Templeton's two new schemes

By Our Staff Correspondent

MUMBAI, JAN. 14. Templeton Asset Management (India) has launched two schemes, Templeton Monthly Income Plan (TMIP) and Franklin India Growth Fund (FIGF). Both the issues will be open from January 24 to February 7. Announcing the launch of the schemes here, Mr. Rajiv Vij, Country Head & CEO of Templeton Asset Management said that Franklin India Growth Fund is an open-end equity fund with the objective of generating long term capital appreciation from a portfolio invested predominantly in growth- oriented stocks. The Templeton Monthly Income Plan would be investing primarily in fixed income securities. This Fund offers the convenience of monthly dividends.

An open-end income fund, the TMIP's objective is to earn regular income through investments of about 85 per cent in the debt market and about 15 per cent in the equity market. According to Mr. Vij, the funds investments of 85 per cent in debt and money market instruments helps the steady growth of principal with minimal risk and the 15 per cent component in the equity market give the potential to enhance the earnings from equity investments.

Send this article to Friends by E-Mail

Section  : Business
Previous : Ampersand's growth plans
Next     : Tea Assn. urges Govt. to monitor imports