Sep 15, 2008

Franklin Templeton MF launches 19 months plan

02 Sep 2008 | 11:15




Franklin Templeton MF launches 19 months plan


Franklin Templeton Mutual Fund launches Templeton Fixed Horizon Fund -
Series XI-G on 4 September 2008. The initial offer period will be
closed on 10 September 2008. It is a close - ended income fund with
tenure of 19 months from the date of allotment. The scheme will mature
on 10 April 2010. The offer unit price is Rs 10 per unit.

The
scheme aims to generate returns and reduce interest rate volatility,
through a portfolio of fixed income securities with a maturity profile
generally in line with the fund's duration.

The 19 months plan offers growth option and dividend option. The dividend option further offers payout facility.

No
entry load will be charged under the scheme, as it is of close-ended
nature. The scheme will charge up to 3.00% as Contingent Deferred Sales
Charge (CDSC) if redemption is done before maturity. Switch out of
units on maturity will not apply any exit load.

The minimum
investment amount is Rs. 5000 and in multiples of Re 1 thereafter. The
scheme seeks to collect Rs.1 crore during NFO period.

The scheme
may invest up to 100% in debt securities and money market instrument
.The exposure in securitised debts shall be up to 100%.

The scheme has identified Crisil Short Term Bond Fund Index as the benchmark.

Pallab Roy and Vivek Ahuja are the Fund Managers of the scheme.


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