Fidelity launches website to buy and sell funds online

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New Delhi, Apr 2 (UNI) Fidelity today said it has launched Fidelity Online, www.fidelity.co.in, a financial gateway that will help investors learn and plan as well as transact and track their investments in its funds.

''What this means is that investors will be able to invest, redeem and switch their lumpsum and SIP investments online following a short registration process. The STP and SWP facilities are also available online,'' company said in a statement.

Some of the investor-friendly features of Fidelity Online include, Investors will be able to view and transact under one single ID by linking all folios, payment gateway with 14 banks for lumpsum investments and 10 banks for SIP investments for a direct debit facility, transactions on joint holdings possible (provided both holders have registered), completely secure site with a two-level authentication.

In addition, routine account management, such as obtaining account statements, checking valuations, comparing benchmarks and updating user profile has also become easier, the statement said.

Fidelity Online also has interesting financial tools for investors like my Plan which is an interactive, easy-to-use calculator to help investors with their financial planning, a SIP calculator and a Learning Centre that offers insights on investing.

UNI MP AK KP2034

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