Franklin Templeton mutual fund has commenced launch of Franklin Templeton Fixed Horizon Fund -IX -Plan E on 8 August 2008. The initial offering period will close for subscription on 20 August 2008. The tenure of the fund will be 18 months from the date of allotment. The date of maturity will be 22 February 2010. The NFO price is Rs 10 per unit. The investment objective of the scheme would be 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.
The scheme offers growth and dividend option. The dividend option further provides dividend payout facility. The scheme will charge an exit load of 3.00% up to completion of 6 months. The scheme will charge an exit load of 2.50% upon completion of 6 months but before completion 9 months, 2.00% upon completion of 9 months but before completion of 12 months, 1.50% upon completion of 12 months but before completion of 15 months. Upon completion of 15 months but before maturity, it may ask 1.00% an exit load. No exit load will be charged for the switch out/ redemption on maturity. The minimum investment amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme may invest up to 100% in debt securities and money market instrument .The exposure in securitised debts shall be up to 100%. The scheme makes exposure in derivatives up to a maximum of 50%. The scheme has identified Crisil Short Term Bond Fund Index as the benchmark. Pallab Roy and Vivek Ahuja will manage the scheme.
The scheme offers growth and dividend option. The dividend option further provides dividend payout facility. The scheme will charge an exit load of 3.00% up to completion of 6 months. The scheme will charge an exit load of 2.50% upon completion of 6 months but before completion 9 months, 2.00% upon completion of 9 months but before completion of 12 months, 1.50% upon completion of 12 months but before completion of 15 months. Upon completion of 15 months but before maturity, it may ask 1.00% an exit load. No exit load will be charged for the switch out/ redemption on maturity. The minimum investment amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme may invest up to 100% in debt securities and money market instrument .The exposure in securitised debts shall be up to 100%. The scheme makes exposure in derivatives up to a maximum of 50%. The scheme has identified Crisil Short Term Bond Fund Index as the benchmark. Pallab Roy and Vivek Ahuja will manage the scheme.
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