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Load Revised in Templeton Floating Long-term

Templeton Mutual Fund has revised the load structure under the Templeton Floating Rate Income - Long-term Plan. Currently the fund carries no entry load but an exit load of 0.50 per cent if redeemed within 6 months for investment up to Rs.10 lakh and 0.25 per cent if redeemed within 1 months for investment above Rs 10 lakh. Effective from today i.e. April 28, 2004 onwards, the fund will charge an exit load of 0.30 per cent for investment amount up to Rs 10 lakh and redeemed within 6 months.