FRANKLIN TEMPLETON MUTUAL FUND has introduced the facility of buying and selling of units of Templeton India Corporate Bond Opportunities fund on the National Stock Exchange and Bombay Stock Exchange with effect from December 15. However, the investment amount cannot be more than Rs 1 crore.
IDBI MUTUAL FUND has introduced new features under IDBI Monthly Income Plan with effect from December 9. Besides existing facilities, the scheme will also offer a ‘Regular Cash Flow Plan' under the growth option of the above plan. This will provide investors the option of receiving regular income by way of either monthly or quarterly dividends on accumulated corpus or through a systematic withdrawal plan. However, this is available only for investment value of more than Rs 5 lakh and in multiple of Rs 1 lakh thereafter or if the duration of investment is more than five years.
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