CHASE Manhattan Bank will distribute Fidelity Investments' mutual funds through its branch network, to tap the rapidly growing demand for mutual funds in Hongkong. Chase Manhattan was the first bank to offer funds managed by outside managers. Starting in 1990, it distributed Jardine Fleming's funds, along with its own funds. The bank now intends to make Fidelity Funds widely available in the territory, giving local investors greater access to Fidelity and more convenience when investing in its funds. Fidelity Funds are a comprehensive range of 23 equity and bond funds, which aims to match investors' risk and return profile. In particular, Fidelity Income Plus Fund, a newly launched short-term bond fund, offers a low-risk alternative to earn higher interest. Fidelity Income Plus Fund, a popular fund type in the United States, is unique in Hongkong and offers an investment option for investors' cash holdings. Chase Manhattan will focus on eight funds out of the 39 Fidelity equity, bond and money funds: Japan Fund, Japan Smaller Companies Fund, Asean Fund, Hongkong and China Fund, Singapore Fund, Thailand Fund, Malaysia Fund, and Income Plus Fund. JARDINE Fleming Investment Management Limited has announced Jardine Fleming India Pacific Trust has been approved for investment into India by the Securities and Exchange Board of India, under the Foreign Institutional Investor regulations. Originally launched in 1989, the fund was available to non-resident Indians only. Since then, the trustees have agreed to open subscription to everybody, allowing direct investment in India. Its domicile in Mauritius ensures investment is done in a tax efficient manner. At present, no other open-end India funds (where prices are fixed daily and are based on net asset values) are available to the international investment community.