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Franklin Templeton Launches Fixed Tenure Fund

Franklin Templeton Investments (India) has launched Franklin Templeton Fixed Tenure Fund Series 1 (FTFTF) 60 Month Plan. The IPO opened on April 11 and continue till April 29, 2005. A close-end income fund, FTFTF would invest at least 70 per cent of its portfolio into debt and money market instruments, and the balance in equity and equity-linked instruments. The fund calls for a minimum investment of Rs 25,000.