27 May 2019 | 12:22 AM

News

COMPANYNEWS
Franklin India Overnight Fund floats on
  |
Published on 04-24-2019
Franklin Templeton Mutual Fund has launched a new Open Ended Growth scheme named Franklin India Overnight Fund with maturity period of 0 days from the launch date.


The New Fund Offer (NFO) price for the scheme is Rs 1000.00 per unit which will open for subscription from May 07 to May 08 2019.


According to the offer document filed with SEBI the entry and exit load is Nil.


The minimum application amount is Rs 5000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend Growth.


The fund manager of the scheme will be Pallab Roy while the performance of the scheme will be benchmarked against CRISIL Overnight Index.


The Scheme intends to provide reasonable income along with high liquidity by investing in overnight securities having maturity of 1 business day.