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Franklin Templeton MF Changes Load Structure


Franklin Templeton Mutual Fund has changed the load structure for the following schemes for the SIP (Systematic Investment Plan), STP (Systematic Transfer Plan), SWP (Systematic Withdrawal Plan) and DTP (Dividend Transfer Plan) transactions, as per the details given below. The new load structure will come into effect from July 6, 2005.

Names of the schemes to which the new load structure will be applicable

Franklin India Bluechip Fund (FIBCF)
Templeton India Growth Fund (TIGF)
Franklin India Prima Plus (FIPP)
Franklin India Prima Fund (FIPF)
Franklin India Flexi Cap Fund (FIFCF)
Franklin India Taxshield (FIT)
Franklin India Index Fund (FIIF)
Franklin Infotech Fund (FIF)
Franklin FMCG Fund (FFF)
Franklin Pharma Fund (FPF)
Franklin India Opportunities Fund (FIOF)
FT India Balanced Fund (FTIBF)
Templeton India Pension Plan (TIPP)
Templeton India Children's Asset Plan (TICAP)
FT India Life Stage Fund of Funds (FTLF)
FT India Dynamic PE Ratio Fund of Funds (FTDPEF)
Templeton India Income Fund (TIIF)
Templeton India Income Builder Account (TIIBA)
Templeton Monthly Income Plan (TMIP)
FT India Monthly Income Plan (FTIMIP)
Templeton India Government Securities Fund (TGSF)
Templeton Floating Rate Income Fund (TFIF)
Templeton India Short-Term Income Plan (TISTIP)
Templeton India Treasury Management Account (TITMA)



Description
    Entry Load  Exit Load*  
  Schemes where the entry load for normal purchases# exceeds 1% 1% Equal to the entry load applicable to normal purchases#, as reduced by 1% 
  Schemes where the entry load for normal purchases# is equal to or less than 1% 50% of the entry load applicable for normal purchases# Equal to 50% of the entry load applicable for normal purchases# 
  Templeton India Pension Plan Nil Equal to the entry load applicable for normal purchases# ** 
  Franklin India Taxshield 1% 1%*** 
 

   

* if redeemed within 2 years (730 calendar days) of the allotment date applying 'First in First Out' basis, or in case the SIP/STP is prematurely terminated before completion of the minimum term for any reason, as the AMC may deem fit.

** investors cannot redeem before completion of the lock-in period. Additionally, an exit load applicable, if any, at the time of redemption shall be levied.

*** investors cannot redeem before completion of the lock-in period.

# normal purchases are purchases at the minimum subscription amount specified for each respective scheme, other than purchases through SIP, STP(in), DTP(in) or Exchange/ Switch(in)

Further, the minimum account balance amount to start the STP facility in Templeton India Short-term Income Plan (TISTIP), Templeton India Treasury Management Account (TITMA) (except Institutional Plan) and Short Term Plan of Templeton Floating Rate Income Fund (TFIF) stands changed from Rs. 1,00,000 to Rs 12,000.

The minimum application amount for Fresh Purchases, Additional Purchases and Switches in TFIF - Short Term Plan, TISTIP and Templeton India Government Securities Fund (TGSF) - Treasury Plan stands changed to Rs 5,000 from Rs 1,00,000 with effect from July 06, 2005.