| Franklin Templeton Mutual Fund | |
| Scheme Name | Franklin India Overnight Fund |
| Objective of Scheme | The Scheme intends to provide reasonable income along with high liquidity by investing in overnight securities having maturity of 1 business day. There can be no assurance that the investment objective of the scheme will be realized |
| Scheme Type | Open Ended |
| Scheme Category | Debt Scheme – Overnight Fund |
| New Fund Launch Date | 07-May-2019 |
| New Fund Offer Closure Date | 08-May-2019 |
| Minimum Subscription Amount | Rs. 5,000/- |
| For Further Details Please Visit Website | www.franklintempletonindia.com |
Source from: www.amfiindia.com
Types of Mutual Funds based on asset class
Debt Funds: These are funds that invest in debt instruments e.g. Company debentures, government bonds and other fixed income assets. They are considered safe investments and provide fixed returns. These funds do not deduct tax at source so if the earning from the investment is more than Rs. 10,000 then the investor is liable to pay the tax on it himself.
Types of Mutual Funds based on structure
Open-Ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically, these funds will allow investors to keep investing as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.
