Fidelity Fund Management has announced dividends in the Fidelity Equity Fund and the Fidelity Tax Advantage Fund. The dividend in the Fidelity Equity Fund is Rs. 2.50 per unit (Face Value of Rs.10 per unit) and the maiden dividend in the Fidelity Tax Advantage Fund is Rs.1.50 per unit (Face Value of Rs.10 per unit), both subject to availability of distributable surplus. All investors registered in the Dividend Option of the two funds as on March 13, 2008 will be entitled to this dividend which will be tax-free in the hands of the investors