Franklin Templeton mutual fund has launched Templeton Fixed Horizon Fund - Series X-D (TFHF-X-D). It is a close - ended income fund with tenure of 3 months from the date of allotment. The scheme will open for subscription from 6 October to 8 October. The face value of scheme is Rs 10 per unit. The date of allotment will be 10 October 2008 and the scheme will mature on 9 January 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 scheme offers growth option and dividend option. The dividend option further offers payout facility. 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.
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 scheme offers growth option and dividend option. The dividend option further offers payout facility. 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.
No comments:
Post a Comment