NFO Period 17 January to 31 January 2011
Franklin Templeton Mutual Fund has launched Franklin Templeton Fixed
Tenure Fund - Series XV (3 Year Plan), a close-ended income scheme. The
tenure of the scheme is 3 years from the date of allotment and it will
mature on 6 February 2014. During the New Fund Offer (NFO), the units
will be offered at face value of Rs 10 per unit. The new issue is open
for subscription from 17 January and closes on 31 January 2011.
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 scheme offers two plans i.e. growth and dividend plan. Dividend option offers payout facility only.
The minimum investment amount is Rs 10000 or any amount in multiple of Rs 10 thereafter.
The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period.
Entry and exit load charges shall be nil for the scheme.
Debt portion of the scheme will be managed by Mr. Umesh Sharma and Mr.
Pallab Roy.
Equity portion of the scheme will be managed by Mr. Anand
Radhakrishnan and Ms. Roshi Jain (dedicated for investment in foreign
securities).
The scheme will allocate up to 20% of assets in equities and equity
linked instruments. It would further invest 80% to 100% of assets in
debt securities and money market instruments.
The Benchmark index for the scheme is - 20% S&P CNX 500 + 70% Crisil
Composite Bond Fund Index + 10% Crisil Liquid Fund Index.