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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.

Disclaimer: iFAST and/or its content and research team’s licensed representatives may own or have positions in the mutual funds of any of the Asset Management Company mentioned or referred to in the article, and may from time to time add or dispose of, or be materially interested in any such. This article is not to be construed as an offer or solicitation for the subscription, purchase or sale of any mutual fund. No investment decision should be taken without first viewing a mutual fund's scheme information document including statement of additional information. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Investors should seek for professional investment, tax, and legal advice before making an investment or any other decision. Past performance and any forecast is not necessarily indicative of the future or likely performance of the mutual fund. The value of mutual funds and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. Please read our disclaimer on the website.Please read our disclaimer in the website. Risk Factors: Mutual funds, like securities investments, are subject to market risks and there is no guarantee against loss in the Scheme or that the Scheme’s objectives will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on various factors and forces affecting capital markets. Past performance of the Sponsor/the AMC/the Mutual Fund does not indicate the future performance of the Scheme. The name of the Scheme does not in any manner indicate the quality of the Scheme, its future prospects or returns. Please read the Statement of Additional Information and Scheme Information Document carefully before investing.



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