The Fidelity Puritan Fund (FPURX) is a mutual fund that seeks to provide investors with a balanced portfolio of both stocks and bonds. It primarily invests in large and established companies, with a focus on those that have a history of consistent earnings and strong financials. The fund also includes a portion of its assets in fixed-income securities, providing stability and potential income for investors. With a long-term investment approach, the Fidelity Puritan Fund aims to generate steady growth and income for its shareholders.