Franklin India Mutual Fund files offer Fixed Term Plan Series 5
Time - 21/09/2018 : 17:08
Franklin India Mutual Fund has filed offer document with SEBI to launch a close ended debt Fund named Franklin India Fixed Term Plan Series 5. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be nil for the scheme. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance for Plans with maturity period of 85 days up to 91 days will be benchmarked by CRISIL Liquid Fund Index, for Plans with maturity period of above 91 days up to 3 years will be benchmarked by CRISIL Short Term Bond Fund Index, for Plans with maturity period of above 3 years up to 7 years will be benchmarked by CRISIL Composite Bond Fund Index and for Plans with maturity period of above 7 years will be benchmarked by I- sec Libex Index. The minimum application amount for initial purchase is Rs 5,000 & Re 1 thereafter.
The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities/ debt instruments maturing on or before the maturity of the Scheme.
