Mumbai: The scheme will also change its investment strategy. It will now primarily invest in debt-oriented and arbitrage mutual fund schemes. Earlier, it followed a multi-asset approach, investing in equity, debt, and gold-linked funds.
Franklin Templeton Mutual Fund will change the fundamental attributes of its Franklin India Multi-Asset Solution Fund of Funds (FoF). Starting July 4, 2025, the fund will be renamed Franklin India Income Plus Arbitrage Active FoF.
The scheme will also change its investment strategy. It will now primarily invest in debt-oriented and arbitrage mutual fund schemes. Earlier, it followed a multi-asset approach, investing in equity, debt, and gold-linked funds.
Franklin Templeton said the move aims to deliver stable returns with lower risk, aligning with changing investor preferences and market conditions.
Investors who disagree with the changes can exit the scheme without paying any exit load from June 4 to July 3, 2025. The fund house has issued a formal notice and addendum to inform unitholders.
This is a fundamental change, and investors should review their portfolio to ensure the revised scheme matches their financial goals and risk appetite.
In a separate development, Groww Mutual Fund has launched a new exchange-traded fund (ETF) — the Nifty 500 Low Volatility 50 ETF — to offer investors a way to gain from stable, low-volatility stocks.
The new fund offering (NFO) opened on July 29, 2024, and will close on August 2, 2024.
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