Franklin Templeton Mutual Fund Launches New Equity Savings Scheme Franklin Templeton Mutual Fund has launched a new open ended equity, arbitrage and debt scheme called Franklin India Equity Savings Fund. The NFO (New Fund Offer) opens for subscription from August 03, 2018 and closes subscription on August 17, 2018. The investment objective of the new Equity Savings scheme is to generate long-term capital appreciation by investing in equity and equity related instruments. The Scheme also aims to generate income by investing in fixed income securities, and in arbitrage and other derivative Strategies. The minimum application amount of the Franklin India Equity Savings Fund scheme is 5,000 Rupees for the initial investment and in multiples of one Rupee thereafter. The minimum additional amount is 1000 Rupees and in multiples of one Rupee thereafter. The new Equity Savings scheme of Franklin Templeton Mutual Fund offers both Regular and Direct Plans with Dividend and Growth options. The Dividend option has dividend re-investment and Payout options. The performance of the Franklin India Equity Savings Fund will be benchmarked against Nifty Equity Savings Index. The Fund Managers of the scheme are Lakshmikanth Reddy for Equity Portion, and Sachin Padwal-Desai and Umesh Sharma for Debt Portion. Srikesh Nair will be the Dedicated Fund Manager for Overseas Investments. The new fund will invest 65 percent to 90 percent of assets in equity & equity related securities, of which 15 percent to 65 percent of assets in equity derivatives with high risk profile and up to 75 percent of assets in equity derivatives with medium risk profile. The scheme will invest 10 percent to 35 percent of asset in debt and money market securities including cash and cash equivalent with low to medium risk profile. It will further invest up to 10 percent asset in Units issued by REITs and InvITs with medium to high risk profile. The new scheme of the Franklin Templeton Mutual Fund aims to collect a minimum subscription amount of 10 crore Rupees under the scheme during the New Fund Offer period, according to IIFL. The post Franklin Templeton Mutual Fund Launches New Equity Savings Scheme appeared first on OWLT Market.

Franklin Templeton Mutual Fund has launched a new open ended equity, arbitrage and debt scheme called Franklin India Equity Savings Fund. The NFO (New Fund Offer) opens for subscription from August 03, 2018 and closes subscription on August 17, 2018.

The investment objective of the new Equity Savings scheme is to generate long-term capital appreciation by investing in equity and equity related instruments. The Scheme also aims to generate income by investing in fixed income securities, and in arbitrage and other derivative Strategies.

The minimum application amount of the Franklin India Equity Savings Fund scheme is 5,000 Rupees for the initial investment and in multiples of one Rupee thereafter. The minimum additional amount is 1000 Rupees and in multiples of one Rupee thereafter.

The new Equity Savings scheme of Franklin Templeton Mutual Fund offers both Regular and Direct Plans with Dividend and Growth options. The Dividend option has dividend re-investment and Payout options.

The performance of the Franklin India Equity Savings Fund will be benchmarked against Nifty Equity Savings Index.

The Fund Managers of the scheme are Lakshmikanth Reddy for Equity Portion, and Sachin Padwal-Desai and Umesh Sharma for Debt Portion. Srikesh Nair will be the Dedicated Fund Manager for Overseas Investments.

The new fund will invest 65 percent to 90 percent of assets in equity & equity related securities, of which 15 percent to 65 percent of assets in equity derivatives with high risk profile and up to 75 percent of assets in equity derivatives with medium risk profile.

The scheme will invest 10 percent to 35 percent of asset in debt and money market securities including cash and cash equivalent with low to medium risk profile.

It will further invest up to 10 percent asset in Units issued by REITs and InvITs with medium to high risk profile.

The new scheme of the Franklin Templeton Mutual Fund aims to collect a minimum subscription amount of 10 crore Rupees under the scheme during the New Fund Offer period, according to IIFL.

The post Franklin Templeton Mutual Fund Launches New Equity Savings Scheme appeared first on OWLT Market.

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