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Monday, August 24, 2009

Franklin Templeton MF Revises Exit Load Structure

With effect from 24 August 2009

Franklin Templeton Mutual Fund has announced changes in exit load structure for the following schemes, with effect from 24 August 2009.

Templeton India Growth Fund, Templeton India Equity Income Fund, Franklin India Flexi Cap Fund, Franklin India Prima Plus, Franklin India Prima Fund, Franklin India Opportunities Fund, Franklin FMCG Fund, Franklin Pharma Fund, Franklin Infotech Fund, FT India Balanced Fund, Franklin India Bluechip Fund, Franklin India High Growth Companies Fund and Franklin Asian Equity Fund:

The revised exit load charge for the above schemes will 1% if the units are redeemed/switched out within 1 year of allotment.

Templeton Monthly Income Plan:

In respect of each purchase of units, an exit load of 0.50% will be charged if the units are redeemed/switched out within 3 months of allotment.

FT India Monthly Income Plan:

For Plan A & B, in respect of each purchase of units, an exit load of 1% will be charged if the units are redeemed/switched out within one year of allotment.

Franklin India International Fund:

In respect of each purchase of units, an exit load of 0.50% will be charged if the units are redeemed/switched out within 6 months of allotment.

Templeton India Government Securities Fund:

For Composite and PF Plan, in respect of each purchase of units, an exit load of 0.50% will be charged if the units are redeemed/switched out within 3 months of allotment.

Templeton India Short Term Income Plan:

For Retail and Institutional Plan, in respect of each purchase of units, an exit load of 0.50% will be charged if the units are redeemed/switched out within 5 months of allotment.

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