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Templeton India Corporate Bond Opportunities Fund - NFO

 

Franklin Templeton Mutual Fund has launched another open-end income fund: Templeton India Corporate Bond Opportunities Fund.

 

Investment Objective


The scheme will primarily invest in medium and short term securities issued by corporates. It will focus on corporate bonds with moderate maturity and relatively higher accruals. Its average maturity will never exceed three years.

 

Fund Manager


Mr. Umesh Sharma and Mr. Sachin Padwal-Desai will manage the fund together.


Mr. Umesh Sharma is a Commerce Graduate and a CS and CA. Prior to this, he has worked with ICICI Bank Ltd. as Research Analyst and with UTI and JM AMC as a Dealer.

Mr. Desai is an engineer and an MBA from IIM, Bangalore. He has also worked with ICICI Bank, Infosys Technologies and Thermax.

Mr. Sharma and Mr. Desai manage almost all debt funds and FMPs, together with other fund managers.
 
Fund House

Franklin Templeton Mutual Fund has around Rs 36,000 crores of assets under management as on September 30, 2011. Half of these are under fixed income funds.
 
Basic Details

NFO Opens: November 15, 2011
NFO Closes: November 29, 2011
NFO Price: Rs.10/-
Options: Growth & Dividend (Payout & Reinvestment)
Minimum Application Amount: Rs. 5000 and in multiples of Re.1 thereafter
Cap on Investment: Rs.5 crore per application per day
Exit Load: 3% if redeemed within 12 months, 2% if redeemed after 12 months but within 24 months and 1% if redeemed after 24 months but within 30 months from the date of allotment
Benchmark: Crisil Short Term Bond Fund Index
Fund Manager: Umesh Sharma and Sachin Padwal-Desai
 

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