Franklin Templeton Mutual Fund revises exit load
Feb 20 2017
News Category: Exit Load Change
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Franklin Templeton Mutual Fund has revised the exit load of a number of its funds, namely Franklin India Short Term Income Plan, Franklin India Income Opportunities Fund, Franklin India Corporate Bond Opportunities Fund, Franklin India Dynamic Accrual Fund, and Franklin India Monthly Income Plan. For all the funds, no exit load will be charged up to 10% of the units redeemed within one year from the date of allotment. For redemption in excess of the above limit, an exit load of 0.50% will be charged under Franklin India Short Term Income Plan, if units redeemed on or before one year from the date of allotment. In case of Franklin India Income Opportunities Fund, an exit load of 3% will be charged if units redeemed on or before 12 months from the date of allotment; for redemption after 12 months but within 18 months, exit load will be 2%; for redemption after 18 months but within 24 months, exit load will be 1%. The revisions shall be effective from Feb 20.

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