Thursday, April 13, 2006

Templeton India Equity Income Fund


Type Open-ended equity (diversified)
Benchmark BSE 200

Min. Investment Rs 5,000
Face Value Rs 10
Entry Load 2.25% (max.)
Exit Load 1.00% (max.)*
Issue Opens March 22, 2006
Issue Closes April 20, 2006

*For redemptions made within 6 months of allotment; 0.50% for amounts less than Rs 5 crore.
Fund Manager:-Dr.J.Mark Mobius
He currently directs the analysts based in Templeton's eleven emerging markets offices and manages the emerging markets portfolios. Dr. Mobius holds Bachelors and Masters Degrees from Boston University, and received his Ph.D. in Economics and Political Science in 1964 from the MIT.
Portfolio
TIEIF is mandated to invest 70%-100% of its assets in equities and equity-linked instruments. Of this, at least 20% will be in large domestic companies; the fund house has defined large companies as those which have a market capitalisation of Rs 13.5 bn and more. Other domestic companies can account for a maximum of 25% of TIEIF's net assets
Opinion
Looking into the past funds and their perfomances and their investment style,I think one can add this to the portfolio.Also investors, who have a flair for equity-oriented investments and are looking to diversify their assets across various economies and currencies, should consider adding the fund to their portfolios.

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