Franklin Templeton To Unveil Asian Equity Fund

Mumbai: Franklin Templeton Investments (India) will be unveiling a new open-ended equity fund called Franklin Asian Equity Fund. The fund will infuse in companies in the Asian region (excluding Japan) and Asia-related companies across market capitalisation regions. The new fund offer period will be open between November 19and December 18, at Rs 10 per unit plus the applicable load. The scheme will then be re-opened on January 17. The minimum investment for this fund will be Rs 5,000 and will be multiples of Re 1 thereafter. The entry for investments less than Rs 5 crore will be 2.25 per cent, whereas the exit load for investments less than Rs 5 crore is 0.5 per cent.