Category: SICAV

Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Fidelity Funds - India Focus Fund a sub-fund of Fidelity Funds A-USD (ISIN: LU0197229882) This fund is managed by FIL Investment Management (Luxembourg) S.A. n The fund aims to provide long-term capital growth with the level of income expected to be low. n The fund will invest at least 70% in the shares of Indian companies listed in India, as well as those of non-Indian companies that have a significant portion of their activities in India. n India is considered to be an emerging market. n The fund has the freedom to invest outside its principal geographies, market sectors, industries or asset classes. n The fund may invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. The fund can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, in line with the fund’s risk profile. n The fund is actively managed and references the MSCI India Index Capped 8% (Net) (the ‘‘Benchmark’’). The Investment Manager has a wide range of discretion over the composition of the fund’s portfolio. It may take exposures that are not included in, and that have different weightings from, the Benchmark. Therefore, there are no restrictions on the extent to which the fund’s performance may deviate from that of the Benchmark. The Investment Manager may set internal guidelines which, in turn, may reference deviations from the Benchmark. n Income earned by the fund is reinvested in additional shares or paid to shareholders on request. n Shares can usually be bought and sold each business day of the fund. Lower risk Higher risk Typically lower rewards Typically higher rewards 1 2 3 4 5 6 7 n Historical data may not be a reliable indication for the future. n The risk category shown is not guaranteed and may change over time. n The lowest category does not mean a "risk free" investment. n The