Franklin Templeton Mutual Fund has introduced 'systematic withdrawal facility' under its Franklin India Taxshield Fund, effective immediately, the fund said in a newspaper notice.
Franklin India Taxshield Fund is an open-ended equity-linked savings scheme. Under the newly launched facility, investors can either withdraw a fixed amount, subject to a minimum of Rs 1,000, or the capital appreciation over the initial investment, on a monthly or quarterly basis. The latter is only be available under the growth plan of the above-mentioned scheme.