Franklin Templeton MF Launches 367 Days Plan - Sep 12, 2008

Franklin Templeton Mutual Fund launches Templeton Fixed Horizon Fund - Series XI-C on 12 September 2008. The initial offer period will be closed on 17 September 2008. The offer unit price is Rs 10 per unit. It is a close - ended income fund with tenure of 367 days from the date of allotment. The scheme will mature on 21 September 2009. The scheme seeks 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 367 days plan offers growth option and dividend option. The dividend option further offers payout facility. No entry load will be charged under the scheme, as it is of close-ended nature. The scheme will charge up to 2.5% exit load if redemption is done before maturity. Switch out of units on maturity will not apply any exit load. The minimum investment amount is Rs. 5000 and in multiples of Re 1 thereafter. The scheme seeks to collect Rs.1 crore during NFO period