Franklin India Mutual Fund files offer document for Multicap Fund
Franklin India Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Franklin India Multicap Fund'. The offer rate is Rs 10 per unit. Entry load will be nil. In respect of each purchase of Units exit load will be 1%- if the Units are redeemed/switched-out within one year of allotment.
The Scheme offers Growth and Income Distribution cum capital withdrawal Plan (IDCW) Options for investment and minimum target subscription amount for the Scheme to be raised is Rs 10 crore.
The performance of the scheme will be benchmarked against Nifty 500 Multi Cap 50:25:25 Total Returns Index. The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.
The investment objective of the scheme is to generate long-term capital appreciation by investing in a portfolio of equity and equity related securities of large cap, midcap and small cap companies.
