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Franklin Templeton To Introduce 370-Day Debt Fund Today

Harish Dhawan 12 September 2007

Mumbai: Franklin Franklin Templeton Asset Management Templeton Asset Management (India) Pvt Ltd has stated that it will introduce Plan D under Templeton Fixed Horizon Fund-Series II today (September 12). The fund will have tenure of 370 days.

The fund house said the fund would invest in debt and money market tools. It would be open for initial subscription until September 17.
The fund will charge an exit load of up to 2.5% on redemptions before due date (maturity).

The information from Association of Mutual Funds in India showed that the fund house managed assets worth about Rs 30000 crore at the end of August.

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