Franklin Templeton Mutual Fund has announced the launch of Plan B and Plan D under Franklin Templeton Fixed Tenure Fund-Series X (FTFTF-X), a closed ended income fund.
The Plans will be launched on 13 August 2008 and NFO will close on 18 September 2008. Date of allotment is fixed as 29 September 2008. However the tenures of the plans differ as Plan B will have a tenure of 3 years from the date of allotment and its date of maturity is 28 September 2011. Whereas the tenure of Plan D is 5 years from the date of allotment and its date of maturity is 30 September 2013.
The Plans offer choice of two options-Growth option and Dividend option (Payout facility only). Purchases in Plan B and D should be of minimum Rs 10,000.
The Plans will be launched on 13 August 2008 and NFO will close on 18 September 2008. Date of allotment is fixed as 29 September 2008. However the tenures of the plans differ as Plan B will have a tenure of 3 years from the date of allotment and its date of maturity is 28 September 2011. Whereas the tenure of Plan D is 5 years from the date of allotment and its date of maturity is 30 September 2013.
The Plans offer choice of two options-Growth option and Dividend option (Payout facility only). Purchases in Plan B and D should be of minimum Rs 10,000.
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