Franklin Templeton launches Build India Fund
Franklin Templeton Investments (India), is launching a new open end equity fund called Franklin Build India Fund (FBIF).
By ET Bureau |
MUMBAI: Franklin Templeton Investments (India), is launching a new open end equity fund called Franklin Build India Fund (FBIF). The fund invests in companies operating in various sectors that are critical for building the Indian economy. The New Fund Offer will be open from July 10 and will close on August 8.
During the NFO period, units will be available at Rs.10 per unit (plus applicable load).
On the occasion. Harshendu Bindal, President, Franklin Templeton India said, "The Indian economy has exhibited resilience amidst the global weakness witnessed over the last year. However, we need to enhance the key building blocks of the economy to sustain and enhance economic growth rates. Increasing investments in areas such as physical & social infrastructure, resources, financial services, and agriculture will benefit a plethora of companies across sectors."
Franklin Build India Fund provides investors a single point access to a portfolio of companies taking advantage of these multiple themes and helps them benefit from the potential to generate superior risk-adjusted returns over the long term. It provides adequate diversification compared to a single sector fund.
During the NFO period, units will be available at Rs.10 per unit (plus applicable load).
On the occasion. Harshendu Bindal, President, Franklin Templeton India said, "The Indian economy has exhibited resilience amidst the global weakness witnessed over the last year. However, we need to enhance the key building blocks of the economy to sustain and enhance economic growth rates. Increasing investments in areas such as physical & social infrastructure, resources, financial services, and agriculture will benefit a plethora of companies across sectors."
Franklin Build India Fund provides investors a single point access to a portfolio of companies taking advantage of these multiple themes and helps them benefit from the potential to generate superior risk-adjusted returns over the long term. It provides adequate diversification compared to a single sector fund.
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