Franklin Templeton Mutual Fund has approved the revision in the exit load structure under Templeton India Short Term Income Plan, with effect from April 27, 2009. Accordingly, the scheme will charge an exit load of 0.75% for the purchase units equal to or greater than Rs 25 crore, if redeemed within 4 months from the date of allotment.However, for purchase of units less than Rs 25 crore, an exit load of 0.50% will be charged if redeemed within 4 months from the date of allotment. Currently, the scheme is charging 0.50%, if redeemed within 3 months from the date of allotment.
Templeton India Short Term Income Plan is an open end income scheme with an aim to provide stable returns by investing in fixed income securities.
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