Wednesday, December 16, 2009

Franklin Templeton MF Revises Exit Load under FT India Life Stage Fund of Funds

With effect from 17 December 2009 

Franklin Templeton Mutual Fund has decided to revise the exit load structure for 40's Plan, 50's Plus Plan and 50's Plus Floating Rate Plan of FT India Life Stage Fund of Funds, with effect from 17 December 2009.

40's Plan
 
Accordingly in respect of each purchase of units an exit load of 0.75% will be charged if redeemed within one year of allotment.

50's Plus Plan & 50's Plus Floating Rate Plan
 
In respect of each purchase of units an exit load of 1% will be charged if redeemed within one year of allotment.

FT India Life Stage Fund of Funds is an open ended Fund of Funds scheme with the investment objective to generate superior risk adjusted returns to investors in line with their chosen asset allocation.