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Wednesday, Aug 17, 2005

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Franklin launches Fixed Tenure Fund- Series II

MUMBAI: Franklin Templeton Investments (India) Ltd has launched a 60-month Fixed Tenure Fund-Series II plan, which would provide investors steady returns along with capital appreciation through equity exposure.

The new fund offer period is open till August 31 with an allotment date of September 9. The units would be available at Rs 10 per unit for cash at par, it said in a release.

The Chief Investment Officer (Equity), Mr Sukumar Rajah, said: "The fund would invest at least 70 per cent in debt instruments that are maturing in line with the duration of the fund. The balance 30 per cent will be invested in equities."

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