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Tuesday, October 06, 2009

Franklin Templeton Fixed Tenure Fund – Series XII – Plan B Floats On

NFO Period from 7 October to 30 October 2009

Franklin Templeton Mutual Fund has launched new fund named as Franklin Templeton Fixed Tenure Fund – Series XII – Plan B, a close-ended income scheme. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit. The new issue will be open for subscription from 7 October 2009 and will close on 30 October 2009.

The investment objective of the scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the scheme along with capital appreciation through equity exposure.

The Maturity of Plan B is 3 years from the date of allotment of units. The date of maturity of the plan is 15 November 2012.

The scheme shall offer dividend and growth option. Dividend option would be payout facility only.

The minimum application amount is Rs. 10000/- and any amount in multiples of Rs.10/- thereafter.

The scheme will invest 80% to 100% in debt securities and money market instruments with low to medium risk profile. Debt securities include securitized debt. It would also invest 0% to 20% in equity and equity related linked instruments with medium to high risk profile.

The entry and exit load charge for the plan will be nil.

The units of the scheme will be listed on recognized stock exchanges(s).

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