Franklin Templeton Mutual Fund has launched a new open end income fund called Templeton India Ultra-short Bond Fund. It will be available for subscription only on December 18, 2007. The fund would primarily invests in fixed income instruments of shorter maturity and money market instruments
The fund is offering Retail, Institutional and Super Institutional Plan with: Growth and Daily Dividend Reinvestment options. The minimum investment amount for retail, institutional and super institutional plan would be Rs. 25000, Rs. 5 crores and Rs 15 crores, respectively. The fund's performance would be benchmarked against Crisil Liquid Fund Index. The designated fund manager for the scheme is Mr. Ninad Deshpande and Mr. Sachin Padwal Desai.
(by value research)
Mutual Fund News update from Nishit Doshi (9824021680) a leading MF Advisor based in Ahmedabad. Gujarat.
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