Franklin Templeton to merge various equity schemes

FMCG Fund and Pharma Fund to merge in Prima Plus Fund and Index Tax Fund into Index Fund – NSE Nifty Plan

Mumbai: Franklin Templeton Mutual Fund has decided to merge Franklin FMCG Fund and Franklin Pharma Fund into Franklin India Prime Plus Fund and Franklin India Index Tax Fund into Franklin India Index Fund – NSE Nifty Plan with effect from September 9, 2011.

After the merger, features of the schemes will remain unchanged.  Investors, who do not agree with the revision, have an option to redeem or switch their units between August 8, 2011 and September 9, 2011, without paying any exit load.