Franklin Templeton MF extends NFO period

22 Oct 2008 | 10:44




Franklin Templeton MF extends NFO period


Franklin Templeton Mutual Fund has extended the closing date of the New
Fund Offer (NFO) of Templeton Fixed Horizon Fund - Series XI-Plan D to
3 November 2008. Earlier the scheme was supposed to close on 22 October
2008. The new fund launched for fresh subscription on 16 October 2008.

Accordingly,
date of allotment, maturity date and Stipulated dates for redemption
have also been revised. The date of allotment is revised to 4 November
2008. The scheme will have maturity period of 1 year i.e. on 6 November
2009.

To provide liquidity to investors, the Fund proposes to
provide repurchase facility at stipulated dates for redemption in case
of Plan D. Stipulated dates for redemption have been revised as
follows: At the end of the 3rd, 6th, 9th, month from the date of
allotment as given below: Revised dates are 5 February 2009, 5 May 2009
and 5 August 2009.

The scheme will charge up to 2.5% exit load
if redemption is done before maturity. Switch out of units on maturity
will not apply any exit load.

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