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Lock in Period Reduced in Franklin India Index Fund


With effect from 1st October 2001, all subscriptions in Franklin India Index Fund will be subject to a lock-in period of 10 calendar days from the date of purchase as against the present lock-in period of 20 calendar days from the date of purchase. All subscriptions in this scheme received upto 30th September 2001 will continue to have a lock in period of 20 calendar days. The load structure in Franklin India Index Fund with effect from 1st October 2001 would be as follows. There will be no entry load but an exit load of 1 % would be charged for redemptions upto Rs 10 lakhs and redeemed within 12 months of investment.