Change in name of Templeton MIP

Effective July 26, 2010, Templeton MIP will be renamed as Templeton India Low Duration Fund. The scheme will introduce a new option which will be named as “Growth”. The opening and the closing date for it will be July 26, 2010. Minimum investment amount under the option would be Rs.10,000 and it will charge an exit load of 0.50% if redeemed within 3 months from the date of allotment.

The asset allocation under the option would be 100 per cent of investment in debt including corporate debt, PSU bonds, Gilt and securitised debt, upto 20 per cent of investment in money market instrument and at the most 15 per cent of investment in equity and equity linked instruments.