Franklin India Mutual Fund has filed offer document with SEBI to launch a close-ended debt scheme named as ' Franklin India Fixed Maturity Plans - Series 3 '. The New Fund Offer price is Rs 10 per unit. Entry load and exit load will be nil for the scheme.
The scheme offers Growth option, Growth Direct Option, Dividend Payout Option and Dividend Direct Option and seeks to collect a Minimum Target Amount of Rs 20 crore.
The scheme’s performance will be benchmarked, for plans with maturity period of 85 days up to 91 days: CRISIL Liquid Fund Index, for plans with maturity period of above 91 days up to 3 years: CRISIL short term bond fund Index, for plans with maturity period of above 3 years up to 7 years: CRISIL Composite Bond Fund Index and
for plans with maturity period of above 7 years: I- sec Libex Index. The minimum application amount is Rs 5,000 and multiples of Re 1 thereafter.
The primary investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities/ debt instruments maturing on or before the maturity of the Scheme.