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Tuesday, November 11, 2014

Franklin India Multi – Asset Solution Fund Floats On

NFO period is from 07 November to 21 November 2014 

Franklin Templeton Mutual Fund has launched a new fund named as Franklin India Multi – Asset Solution Fund, an open end fund of funds scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 07 November to 21 November 2014. 

The fund seeks to achieve capital appreciation and diversification through a mix of strategic and tactical allocation to various asset classes such as equity, debt, gold and cash by investing in funds investing in these asset classes. 

The scheme offers growth plan, dividend plan (with reinvestment and payout facility), growth plan-direct and dividend plan-direct (with reinvestment and payout facility). 

The scheme shall invest 10%-75% in equity allocation in units of Franklin India Bluechip Fund (FIBCF) / Franklin India Prima Plus (FIPP) with medium to high risk profile & debt allocation in units of Franklin India Short Term Income Plan (FISTIP) / Franklin India Income Opportunities Fund (FIIOF) with low to medium risk profile, invest 1%-50% in Gold allocation into Gold ETF (s) with low to medium risk profile, invest upto 50% in cash allocation in units of Franklin India Treasury Management Accountant (FITMA) with low risk profile and invest upto 5% in cash & money market instruments with low to medium risk profile. 

The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. 

Entry Load: Nil. 

Exit Load: 1%, if redeemed / switched out within 3 years of allotment for each purchase of units. 

Benchmark Index for the scheme will be CRISIL Balanced Fund Index. 

Peeyush Mittal will be the portfolio manager for the scheme. 
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