NFO Alert: Franklin Templeton Mutual Fund launches arbitrage fund
Franklin India Arbitrage Fund,an open-ended arbitrage fund.
The new fund offer or NFO of the scheme is open for subscription and will close on November 18. The scheme will re-open for continuous sale and repurchase on November 21.
The fund will aim to achieve capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of equity markets, as well as arbitrage opportunities within the derivative segment, with the remainder allocated to debt and money market instruments, according to a release by the fund house.
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The fund will be benchmarked against Nifty 50 Arbitrage Index. The scheme will be managed by Rajasa K, Yogik Pitti, and Pallab Roy.
The minimum investment amount for lumpsum investment is Rs 5,000 and for SIP is Rs 500.
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