Franklin Templeton Investments launches Banking & PSU Debt Fund
March 28, 2014
NFO Update from Franklin Templeton Investments
Author : iFAST Content Team
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Franklin Templeton Investments has launched a New Fund Offer (NFO) - Franklin India Banking & PSU Debt Fund (FIBPDF), which is an open-ended Income Fund. The NFO is open till April 16, 2014. The fund will be managed by Umesh Sharma and Sachin Padwal-Desai. The fund’s benchmarks will be CRISIL Composite Bond Fund Index. According to the NFO communiqué, the salient features of this fund are:
FIBPDF will follow an active investment strategy, and will focus on fixed income investment opportunities issued by Banks and PSUs.
It aims to generate optimum accrual return and minimize interest rate volatility in the portfolio.
It seeks to keep credit risk low by investing primarily in higher quality instruments.
The fund may also seek exposure in Gilt Securities and State Development Loans in order to maintain an optimum balance of yield, safety and liquidity.
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