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Parinaaz Hansotia

Mumbai, Jan. 25

Franklin Templeton Mutual Fund has sought Securities and Exchange Board of India’s approval for floating an open-ended infrastructure-related equity fund, according to information available on the market regulator’s Web site today.

Franklin Build India Fund will allocate at least 70 per cent of corpus inequities, minimum 65 per cent of which will be invested in companies related to the infrastructure sector.

The scheme will invest not more than 30 per cent of its assets in debt securities. The minimum investment is Rs 5,000 and it has both growth and dividend options. The fund is benchmarked against S&P CNX 500 Index. — © NewsWire18 Pvt. Ltd. 2008

More Stories on : New Fund Offer | Mutual Funds | Infrastructure

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Franklin MF plans infrastructure equity fund

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