Franklin India Multi Cap Fund NFO opens for subscription. Key things to know
Franklin Templeton Mutual Fund launches Franklin India Multi Cap Fund, an open-ended scheme investing across largecap, mid and smallcap stocks.
The new fund offer or NFO of the scheme is open for subscription and will close on July 22. The scheme will reopen for continuous sale and repurchase on July 31.
The investment objective is to generate long-term capital appreciation by investing in a portfolio of equity and equity-related securities of largecap, midcap and small cap companies.
The scheme will be benchmarked against Nifty 500 Multi Cap 50:25:25 Total Returns Index. The scheme will be managed by R. Janakiraman, Kiran Sebastian, Akhil Kalluri, Sandeep Manam.
The scheme will allocate 75-100% in equity and equity-related securities of largecap, midcap and smallcap companies, 0-25% in debt and money market instruments, cash and cash equivalent, and 0-10% in units issued by REITs and InvITs.
The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter.
The scheme is suitable for investors who are seeking long-term capital appreciation and want a fund that invests predominantly in equity and equity-related securities across largecap, midcap and smallcap stocks.
