Templeton India Mutual Fund has introduced a Daily Dividend Plan in Templeton India Liquid Fund and a Treasury Plan under Templeton IGSF. Both these plans will be available at Rs 10 on February 11, 2002 and at NAV thereafter.
The Daily Dividend Plan under the Liquid Fund will have the same investment pattern as that of the existing Liquid fund.
The Treasury Plan under the Government Securities Fund offers Growth and Quarterly Dividend options. The investment pattern will be similar to that of the Templeton IGSF. But it will maintain a substantially lower maturity profile as compared to that of the existing fund.
Both are no-load funds and require a minimum investment of Rs 1 lakh in each plan.