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Tuesday, January 06, 2009

Franklin Templeton MF revises exit load structure

With effect from 5 January 2009

Franklin Templeton mutual fund has announced that with effect from 5 January 2009 the exit load structure shall be revised for Templeton India Income Fund, Templeton India Income Builder Account.

Templeton India Income Fund

The revised exit load structure will be 0.50% in respect of each purchase of units if redeemed within 6 months from the date of allotment.

Templeton India Income Builder Account -Plan A & B

Templeton India Income Builder Account-both Plan A & B will ask 0.50% exit load in respect of each purchase of units if redeemed within 6 months from the date of allotment.

Before revision, Plan A was not charged exit load. Plan B was charging 0.50% as an exit load in respect of investment amount less than Rs 50 lakh and redeemed within 6 months from the date of allotment and in respect of investment amount greater than Rs 50 lakh in value, 0.25% was the exit load if redeemed within 3 months from the date of allotment.

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