Franklin Templeton Mutual Fund has extended the closing date of the New Fund Offer (NFO) of Templeton Fixed Horizon Fund - Series XI-Plan D to 3 November 2008. Earlier the scheme was supposed to close on 22 October 2008. The new fund launched for fresh subscription on 16 October 2008. Accordingly, date of allotment, maturity date and Stipulated dates for redemption have also been revised. The date of allotment is revised to 4 November 2008. The scheme will have maturity period of 1 year i.e. on 6 November 2009.
To provide liquidity to investors, the Fund proposes to provide repurchase facility at stipulated dates for redemption in case of Plan D. Stipulated dates for redemption have been revised as follows: At the end of the 3rd, 6th, 9th, month from the date of allotment as given below: Revised dates are 5 February 2009, 5 May 2009 and 5 August 2009.
To provide liquidity to investors, the Fund proposes to provide repurchase facility at stipulated dates for redemption in case of Plan D. Stipulated dates for redemption have been revised as follows: At the end of the 3rd, 6th, 9th, month from the date of allotment as given below: Revised dates are 5 February 2009, 5 May 2009 and 5 August 2009.
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