The Hindu Business Line : Update

Franklin Templeton Investment India has launched Franklin Build India Fund, an open-ended equity scheme. The scheme will invest in stocks of companies engaged either directly or indirectly in infrastructure-related activities. The minimum investment amount under the fund is Rs 5,000 . The scheme will charge an entry load of 2.25 per cent for investment of less than Rs 5 crore. An exit load of 1 per cent will be levied for investments less than Rs 5 crore if the same is redeemed within a year. The scheme will be benchmarked against S&P CNX 500. The NFO will close on August 8.

UTI Top 100 Fund has declared tax-free dividend of 10 per cent. The record date is July 14. .

DSP Black Rock Mutual Fund has launched DSP Black Rock World Energy Fund. The offer closes on July 31. The scheme will seek to invest in the units of BlackRock Global Funds – World Energy Fund and BlackRock Global Funds – New Energy Fund. The entry load charged under the regular plan is 2.25 per cent for investment amount less than Rs.5 crore. The scheme will levy an exit load of 1 per cent if the investment is redeemed within six months and 0.5 per cent if the investment is redeemed after six months but before one year. The scheme will be benchmarked against MSCI World Index.

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