Franklin Templeton revises load structure for switches under the following schemes:
Templeton India Growth fund, Templeton India Equity Income Fund, Franklin India Bluechip Fund, Franklin India Prima Fund, Franklin India Prima Plus, Franklin India Flexi Cap Fund, Franklin India Opportunities Fund, Franklin India High Growth Companies Fund, Franklin Asian Equity Fund, Franklin FMCG Fund, Franklin Pharma Fund, Franklin InfoTech Fund, Franklin India Taxshield, Franklin India Index Fund, FT India Balanced Fund, Templeton India Pension Plan and Templeton India Children’s Asset Plan.
The revised load would be as follows:
1) If the entry load paid for source and destination scheme is same, no entry load would be charged.
2) If entry load paid on source scheme is higher than the destination scheme, no entry load would be charged.
3) If entry load paid on source scheme is lower than the destination scheme, differential load would be charged.
The exit load would be charged as applicable in source scheme and no entry load would be charged by destination scheme for switches from any close-ended equity scheme of the fund house.