Franklin Templeton Mutual fund has filed an offer document with Securities and Exchange Board of India (Sebi) to launch Templeton Annual Interval Plan. The scheme is an interval income fund. The new issue price will be Rs 10 per unit. The fund will offer six plans- Plan A to F.
The investment objective of the scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities. Each plan may offer growth and dividend option. Dividend option will offer dividend reinvestment and payout facilities. The minimum application amount under the scheme will be Rs 5000 or any amount in multiples of Re 1 thereafter. The scheme seeks to collect Rs 1 crore as minimum subscription amount during NFO period in each plan.
The investment objective of the scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities. Each plan may offer growth and dividend option. Dividend option will offer dividend reinvestment and payout facilities. The minimum application amount under the scheme will be Rs 5000 or any amount in multiples of Re 1 thereafter. The scheme seeks to collect Rs 1 crore as minimum subscription amount during NFO period in each plan.
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