The four-time European Tour winner had a good start to the day and early birdies helped him reach the turn in three-under-par.
From there it was quiet for Fichardt, who bogeyed the 12th and then recovered the shot with a birdie at the 16th.
He finished the round on three-under, which marked a good start to the Italian National Open, which Hennie Otto won in 2014.
Otto got his title defence off to a decent start with his own round of 69 at golf Club Milano, which included an eagle at the par-five 16th.
“The golf course is different to where I won last year and it’s crucial to make fairways here. This feels a little bit like home, because it’s a tree-lined course and reminds me of some tracks that we play in Joburg,” he said.
There is precious little time left for players to make contributions in the Race to Dubai, so this week is huge for the likes of Fichardt.
He’ll be keen to build on his decent start in Italy and needs to keep the birdies coming in order to do so.