Franklin Templeton MF Rolls Out New Fund

Franklin Templeton MF has rolled out Templeton Fixed Horizon Fund - Series III and Series IV. Templeton Fixed Horizon Fund - Series III and Series IV is a close-ended income fund. Both series offers six different plans i.e. plan A to pan F. The NFO period starts on 9 July 2007 and ends on 18 July 2007. The issue price is Rs. 10. The Schemes seeks to collect Rs.1 crore in each Plan as the minimum subscription. The schemes are available with growth and annual dividend options with payout facility.

The primary investment objective of the scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities with a maturity profile generally in line with the fund''s duration.

For Templeton Fixed Horizon Fund - Series III maturity period will be 2 years from the date of allotment. Where as for Templeton Fixed Horizon Fund - Series IV maturity period will be 3 years from the date of allotment. As it''s a close ended schemes there would not be an entry load charged on the scheme.

Templeton Fixed Horizon Fund - Series IV carries an exit load of 3% if its redeemed before 6 months from the date of allotment, 2.5% if redeemed before 12 from the date of allotment, 2% if redeemed before 18 months from the date of allotment, 1.5% if redeemed before 24 months from the date of allotment and 1% if redeemed before 30 moths from the date of allotment.