Franklin Templeton MF launches new debt scheme

Franklin Templeton Investments (India) is planning to launch a new open-ended income fund Franklin India Banking & PSU Debt Fund (FIBPDF).

As per the mutual fund house, the new scheme seeks to provide regular income through a portfolio of debt and money market instruments consisting predominantly of securities issues by entities such as banks and public sector undertakings (PSUs), a company release said.

The new fund offer will open for subscription on April 2 and close on April 16, 2014.

"Domestic corporate bond market is just 14 per cent of GDP compared to 40-70 per cent in various developed countries. We believe there is huge potential for growth in the domestic bond market, thus providing attractive opportunities for the conservative, medium term investor.

"The new scheme aims to provide regular income to the investor, thus helping with wealth preservation," Managing Director (India and CEEMEA) of Franklin Templeton Investments, Vivek Kudva said.

The fund house also said the investment strategy of the new scheme is well-suited to current market conditions with a potential to deliver superior returns.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture