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Tuesday, March 24, 2009

Addendum to offer document- Franklin Templeton Investments

Dated 23 March 2009

Franklin Templeton Mutual Fund has announced that Templeton Indian Pension Plan (TIPP) is now open for subscription by eligible investors upto the age of 60 years. Investors have to make the minimum investment of Rs 10,000 either in lumpsum or in instalments of minimum Rs 500 by the time they reach the age of 60 years. Age will be computed in completed years on the date of the transaction. Unitholders will continue to be eligible to redeem/repurchase the units after he/she attains 58 years of age and the total investment made is at least Rs 10000.

An unitholder may also offer units for repurchase/redemption prior to reaching age of 58 years by paying applicable exit load provided the investor has invested the minimum amount of Rs 10000. However all redemptions will be subject to completion of the lock-in period of three financial years. There is no maximum limit on investment.

All other terms and conditions of the scheme's offer document read with the addenda issued from time to time will remain unchanged.

Templeton Indian Pension Plan is an open ended tax saving scheme whose objective is to provide investors regular income under the dividend plan and capital appreciation under the growth plan.

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