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E-mail ID will not be published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

  • Rejigged FIIS could help our farmers tide over yet another dull monsoon

    India is an agrarian economy with one-third of its population depending on the agriculture sector directly.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Kumar Jain

Nations need both guns and grains

As Buddha said: “Words without context have no meaning.” Quoting ...

Kuruvilla Pandikattu SJ

Bored out of your wits? Get creative

Have you been truly bored? “So bored your mind churns ...

Gautam Gupta

Indian designers can learn a lot from Benetton

I was reading an article in the magazine about Benetton ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture