Franklin Templeton MF has also announced changes to its mutual fund schemes to align with the SEBI Circular on scheme categorisation and rationalisation. Here are the details.
Interestingly, Franklin Templeton has retained almost all its schemes by pushing them into one category or other.
This is what they have done.
Equity Schemes Rationalisation by Franklin Templeton MF
Franklin India Flexicap fund has changed from being a flexi cap / multi cap fund to a large and mid cap fund. The Prima Fund and the Smaller companies fund will now have a more defined investment universe.
Debt Schemes Rationalisation
I had issued my own assumptions of how Franklin Debt funds would look like post rationalisation and quite a many of them have turned out that way.
The debt schemes undergo not only a name change but also a change in their fundamental attributes. As you will notice, the duration requirements for most of the funds has been clearly specified.
Hybrid & Other schemes
The other schemes only undergo a name change. Of course, this is the place where most of the funds of Franklin Templeton MF have found a new life.
What’s your take on this scheme rationalisation by the fund house? Does it make sense or is it just a farce? Do share in the comments.