Subject to approval from the FSA, Trevor Greetham’s Multi Asset Growth Fund will see its AMC fall 0.15%.
But at the same time the AMC of his Multi Asset Defensive Fund will be hiked 0.10% and the charge on his Multi Asset Strategic Fund will remain the same as it is already at 1.25%.
In a statement Fidelity said; "With the three funds having the same annual management charge we feel it better positions them as a suite of products targeted at differing risk return profiles and customer outcomes.
"While fee rises are never welcome news, we hope investors will understand the fee increase to the Multi Asset Defensive Fund is a modest one (equivalent to £1 a year for each £1000 invested).
"We continue to be committed to providing value for money and the total expense ratio of the range of multi-asset funds remains competitive."
