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Franklin India Mutual Fund Changes Exit Load Structure for Franklin India Arbitrage Fund

Updated on: Jan 8, 2025, 3:52 PM IST
Franklin India Arbitrage Fund revises exit load: 10% units load-free if redeemed within 30 days; 0.25% for excess units; effective January 6, 2025.
Franklin India Mutual Fund Changes Exit Load Structure for Franklin India Arbitrage Fund
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Franklin Templeton Mutual Fund has announced a revision in the exit load structure of the Franklin India Arbitrage Fund, effective January 6, 2025. This change will apply to all prospective investments in the scheme.

Revised Exit Load Provisions

The existing exit load structure was 0.25% for redemptions or switches made within 30 days of allotment and nil thereafter. Under the new provisions, the exit load structure has been revised to provide additional flexibility for investors.

  1. 10% Load-Free Redemptions
    For units purchased or switched, up to 10% of the units can be redeemed or switched without an exit load on or before 30 days from the allotment date.
  2. Exit Load on Remaining Units
    • 0.25% exit load will apply to redemptions or switches exceeding the 10% load-free units if these occur within 30 days from the allotment date.
    • No exit load will apply to units redeemed after 30 days from the date of allotment.

Key Implementation Details

  • First In, First Out (FIFO) Logic
    The selection of units for redemption will follow the FIFO method. This means the earliest purchased units will be considered redeemed first.
  • Transaction-Specific Calculation
    The waiver of the exit load will be calculated separately for each inflow transaction, not cumulatively across multiple inflows.
  • Unit Redemption Order
    Units purchased later will be eligible for load-free redemption only after all units from the initial purchase have been redeemed.

Effective Date

The revised exit load provisions will come into effect on January 6, 2025, and will apply to all investments made on or after this date. Investors are advised to review these changes and plan redemptions or switches accordingly to align with their financial strategies.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.

Published on: Jan 7, 2025, 3:50 PM IST

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