lakhs)
4,560.00 2,292.48 1,569.32 1,441.12 1,310.86 1,094.39 1,038.07 963.96 703.74 638.72 615.56 609.34 601.91 578.39 549.45 517.89 517.44 510.40 506.45 501.24 482.06 462.88 437.92 434.06 323.34 296.67 292.27 292.19 284.43 269.48 263.36 262.41 222.05 196.89 17.77 593.98 26,252.49 404.85 395.01 431.72 979.80 176.54 283.34 547.13 653.06 195.95 427.41 447.43 1,052.30 239.35 761.05

% of Tot. Net Assets

12.99 6.53 4.47 4.11 3.74 3.12 2.96 2.75 2.01 1.82 1.75 1.74 1.72 1.65 1.57 1.48 1.47 1.45 1.44 1.43 1.37 1.32 1.25 1.24 0.92 0.85 0.83 0.83 0.81 0.77 0.75 0.75 0.63 0.56 0.05 1.68 74.81 1.15 1.13 1.23 2.79 0.50 0.81 1.56 1.86 0.56 1.22 1.27 3.00 0.68 2.17

National Stock Exchange of India Limited Reliance Industries Limited HDFC Bank Limited Tata Consultancy Services Limited ICICI Bank Limited Infosys Limited Dr. Reddy's Laboratories Limited Cipla Limited Gujarat Fluorochemicals Limited State Bank of India Bank of Baroda Axis Bank Limited Power Grid Corporation of India Limited Jagran Prakashan Limited The Federal Bank Limited Infrastructure Development Finance Company Limited Oil & Natural Gas Corporation Limited Rallis India Limited Bajaj Auto Limited NTPC Limited Lupin Limited Shriram Transport Finance Company Limited Grasim Industries Limited Hindustan Unilever Limited Larsen & Toubro Limited Cairn India Limited Kotak Mahindra Bank Limited Titan Industries Limited Texmaco Rail & Engineering Limited Bharat Heavy Electricals Limited Punjab National Bank Mcnally Bharat Engineering Company Limited Cummins India Limited Idea Cellular Limited Dr. Reddy's Laboratories Limited - NCD Cash & Current Assets Foreign Securities / Overseas ETFs Hyundai Dept Stores Co Limited K T & G Corp Wesfarmers Limited - PPP Origin Energy Limited Bangkok Bank PCL Standard Chartered PLC Hong Kong Exchanges & Clearing Limited Shinhan Financial Group Company Limited CSL Limited (Australia) ResMed Inc. NHN Corporation Samsung Electronics Co Limited Rio Tinto Limited Newcrest Mining Limited

Finance Petroleum Products Banks Software Banks Software Pharmaceuticals Pharmaceuticals Chemicals Banks Banks Banks Power Media & Entertainment Banks Finance Oil Pesticides Auto Power Pharmaceuticals Finance Textile Products Consumer Non Durables Construction Project Oil Banks Consumer Non Durables Industrial Capital Goods Industrial Capital Goods Banks Industrial Capital Goods Industrial Products Telecom - Services Pharmaceuticals

Consumer Discretionary Consumer Staples Consumer Staples Energy Financials Financials Financials Financials Healthcare Healthcare Equipment and services Information Technology Information Technology Materials Materials

10

Name of the Instrument

BHP Billiton Limited Banpu NVDR Telstra Corporation Limited Perusahaan Gas Negara PT

Industry
Materials Mining Telecommunication Services Utilities

Market Value (Rs. in Lakhs)

768.64 366.52 226.21 487.49 8,843.80 35,096.29

% of Tot. Net Assets

2.19 1.04 0.64 1.39 25.19 100.00

Total Portfolio:
The portfolio turnover ratio of the scheme for the 1 year period ending September 30, 2011 is 0.11 times. The annualized total expense ratio for the financial year to date period is 2.31%.

INDUSTRY WISE CLASSIFICATION OF PORTFOLIO# - October 31, 2011 Industry

Banks Finance Software Pharmaceuticals Petroleum Products Power Industrial Capital Goods Oil Consumer Non Durables Chemicals Cash & Current Assets Media & Entertainment Pesticides Auto Textile Products Construction Project Industrial Products Telecom - Services

% of NAV
16.67 15.79 7.23 7.13 6.53 3.15 2.33 2.32 2.07 2.01 1.68 1.65 1.45 1.44 1.25 0.92 0.63 0.56 74.81

Foreign Securities / Overseas ETFs Materials Financials Information Technology Energy Consumer Staples Utilities Healthcare Equipment and services Consumer Discretionary Mining Telecommunication Services Healthcare 5.04 4.73 4.27 2.79 2.36 1.39 1.22 1.15 1.04 0.64 0.56 25.19 100.00
on AMFI Classification

Total:
#Based

11

Fidelity India Growth Fund

An open-ended equity growth scheme

Fund Managers: Sandeep Kothari - Total work experience of 17 years, managing this fund since July 2006 Anirudh Gopalakrishnan - Total work experience of over 10 years, managing this fund for foreign securities investments since October 2010
Past performance is no guarantee of future results. For award methodology please refer to page 274, 275.

PORTFOLIO STATEMENT - October 31, 2011

Name of the Instrument Industry Market Value (Rs. in Lakhs)
2,478.03 1,934.75 1,803.36 1,631.19 1,581.50 1,455.22 1,320.16 1,161.85 1,083.55 920.91 847.77 844.51 808.80 760.00 698.38 627.29 626.84 625.62 596.35 586.90 500.94 477.18 467.09 466.19 441.54 439.39 437.34 419.11 403.30 396.37 381.63 368.10 359.24 330.52 288.10 286.13 269.86 237.82 237.11 224.92 198.81 195.90 194.00 189.24 183.32 181.44 178.20 177.61 175.82 114.33 69.49

% of Tot. Net Assets

7.33 5.72 5.34 4.83 4.68 4.31 3.91 3.44 3.21 2.72 2.51 2.50 2.39 2.25 2.07 1.86 1.85 1.85 1.76 1.74 1.48 1.41 1.38 1.38 1.31 1.30 1.29 1.24 1.19 1.17 1.13 1.09 1.06 0.98 0.85 0.85 0.80 0.70 0.70 0.67 0.59 0.58 0.57 0.56 0.54 0.54 0.53 0.53 0.52 0.34 0.21

Reliance Industries Limited Infosys Limited ITC Limited HDFC Bank Limited ICICI Bank Limited Tata Consultancy Services Limited Gujarat Fluorochemicals Limited Dr. Reddy's Laboratories Limited Housing Development Finance Corporation Limited Cipla Limited Rallis India Limited State Bank of India NTPC Limited National Stock Exchange of India Limited Oil & Natural Gas Corporation Limited Bank of Baroda Shriram Transport Finance Company Limited Bajaj Auto Limited Larsen & Toubro Limited Axis Bank Limited Kotak Mahindra Bank Limited Sterlite Industries ( India ) Limited Hindustan Unilever Limited Infrastructure Development Finance Company Limited Bharti Airtel Limited Grasim Industries Limited Power Grid Corporation of India Limited GAIL (India) Limited Bharat Heavy Electricals Limited Cairn India Limited Lupin Limited Maruti Suzuki India Limited Jagran Prakashan Limited Oberoi Realty Limited Titan Industries Limited Redington (India) Limited Indian Oil Corporation Limited Century Textiles & Industries Limited Texmaco Rail & Engineering Limited Persistent Systems Limited D.B.Corp Limited Mcleod Russel India Limited Gujarat State Petronet Limited NIIT Limited Mcnally Bharat Engineering Company Limited Oracle Financial Services Software Limited Idea Cellular Limited Ramky Infrastructure Limited Esab India Limited CMC Limited Natco Pharma Limited

Petroleum Products Software Consumer Non Durables Banks Banks Software Chemicals Pharmaceuticals Finance Pharmaceuticals Pesticides Banks Power Finance Oil Banks Finance Auto Construction Project Banks Banks Non - Ferrous Metals Consumer Non Durables Finance Telecom - Services Textile Products Power Gas Industrial Capital Goods Oil Pharmaceuticals Auto Media & Entertainment Construction Consumer Non Durables Trading Petroleum Products Cement Industrial Capital Goods Software Media & Entertainment Consumer Non Durables Gas Software Industrial Capital Goods Software Telecom - Services Construction Industrial Products Software Pharmaceuticals

12

Name of the Instrument

Exide Industries Limited Prism Cement Limited Dr. Reddy's Laboratories Limited - NCD Cash & Current Assets Total Portfolio:

Industry
Auto Ancillaries Cement Pharmaceuticals

Market Value (Rs. in Lakhs)

58.25 21.55 16.03 2,016.47 33,795.32

% of Tot. Net Assets

0.17 0.06 0.05 5.96 100.00

The portfolio turnover ratio of the scheme for the 1 year period ending October 31, 2011 is 0.23 times. The annualized total expense ratio for the financial year to date period is 2.33%.

INDUSTRY WISE CLASSIFICATION OF PORTFOLIO# - October 31, 2011 Industry

Banks Software Finance Consumer Non Durables Petroleum Products Pharmaceuticals Cash & Current Assets Chemicals Power Oil Auto Pesticides Industrial Capital Goods Telecom - Services Gas Construction Project Media & Entertainment Construction Non - Ferrous Metals Textile Products Trading Cement Industrial Products Auto Ancillaries Total:
#Based

% of NAV
17.09 12.14 8.69 8.15 8.13 7.55 5.96 3.91 3.68 3.24 2.94 2.51 2.43 1.84 1.81 1.76 1.65 1.51 1.41 1.30 0.85 0.76 0.52 0.17 100.00

on AMFI Classification

13

Fidelity India Value Fund

An open-ended equity growth scheme

Fund Managers: Nitin Bajaj - Total work experience of 12 years, managing this fund since Feuary 2010 Anirudh Gopalakrishnan - Total work experience of over 10 years, managing this fund for foreign securities investments since October 2010

PORTFOLIO STATEMENT - October 31, 2011

Name of the Instrument Industry Market Value (Rs. in Lakhs)
860.25 649.26 510.81 367.74 366.34 347.83 309.90 300.50 286.26 285.56 281.33 279.57 229.15 227.67 221.13 213.55 211.00 209.57 205.25 191.93 178.14 178.00 174.98 160.96 157.37 144.82 142.82 140.93 129.00 120.04 118.06 115.58 107.22 107.01 104.70 103.48 103.33 103.30 101.10 95.60 94.38 93.87 90.53 88.41 87.48 85.53 82.01 79.59 74.39 72.65 71.64

% of Tot. Net Assets

6.81 5.14 4.04 2.91 2.90 2.75 2.45 2.38 2.27 2.26 2.23 2.21 1.81 1.80 1.75 1.69 1.67 1.66 1.62 1.52 1.41 1.41 1.39 1.27 1.25 1.15 1.13 1.12 1.02 0.95 0.93 0.91 0.85 0.85 0.83 0.82 0.82 0.82 0.80 0.76 0.75 0.74 0.72 0.70 0.69 0.68 0.65 0.63 0.59 0.58 0.57

Reliance Industries Limited Infosys Limited State Bank of India Oil & Natural Gas Corporation Limited ICICI Bank Limited Housing Development Finance Corporation Limited Dr. Reddy's Laboratories Limited Shriram Transport Finance Company Limited ING Vysya Bank Limited FAG Bearings India Limited Tata Consultancy Services Limited The Federal Bank Limited Redington (India) Limited ITC Limited HCL Technologies Limited Ahluwalia Contracts (India) Limited Axis Bank Limited IL&FS Investment Managers Limited Power Grid Corporation of India Limited HDFC Bank Limited The South Indian Bank Limited Jindal Steel & Power Limited WABCO India Limited Standard Chartered PLC Lupin Limited The Jammu & Kashmir Bank Limited CEAT Limited Bharti Airtel Limited Oberoi Realty Limited Bank of Baroda Amara Raja Batteries Limited Jagran Prakashan Limited Sterlite Industries ( India ) Limited Cipla Limited Infotech Enterprises Limited IPCA Laboratories Limited Gujarat State Petronet Limited Thangamayil Jewellery Limited Cairn India Limited Allahabad Bank NIIT Technologies Limited FDC Limited ICRA Limited Corporation Bank LIC Housing Finance Limited Shree Cements Limited Indian Oil Corporation Limited CESC Limited KPIT Cummins Infosystems Limited Phillips Carbon Black Limited PTC India Limited

Petroleum Products Software Banks Oil Banks Finance Pharmaceuticals Finance Banks Industrial Products Software Banks Trading Consumer Non Durables Software Construction Banks Finance Power Banks Banks Ferrous Metals Auto Ancillaries Banks Pharmaceuticals Banks Auto Ancillaries Telecom - Services Construction Banks Auto Ancillaries Media & Entertainment Non - Ferrous Metals Pharmaceuticals Software Pharmaceuticals Gas Consumer Non Durables Oil Banks Software Pharmaceuticals Finance Banks Finance Cement Petroleum Products Power Software Chemicals Power

14

Name of the Instrument

Hinduja Global Solutions Limited IndusInd Bank Limited The Great Eastern Shipping Company Limited MindTree Limited Titan Industries Limited SKF India Limited Maruti Suzuki India Limited Natco Pharma Limited Sobha Developers Limited Consolidated Construction Consortium Limited Larsen & Toubro Limited Lakshmi Machine Works Limited Transformers And Rectifiers (India) Limited Nucleus Software Exports Limited TIL Limited Mangalam Cement Limited Eveready Industries India Limited Lovable Lingerie Limited Mcnally Bharat Engineering Company Limited Bajaj Electricals Limited Coal India Limited Sasken Communication Technologies Limited Bayer Cropscience Limited HeidelbergCement India Limited Motilal Oswal Financial Services Limited Shiv-Vani Oil & Gas Exploration Services Limited Pantaloon Retail (India) Limited Divi's Laboratories Limited Century Textiles & Industries Limited Ramky Infrastructure Limited KNR Constructions Limited Noida Toll Bridge Company Limited Esab India Limited Nagarjuna Agrichem Limited JK Cement Limited Texmaco Rail & Engineering Limited Wyeth Limited GEI Industrial Systems Limited Dr. Reddy's Laboratories Limited - NCD Cash & Current Assets

Industry
Software Banks Transportation Software Consumer Non Durables Industrial Products Auto Pharmaceuticals Construction Construction Construction Project Industrial Capital Goods Industrial Capital Goods Software Industrial Capital Goods Cement Consumer Non Durables Textile Products Industrial Capital Goods Consumer Durables Minerals/Mining Software Pesticides Cement Finance Oil Retailing Pharmaceuticals Cement Construction Construction Transportation Industrial Products Pesticides Cement Industrial Capital Goods Pharmaceuticals Industrial Capital Goods Pharmaceuticals

Market Value (Rs. in Lakhs)

66.88 66.82 66.73 65.17 65.13 64.92 64.73 64.47 63.91 63.48 62.22 61.43 57.73 56.01 55.98 55.73 53.40 47.56 46.62 45.15 44.17 43.77 43.40 41.84 41.16 40.59 39.64 39.60 39.58 38.71 35.24 33.36 29.29 28.63 28.08 27.79 25.57 17.23 4.47 353.00 12,250.71

% of Tot. Net Assets

0.53 0.53 0.53 0.52 0.52 0.51 0.51 0.51 0.51 0.50 0.49 0.49 0.46 0.44 0.44 0.44 0.42 0.38 0.37 0.36 0.35 0.35 0.34 0.33 0.33 0.32 0.31 0.31 0.31 0.31 0.28 0.26 0.23 0.23 0.22 0.22 0.20 0.14 0.04 2.76 96.96

Foreign Securities / Overseas ETFs British American Tobacco ADR K T & G Corp Gafisa ADR Northern Iron Limited Consumer Staples Consumer Staples Household Goods & Home Construction Materials 134.40 116.92 106.10 25.94 383.36 12,634.07 1.06 0.93 0.84 0.21 3.04 100.00

Total Portfolio:
The portfolio turnover ratio of the scheme for the 1 year period ending October 31, 2011 is 0.46 times. The annualized total expense ratio for the financial year to date period is 2.43%.

15

October 31, 2011

Banks Software Finance Petroleum Products Pharmaceuticals Construction Oil Consumer Non Durables Auto Ancillaries Industrial Products Power Cash & Current Assets Industrial Capital Goods Cement Trading Ferrous Metals Telecom - Services Media & Entertainment Non - Ferrous Metals Gas Transportation Chemicals Pesticides Auto Construction Project Textile Products Consumer Durables Minerals/Mining Retailing Foreign Securities / Overseas ETFs Consumer Staples Household Goods & Home Construction Materials 1.99 0.84 0.21 3.04 100.00
on AMFI Classification

21.38 13.13 8.53 7.46 7.17 4.31 4.03 3.56 3.45 3.00 2.82 2.76 2.12 1.98 1.81 1.41 1.12 0.91 0.85 0.82 0.79 0.58 0.57 0.51 0.49 0.38 0.36 0.35 0.31 96.96

Total:
#Based

Fidelity Global Real Assets Fund

An open-ended fund of funds scheme
Fund Manager: Anirudh Gopalakrishnan - Total work experience of over 10 years, managing this fund for foreign securities investments since October 2010

PORTFOLIO STATEMENT - October 31, 2011

Name of the Instrument
Fidelity Funds - Global Real Asset Securities Fund Fidelity Cash Fund - Institutional Plan - Growth Option Net Current Assets/(Liabilities) Net Assets

Market Value (Rs. in Lakhs)

11,456.34 73.61 10.34 11,540.29

% of Tot. Net Assets

99.27% 0.64% 0.09% 100.00%

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

PORTFOLIO STATEMENT of Underlying Fund - Fidelity Global Real Asset Securities Fund - October 31, 2011
Name of the Instrument
Exxon Mobil Corp Bg Group Plc Royal Dutch Shell Plc Anadarko Petroleum Corp Occidental Petroleum Corp Public Storage Simon Ppty Group Inc - Reit Newcrest Mining Ltd Apache Corp Johnson Matthey Plc First Quantum Minerals Inc Air Liquide Sa Sun Hung Kai Properties Ltd Sl Green Realty Corp Reit Danaher Corp Hess Corp Goldcorp Inc (Cana) Rockwell Collins Inc Cummins India Ltd Centrica Plc Sika Ag (Br) Keyence Corp American Tower Corp Cl A Sba Communications Corp Cl A Emerson Elec Co Saipem Spa Kubota Corp Fiat Industrial Spa Ball Corp Union Pacific Corp Chesapeake Energy Corp Repsol Ypf Sa Ord Prysmian Spa Mitsubishi Estate Co Ltd Xstrata Plc Osisko Mining Corp Southern Co Detour Gold Corp Iluka Resources Limited

Industry

Sector

Listed Country
USA UK UK USA USA USA USA ASTL USA UK CANA FRAN HOKO USA USA USA CANA USA IND UK SWIT JAPA USA USA USA ITAL JAPA ITAL USA USA USA SPAI ITAL JAPA UK CANA USA CANA ASTL

% of Tot. Net Assets

3.38 3.34 3.21 2.99 2.84 2.72 2.54 2.49 2.42 2.42 2.20 2.18 2.16 2.14 1.98 1.94 1.92 1.84 1.77 1.74 1.72 1.64 1.64 1.63 1.63 1.58 1.57 1.50 1.49 1.49 1.49 1.47 1.43 1.39 1.39 1.38 1.33 1.33 1.31

Oil, Gas & Consumable Fuels Oil, Gas & Consumable Fuels Oil, Gas & Consumable Fuels Oil, Gas & Consumable Fuels Oil, Gas & Consumable Fuels Real Estate Investment Trusts (Reits) Real Estate Investment Trusts (Reits) Metals & Mining Oil, Gas & Consumable Fuels Chemicals Metals & Mining Chemicals Real Estate Mgt & Dev Real Estate Investment Trusts (Reits) Industrial Conglomerates Oil, Gas & Consumable Fuels Metals & Mining Aerospace & Defense Machinery Multi-utilities Chemicals Electronic Equip., Inst. & Comp. Wireless Telecom Services Wireless Telecom Services Electrical Equipment Energy Equipment & Services Machinery Machinery Containers & Packaging Road & Rail Oil, Gas & Consumable Fuels Oil, Gas & Consumable Fuels Electrical Equipment Real Estate Mgt & Dev Metals & Mining Metals & Mining Electric Utilities Metals & Mining Metals & Mining

Energy Energy Energy Energy Energy Real Estate Real Estate Materials Energy Materials Materials Materials Real Estate Real Estate Capital Goods Energy Materials Capital Goods Capital Goods Utilities Materials Technology Hardware & Equip Telecommunication Services Telecommunication Services Capital Goods Energy Capital Goods Capital Goods Materials Transportation Energy Energy Capital Goods Real Estate Materials Materials Utilities Materials Materials

17

Name of the Instrument

Oneok Inc Silver Wheaton Corp (Cana) Cameron International Corp Goodman Group (Staple) Heidelbergcement Ag (Gerw) Rolls-royce Holdings Plc Arcelormittal Sa (Neth) Novatek Jt Stk Gdr Regs Ophir Energy Plc Lonmin Plc Baker Hughes Inc London Mining Plc (Uk) Sawada Holdings Co Ltd Larsen & Toubro Ltd (Demat) Foster Wheeler Ag Weatherford International Ltd Petroleo Brasileiro-petrobras Athabasca Oil Sands Corp Banro Corp Galp Energia Sgps Sa Oberoi Realty Ltd Canacol Energy Ltd Northern Petroleum Plc Petromanas Energy Inc Cash

Industry
Gas Utilities Metals & Mining Energy Equipment & Services Real Estate Investment Trusts (Reits) Construction Materials Aerospace & Defense Metals & Mining Oil, Gas & Consumable Fuels Oil, Gas & Consumable Fuels Metals & Mining Energy Equipment & Services Metals & Mining Capital Markets Construction & Engineering Construction & Engineering Energy Equipment & Services Oil, Gas & Consumable Fuels Oil, Gas & Consumable Fuels Metals & Mining Oil, Gas & Consumable Fuels Real Estate Mgt & Dev Oil, Gas & Consumable Fuels Oil, Gas & Consumable Fuels Oil, Gas & Consumable Fuels Cash

Sector
Utilities Materials Energy Real Estate Materials Capital Goods Materials Energy Energy Materials Energy Materials Diversified Financials Capital Goods Capital Goods Energy Energy Energy Materials Energy Real Estate Energy Energy Energy Cash

Listed Country
USA CANA USA ASTL GERW UK LUX RUS UK UK USA UK JAPA IND SWIT SWIT BRAZ CANA CANA PTGL IND CANA UK CANA Cash

% of Tot. Net Assets

1.27 1.24 1.23 1.21 1.20 1.17 1.13 1.13 1.09 1.07 0.98 0.97 0.73 0.67 0.64 0.61 0.53 0.52 0.43 0.41 0.41 0.14 0.12 0.05 4.44

SECTOR ALLOCATION OF UNDERLYING FUND - FIDELITY GLOBAL REAL ASSET SECURITIES FUND# - October 31, 2011 Sector
Energy Materials Capital Goods Real Estate Cash Utilities Telecommunication Services Technology, Hardware & Equipment Transportation Diversified Financials Grand Total
#Based

COUNTRY ALLOCATION OF UNDERLYING FUND - FIDELITY GLOBAL REAL ASSET SECURITIES FUND - October 31, 2011 Country
USA UK Canada Japan Australia Italy Cash Switzerland India France Hong Kong Spain Germany Luxembourg Russia Brazil Portugal Grand Total

% OF NAV
31.46 25.88 14.18 12.58 4.44 4.34 3.27 1.64 1.49 0.73 100.00

% of NAV
38.97 16.52 9.19 5.33 5.01 4.51 4.44 2.97 2.85 2.18 2.16 1.47 1.20 1.13 1.13 0.53 0.41 100.00

on MSCI sector classification

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

18

Fidelity India Children's Plan

An open-ended hybrid Plan comprising three funds
Fund Managers: Nitin Bajaj - Total work experience of 12 years, managing this fund (Equity Investments) since February 2011 Shriram Ramanathan - Total work experience of over 11 years, managing this fund (Debt Securities) since February 2011 Anirudh Gopalakrishnan - Total work experience of over 10 years, managing this fund for foreign securities investments since February 2011

Education Fund (An open-ended equity growth scheme)

PORTFOLIO STATEMENT - October 31, 2011
Name of the Instrument
Reliance Industries Limited Infosys Limited State Bank of India ITC Limited Oil & Natural Gas Corporation Limited ICICI Bank Limited Housing Development Finance Corporation Limited Shriram Transport Finance Company Limited Dr. Reddy's Laboratories Limited FAG Bearings India Limited Tata Consultancy Services Limited The Federal Bank Limited ING Vysya Bank Limited IL&FS Investment Managers Limited Redington (India) Limited Ahluwalia Contracts (India) Limited Axis Bank Limited HCL Technologies Limited HDFC Bank Limited Power Grid Corporation of India Limited WABCO India Limited Jindal Steel & Power Limited Standard Chartered PLC Oberoi Realty Limited Lupin Limited The South Indian Bank Limited Bharti Airtel Limited Cipla Limited Sterlite Industries ( India ) Limited Gujarat State Petronet Limited Infotech Enterprises Limited Thangamayil Jewellery Limited The Jammu & Kashmir Bank Limited Bank of Baroda Amara Raja Batteries Limited CEAT Limited Cairn India Limited FDC Limited LIC Housing Finance Limited NIIT Technologies Limited Allahabad Bank Jagran Prakashan Limited IPCA Laboratories Limited ICRA Limited Phillips Carbon Black Limited Shree Cements Limited CESC Limited MindTree Limited

Industry
Petroleum Products Software Banks Consumer Non Durables Oil Banks Finance Finance Pharmaceuticals Industrial Products Software Banks Banks Finance Trading Construction Banks Software Banks Power Auto Ancillaries Ferrous Metals Banks Construction Pharmaceuticals Banks Telecom - Services Pharmaceuticals Non - Ferrous Metals Gas Software Consumer Non Durables Banks Banks Auto Ancillaries Auto Ancillaries Oil Pharmaceuticals Finance Software Banks Media & Entertainment Pharmaceuticals Finance Chemicals Cement Power Software

Market Value (Rs. in Lakhs)

71.14 52.20 42.24 41.13 30.43 30.29 28.19 25.78 25.31 24.63 24.30 23.51 22.41 20.60 18.66 18.19 17.39 17.18 16.44 15.73 15.48 14.72 14.48 14.20 13.52 13.46 11.01 11.00 10.33 10.15 10.09 9.93 9.89 9.42 9.28 9.28 9.26 8.83 8.55 8.55 8.46 8.37 8.29 7.90 7.49 7.38 6.94 6.83

% of Tot. Net Assets

4.87 3.57 2.89 2.82 2.08 2.07 1.93 1.77 1.73 1.69 1.66 1.61 1.53 1.41 1.28 1.25 1.19 1.18 1.13 1.08 1.06 1.01 0.99 0.97 0.93 0.92 0.75 0.75 0.71 0.7 0.69 0.68 0.68 0.64 0.64 0.64 0.63 0.6 0.59 0.59 0.58 0.57 0.57 0.54 0.51 0.51 0.48 0.47

19

Name of the Instrument

Corporation Bank Transformers And Rectifiers (India) Limited Maruti Suzuki India Limited Hinduja Global Solutions Limited Indian Oil Corporation Limited Natco Pharma Limited Sasken Communication Technologies Limited Nucleus Software Exports Limited KPIT Cummins Infosystems Limited The Great Eastern Shipping Company Limited Coal India Limited SKF India Limited IndusInd Bank Limited PTC India Limited Wyeth Limited Larsen & Toubro Limited Divi's Laboratories Limited Sobha Developers Limited Ramky Infrastructure Limited Titan Industries Limited HeidelbergCement India Limited Consolidated Construction Consortium Limited Shiv-Vani Oil & Gas Exploration Services Limited Lakshmi Machine Works Limited Mangalam Cement Limited TIL Limited Bajaj Electricals Limited Eveready Industries India Limited Century Textiles & Industries Limited Motilal Oswal Financial Services Limited Pantaloon Retail (India) Limited Mcnally Bharat Engineering Company Limited Bayer Cropscience Limited Noida Toll Bridge Company Limited KNR Constructions Limited Esab India Limited JK Cement Limited GEI Industrial Systems Limited Nagarjuna Agrichem Limited Dr. Reddy's Laboratories Limited - NCD Cash & Current Assets Mutual Fund Units/Gold ETF Fidelity Short Term Income Fund - Growth Option

Industry
Banks Industrial Capital Goods Auto Software Petroleum Products Pharmaceuticals Software Software Software Transportation Minerals/Mining Industrial Products Banks Power Pharmaceuticals Construction Project Pharmaceuticals Construction Construction Consumer Non Durables Cement Construction Oil Industrial Capital Goods Cement Industrial Capital Goods Consumer Durables Consumer Non Durables Cement Finance Retailing Industrial Capital Goods Pesticides Transportation Construction Industrial Products Cement Industrial Capital Goods Pesticides Pharmaceuticals

Market Value (Rs. in Lakhs)

6.79 6.79 6.64 6.43 6.43 6.36 6.25 6.17 6.15 6.02 5.89 5.63 5.57 5.39 5.25 5.04 4.96 4.84 4.70 4.65 4.64 4.52 4.48 4.31 4.30 3.72 3.70 3.62 3.42 3.34 3.30 3.02 2.70 2.68 2.21 2.18 1.89 1.77 1.45 0.14 24.08 1,050.26 410.16 410.16 1,460.42

% of Tot. Net Assets

0.47 0.46 0.45 0.44 0.44 0.44 0.43 0.42 0.42 0.41 0.4 0.39 0.38 0.37 0.36 0.35 0.34 0.33 0.32 0.32 0.32 0.31 0.31 0.3 0.29 0.25 0.25 0.25 0.23 0.23 0.23 0.21 0.18 0.18 0.15 0.15 0.13 0.12 0.1 0.01 1.63 71.91 28.09 28.09 100.00

Mutual Fund Units

Total Portfolio:
The portfolio turnover ratio of the scheme for the 1 year period ending October 31, 2011 is 0.19 times. The annualized total expense ratio for the financial year to date period is 2.50%.

20

INDUSTRY WISE CLASSIFICATION OF PORTFOLIO# - October 31, 2011 Industry

Mutual Fund Units Banks Software Finance Pharmaceuticals Petroleum Products Consumer Non Durables Construction Oil Auto Ancillaries Industrial Products Power Cash & Current Assets Cement Industrial Capital Goods Trading Ferrous Metals Telecom - Services Non - Ferrous Metals Gas Transportation Media & Entertainment Chemicals Auto Minerals/Mining Construction Project Pesticides Consumer Durables Retailing Total:
#Based

% of NAV
28.09 15.08 9.87 6.47 5.73 5.31 4.07 3.33 3.02 2.34 2.23 1.93 1.63 1.48 1.34 1.28 1.01 0.75 0.71 0.70 0.59 0.57 0.51 0.45 0.40 0.35 0.28 0.25 0.23 100.00

on AMFI Classification

21

Fidelity India Children's Plan

An open-ended hybrid Plan comprising three funds
Fund Managers: Nitin Bajaj - Total work experience of 12 years, managing this fund since February 2011 Shriram Ramanathan - Total work experience of over 11 years, managing this fund since February 2011 Anirudh Gopalakrishnan - Total work experience of over 10 years, managing this fund for foreign securities investments since February 2011

Marriage Fund (An open-ended equity growth scheme)

PORTFOLIO STATEMENT - October 31, 2011
Name of the Instrument Industry Market Value (Rs. in Lakhs)
88.37 66.13 52.19 50.36 38.62 37.73 36.87 31.42 31.21 30.12 28.80 28.67 28.45 26.42 22.87 22.57 22.56 22.03 21.72 20.18 18.64 18.54 17.85 16.98 16.94 16.90 14.41 12.66 12.13 12.07 11.79 11.76 11.72 11.44 11.15 11.02 10.75 10.60 10.33 10.22 10.10 10.07 9.84 9.67 9.37 9.31 9.19 8.77

% of Tot. Net Assets

4.87 3.64 2.87 2.77 2.13 2.08 2.03 1.73 1.72 1.66 1.59 1.58 1.57 1.45 1.26 1.24 1.24 1.21 1.20 1.11 1.03 1.02 0.98 0.93 0.93 0.93 0.79 0.70 0.67 0.66 0.65 0.65 0.65 0.63 0.61 0.61 0.59 0.58 0.57 0.56 0.56 0.55 0.54 0.53 0.52 0.51 0.51 0.48

Reliance Industries Limited Infosys Limited State Bank of India ITC Limited Oil & Natural Gas Corporation Limited ICICI Bank Limited Housing Development Finance Corporation Limited Shriram Transport Finance Company Limited Dr. Reddy's Laboratories Limited The Federal Bank Limited FAG Bearings India Limited ING Vysya Bank Limited Tata Consultancy Services Limited IL&FS Investment Managers Limited HCL Technologies Limited Ahluwalia Contracts (India) Limited Redington (India) Limited Axis Bank Limited HDFC Bank Limited Power Grid Corporation of India Limited The South Indian Bank Limited WABCO India Limited Jindal Steel & Power Limited Lupin Limited Standard Chartered PLC Oberoi Realty Limited Bharti Airtel Limited Amara Raja Batteries Limited The Jammu & Kashmir Bank Limited Gujarat State Petronet Limited CEAT Limited IPCA Laboratories Limited Jagran Prakashan Limited Bank of Baroda Cipla Limited NIIT Technologies Limited Thangamayil Jewellery Limited Sterlite Industries ( India ) Limited Infotech Enterprises Limited Cairn India Limited Corporation Bank KPIT Cummins Infosystems Limited Indian Oil Corporation Limited ICRA Limited FDC Limited CESC Limited Allahabad Bank LIC Housing Finance Limited

Petroleum Products Software Banks Consumer Non Durables Oil Banks Finance Finance Pharmaceuticals Banks Industrial Products Banks Software Finance Software Construction Trading Banks Banks Power Banks Auto Ancillaries Ferrous Metals Pharmaceuticals Banks Construction Telecom - Services Auto Ancillaries Banks Gas Auto Ancillaries Pharmaceuticals Media & Entertainment Banks Pharmaceuticals Software Consumer Non Durables Non - Ferrous Metals Software Oil Banks Software Petroleum Products Finance Pharmaceuticals Power Banks Finance

22

Name of the Instrument

PTC India Limited IndusInd Bank Limited Titan Industries Limited Sobha Developers Limited Shree Cements Limited SKF India Limited Lakshmi Machine Works Limited Phillips Carbon Black Limited Consolidated Construction Consortium Limited Mangalam Cement Limited Wyeth Limited Nucleus Software Exports Limited TIL Limited Transformers And Rectifiers (India) Limited Maruti Suzuki India Limited The Great Eastern Shipping Company Limited Larsen & Toubro Limited Natco Pharma Limited Sasken Communication Technologies Limited Hinduja Global Solutions Limited Eveready Industries India Limited Bayer Cropscience Limited MindTree Limited Mcnally Bharat Engineering Company Limited Coal India Limited Noida Toll Bridge Company Limited KNR Constructions Limited JK Cement Limited Divi's Laboratories Limited HeidelbergCement India Limited Century Textiles & Industries Limited Pantaloon Retail (India) Limited Nagarjuna Agrichem Limited Ramky Infrastructure Limited Shiv-Vani Oil & Gas Exploration Services Limited Bajaj Electricals Limited Motilal Oswal Financial Services Limited Texmaco Rail & Engineering Limited Esab India Limited GEI Industrial Systems Limited Dr. Reddy's Laboratories Limited - NCD Cash & Current Assets Mutual Fund Units/Gold ETF Goldman Sachs Gold Exchange Traded Scheme Fidelity Short Term Income Fund - Growth Option

Industry
Power Banks Consumer Non Durables Construction Cement Industrial Products Industrial Capital Goods Chemicals Construction Cement Pharmaceuticals Software Industrial Capital Goods Industrial Capital Goods Auto Transportation Construction Project Pharmaceuticals Software Software Consumer Non Durables Pesticides Software Industrial Capital Goods Minerals/Mining Transportation Construction Cement Pharmaceuticals Cement Cement Retailing Pesticides Construction Oil Consumer Durables Finance Industrial Capital Goods Industrial Products Industrial Capital Goods Pharmaceuticals

Market Value (Rs. in Lakhs)

8.29 8.26 8.10 8.01 7.96 7.93 7.56 7.50 7.15 6.92 6.49 6.47 6.46 6.46 6.37 6.29 6.25 6.24 6.18 6.14 6.10 5.96 5.81 5.59 4.84 4.77 4.69 4.52 4.43 4.40 4.24 4.09 3.97 3.94 3.89 3.80 3.55 2.73 2.41 1.65 0.16 35.38 1,313.46 331.98 170.91 502.89 1,816.35

% of Tot. Net Assets

0.46 0.45 0.45 0.44 0.44 0.44 0.42 0.41 0.39 0.38 0.36 0.36 0.36 0.36 0.35 0.35 0.34 0.34 0.34 0.34 0.34 0.33 0.32 0.31 0.27 0.26 0.26 0.25 0.24 0.24 0.23 0.23 0.22 0.22 0.21 0.21 0.20 0.15 0.13 0.09 0.01 1.92 72.31 18.28 9.41 27.69 100.00

Gold ETF Mutual Fund Units

Total Portfolio:
The portfolio turnover ratio of the scheme for the 1 year period ending October 31, 2011 is 0.21 times. The annualized total expense ratio for the financial year to date period is 2.50%.

23

INDUSTRY WISE CLASSIFICATION OF PORTFOLIO# - October 31, 2011 Industry

Gold ETF Banks Software Mutual Fund Units Finance Petroleum Products Pharmaceuticals Consumer Non Durables Construction Oil Auto Ancillaries Industrial Products Power Cash & Current Assets Industrial Capital Goods Cement Trading Ferrous Metals Telecom - Services Gas Media & Entertainment Transportation Non - Ferrous Metals Pesticides Chemicals Auto Construction Project Minerals/Mining Retailing Consumer Durables Total:
#Based

% of NAV
18.28 15.38 9.56 9.41 6.42 5.41 5.38 4.15 3.48 2.90 2.37 2.16 2.08 1.92 1.69 1.54 1.24 0.98 0.79 0.66 0.65 0.61 0.58 0.55 0.41 0.35 0.34 0.27 0.23 0.21 100.00

on AMFI Classification

11

PORTFOLIO STATEMENT - October 31, 2011

187.75 5.77 193.52

97.02% 2.98%

24

Comparative Performance of all schemes

Fidelity Equity Fund
Fund Managers: Sandeep Kothari & Anirudh Gopalakrishnan PERFORMANCE - September 30, 2011
Period 30.9.10 to 30.9.11 Absolute Returns (%) Fidelity Equity Fund-Growth BSE 200 (Scheme Benchmark) BSE Sensex^ -13.34% -19.85% -18.01% 30.9.09 to 30.9.10 Absolute Returns (%) 34.12% 20.79% 17.18% 30.9.08 to 30.9.09 Absolute Returns (%) 36.98% 34.66% 33.17% Date of Inception Since Inception till 30.9.11* CAGR Returns (%) 20.37% 14.30% 15.60% Value of Standard Investment of Rs 10,000 (Rs) 32,619 23,458 25,205

16-May-05

Past performance may or may not be sustained in the future. ^Standard Benchmark *Note: As per the SEBI standards for performance reporting, the since inception return is calculated on NAV of Rs.10/- invested at inception. FEF NAV as on 30 September 2011 was Rs.32.619. BSE 200 as on 30 September 2011 was 2028.27. CAGR is compounded annualised. Date of inception is deemed to be date of allotment. Source: FEF NAV, BSE Sensex and BSE 200 data - AMFI, BSE.

Fidelity Tax Advantage Fund

Fund Manager: Sandeep Kothari PERFORMANCE - September 30, 2011
Period 30.9.10 to 30.9.11 Absolute Returns (%) Fidelity Tax Advantage Fund-Growth BSE 200 (Scheme Benchmark) BSE Sensex^ -13.75% -19.85% -18.01% 30.9.09 to 30.9.10 Absolute Returns (%) 36.99% 20.79% 17.18% 30.9.08 to 30.9.09 Absolute Returns (%) 37.82% 34.66% 33.17% Date of Inception Since Inception till 30.9.11* CAGR Returns (%) 13.41% 8.45% 8.77% Value of Standard Investment of Rs 10,000 (Rs) 20,216 15,738 16,002

27-Feb-06

Past performance may or may not be sustained in the future. ^Standard Benchmark * Note: As per the SEBI standards for performance reporting, the since inception return is calculated on
NAV of Rs. 10/- invested at inception. FTAF NAV as on 30 September 2011 was Rs. 20.216. BSE 200 as on 30 September 2011 was 2028.27. CAGR is compounded annualised. Date of inception is deemed to be date of allotment. Source: FTAF NAV, BSE Sensex and BSE 200 data - AMFI, BSE.

Fidelity India Special Situations Fund

Fund Managers: Nitin Bajaj & Anirudh Gopalakrishnan PERFORMANCE - September 30, 2011
Period 30.9.10 to 30.9.11 Absolute Returns (%) Fidelity India Special Situations Fund-Growth BSE 200 (Scheme Benchmark) BSE Sensex^ -15.87% -19.85% -18.01% 30.9.09 to 30.9.10 Absolute Returns (%) 30.80% 20.79% 17.18% 30.9.08 to 30.9.09 Absolute Returns (%) 30.56% 34.66% 33.17% Date of Inception Since Inception till 30.9.11 CAGR Returns (%) 9.96% 8.90% 8.77% Value of Standard Investment of Rs 10,000* (Rs) 16,640 15,798 15,698

22-May-06

Past performance may or may not be sustained in the future. ^Standard Benchmark * Note: As per the SEBI standards for performance reporting, the since inception return is
calculated on NAV of Rs. 10/- invested at inception. FIOF NAV as on 30 September 2011 was Rs. 12.10. Benchmark value as on 30 September 2011 was 11.83. Returns for 1 year period are absolute and those for since inception are compounded annualised. Source: FIOF NAV, BSE Sensex and benchmark data - AMFI, Fidelity. ** 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

Fund Managers: Sandeep Kothari & Anirudh Gopalakrishnan PERFORMANCE - September 30, 2011
Period 30.9.10 to 30.9.11 Absolute Returns (%) Fidelity International Opportunities Fund-Growth Scheme Benchmark** BSE Sensex^ -13.14% -14.72% -18.01% 30.9.09 to 30.9.10 Absolute Returns (%) 26.36% 16.64% 17.18% 30.9.08 to 30.9.09 Absolute Returns (%) 26.93% 33.42% 33.17% Date of Inception Since Inception till 30.9.11* CAGR Returns (%) 4.48% 3.94% 3.12% Value of Standard Investment of Rs 10,000 (Rs) 12,100 11,826 11,428

28-May-07

Past performance may or may not be sustained in the future. ^Standard Benchmark * Note: As per the SEBI standards for performance reporting, the since inception return is
calculated on NAV of Rs. 10/- invested at inception. FIOF NAV as on 30 September 2011 was Rs. 12.10. Benchmark value as on 30 September 2011 was 11.83. Returns for 1 year period are absolute and those for since inception are compounded annualised. Source: FIOF NAV, BSE Sensex and benchmark data - AMFI, Fidelity. ** 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.

25

Comparative Performance of all schemes

Fidelity India Growth Fund
Fund Managers: Sandeep Kothari & Anirudh Gopalakrishnan PERFORMANCE - September 30, 2011
Period 30.9.10 to 30.9.11 Absolute Returns (%)
Fidelity India Growth Fund-Growth BSE 200 (Scheme Benchmark) BSE Sensex^

Since Inception till 30.9.11* 30.9.08 to 30.9.09 Absolute Returns (%) 39.14% 34.66% 33.17% Date of Inception CAGR Returns (%) 3.26% 0.76% -2.92% Value of Standard Investment of Rs 10,000 (Rs) 11,348 9,010 8,897

30.9.09 to 30.9.10 Absolute Returns (%) 32.93% 20.79% 17.18%

-12.45% -19.85% -18.01%

23-Oct-07

Past performance may or may not be sustained in the future. ^Standard Benchmark * Note: As per the SEBI standards for performance reporting, the since inception return is calculated on NAV of Rs. 10/- invested at inception. FIGF NAV as on 30 September 2011 was Rs 11.348. BSE 200 as on 30 September 2011 was 2028.27. CAGR is compounded annualised. Date of inception is deemed to be date of allotment. Source: FIGF NAV, BSE Sensex and BSE 200 data - AMFI, BSE.

Fidelity India Value Fund

Fund Managers: Nitin Bajaj & Anirudh Gopalakrishnan PERFORMANCE - September 30, 2011
Period 30.9.10 to 30.9.11 Absolute Returns (%) Fidelity India Value Fund-Growth BSE 200 (Scheme Benchmark) BSE Sensex^ -20.05% -19.85% -18.01% Date of Inception

08-Jan-10

Past performance may or may not be sustained in the future. ^Standard Benchmark * Note: FIVF NAV as on 30 September 2011 was Rs.9.748. BSE 200 as on 30 September 2011 was 2028.27. Returns for 1 year period are absolute returns. Date of inception is deemed to be date of allotment. Source: FIVF NAV, BSE Sensex and BSE 200 data - AMFI, BSE.

Fidelity Global Real Assets Fund

Fund Managers: Amit Lodha & Anirudh Gopalakrishnan PERFORMANCE - September 30, 2011
Period 30.9.10 to 30.9.11 Absolute Returns (%) Fidelity Global Real Assets Fund-Growth Custom Scheme Benchmark** BSE Sensex^ 2.46% 0.94% -18.01% Date of Inception

11-Feb-10

Past performance may or may not be sustained in the future. ^Standard Benchmark. FGRAF NAV as on 29 September 2011 was Rs.11.38. Custom benchmark as on 29 September 2011 was 111.92. Returns for 1 year period are absolute Returns. Source: FGRAF NAV and custom benchmark - AMFI and FIL Ltd. **Custom Scheme Benchmark: Global Real Asset Custom Blended Index (MSCI ACWI Industrials (20%), Utilities (10%), Materials (20%), Energy (30%)

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Fidelity Contacts
Ahmedabad 301, Raindrops Building, Opp. Cargo Motors, C. G. Road, Ellis Bridge, Ahmedabad 380 006 Bangalore #205-207, 2nd Floor, Phoenix Towers, 16 & 16/1, Museum Road, Bangalore 560 025 Chennai 3rd Floor, Investwell Centre, 91, G. N. Chetty Road, T. Nagar, Chennai 600 017 Gurgaon Ground Floor, Tower - D, Unitech World Cyber Park, Sector - 39, Gurgaon 122 001 Kolkata 408, 4th Floor, Azimganj House, 7, Camac Street, Kolkata 700 017 Mumbai 6th Floor, Mafatlal Centre, Nariman Point, Mumbai 400 021 Pune Unit No. 406, 4th Floor, Nucleus Mall, 1, Church Road, Camp, Pune 411 001 Secunderabad No 1-8-304-307, 3rd Floor, Kamala Towers, Pattigadda Street No 1, (above Mody Ford showroom), Begumpet, Secunderabad 500 003 Contact us on Toll free number 1800 2000 400 or 91 124 3915655 between 9 am - 6 pm (Monday - Friday)

LOAD STRUCTURE FEF, FISS, FIOF, FIGF, FIVF & FGRAF - 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 SWP or 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 of dividend re-investment; and (ii) Units issued by way of bonus, if any. Fidelity India Childrens Plan - Exit Loads - Education & Marriage Fund : For redemption within 1 year, 2 years and 3 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 between different options of the same Fund or between different Funds within the Plan and in case of transfer under STP. Savings Fund: Exit load: Within 1 year from the date of allotment or Purchase applying First in First Out basis: 0.5% No Exit Load will be chargeable in case of redemption of: (i) Units allotted on account of dividend re-investments; and (ii) Units issued by way of bonus, if any. 1Lipper Fund Awards India 2011 - 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 asset class 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 competing companies. The group awards are given to the company that is responsible for establishing the fund by appointing the fund management company, promoting and/or distributing the 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 the accuracy 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 a detailed explanation please review the Lipper Leaders methodology document on www.lipperweb.com 2Fidelity Equity Fund - ICRA Award: Fidelity Equity Fund has been ranked as a 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 and comparative analysis against various parameters, including: risk adjusted return, fund size, company concentration and portfolio turnover. The ranking methodology did not take into account 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 a certificate of statutory compliance nor any guarantee on the future performance of Fidelity Mutual Fund. Ranking Source & Publisher: ICRA Online Limited. 3Fidelity Tax Advantage Fund - ICRA Award: 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-year performance 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 schemes considered 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 statutory compliance nor any guarantee on the future performance of Fidelity Tax Advantage Fund. Ranking Source & Publisher: ICRA Online Limited. Morningstar Fund Awards (India): 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 of returns 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 tenure with 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 the award 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, by Morningstar. It is neither a certificate of statutory compliance nor any guarantee on the future performance. Ranking Source: Morningstar India. CNBC TV18-CRISIL Mutual Fund: 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 were eligible 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's performance in the four quarterly CRISIL Mutual Fund Rankings released during the calendar year 2010. The individual CRISIL Mutual Fund Ranking parameter scores averaged for the four 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 CRISIL Mutual Fund Ranking is available at www.crisil.com Ranking Source: CRISIL FundServices, CRISIL Ltd. 4Fidelity India Growth Fund - CNBC TV18-CRISIL Mutual Fund Award: 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 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's performance in the four quarterly CRISIL Mutual Fund Rankings released during the calendar year 2010. The individual CRISIL Mutual Fund Ranking parameter scores averaged for the four 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 CRISIL Mutual Fund Ranking is available at www.crisil.com. Rankings and Award Source: CRISIL FundServices, CRISIL Ltd. 5Morningstar Qualitative Ratings: Morningstar India has rated Fidelity Equity Fund and Fidelity India Growth Fund as Elite in the India Large Cap category and Fidelity Tax Advantage Fund as Elite in the India ELSS (Tax Savings category). The Morningstar Qualitative Ratings represents Morningstar analysts opinion of a funds relative investment merit. It is a forward looking measure and identifies analyst conviction in a funds long-term performance prospects relative to a relevant pan-European & Asian peer group, which is usually but not always the funds Morningstar category. The Morningstar Qualitative Ratings scale is Elite, Superior, Standard, Inferior, and Impaired. The Morningstar Qualitative Ratings is as of October 2011. The Rating of the Fund is subject to change by Morningstar and is based on evaluation of the five key pillars People, Parent, Process, Performance and Price. Elite funds represent Morningstar analysts highest conviction picks. Morningstar awards the rating to funds that it believes are capable of outperforming their peers over the long term. To earn this rating, a fund must be significantly better than its peers in most key respects. The number of schemes in India ELSS (Tax Savings) category are 69 schemes and India Large Cap category are 384 schemes. The information, data and opinions expressed (Information) and contained herein: (1) are proprietary to Morningstar and/or its content providers and are not intended to represent investment advice or recommendation to buy or sell any security; (2) may not be copied or distributed without express license to do so; and (3) are not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this Rating, Rating Report or Information contained therein. Ranking Source: Morningstar India.

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