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Wednesday, January 18, 2012

Franklin Templeton launches India Feeder Fund

Franklin Templeton has launched Franklin Templeton India Feeder - Franklin US Opportunities Fund, an open ended fund which will invest into the Luxembourg domiciled Franklin US Opportunities Fund (Master Fund), which in-turn invests in US based companies across different sectors

Franklin US Opportunities Fund (Master Fund) follows a combination of bottom up and top down approach and has major exposure to large cap US companies

The minimum investment amount is Rs. 5,000. It would carry 2% exit load if redeemed before one year. The fund will be benchmarked against Russell 3000 Growth Index

The fund opened for subscription on Tuesday, January 17, 2012 and closes on Tuesday, January 31, 2012. The scheme reopens for subscription on Tuesday, February 14, 2002
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