Franklin Templeton Mutual Fund has decided to wind up Templeton Quarterly Interval Plan – B, with effect form 29 June 2009. As per the fund house, the low interest rates on the back of aggressive monetary easing have resulted in a sharp reduction in demand for the Quarterly Interval Plan.
Hence, as a part of the ongoing product rationalisation exercise, the trustees of Franklin Templeton Mutual Fund have decided to cease Templeton Quarterly Interval Plan – B.
The fund house ceased to carry any business activities in respect of the scheme. It has also ceased to issue units in the plan and has also ceased to create or cancel units in the plan.
Hence, as a part of the ongoing product rationalisation exercise, the trustees of Franklin Templeton Mutual Fund have decided to cease Templeton Quarterly Interval Plan – B.
The fund house ceased to carry any business activities in respect of the scheme. It has also ceased to issue units in the plan and has also ceased to create or cancel units in the plan.
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