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Thursday, July 16, 2009

Franklin Templeton MF revises exit load

With effect from 17 July 2009

Franklin Templeton Mutual Fund has announced the change in the exit load structure of retail plan under Templeton India Short Term Income Plan, with effect from 17 July 2009.

Revised exit load: The scheme will charge an exit load of 0.50% for the investment below Rs 25 crore, if redeemed within 5 months from the date of allotment. The scheme will charge an exit load of 0.75% for the investment equal to or greater than Rs 25 crore, if redeemed within 5 months from the date of allotment.

Current exit load: The scheme is charging an exit load of 0.50% for the investment below Rs 25 crore, if redeemed within 4 months from the date of allotment. The scheme is charging an exit load of 0.75% for the investment equal to or greater than Rs 25 crore, if redeemed within 4 months from the date of allotment.

Templeton India Short Term Income Plan is an open end scheme, which has the objective to provide stable returns by investing in fixed income securities.

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