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Monday, April 13, 2009

Franklin Templeton MF announces changes

Addendum to offer document of TQIP

Franklin Templeton Mutual Fund has announced that the sale of the units (including switch-in) under Plan A, B and C of Templeton Quarterly Interval Plan (TQIP) will stand suspended with effect from 15 April 2009.

However, the scheme will continue to issue units to the investors registered under the dividend reinvestment option in case the plans declare any dividend.

The suspension will be effective until further notice. During this period, redemptions (including switch-out) would continue to be allowed as per the terms of the offer document.

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