The New Fund Offer (NFO) opened on November 20, 2024, and will close on December 4, 2024. Units are priced at ₹10 during the NFO period.
The fund will reopen for regular transactions on December 4, 2024.
The fund aims to maintain a Macaulay duration of over seven years.
It will be managed by Chandni Gupta and Anuj Tagra, portfolio managers specialising in India Fixed Income.
Chandni Gupta, Vice President & Portfolio Manager, India Fixed Income, Franklin Templeton, said, “The fund focuses on a diversified portfolio of sovereign and high-grade corporate bonds with conservative credit management. It employs a tactical duration strategy to benefit from falling interest rates, offering potential capital gains.”
Anuj Tagra, Vice President & Portfolio Manager, India Fixed Income, Franklin Templeton, added “This fund suits investors willing to take on higher interest rate risk while keeping credit risk low. It emphasises portfolio liquidity and aims to deliver superior risk-adjusted returns through accrual income and potential capital gains.”
Features and benefits
Minimum Investment: ₹5,000 for fresh purchases, ₹1,000 for additional purchases.
SIP Option: Starting at ₹500 per month.
Exit Load: None.
Benchmark: CRISIL Long Duration Debt A-III Index.
The fund targets income generation and capital appreciation through long-term investments in debt and money market instruments.
Avinash Satwalekar, President of Franklin Templeton India, highlighted the fund’s role in the company’s fixed-income suite.
“This strategy focuses on high-quality credit backed by disciplined investment and risk management. It caters to both individual and institutional investors seeking asset class diversification,” he said.
Franklin Templeton is among India’s leading foreign fund houses, managing diverse mutual fund schemes. Globally, it oversees $1.63 trillion in assets as of October 31, 2024, offering expertise across asset classes.