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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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