
Franklin Templeton is launching an equity fund called the Franklin India Flexi Cap Fund. The fund seeks to provide medium to long-term capital appreciation by investing in stocks across the entire market capitalisation range.
The initial issue period will be from January 17, 2005 to February 9, 2005, and the fund will open for ongoing purchase/redemption from March 7, 2005. The fund would offer both growth and dividend options.
The minimum investment has been fixed at Rs 5,000 and subsequent investments should be in the multiples of Rs 1,000.
It would charge an entry load of 2.25 per cent for investments up to Rs 5 crore. Above Rs 5 crore, an entry load of 0.50 per cent wold be applicable. No exit load would be charges for redemptions up to Rs 5 crore. Above Rs 5 crore, an exit load of 1 per cent would be levied if redeemed within one year of allotment.