Franklin Templeton launches Franklin India Ultra Short Duration Fund

Franklin Templeton Investments was established in 1947. Asset management services have been offered by the company to retail, institutional, and high-value clients since its foundation.Mutual funds and other investment vehicles such as exchange-traded funds (ETFs), private funds, and separately managed accounts are all offered by it. The company offers schemes like equity, fixed income, multi-asset, and alternatives under these vehicles. Franklin Templeton Investments provides a platform for managing portfolios, trading, research, and investment risks.At the moment, Franklin Templeton has operations in more than 34 countries. The number of investment professionals is over 600 and the number of employees is over 9,500. The company is managing assets worth $724.1 billion worldwide.In 1996, Franklin Templeton Investments commenced operations in India under the name Templeton Asset Management India Pvt. Ltd. Under the registration number MF/026/96/8, SeBI recognizes the trust known as Franklin Templeton Mutual Fund as a trust.In September 1996, the company introduced the Templeton India Growth Fund as its initial fund. Franklin Templeton in India has completed 21 funds in 10 years and several others that have passed 20 years.Back in 2002, the company acquired another fundhouse, Pioneer ITI AMC Ltd. Pioneer and Investment Trust of India have formed a joint venture to become India’s largest mutual fund after Unit Trust of India.Franklin Templeton Mutual Fund has launched the Franklin India Ultra Short Duration Fund, which is available for investors and individuals with moderate credit risk for 3 to 6 months.

Franklin NFO offers:

After winding up six of its debt funds in April 2020, Franklin Templeton (India) announced the launch of its first fixed-income fund.Franklin India Ultra Short Duration Fund (FIUSDF) will invest in debt and money market instruments such as non-convertible debentures (NCDs), bonds, certificates of deposits, commercial papers, treasury bills and government securities such that the Macaulay duration of the portfolio is between three and six months.

The Franklin Templeton-India fund aims to provide returns that are comparable to moderate credit risk for both institutional and individual investors, as stated by the president of Franklin Templeton-India on August 16.On August 19th, the New Fund Offer (NFO) will begin and end on August 28th. Rs 10 will be charged for each unit.

Conclusion: Franklin short term fund management for 3 to 6 months will be great for the retail investors.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.