Franklin Templeton MF Revises Exit Load

Franklin Templeton Mutual Fund (MF) has revised the load structure of its six schemes with effect from 16 July 2007: Franklin India Flexi Cap Fund (FIFCF), Franklin India Prima Plus (FIPP), Templeton India Growth Fund (TIGF), Templeton India Equity Income Fund (TIEIF), Franklin India Prima Fund (FIPF) and Franklin India Opportunities Fund (FIOF).

The fund house has revised the exit load on all purchases less then Rs 5 crore in all the above schemes.

At present there is no exit load for TIGF, FIPF and FIFCF schemes. According to revised load structure there will be a load structure of 1% under TIGF, FIPF and FIFCF schemes if units are redeemed or switched out within six months from the date of allotment and 0.50% if the units are redeemed after six months but within one year from the date of allotment.

Under FIPP, FIOF and TIEIF schemes currently there is an exit load of 0.50% if units of the schemes are redeemed or switched out within six months from the date of allotment. According to revised structure there will be a load structure of 1% under FIPP, FIOF and TIEIF schemes if the units are redeemed or switched out within six months from the date of allotment and 0.50% if units are redeemed after six months but within one year from the date of allotment.