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Mumbai : As per the market conditions, ‘Franklin India Multi Cap Fund’ has been introduced, which balances investment in largecap, midcap and smallcap companies, and one can invest in this equity fund from July 8 to July 22 (NFO) at Rs 10 per unit.
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Avinash Satwalekar, President, Franklin Templeton India, stated that over three decades of asset management experience will be put to good use in the new multi-cap fund, and expressed the view that given the overall growth potential of the Indian economy, there is a great opportunity for all types of companies to make progress here. He said that the ‘Franklin India Multi Cap Fund’ opens up the opportunity to the general investor to access a portfolio of companies with such significant growth potential. The fund’s investment style will be a blend of both growth and value concepts. R. Janakiraman, Kiran Sebastian, Akhil Kalluri and Sandeep Manam (Foreign Equity) will act as fund managers for the fund. ‘NIFTY 500 MIDCAP 50:25:25’ will be the benchmark index of this fund.
Source: Marathi