The Hindu Business Line : Templeton launches new fund to invest in small and mid-cap cos

FRANKLIN Templeton Mutual Fund announced on Thursday the launch of the Franklin India Smaller Companies Fund (FISCF) with the objective of investing in small cap and mid-cap companies.

The 5-year close-ended fund would open for public subscription from November 16 to December 15. It would provide for liquidity every six months. After five years, the fund would automatically become open-ended.

The investment philosophy of the new fund will be the same as for other funds but the main difference will be that the investment team can make decisions without the pressures of dealing with constant fund cash flow considerations.

"Given the liquidity levels and the stage of business cycle these companies (small-cap and mid-cap) belong to, one needs to take a long-term view to reap the complete benefits of potential growth. FISCF, through its closed end nature and focus on smaller companies, helps investors do exactly that," said Mr Ravi Mehrotra (President - India) Franklin Templeton.

He said one of the problems faced while investing in mid-cap and small-cap companies was the lack of adequate research.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Anagram Broking expansion in Kerala

One fell swoop on ELSS

Templeton launches new fund to invest in small and mid-cap cos

Bull domination

FII buying drives Sensex up 162 — Investors coming back, says dealers

Firm price, expansion plans push up sugar stocks

Stock split, bonus fuel rally in Cranes Software

FIIs allowed to invest in ARCs' security receipts

`Business of investing is not a one-day affair'

Sensex posts biggest gain in two weeks