Personal Finance

Investment Alerts : NFO from Franklin Templeton

| Updated on May 06, 2019 Published on May 06, 2019

Franklin Templeton is launching an open-ended debt scheme that invests in overnight securities. Called Franklin India Overnight Fund (FIONF), the fund intends to provide reasonable income with high liquidity by investing in overnight securities having a maturity of one business day. The fund offers both growth and dividend (weekly and daily payout) options. FIONF has no lock-in period and exit load.

The offer will be open from May 7 to May 8 during which units will be available at ₹1,000 per unit. The scheme will be open for continuous sale and repurchase sale on May 10. The minimum investment for fresh and additional purchases are ₹5,000 and ₹1,000 respectively.

c:set var="prUrl" value="" />

Read further by subscribing to

The Hindu Businessline

What You'll Get

  • Web + Mobile

    Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.

  • Exclusive portfolio stories and investment advice

    Gain exclusive market insights from the Hindu Businessline's research desk.

  • Ad free experience

    Experience cleaner site with zero ads and faster load times.

  • Personalised dashboard

    Customize your preference and get a personalized recommendation of stories based on your intrest.

This article is closed for comments.
Please Email the Editor