Franklin Templeton Mutual Fund has approved revision in the exit load structure under Templeton India Short Term Income Plan, with effect from 27 April 2009.
Accordingly, for the purchase units equal to or greater than Rs 25 crore, the scheme will charge 0.75% of exit load if redeemed within 4 months from the date of allotment. And for purchase of units less than Rs 25 crore, 0.50% if redeemed within 4 months from the date of allotment. Currently, the scheme is charging 0.50%, if redeemed within 3 months from the date of allotment.
Templeton India Short Term Income Plan is an open end income scheme to provide stable returns by investing in fixed income securities.
Accordingly, for the purchase units equal to or greater than Rs 25 crore, the scheme will charge 0.75% of exit load if redeemed within 4 months from the date of allotment. And for purchase of units less than Rs 25 crore, 0.50% if redeemed within 4 months from the date of allotment. Currently, the scheme is charging 0.50%, if redeemed within 3 months from the date of allotment.
Templeton India Short Term Income Plan is an open end income scheme to provide stable returns by investing in fixed income securities.
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