Franklin Templeton Introduces the Franklin India Medium-to-Long Duration Fund

News Desk, News Nation 360 : Franklin Templeton (India) has declared the opening of the Franklin India Medium to Long Duration Fund (FIMLDF), an open-ended medium-to-long-duration debt vehicle. With a four to seven-year tenure, the fund will seek to invest in debt and money market instruments such as bonds, certificates of deposit, treasury bills, non-convertible debentures, commercial papers, and government securities. Anuj Tagra, VP & Portfolio Manager, Franklin Templeton's India Fixed Income, and Chandni Gupta, VP & Portfolio Manager, will oversee FIMLDF. Commenting on the fund launch and its investment strategy, Chandni Gupta, Vice President & Portfolio Manager, India Fixed Income, Franklin Templeton, stated that with its dynamic management, FIMLDF can adapt its duration exposure to the macro environment. This might be a great option for investors who want to allocate money to fixed-income funds as part of a strategic investment portfolio. Units in the New Fund Offer will be offered for purchase for Rs. 10/-per unit from September 3, 2024, till September 17, 2024.

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