Franklin Templeton's New Debt Fund: Ultra Short Duration Fund Launch in India
Monday, 19 August 2024, 03:25
Franklin Templeton's Exciting Return to the India Debt Market
In a significant move for investors, Franklin Templeton Asset Management India has introduced its first India debt fund after a hiatus following the 2020 crisis. The newly launched Franklin India Ultra Short Duration Fund will open for subscriptions from August 19 to August 28. Managed by Rahul Goswami, this fund is targeted at conservative investors with a one-to-six month horizon.
Key Features of the Franklin India Ultra Short Duration Fund
- Focus on low interest-rate and moderate credit risk
- Investments in corporate bonds, certificates of deposit, commercial papers, treasury bills, and government securities
- Weighted average maturity between three to six months
The fund's reentry comes at a pivotal time as India bolsters its credit markets, amidst a backdrop of declining bank loan ratios.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.