MUTUAL FUNDS
Franklin India Fund files offer document for Low Duration Fund
Feb-07-2025
Franklin India Fund has filed offer document with SEBI to launch an open-ended low duration debt scheme named ‘Franklin India Low Duration Fund’ .The New Fund Offer price would be Rs 10. Entry load and Exit load will be nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme will be benchmarked against NIFTY Low Duration Debt Index A-I. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the Scheme is to generate income by investing in debt and money market instruments, with Macaulay duration of the portfolio between 6 to 12 months.

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