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Templeton changes Load in its Debt Funds

Templeton Mutual Fund has effected changes in the two of its debt funds-: Templeton India Income Fund (TIIF)and Templeton Monthly Income Plan (TMIP). The new load structure will come in effect from July 16, 2001.

While the entry in both the funds will continue on a no-load basis, TIIF will charge an exit load of 0.50% for redemption made within 6 months as against the current time-period of three months. Redemption from TMIP will not be subject to any kind of load, as against the current CDSC load of 0.50% for redemption effected within 6 months.