Franklin Templeton Alters Load Structure Of TIPP

Franklin Templeton Mutual Fund has modified the load structure of its Templeton India Pension Plan (TIPP). As per the amendment, the fund house has changed the exit load. As per the change, now there will be a exit load of 2.25% on TIPP which was nil earlier. This change will come into effect from 16 April 2007.

All prior investments continue to be subject to the load structure at the time of their original investment, as may be applicable. TIPP is an open-ended tax saving scheme whose objective is to provide regular income and capital appreciation in dividend and growth plan. All investment under TIPP is subject to the lock in period of 3 years.