Templeton MF launches 2 new funds

Templeton MF launches 2 new funds

MUMBAI: Templeton Mutual Fund has launched two funds - a monthly income scheme namely Templeton Monthly Income Plan and the Franklin India Growth fund. The Templeton Monthly Income plan will declare dividends on a monthly basis while the growth fund will generate long term capital appreciation from a portfolio that is invested predominantly in growth oriented equity and equity related securities. Franklin India Growth fund is sponsored by the Franklin Templeton Group which manages US $ 218 billion in assets.