Franklin Templeton Mutual Fund has preponed the new fund offering (NFO) period of Templeton Fixed Horizon Fund - Series VII - Plan C to 19 March 2008. The fund was scheduled to close on 25 March 2008. Templeton Fixed Horizon Fund - Series VII - Plan C is close-ended income fund. The scheme seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities with a maturity profile generally in line with the fund's duration. Maturity date will be 385 days from the date of allotment i.e. 8 April 2009. The stipulated dates for redemption are at the end of 3rd, 6th, 9th month from the date of allotment as on following dates 19 June 2008, 19 September 2008, and 19 December 2008.
The scheme offers growth and dividend option. The minimum investment amount under retail plan is Rs 5000 and in multiple of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 1 crore and in multiple of Re 1 thereafter.
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