Templeton India Low Duration Fund has proposed to change the asset allocation pattern, investment strategy and benchmark index, with effect from November 29, 2010.
- The fund proposes to invest 10% to 80% of its assets in Corporate Debt, PSU Bonds, Gilts and Securitised Debt, and 20% to 90% of its assets in money market instruments. The fund would strive to earn steady returns in the fixed income market by actively managing the portfolio while maintaining a low duration.
- The fund will be benchmarked against CRISIL Short - Term Bond Fund Index
- It will be jointly managed by Sachin Padwal-Desai and Umesh Sharma.