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Franklin India Smaller Companies Fund turns Open-Ended

Franklin Templeton Mutual Fund has announced the conversion of Franklin India Smaller Companies Fund, a 5 year close-ended scheme into an open-ended scheme with effect from January 14, 2011.

Investors who wish to continue can do so without doing anything. However, investors who want to exit from the scheme can redeem their units or switched out on January 13, 2011.

New investments in the scheme will be subject to an exit load of 1 per cent if redeemed within 1 year from the date of allotment.