Franklin Templeton India Launches First Fixed-Income Fund Since Fund Closure

New Fund Offer of Franklin India Ultra Short Duration Fund Opens on August 19

Fund to be Co-Managed by Rahul Gandhi and Santosh Kamath

Franklin Templeton India, a leading asset management company, has announced the launch of its first fixed-income fund since the winding up of six debt schemes in 2018. The new fund, named Franklin India Ultra Short Duration Fund (FIUSDF), will invest in a portfolio of short-term debt instruments with a maturity of less than one year.

The fund will be co-managed by Rahul Gandhi, Senior Fund Manager for Fixed Income, and Santosh Kamath, Chief Investment Officer for Fixed Income. Gandhi has over 18 years of experience in the financial services industry, while Kamath has over 25 years of experience in fixed income investing.

The new fund offer (NFO) of FIUSDF will open on August 19 and close on August 25. The minimum investment amount is Rs. 5,000 and investors can choose to invest through regular or direct plans.

• The fund will invest in a portfolio of short-term debt instruments with a maturity of less than one year.
• The fund will be co-managed by Rahul Gandhi, Senior Fund Manager for Fixed Income, and Santosh Kamath, Chief Investment Officer for Fixed Income.
• The fund will be offered through regular and direct plans.
• The minimum investment amount is Rs. 5,000.

Franklin Templeton India's decision to launch a new fixed-income fund reflects the company's confidence in the Indian debt market. The company believes that the fund will provide investors with an opportunity to earn attractive returns with low risk.

According to a recent report by CRISIL, the Indian debt market is expected to grow by 10-12% in the next five years. This growth will be driven by the government's focus on infrastructure development and the increasing demand for corporate debt.

Franklin Templeton India is a leading asset management company in India with over 25 years of experience. The company manages over Rs. 1 trillion in assets across a range of mutual funds, ETFs, and other investment products.