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Templeton GSF Introduces PF Plan

Templeton Mutual Fund introduces a PF Plan under the Templeton India Government Securities Fund effe

Templeton Mutual Fund introduces a PF Plan under the Templeton India Government Securities Fund effective April 19, 2004. The scheme is open for subscription from April 19 to May 7, 2004. It will re-open for sales and repurchase from May 12, 2004. The fund will have two options Growth and Dividend. The minimum amount for subscription in PF Plan is Rs.25000 and additional investments is Rs 5000. The fund wound not charge any entry load but an exit load of 0.35% if redeemed within 6 months. (this will apply for fresh and additional purchases, and not on appreciation reinvested).

The new PF Plan will have the same portfolio as that of the existing TGSF and hence the same investment objectives and investment pattern as that of the existing TGSF.

Investors in this fund can prescribe a maturity date at the time of investment, or at a later date. Moreover, investors have the flexibility to change the time of investment twice in a financial year, provided that the same is communicated to the fund's office at least 3 business days before the maturity date.

Investors can also opt for the appreciation withdrawal option either at the time of investing or at a later date. Under the appreciation withdrawal option, investors can choose to withdraw the capital appreciation at three frequencies: quarterly, half-yearly and annually. Investors can choose to withdraw or reinvest such appreciation back into their account. For all additional purchases, the investor may choose to provide a maturity date either at the time of investment or at a later date. Systematic Investment Plan facility will be available in this plan.

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