Franklin Templeton Mutual Fund launches Franklin India Fixed Maturity Plans Series 1 Plan C

Mutual Fund
Jun 13, 2017 by Advisorkhoj Team | Mutual Fund | 3 Downloaded

NFO period: 12th June – 15th June, 2017

Highlights of the NFO:

  • Scheme type – A Close-ended debt fund

  • Investment objective – 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. However, there can be no assurance that the investment objective of the scheme will be realized.

  • Product suitability – The product is suitable for investors who are seeking income over the term of the plan. A fund that invests in Debt/Money Market Instruments.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – The scheme proposes to launch 3 Plans (A-C) under the scheme of tenure ranging between 85 days and 3700 days. The duration of the Plans under the Scheme will be decided at the time of launch.

  • Each Plan under the Scheme offers following option:

    • Growth

    • Growth – Direct

    • Dividend (with Payout Facility only)

    • Dividend - Direct (with Payout Facility only)

    Further, Plan(s) with a maturity of over 365 days also offers following additional option:

    • Quarterly Dividend (Payout Option only)

    • Quarterly Dividend – Direct (Payout Option only)

  • Fund Manager – Mr. Umesh Sharma and Mr. Sachin Padwal-Desai

  • Benchmark –

    • For Plans with maturity period of 85 days up to 91 days – Crisil Liquid Fund Index.

    • For Plans with maturity period of above 91 days up to 3 years – Crisil Short Term Bond Fund Index.

    • For Plans with maturity period of above 3 years up to 7 years – Crisil Composite Bond Fund Index.

    • For Plans with maturity period of above 7 years – I-sec Libex Index

  • Maturity – 1104 days from the date of allotment

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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