Franklin Templeton MF Announces Change in Fundamental Attributes of Templeton Monthly Income Plan

Franklin Templeton Mutual Fund has announced change in Fundamental Attributes of Templeton Monthly Income Plan with effect from 26 July 2010. The following are the proposed changes.

Revised Name of the Scheme: Templeton India Low Duration Fund

Type of Plan Introduced: Growth Plan.

Asset Allocation Pattern: The scheme would allocate upto 100% of assets in debt including corporate debt, PSU, Gilts and Securitized debt with low to medium risk, upto 20% in Money Market instruments with low risk profile and up to 15% in Equity and Equity linked schemes with medium to high risk profile.

Load Structure: Entry load charge will be nil for the scheme. Exit load charge will be 0.50% of the NAV if investors who redeem/switch out such investments within 3 months from the date of allotment.

Minimum Application/Redemption Amount: Minimum investment Rs 10000 additional/redemption amount of Rs 1000.

This addendum forms an integral part of the Scheme Information Document. All the other terms and conditions will remain unchanged.

Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24