Date:16/11/2007 URL: http://www.thehindu.com/2007/11/16/stories/2007111656522000.htm

Business - Briefly

New open-end equity fund from Franklin

MUMBAI: Franklin Templeton Investments (India) is launching Franklin Asian Equity Fund (FAEF), a new open-end equity fund. The fund invests in companies in the Asian region (except Japan) and Asia-related companies across market capitalisation ranges. The New Fund Offer (NFO) period will be from November 19 to December 18. Units will be available at Rs. 10 per unit (plus applicable load) during the period. The minimum investment is Rs. 5,000 and in multiples of Re. 1 thereafter. — Special Correspondent