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Franklin Templeton Mutual Fund has launched its open-ended arbitrage fund — Franklin India Arbitrage Fund (FIAF).
The fund will invest 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.
Rajasa K, VP & Portfolio Manager, Emerging Markets Equity – India, Yogik Pitti, Senior Manager, Emerging Markets Equity – Trading and Pallab Roy, Portfolio Manager, India Fixed Income will manage this scheme.
In a press release, Avinash Satwalekar, President, Franklin Templeton–India, said, “Arbitrage funds in India are ideal for investors seeking short term income generation without exposing their investments to high risk. This fund is a valuable addition to our investment portfolio as we continue to expand our product suite to meet the varied needs of our investors based on their risk profile. As this is a low-risk fund, it is a valuable investment opportunity for both individual and institutional clients in India.”
