Franklin Templeton Asset Management India Unveils New India Debt Fund: Franklin India Ultra Short Duration Fund
Franklin Templeton Asset Management India Introduces a New India Debt Fund
In a significant move, Franklin Templeton Asset Management India plans to open its first-ever India debt fund, the Franklin India Ultra Short Duration Fund. This launch follows a substantial $3 billion freeze affecting the asset management industry, signaling a newfound confidence in India’s debt market.
Key Details of the Fund
- Opening Date: August 19, 2024
- Closing Date: August 28, 2024
- Objective: To offer liquidity with steadier returns through investments in short-duration debt instruments.
The establishment of this fund is a crucial step in facilitating investor participation in India's growing debt market. With the insights from Rahul Goswami and the team, this fund seeks to address the demand for innovative investment products.
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