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Tuesday, October 06, 2009

Franklin Templeton MF Announces Change in Features

With effect from 7 October 2009

Franklin Templeton Mutual Fund has decided to revise the exit load structure and introduce systematic investment plan in retail plan of Templeton India Short Term Income Plan (TISTIP). The changes will be effective from 7 October 2009.

Revised Exit Load:

Accordingly 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.

Existing Exit Load:

In respect of each purchase of units an exit load of 0.50% is charged if the units redeemed/switched-out within 5 months of allotment.

Introduction of Systematic Investment Plan in Retail Plan:

The Systematic Investment Plan (SIP) facility is being introduced in the retail plan of the scheme. This facility is available only in growth option of TISTIP – retail plan.

The fund house will accept a minimum of 12 cheques each of Rs. 500/- or more or a minimum of 6 cheques each of Rs. 1000/- or more for any SIP investor.

For all SIP purchase transactions during ongoing sale, the load structure as applicable for normal purchases shall be applicable.

Templeton India Short Term Income Plan is an open end income fund, with the investment objective to provide investors stable returns by investing in fixed income securities.

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