Franklin India International Fund tops MF schemes last week
Bangalore: The open ended scheme, Franklin India International Fund tops the mutual fund (MF) schemes last week with a growth rate of 1.33 percent. As on January 21, 2010, the net asset value (NAV) of the scheme was 
11.93.
The investment objective of this scheme is to give investors access to a portfolio of U.S. Government Securities. The scheme invests in units of Franklin U.S. Government Fund, an international mutual fund scheme from Franklin Templeton, investing predominantly in securities issued or backed by the U.S. Government. According to mutualfundsindia.com, other schemes which followed Franklin India International Fund in top list are Templeton India Government Securities and ICICI Prudential Gilt Fund Investment Plan with growth rates of 0.8 and 0.7 percent, respectively.
The minimum investment for the scheme is 1,00,000 and there is no any entry load charge. The face value of scheme is fixed at 10 per unit.
Recently The Wall Street reported that over the next 20 years, a lot of money moved out of banks to mutual funds as investors were looking for higher growth compared to low bank interest rates. The mutual fund industry in India is beginning to come of age now. While it has grown significantly over the last decade, its still small compared to say, where the U.S. fund industry is now, with assets of $11 trillion.
11.93.
The investment objective of this scheme is to give investors access to a portfolio of U.S. Government Securities. The scheme invests in units of Franklin U.S. Government Fund, an international mutual fund scheme from Franklin Templeton, investing predominantly in securities issued or backed by the U.S. Government. According to mutualfundsindia.com, other schemes which followed Franklin India International Fund in top list are Templeton India Government Securities and ICICI Prudential Gilt Fund Investment Plan with growth rates of 0.8 and 0.7 percent, respectively.
The minimum investment for the scheme is 1,00,000 and there is no any entry load charge. The face value of scheme is fixed at 10 per unit.
Recently The Wall Street reported that over the next 20 years, a lot of money moved out of banks to mutual funds as investors were looking for higher growth compared to low bank interest rates. The mutual fund industry in India is beginning to come of age now. While it has grown significantly over the last decade, its still small compared to say, where the U.S. fund industry is now, with assets of $11 trillion.