Franklin Templeton MF rolls out new Fund

Franklin Templeton MF has come out with a new equity open-ended scheme Franklin India High Growth Companies Fund. The NFO period starts from 31 May 2007 and ends on 29 June 2007. The issue price is Rs. 10. The minimum investment for plan starts from Rs 1 crore. The scheme is available with Growth and Dividend options with payout and reinvestment facilities. The primary investment objective of the scheme is to seek to generate capital appreciation through investment in Indian companies/ sectors with high growth rates or potential.