Franklin Templeton Investments (India) has launched an open ended equity scheme-Franklin Build India Fund (FBIF). The face value of the new issue will be Rs 10 per unit. The new issue will open for subscription from July 10 - August 8, 2009. The NFO price for the fund is Rs 10 per unit. The fund will again re-open on September 7, 2009.
The Scheme seeks to achieve capital appreciation through investments in companies engaged either directly or indirectly in infrastructure-related activities. The Fund offers Growth & Dividend (Payout & Reinvestment). The minimum investment amount is Rs 5000 and thereafter in multiples of Re 1.
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