Franklin Templeton Mutual Fund - Citi IndiaFranklin Templeton Asset Management (India) Pvt. Ltd....

Franklin Templeton Asset Management (India) Pvt. Ltd.

Franklin Templeton Mutual Fund

KEY INFORMATION MEMORANDUM AND COMMON APPLICATION FORM

FOR OPEN END INCOME AND LIQUID FUNDS

Offer for units on an ongoing basis at a Net Asset Value (NAV) based price

The Key Information Memorandum is dated June 27, 2017. This Key Information Memorandum (KIM) sets forth the information, which a prospective investor

ought to know before investing. For further details of the Scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’

rights & services, risk factors, penalties & pending litigations etc. investors should, before investment, refer to the Scheme Information

Document and Statement of Additional Information available free of cost at any of the Investor Service Centres or distributors or from the

website www.franklintempletonindia.com. This KIM shall remain effective until a 'material change' (other than a change in fundamental attributes and within the purview of the KIM) occurs and thereafter Material changes will be filed with SEBI.

The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations 1996, as

amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered for public subscription have not been

approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM.

Sponsor: Templeton International Inc., Florida, USA.

Asset Management Company: Franklin Templeton Asset Management (India) Pvt. Ltd. (CIN - U67190MH1995PTC093356)

Sr.

No.Fund Name

1. Franklin India Dynamic Accrual Fund (FIDA)

Product Labeling

This product is suitable for investors who are seeking*

Nature of scheme &

indicative time horizon

Medium term capital appreciation with current income

A fund that focuses on fixed income securities with high accrual and potential for capital gains

Brief about the investment

objective & kind of product

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

Riskometer

Moderate

Low

High

Moderat

ely

Low

ModeratelyHigh

Investors understand that their principal will be at moderate risk

LOW HIGH

2. Franklin India Income Builder Account (FIIBA)


A long bond fund – focuses on Corporate/PSU Bonds.

3. Franklin India Short Term Income Plan (FISTIP)

Regular income for medium term A fund that invests in short term corporate bonds including PTCs

4. Franklin India Ultra Short Bond Fund (FIUBF)

Regular income for short term A fund that invests market instruments

in short term debt and money

5. Franklin India Government Securities Fund (FIGSF)


A fund that invests in Indian government securities

6. Franklin India Low Duration Fund (FILDF)

Regular income for short term An income fund focusing on low duration securities.

7. Franklin India Monthly Income Plan (FIMIP) (with no assured returns)


An MIP investing predominantly in debt instruments with marginal equity exposure

8. F r a n k l i n I n d i a I n c o m e Opportunities Fund (FIIOF)


A fund that invests across the yield curve - focusing on high accrual securities

9. Franklin India Corporate Bond Opportunities Fund (FICBOF)

Medium to long term capital appreciation with current income

A bond fund focusing on corporate securities

10. Franklin India Banking & PSU Debt Fund (FIBPDF)

Regular Income for medium term An income fund that invests predominantly in debt and money market instruments issued by Banks and Public Sector Undertakings.

11. Franklin India Savings Plus Fund (FISPF)

Regular income for short term A fund that invests primarily in floating and short term fixed rate debt instruments

Riskometer

Moderate

Low

High

Moderat

ely

Low

ModeratelyHigh

Investors understand that their principal will be at moderately low risk

LOW HIGH

Riskometer

Moderate

Low

High

Moderat

ely

Low

ModeratelyHigh

Investors understand that their principal will be at low risk

LOW HIGH

12. Frank l in Ind i a Trea sury Management Account (FITMA)

Regular income for short term A liquid fund that invests in short term and money market instruments

13. F r a n k l i n I n d i a C a s h Management Account (FICMA)

Regular income for short term A liquid fund that invests in short term and money market instruments

www.franklintempletonindia.comTo know more, call your Mutual Fund distributor or visit

EVERY PORTFOLIO NEEDSSOME STABILITY Invest in Debt Mutual Funds to give your investments the stability it needs. Choose from our wide range of �xed income funds based on your investment tenure, risk pro�le or life goals.

APPLICATION FORM FOR NEW INVESTORS (Please read Product labeling details available on cover page and instructions before filling this Form)

ACKNOWLEDGEMENT SLIP

Advisor ARN / RIA code Sub-broker/Branch Code Sub-broker ARN Representative EUIN For office use only

Sl No.

The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFI registered distributor) directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder. Applicable only if ARN is mentioned but EUIN box is left blank: “I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker.” Applicable only if RIA Code is mentioned: “I / We hereby give you my/our consent to share/provide the transactions data feed/portfolio holdings/ NAV etc. in respect of my/our investments under Direct Plan of all Schemes managed by you, to the SEBI-Registered Investment Adviser whose code is mentioned herein.”

Sl. No.

Scheme Name Plan/Option Payment Details

Received from___________________________________________________________________________________________________________________________________________Pin_____________________________

Amount Cheque/DD No. Date

Bank and Branch details



___________________________________ ____________________________ ____________________________

_________________________________________________________________________________________________________________

___________________________________ ____________________________ ____________________________

_________________________________________________________________________________________________________________

My Name (Should match with Aadhaar Card) PAN/PEKRN (1st Applicant)

MY DETAILS (To be filled in Block Letters. Please provide the following details in full; Please refer instructions)

KYC

Date of BirthMinor’s

On behalf of Minor(* Attach Mandatory Documents as per instructions). Proof attached *

Guardian named is :

Father Mother Court Appointed

Date of Birth

My Guardian’s Name (if minor)/POA/Contact Person PAN/PEKRN ( POA)Guardian/ KYC

JOINT APPLICANTS (IF ANY) DETAILS

2nd Applicant Name ( )Should match with Aadhaar Card PAN/PEKRN (2nd Applicant) KYC

3rd Applicant Name ( )Should match with Aadhaar Card PAN/PEKRN (3rd Applicant)

Single Joint Either or Survivor(s) [Default]Mode of Operation :

I am a first time investor in mutual funds (Rs.150 will be deducted). I am an existing mutual funds investor (Rs.100 will be deducted).

D D / M M / Y Y

KYC

Documents attached to avoid Third Party Payment Rejection, if applicable: Bank Certificate, for DD Third Party Declarations

Full Scheme/Plan/Option

Payment through NACH (Attach NACH form) |

MY INVESTMENT DETAILS (Cheque/DD should be in favour of “Scheme Name”. Default plan/Option will be applied incase of no information, ambiguity or discrepancy)

Payment Mode Drawn on Bank/BranchAmount / Each SIP Amount

Less DD charges

Rs.

Less DD charges

Rs.

First SIP Cheque Date:End Date SIP Period Start Date m m y y y y/

Name/Branch:

A/c no.

Name/Branch:

A/c no.

IF YOU OPT TO START TWO SIP’S, THE BELOW MENTIONED DETAILS WILL BE APPLICABLE FOR BOTH THE SIP’S.

Cheque/DD

No.

RTGS NEFT

Funds transfer

Cheque/DD

No.

RTGS NEFT

Funds transfer

OR m m y y y y /

| Investment Frequency Monthly(default) Quarterly SIP Date: will be considered as the default date)th(If left blank 10 D D

Step-up my SIP annually by: Increase in %: (in multiples of 5%) (Amount invested will be rounded off to the nearest Rs. 100)

or Increase in Rupee Value: (in multiples of Rs. 500)

Continue Until Cancelled

TRANSACTION CHARGES (Refer instructions and tick the appropriate option) Applicable for transactions routed through distributors/agents/brokers who have opted to receive transaction charges.

DECLARATIONHaving read and understood the contents of the Statement of Additional Information (SAI) of Franklin Templeton Mutual Fund (FTMF), respective Scheme Information Document (SID); Key Information Memorandum (KIM), the Addenda issued therein till date (together referred as Scheme Documents) and after evaluating and acknowledging the risk factors, I / we hereby apply to the Franklin Templeton Trustee Services Pvt. Ltd., Trustees to the schemes of FTMF for units of scheme(s) of FTMF as indicated above, and agree to abide by all applicable laws and the terms and conditions mentioned in the Scheme Documents. Notwithstanding the generality of the aforesaid undertaking, I/We hereby confirm that (i) I /we am/are not a ‘US Person’ and are not applying for Units on behalf of any ‘US Person’ (ii) the money used for investment is my/our own and from legitimate sources (iii) the tax residency status (FATCA/CRS) and UBO details mentioned above are true and correct and (iv) the ARN holder has disclosed the details of commissions (in the form of trail commission or any other mode), offered by competing schemes of various mutual funds falling in the category of scheme(s) being recommended to me/us and I / we have not received nor been induced by any rebate or gifts, directly or indirectly in making this investment and are not in contravention or evasion of any applicable laws. I/ We further agree to hold FTMF, Franklin Resources Inc. its subsidiary and associate entities including their employees, directors and key managerial persons (collectively referred as Franklin Templeton) harmless against any losses, costs, damages arising out of any actions undertaken or activities performed by them in accordance with the Scheme Documents and for any consequences in case of any of the above particulars being false, incorrect or incomplete or for the activities performed by them in good faith or on the basis of information provided by me/us as also due to my/ our not intimating / delay in intimating such changes. I/We hereby authorise Franklin Templeton to use, disclose, share, remit in any form, mode or manner, all / any of the information provided by me/ us, including all changes, updates to such information as and when provided by me/ us alongwith the details of investment made by me/us, to any of its agents, service providers, representatives or distributors or any other parties located in India or outside India or any Indian or foreign governmental, statutory, regulatory, administrative or judicial authorities / agencies without any obligation of advising / informing me/us of the same. I/ We hereby agree to keep the information provided to Franklin Templeton updated and to provide any additional information / documentation that may be required by Franklin Templeton, in connection with this application. I/We hereby provide my/our consent in accordance with Aadhaar Act, 2016 and regulations made thereunder, for (i) collecting, storing and usage (ii) validating/authenticating and (ii) updating my/our Aadhaar number(s) in accordance with the Aadhaar Act, 2016 (and regulations made thereunder) and PMLA. I/We hereby provide my consent for sharing/disclosing of my/our Aadhaar number including demographic information with the asset management companies of SEBI registered mutual fund and their Registrar and Transfer Agent (RTA), KRA(s) & Central KYC Registry for the purpose of updating the same in the folios linked to my/our PAN.

Sole / First Unit Holder Second Unit Holder Third Unit Holder

Date _____________________________________ Place ____________________________________

My Additional SIP Details

MY CONTACT DETAILS (As per KYC records. )To be filled in Block Letters

City State

Email ID (in capital)

Mobile +91 Tel (STD Code)

Pin Code(Mandatory)

a. Residential & Business

b. Residential

c. Businessd. Registered Office

Address Type (Mandatory)

Landmark

Address

Form ID: 0118

Lumpsum SIP Plan: Regular Direct

Option: Growth Dividend Payout Dividend Reinvestment



ADDITIONAL INFORMATION

Applicant

1st

2nd

3rd^G or POA

KIN No. (If KYC done via CKYC) #Date of Birth

#Date of Birth - Mandatory if CKYC ID mentioned. ^ ^ +G: Guardian; POA: Power Of Attorney If Aadhaar number is not assigned Aadhaar enrollment number and proof to be provided.

+Aadhaar No. Gender

M F

M F

M F

M F

D D / M M / Y Y

D D / M M / Y Y

D D / M M / Y Y

D D / M M / Y Y

QuickChecklist

N ame, Address are correctly mentioned

E mail ID / Mobile number are mentioned

KYC information provided for each applicant

FATCA/CRS details provided for each applicant

Full scheme name, plan, option is mentioned

Pay-In bank details and supportings are attached

Nomination facility opted

Additional documents provided if investor name is

not pre-printed on payment cheque or if

Demand Draft is used.

Non Individual investors should attach

FATCA Details and Declaration Form

UBO Declaration Form

Form is signed by all applicants

Proof of relationship with minor

1800 425 4255 or 6000 4255 (from 8 am to 9 pm, Monday to Saturday) [email protected] www. franklintempletonindia.com

Corporate Documents/ Trust Deed

2nd ApplicantSole/ 1st ApplicantDetails Guardian/POA3rd Applicant

FATCA/CRS/UBO DETAILS: For Individuals (Mandatory). Non Individual investors including HUF should mandatorily fill separate FATCA/CRS/UBO details form

Place & Country of Birth

Are you a tax resident of any country other than India?

Nationality

If Yes: Mandatory to enclose FATCA /CRS Annexure

Yes No Yes No Yes No Yes No

DEPOSITORY ACCOUNT DETAILS (Optional. To be filled if investor wishes to hold the units in Demat mode). Refer instructions.

NOMINATION DETAILS (In case of more than one nominee, please submit a separate nomination form available with any of our ISCs or on our website). Refer instructions.

OR I/We DO NOT wish to nominate and sign here

Nominee Name and Address For Minor Nominee (Mandatory to attach DOB Proof)

DOB Guardian Name & AddressAllocation Nominee/ Guardian Signature

100 % X

(To be signed by all the joint holders irrespective of the mode of holdings.)________________________________________________________________________________________________________________________

NSDL: DP Name DP ID I N Beneficiary Ac No.

CDSL: DP Name Beneficiary Ac No.

Please ensure that the sequence of names as mentioned in this Application Form matches with the sequence of names in the Demat account. Enclosed (Mandatory) Client Master List OR DP statement

BANK ACCOUNT DETAILS (Avail Multiple Bank Registration Facility)

MICR code (9 digit)(This is a 9 digit number next to your cheque number)

City

My Bank Name

Bank A/C No.

Pin

IFSC code: (11 digit)

Branch Address

A/C Type Savings Current NRE NRO FCNR Others________

PoA Documents

KNOW YOUR CUSTOMER (KYC) DETAILS (Mandatory. Please Tick/ Specify. The application is liable to get rejected if details not filled.)

Related to PEP Not ApplicablePolitically Exposed Person (PEP) details: Is a PEPst1 Applicantnd2 Applicantrd3 Applicant

GuardianAuthorised Signatories

Promoters

Partners

Karta

Whole-time Directors/Turstee

¨ ¨ ¨

¨ ¨ ¨

¨ ¨ ¨

¨ ¨ ¨

¨ ¨ ¨

¨ ¨ ¨

¨ ¨ ¨

¨ ¨ ¨

¨ ¨ ¨

¨¨¨¨¨¨¨¨

¨¨¨¨¨¨¨¨

¨¨¨¨¨¨¨¨

¨¨¨¨¨¨¨¨

Below 1 lac1-5 lac5-10 lac10-25 lac25 lac- 1 cr1 -5 cr5 - 10 cr

Gross Annual Income Range (in Rs.)

> 10 crOR Networth in Rs. (Mandatory for Non Individual) (not older than 1 year)

___________as on

___________as on

___________as on

___________as on

D D M M Y Y D D M M Y Y D D M M Y Y D D M M Y Y

Resident IndividualNRI/PIO/OCISole Proprietorship

Minor through Guardian

Others (Please specify)

Non Individual

Status details forst1 Applicant nd2 Applicant rd3 Applicant Guardian

¨ ¨ ¨ ¨¨ ¨ ¨ ¨

¨ - - -

¨ - - -

Company/Body Corporate Partnership

¨ Trust Society¨ HUF

Bank AOP FI/FII/FPI

_____________ _____________ _____________ _____________

Occupation details for

Private Sector

Public Sector

Government Service

Business

Professional

Agriculturist

Retired

Housewife

Student

st1 Applicant nd 2 Applicant rd3 Applicant Guardian

¨ ¨ ¨ ¨

¨ ¨ ¨ ¨

¨ ¨ ¨ ¨

¨ ¨ ¨ ¨

¨ ¨ ¨ ¨

¨ ¨ ¨ ¨

¨ ¨ ¨ ¨

¨ ¨ ¨ ¨

¨ ¨ ¨ ¨

Others (Please specify) _____________ _____________ _____________ _____________

Email Id.

Mobile No.

nd2 Applicant rd3 Applicant G or POADetails




Sl No.


Sl. No.







___________________________________ ____________________________ ____________________________

_________________________________________________________________________________________________________________

___________________________________ ____________________________ ____________________________

_________________________________________________________________________________________________________________



KYC



Guardian named is :


Date of Birth







D D / M M / Y Y

KYC






Less DD charges

Rs.

Less DD charges

Rs.


Name/Branch:

A/c no.

Name/Branch:

A/c no.


Cheque/DD

No.

RTGS NEFT

Funds transfer

Cheque/DD

No.

RTGS NEFT

Funds transfer

OR m m y y y y /








Date _____________________________________ Place ____________________________________



City State



Pin Code(Mandatory)


b. Residential



Landmark

Address

Form ID: 0118






Applicant

1st

2nd

3rd^G or POA



+Aadhaar No. Gender

M F

M F

M F

M F

D D / M M / Y Y

D D / M M / Y Y

D D / M M / Y Y

D D / M M / Y Y

QuickChecklist






















Nationality








100 % X







City

My Bank Name

Bank A/C No.

Pin


Branch Address


PoA Documents




Promoters

Partners

Karta


¨ ¨ ¨

¨ ¨ ¨

¨ ¨ ¨

¨ ¨ ¨

¨ ¨ ¨

¨ ¨ ¨

¨ ¨ ¨

¨ ¨ ¨

¨ ¨ ¨

¨¨¨¨¨¨¨¨

¨¨¨¨¨¨¨¨

¨¨¨¨¨¨¨¨

¨¨¨¨¨¨¨¨




___________as on

___________as on

___________as on

___________as on





Non Individual


¨ ¨ ¨ ¨¨ ¨ ¨ ¨

¨ - - -

¨ - - -



Bank AOP FI/FII/FPI

_____________ _____________ _____________ _____________


Private Sector

Public Sector

Government Service

Business

Professional

Agriculturist

Retired

Housewife

Student


¨ ¨ ¨ ¨

¨ ¨ ¨ ¨

¨ ¨ ¨ ¨

¨ ¨ ¨ ¨

¨ ¨ ¨ ¨

¨ ¨ ¨ ¨

¨ ¨ ¨ ¨

¨ ¨ ¨ ¨

¨ ¨ ¨ ¨


Email Id.

Mobile No.


Please read the Scheme Information Document containing the terms of offer. All applicants are deemed to have accepted the terms subject to which the offer is being made and bind themselves to the terms upon signing the Application Form and tendering the payment.

1. Investors already having an account in any Franklin Templeton scheme can provide either their Customer Folio Number or Account Number and first applicant name in the space provided. Such investors need to be filled ‘Personal Details’ only if there is change in existing details already given in the folio or account.

2. The application form must be completed in BLOCK LETTERS in ENGLISH. More than one scheme can be applied for in the same application form, but with separate cheques for each scheme.

3. Alterations in Application Form: Any changes/alterations in the Application Form must be countersigned by the investor(s). The Mutual Fund/AMC will not be bound to take cognisance of any changes/alterations if the same are not so countersigned.

4. Investments under Power of Attorney (POA): In case investors have issued a Power of Attorney (POA) for transacting with Franklin Templeton on their behalf, the signatures of the investor and the POA holder must be clearly available in the POA document for the POA to be accepted as a valid document.

5. Signatures should be in English or in any of the Indian languages. Thumb impressions must be attested by a Magistrate/Notary Public under his/her official seal. In case of HUF, the Karta will sign on behalf of the HUF

6. PEKRN allowed only for investments through Micro investment route in lieu of KYC and PAN. Also in this case it is mandatory to attach contact details slip available on website. Copy of the KYC acknowledgement issued by KRA is mandatory for all Investors (including Sikkim Resident) irrespective of the amount of investment. For investments through Micro investment route, address proof and identity proof is required to be submitted .

7. For Minors, please provide following documents for evidencing the relationship:- Father/Mother – Photocopy of the certificate mentioning the date of birth of the Minor and Parent’s Name; Legal Guardian – Court Order. In case of investments held in the name of a minor, no joint holders / nomination will be registered. The minor, acting through the guardian, should be the first and sole holder in the Folio/Account. –

8. Please verify and ensure the accuracy of the bank details provided in the form and as shown in your account statement. Franklin Templeton cannot be held responsible for delays or errors in processing your request if the information provided is incomplete or inaccurate. The registered bank will be the default bank and all redemptions / dividends proceeds will be processed into default bank through electronic payment facility. Please provide the full account no. *For more details on RTGS/NEFT/IFSC/MICR codes, please refer detailed instructions.

9. Separate cheque/demand draft required for each investment, drawn in favour of scheme name e.g. “Franklin India Bluechip Fund” . Please refer to the KIM for more details scheme name(s) and the plan/option. Investors in Franklin India Pension Plan are requested to also fill in the option exercise form available at the ISC. If you have an existing account in the scheme mentioned in the form, this purchase will be treated as an additional purchase in the same account.

10. Mode of payment:-

a. For Resident Investors

- For Resident Investors - by local cheque/ draft deposited with any Franklin Templeton branch/ Collection Centres or transfer/ electronic transfer to Franklin Templeton Mutual Fund Account

- Applicants from places where there is no Franklin Templeton branch/ Collection Centres can deduct DD charges from the application amount (except in case of Liquid funds) provided these drafts are payable at locations where the application is submitted to a Franklin Templeton branch/Collection Centre. Applicants may send their application along with bank draft to the Investor Service Centre/Collection Centre. However, DD charges shall be limited the bank charges stipulated by The State Bank of India. The AMC will not accept any request for refund of Demand Draft charges. Please note that the reimbursement of DD charges will not apply to Liquid Schemes.

- Investors are instructed NOT to make cash payments. No outstation cheques or post-dated cheques will be accepted. Applications with outstation cheques/post dated cheques may be rejected. Outstation cheques may be accepted by Franklin Templeton provided the location (ISC/Collection Centre) at which such outstation cheques are accepted is covered under the Speed Clearing facility offered by the Reserve Bank of India (RBI). Further, the outstation cheques would be accepted only if the cheques are drawn on a bank branch which is enabled for Speed Clearing. For the list of eligible location and bank b r a n c h e s , p l e a s e v i s i t t h e R B I w e b s i t e a t http://www.rbi.org.in/scripts/FAQView.aspx?Id=72.

- Cheques should be drawn in favour of the Scheme name A/c For e.g, “Franklin India Bluechip Fund”, Templeton India Growth Fund”, “Franklin India Prima Plus”. Separate cheques should be sent for each scheme / plan. The fund is not obliged to represent dishonored cheques or inform the investor / investor’s agent about it.

b. For Non-Resident Investors:

- by NRE/NRO account cheque from a bank located at places having a Franklin Templeton branch. Please provide a photocopy of the cheque along with the application form if investment is made through a NRE/NRO account.

- by Rupee draft purchased abroad payable at locations where the application is submitted to Franklin Templeton branch/ Collection Centre - by wire transfer/inward remittance to Franklin Templeton Mutual Fund’s account with Citibank, Fort, Mumbai.

c. Foreign Institutional Investors and International Multilateral Agencies shall pay their subscription by direct remittance from abroad or out of their special Non Resident Account,

maintained with a designated bank in India. RTGS/NEFT details for Fund Transfer to Franklin Templeton's collection account through RTGS / NEFT , for which the details will be as follows:

• While filling in the Credit Account Number / Beneficiary Account Number please ensure that it has

minimum of 11 digits and does not cross 20 digits (including the four digit code). This is mandatory and the Bank is likely to reject the transaction if this is not complied with. So kindly take care.

• Also ensure that there are no spaces or special characters while filling up the Credit Account No./Beneficiary Account Number.

11. Exit Load:

For investments under the new ‘Direct’ plan, the Exit load applicable shall be the same as the exit load applicable in the respective Scheme/Scheme Portfolio. The applicability of exit load in respect of switches between plans and options within the same Scheme will be as follows:

Nature of investment Exit Load applicability

Existing and new Switch to Direct will beinvestments made permitted subject to applicableunder a Distributor code exit load, if any

Existing and new No load will be charged oninvestments made switches to Direct.without a Distributor code

Investment made under No load will be charged on Direct route on or after switches from Direct to otherJanuary 01, 2013 plans and options under the

Scheme available for investmentunder a Distributor code.

For determining whether an investment was made under a Distributor code or not, the Distributor code as per the records of the AMC/Registrar on the date of the switch transaction will be considered.

12. Change of Broker code:

Request for change of broker code in Direct Plan i.e. from Direct to ARN code will not be entertained. However, investors desirous of such change can opt for a plan change by submitting a switch request to the regular scheme. Investors in existing schemes can submit a Switch Request to move the units to Direct Plan

13. Verification and registration of bank account: Ensure that the bank details furnished in the Application Form are as per the bank account details registered with Franklin Templeton Mutual Fund, failing which the investor will be required to submit such supporting documents as may be specified by the AMC for the purpose of verification and validation of the bank account. The AMC reserves the right to deny the request for registration of a bank account for the investor’s Folio in case the investor fails to submit the necessary document to the satisfaction of the AMC.

14. In case of application by a limited company or a body corporate or an eligible institution or a registered society or a trust or a partnership firm under a Power of Attorney or otherwise, the original Power of Attorney duly notarized or a certified true copy thereof or the relevant resolution or authority to make the application / redemption as the case may be, or certified true duly thereof, along with a certified copy of the Memorandum and Articles of Association and/or bye laws and/or trust deed and/or partnership deed (as the case may be) and Certificate of Registration / Incorporation should be submitted. The officials should sign the application under their official designation. In case of a Trust, it shall submit a certified true copy of the resolution from the Trustee(s) authorizing such purchases / redemption.

15. As per SEBI Circular SEBI/IMD/CIR No.11/78450/06 dated October 11, 2006, FTMF hereby declare all its branch offices [Investor Service Centres (ISC)], the designated branch offices of Karvy Computershare Private Limited (Karvy) and Computer Age Management Services Private Limited (CAMS) (termed as C o l l e c t i o n C e n t r e s ) a n d F T M F ’ s w e b s i t e (www.franklintempletonindia.com) as the Official Points of Acceptance of Transactions ("OPAT"). Additionally, the Secured internet site hosted or managed by CAMS will also be OPAT in respect of the transactions routed through the distributors who have registered for this facility (in accordance with the terms and conditions, as may be prescribed from time to time). Further, MF Utilities India Private Limited (MFUI) website www.mfuonline.com and authorised MFUI POS updated on www.mfuindia.com will be considered as OPAT. The "cut off time" mentioned in the Scheme Information Document shall be reckoned at these official points. All transaction (purchase/redemption/switch) applications must be demonstrably received by the Mutual Fund at these OPAT.

Further in case of transactions done through the stock exchange infrastructure, all the Eligible Stock Brokers will be considered as the OPAT for the transactions done under this facility. The cut-off timing and applicability of NAV for the transaction will be determined in accordance with the provisions of SEBI circular no. SEBI/IMD/CIR No.11/78450/06 dated October 11, 2006. The day and time of receipt of the transaction application by FTMF will be based on the time stamping as evidenced by the confirmation slip generated by the stock exchange infrastructure.

16. Applications that are incomplete or inaccurate or ambiguous or

conditional are termed as Not in Good Order (NIGO). NIGO applications are processed or rejected in accordance with the g u i d e l i n e s a s m e n t i o n e d o n o u r w e b s i t e www.franklintempletonindia.com as amended from time to time. All applications are accepted “Subject to Verification”.

Applications can be therefore rejected at the counter itself, or subsequently at the time of a good order review either at the branch or at the back office.

17. Transactions charges

• Please tick the appropriate box as applicable to you. Please tick the box ‘I am a First time investor in mutual funds’ only if you are investing first time ever in any mutual fund scheme across mutual funds in India. If no option is ticked or both options are ticked, the applicant will be considered to be an existing mutual funds investor.

• For determining a First time or existing mutual funds investor, the Mutual Fund/AMC may rely upon the information and/or declaration furnished by the investor in the application form. However, even if an applicant declares as ‘First time investor’, the Mutual Fund/AMC may adopt such other methods as it may deem appropriate from time to time for determining first time or existing mutual funds investor and further reserves the right to check / verify for the applicant’s other mutual fund investments to ascertain the same.

18. Nomination:

The nomination details should be filled up only by investors who opt for allotment in physical (non-demat) form. In case of units held in electronic (demat) form, the nomination details as recorded for the depository account shall be applicable. Nomination would normally be registered at the Folio level and will be recorded for all Accounts under that Folio. However the investor may choose to register different nomination for any of the Accounts under that Folio. For investment made under the Franklin Templeton Family Solutions facility, the nomination can be registered at Goal level. In case of switch which results in creation of a new Account, the nomination, if any, registered in the source (switch-out) account will automatically be registered for the destination (switch-in) account. In case of subscription which results in creation of a new Account, the nomination registered in the last transacted account under that Folio will be automatically registered for the new account. Nomination cannot be registered in Folios/Accounts held in the name of a minor. Where a minor is nominated, the name and address of the guardian of the minor nominee shall be provided by the unit holder(s). Nomination can be made only by individuals applying for/holding units on their own behalf singly or jointly. A new nomination or any change in the nomination already registered with the Mutual Fund/AMC will overwrite the existing nomination registered.

19. Know Your Customer (KYC):

All investors (including Joint holders, NRIs, POA holders and guardians in the case of minors) must ensure completion of Know Your Customer (KYC) formalities, failing which the transaction may be rejected. Currently it is mandatory for all investors irrespective amount of investment (including joint holders, NRIs, POA holders and guardians in the case of minors) to submit a copy of the KYC acknowledgement towards completion of Know Your Customers (KYC) policies under the AML Laws.

Central KYC Registry (CKYCR) is a centralized repository of KYC records of customers in the financial sector with uniform KYC norms and inter-usability of the KYC records across the sector with an objective to reduce the burden of producing KYC documents and getting those verified every time when the customer creates a new relationship with a financial entity. With effect from February 1, 2017, individual investors whose KYC is not registered or verified in the KYC Registration Agency (KRA) system should use “CKYC Form”. In case such investor provides the old KRA KYC form, additional/missing information must be provided in a “Supplementary CKYC Form”. Investors who have already completed Centralised KYC (CKYC) and have a KYC Identification Number (KIN) from CKYCR may quote their 14 digit KIN in the application form. If PAN of such investors is not updated in CKYC system, investors need to submit a self-certified copy of the PAN card.

Applications without such documents and information may be rejected.

• For applications by minors, copy of KYC Acknowledgement ofthe guardian must be submitted along with the Application /Transaction Form else the application may be rejected

• In case of applications under a Power of Attorney( POA), copy of KYC Acknowledgement of the investors and the POA holders must be submitted along with the Application / Transaction Form else the transaction may be rejected

• In case of subscriptions in scheme where Units are under a lock– in period as prescribed in the respective Scheme Information Documents (including ELSS Schemes) or a New Fund Offer, allotment may be done only on confirmation from the CVL/KRA that the KYC is final and if the CVL/KRA informs that the KYC is cancelled, the original amount invested may berefunded.

• In case of any transactions where the KYC formalities are completed for the investors in the folio, and a change of address is also requested, the transaction will be processed based on the current data available in the AMC / RTA records and the change of address will be rejected. Changes of address can only be registered through updation of KYC records via CKYC & KRA.

• As per the SEBI guidelines, the investors need to complete the In Person Verification (IPV) as part of the KYC requirements. Politically Exposed Persons (PEP) are defined as individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States or of Governments, senior politicians, senior Government / judicial/ military officers, senior executives of state owned corporations, important political party officials, etc. or any senior political figures and their immediate family members and close associates.

In the event of any KYC Application being subsequently rejected for lack of information / deficiency / insufficiency of mandatory documentation, the investment transaction may be cancelled and the amount may be redeemed at applicable NAV, subject to payment of exit load, wherever applicable. Suchre demption

INSTRUCTIONS

Account Type CURRENT ACCOUNT

IFSC Code CITI0100000

Credit Account Number/ Beneficiary AccountNumber

5050+Application Number / AccountNumber (for existing Investor) For e.g.1. An existing Investor with Account Number 0429900744244 should key in 505004299007442442. A new Investor filling in an application form no 1045268 should key in 50501045268

Centre (Location) Fort, Mumbai

Bank (Receiving Bank) Citibank

Branch Fort

Beneficiary Name Franklin Templeton MF High valueCollection Account

available under HPIN. Further this facility is not available for investors holding units in demat form.

Franklin Templeton has also introduced a facility for distributors to view their client accounts or transact on the web on behalf of their clients. Transaction can be effected provided the client has authorized the distributor by executing a Power of Attorney (PoA) in favour of the distributor for this purpose. The Power of Attorney must be submitted to the Fund before performing any transactions via the website.

26. Payment through electronic modes

• The redemption proceeds or dividend may be paid through various modes of electronic payments such as ECS / RTGS / NEFT / Direct Credit. Payment through RTGS can only be made when the amount paid is not less than Rs.2 lacs. Payment through NEFT / ECS can be made for all payments irrespective of value.

• Investors are requested to provide their bank's IFSC codes for RTGS/NEFT and MICR code for ECS. Investors need to provide a copy of cheque leaf (where the IFSC/MICR code is printed) or banker's confirmation for verification of the codes.

• Investors are requested to note that IFSC codes for RTGS and NEFT may be different for the same bank branch. Please contact your bank for the details of the same.

• Where the requisite information pertaining to the unit holder’s bank account is available with FTMF, the Mutual Fund / AMC may, at its discretion, endeavour to credit the redemption proceeds / dividend directly to the Unit holder’s bank account instead of issuing a payment instrument. Similarly, the Mutual Fund / AMC, also reserves the right to issue a payment instrument despite of an investor opting for Electronic Payout.

• The Fund, Trustee or the AMC will not be responsible for any delay / non-receipt of electronic payment where it is attributable to any incorrect/incomplete information provided by the investor. RTGS / NEFT / ECS are facilities offered by Reserve Bank of India (RBI), for facilitating better customer service by electronic payment of dividend / redemption to an investor’s bank account. This helps in avoiding loss of dividend/redemption warrant in transit or fraudulent encashment. Payments made through ECS / RTGS/NEFT are subject to applicable rules and policies of RBI and the working of banking system. It may be noted that there is no commitment from the Mutual Fund that this facility will be made available to the Unit holders for payment of dividend/redemption proceeds.

• Any charges levied by the investor's bank for receiving payment through electronic mode will be borne by the investor. The Mutual Fund / AMC will not accept any request for refund of such bank charges.

27. Ultimate Beneficial Owner:-

Pursuant to guidelines on identification of Beneficial Ownership issued vide SEBI circular no. CIR / MIRSD / 2/2013dated January 24, 2013, investors (other than Individuals) are required to provide details of Ultimate Beneficial Owner(s) (‘UBO’). The Ultimate Beneficial Owner means ‘Natural Person’, who, whether acting alone or together, or through one or more juridical person, exercises control through ownership or who ultimately has a controlling ownership interest of / entitlements to:

i. more than 25% of shares or capital or profits of the juridical person, where the juridical person is a company;

ii. more than 15% of the capital or profits of the juridical person, where the juridical person is a partnership; or

iii. more than 15% of the property or capital or profits of the juridical person, where the juridical person is a unincorporated association or body of individuals.

In case of a Trust, the settler of the trust, the trustees, the protector, the beneficiaries with 15% or more of interest in the trust and any other natural person exercising ultimate effective control over the trust through a chain of control or ownership is considered as the UBO.

Non-Individual investors who are not the ultimate beneficial owners of the investments, must mandatorily enclose a Declaration for Ultimate Beneficial Ownership duly signed by the authorized signatory along with the purchase application for units of schemes of FTMF.

The provisions w.r.t. Identification of UBO are not applicable to the investor or the owner of the controlling interest is a company listed on a stock exchange, or is a majority-owned subsidiary of such a company.

28. Details under FATCA/Foreign Tax Laws: Towards compliance with tax information sharing laws, such as FATCA, we would be required to seek additional personal, tax and beneficial owner information and certain certifications and documentation from our account holders. Such information may be sought either at the time of account opening or any time subsequently. In certain circumstances (including if we do not receive a valid self-certification from you) we may be obliged to share information on your account with relevant tax authorities. If you have any questions about your tax residency, please contact your tax advisor. Should there be any change in any information provided by you, please ensure you advise us promptly, i.e., within 30 days. Towards compliance with such laws, we may also be required to provide information to any institutions such as withholding agents for the purpose of ensuring appropriate withholding from the account or any proceeds in relation thereto. As may be required by domestic or overseas regulators/ tax authorities, we may also be constrained to withhold and pay out any sums from your account or close or suspend your account(s).

If you are a US citizen or resident or greencard holder, please include United States in the foreign country information field along with your US Tax Identification Number. Foreign Account Tax Compliance provisions (commonly known as FATCA) are contained in the US Hire Act 2010.

Please note that you may receive more than one request for information if you have multiple relationships with Franklin Templeton Asset Management (India) Pvt. Ltd. or its group entities. Therefore, it is important that you respond to our request, even if you believe you have already supplied any previously requested information.

For more information on the relevant sections covered above, please refer the updated Scheme Information Document and Statement of Additional Information.

• For existing investors, in case of additional purchase, if the mode of holding is Joint’ all unit holders need to sign.

• If an investor does not provide their bank details in an additional purchase in new scheme, the bank details from the last transacted account will be used

• In case of a difference between the Investor’s account number and the scheme name mentioned in the application, the same would be processed on the scheme name mentioned in the application.

• If an investor mentions his/her Existing Folio No with different mode of holding the same Existing Folio Number will be considered and Units allotted with the existing mode of holding already available with FTMF.

• If an investor mentions his/her Existing Folio No with different status the same Existing Folio Number will not be considered and Units allotted with a New Folio.

• The allotment of units is subject to realisation of the payment instrument. Units purchased can be redeemed only after realisation of cheques. The Mutual Fund will reject any request for redemption (including switch-out) of units in respect of which the payment is not realised. In case of switch, requests for redemption/switch-out from destination scheme for the units switched shall be accepted and/or processed only if the payment in respect of those units is received from the source scheme to destination scheme.

Applications under ‘Direct’

New Purchases/ Fresh SIP:

If the broker code field in the application form is blank, the transaction will be processed under “Direct Plan” of the respective scheme mentioned in the application form.

Additional Purchases:

If the scheme name is clearly/unambiguously written as “<Scheme> - Direct - <Options>” in the application form, all such transactions will be processed under the Direct Plan. This is irrespective of whether the broker code/existing account number is mentioned in the application form or not. If the scheme name is clearly/unambiguously written as “<Scheme> - <Option>” and the broker code field is blank in the application form, the transaction will be processed in the Direct Plan.

Note: Minimum investment amount validations will be applicable as per the existing plan for the above transaction(s). If the Minimum Investment requirement is not met by the investor then the particular transaction will be rejected.

General

• Advisor codes will be processed under UNKNOWN in the following situations:

a) Advisor code is corrected but not countersigned by the investor in the application

b) If there are multiple advisor codes mentioned in the application

c) If the advisor code is not clear in the application

21. In order to pay the investor the redemption amount requested for (in Rupees), Franklin Templeton will redeem that many units as would give the investor the net redemption amount requested for, after deducting Securities Transaction Tax and exit load as applicable. STT deduction is not applicable when the STT amount is less than the value of Re. 0.50.

22. Investors are requested to contact the nearest Investor Service Centre (ISC) in case of non receipt of Account Statement/Letter confirmation within 30 days of the lodgement of transaction request. The content of the Account Statement will be considered to be correct if no discrepancy is reported within 30 days from the date of the last transaction.

23. In case investor has requested for electronic payment of dividend and redemption facility, Franklin Templeton Investments cannot be responsible for errors or delays in processing the request due to errors in the information provided.

24. As per SEBI circular No. SEBI/IMD/Cir-10/22701/03 dated December 12, 2003 read with Circular No. SEBI/IMD/Cir- 1/42529/05 dated June 14, 2005, each portfolio under a scheme should have a minimum of 20 investors and no single investor should account for more than 25% of the corpus of such portfolio. Determining the breach of the 25% limit by an Investor – The average net assets of the scheme would be calculated daily and any breach of the 25% holding limit by an investor would be determined. At the end of the quarter, the average of daily holding by each such investor is computed to determine whether that investor has breached the 25% limit over the quarter. If there is a breach of limit by any investor over the quarter, a rebalancing period of one month would be allowed and thereafter the investor who is in breach of the rule shall be given 15 days notice to redeem his exposure over the 25% limit. Failure on the part of the said investor to redeem his exposure over the 25% limit within the aforesaid 15 days would lead to automatic redemption by the Mutual Fund on the applicable Net Asset Value on the 15th day of the notice period. In each calendar quarter, on an average basis, each portfolio under an open end scheme shall meet with the above condition of minimum 20 investors, failing which the provisions of Regulation 39(2)(c) of SEBI (Mutual Funds) Regulations, 1996 would become applicable automatically without any reference from SEBI and accordingly, the portfolio shall be wound up by following the guidelines laid down by SEBI.

25. Investors can avail online Account Access and full transaction capabilities, on our website www.franklintempletonindia.com. The HPIN Facility is currently available to all individual and non-individual investors other than those transacting through Channel Partners, on FTMF’s website for all schemes for subscription, redemption or exchange. Investors can also tag together, and view from a single location, all their accounts (with the same order of names and mode of holding). In addition, a family access facility allows investors to consolidate holdings across investors if they desire. HPIN application forms are available for download from the w e b s i t e , o r b y s e n d i n g a n e m a i l t o [email protected]. On receipt and verification of the form, investors will be issued an HPIN – using

this, investors must create a username and password to access the site. For performing transactions through the HPIN facility, investors are required to furnish verified PAN, failing which the facility may be restricted to a "View Only" facility. For investor transacting through Channel Partners only “View” facility is

proceeds will be dispatched within a maximum period of 21 days from date of acceptance of application. In case of subscriptions in scheme where Units are under a lock – in period as prescribed in the respective Scheme Information Documents (including ELSS Schemes) or a New Fund Offer, allotment may be done only on confirmation from the central agency that the KYC is final and if the central agency informs that the KYC is cancelled, the original amount invested may be refunded.

For Investors who have submitted their KYC acknowledgement, changes as listed below must be requested through updation of KYC records.

• Change of address

• Name change

• Change of social status

• Any other information provided in KYC form

Any direct requests for the above for folios where the KYC acknowledgement is registered with us will be rejected. The address for a folio will be the 1st holder’s/1st Guardian’s address for communication. This address will be printed in the account statement and considered for all other communications.

Change of Address for investors who have submitted their KYCacknowledgement with us will be effected into all folios where the investor is the first holder or 1st guardian. If the investor has not registered their KYC acknowledgement with us, the change of address request will be effected only for the particular folio(s)requested by the investor. Such request needs to be accompanied with the proof of address and proof of identity. If PAN is updated and verified in our records, only PAN card copy would be accepted as proof of identity. If PAN is not updated and verified in our records, PAN card copy or any other proof of identity (bearing photo) is acceptable. When investors submit their KYC acknowledgement for an existing folio, all existing details of the holder(s) will be overwritten with the details available in the records of CVL.

As per the recent amendments to the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, mutual fund account/folio holders (in case of individual investor) and managers, officers or employees holding an attorney to transact on behalf of non-individual investor are required to update their Aadhaar numbers , failing which the said account/folio will cease to be operational. The purpose of collection/usage of Aadhaar number including demographic information is to comply with applicable laws/rules/regulations and provision of the said data is mandatory as per applicable laws/rules/regulations. Post obtaining the Aadhaar number, we shall authenticate the same in accordance with the Aadhaar Act, 2016. We shall receive your demographic information which shall be used only to comply with applicable laws/rules/regulations. Aadhaar number shall be updated in all folios held with Franklin Templeton Mutual Fund in your capacity as sole/joint investor, guardian or authorized signatory only post successful validation with UIDAI.

20. Default Options:

The following defaults will apply to the processing of applications, where required, in addition to the defaults already mentioned in the KIM:

New Purchases:

• Where the mode of holding is not mentioned, an application be treated as either SINGLE or JOINT based on the number of applicants/ number of signatures on the form.

• In case the social status of the investor is not mentioned in the application form, the same would be derived on the basis of the other information available in the application form.Eg. PAN, Pay-in bank details, etc

• In case more than one investor’s name appears in the application form, but the form has been signed by the first holder only, the same will be processed with the mode of holding as SINGLE in favour of the first holder.

• Application where the scheme name / abbreviation is available, but specifics of the plan or options are not mentioned will be processed as per the default options listed in the KIM.

• Where the investor had failed to indicate clearly the Plan/Options in the application form or has mentioned both Plan/Options i.e. Dividend and Growth, the application will be processed as per the default option.

• If the Scheme name in the application is different from the scheme name in the cheque, the transaction will be processed as per the application.

• If the Scheme name/Plan/Option is not mentioned in the application form, the transaction will be processed as per the scheme name (under the default option of the scheme) appearing in the cheque.

• In case the amount specified on the cheque /instrument or payment advice differs from the amount on the application, the application will be processed for the amount of the cheque /instrument or payment advice only.


• If an investor provides all details, including scheme plan, option, and there is only one existing account matching this in the folio, the purchase will be processed into that account. If there are multiple matching accounts, the purchase will be processed into the last transacted account. The last transacted account is determined by the date of the latest Purchase, Redemption or Switch transaction, or the date of registration of a Systematic Investment, Transfer or Withdrawal Plan. If the last transacted account has NIL balance, then that transaction can be processed in the active account.

• If an investor only provides the scheme name, but not the plan and or option, transactions will be processed based on the following rules:

- If there is one account of the scheme in that folio, the transaction will be processed into that account irrespective of whether it is the default option.

- If there are multiple accounts in different scheme options in the folio, the transaction will be processed in the account under the default option.

- If there are multiple accounts of the default option in the folio, the transaction will be processed into the last transacted account.

- If there is no account in that scheme under the folio, a new account in the default option will be created.

This is to confirm that I/we have carefully read, understood and agree to abide by the Terms and conditions and instructions. I am authorizing Franklin Templeton to debit my account. I/We are authorized to cancel/amend this mandate by appropriately communicating the cancellation/ amendment request to Franklin Templeton or the bank where I have authorized the debit’

ADF

`

SIP Auto Debit Form UMRN F o r o f f i c e u s e

1

Franklin Templeton Mutual Fund SB

Name of Customers bank

Sponsor Bank Code Utility CodeFor Office Use For Office Use

I/We hereby authorize

Tick (P)

CREATE

MODIFY

CANCEL

3

Date

Bank a/c number

to debit (tick P) CA CC SB-NRE SB-NRO Other

4

with Bank5

IFSC or MICR6

an amount of Rupees7

FREQUENCY Mthly Qtly H-Yrly Yrly As & when presented

1210

Reference 1

Reference 21311

Phone No.

Email ID

Folio Number

Application Number

DEBIT TYPE Fixed Amount Maximum Amount

PERIOD

From

To

OrSignature Primary Account holder 15

161. 2. 3.Name as in Bank records Name as in Bank records

Signature of Account holder Signature of Account holder

Name as in Bank recordsUntil Cancelled

I agree for the debit of mandate processing charges by the bank whom I am authorizing to debit my account as per latest schedule of charges of the bank.

2

8 9

14

SIP THROUGH NACH FORM(Please use separate Transactions Form for each Scheme / Plan and Transaction)


Sl No.

My Name

My Folio Number

Scheme Name/Plan/Option


Scheme (Account Number)

SIP DETAILS (Please note that 30 Business days are required to set up the Auto debit. ) Default plan/Option will be applied incase of no information, ambiguity or discrepancy

Tick here only if ARN is mentioned but EUIN box is left blank: “I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker.

Tick here only if RIA Code is mentioned: “I / We hereby give you my/our consent to share/provide the transactions data feed/portfolio holdings/ NAV etc. in respect of my/our investments under Direct Plan of all Schemes managed by you, to the SEBI-Registered Investment Adviser whose code is mentioned herein.Having read and understood the contents of the Statement of Additional Information, Scheme Information Document of the Fund, the Key Information Memorandum and the Addenda issued till date, I/we hereby apply to the Trustees of Franklin Templeton Mutual Fund for registration of any of the aforesaid facility, and agree to abide by any Act, Rules, Regulations, Notifications, Directions, Guidelines, Orders or instructions issued by any Indian or foreign governmental or statutory or judicial or regulatory authorities/ agencies and the terms, conditions, rules and regulations of the Fund and the aforesaid facility(ies) as on the date ofthis application. I/We confirm that the funds invested legally belong to me/us and that I/we have not received nor been induced by any rebate or gifts,directly or indirectly in making this investment and are not in contravention or evasion of any laws in force. I/We declare that all the particulars given herein are true, correct and complete tothe best of my/our knowledge and belief and will promptly inform FTI about any changes thereto. I/ we hereby agree to provide any additional information/ documentation that may be required by FTI. I hereby agree and accept that the Mutual Funds, their authorised agents, representatives, distributors its sponsor, AMC, trustees, their employees, service providers, representatives ('the Authorised Parties')are not liable or responsible for any losses, costs,damages arising out of any actions undertaken or as a result of this investment or activities performed by them on the basis of the information provided by me as also due to my not intimating / delay in intimating such changes. I authorize the mutualfund to disclose, share, remit in any form, mode or manner, all / any of the information provided by me to Authorised Parties including any of the Indian or foreign governmental or statutory or judicialauthorities / agencies including Financial Intelligence unit-India (FIU-IND) without any obligation of advising me/us of thesame.


DECLARATION & SIGNATURES (To be signed as per Mode of Holding) Date _____________________________________ Place ____________________________________

Each SIP Amount (minimum Rs. 500) Rs. SIP Date: will be considered as the default date)th(If left blank 10

Drawn on Bank/Branch

Tick here if Auto Debit Form (ADF) is already registered in the Folio. Please mention in space provided below the Bank Name and Account Number:

Account No.Bank Name



Investment Frequency Monthly (default) Quarterly First SIP Cheque Date: Cheque No.

End Date OR SIP Period Start Date M M / Y Y Y YM M / Y Y Y Y

ACKNOWLEDGEMENT SLIP FOR SIP THROUGH AUTO DEBIT (To be Filled In by Investor)

Investor's NameFranklin Templeton

InvestorService Centre Signature & Stamp

Customer Folio

SIP Amount (Rs.)

Account No.

Frequency Monthly Quarterly Scheme:

Tick here if attaching a New Auto Debit Form.

D D


• Following fields need to be filled mandatorily:-

1. Date: In format DD/MM/YYYY

2. Select the appropriate checkbox to create, modify or cancel the mandate

3. Bank A/c Type: Tick the relevant box

4. Fill Bank Account Number

5. Fill name of Destination Bank

6. IFSC / MICR code: Fill respective code

7. Mention amount of mandate

8. Select frequency of mandate

9. Select whether the mandate amount is fixed value or maximum value

10. Reference 1: Mention Folio Number

11. Reference 2: Mention Application Number

12. Telephone Number (Optional)

13. Email ID (Optional)

14. Period: Starting and Ending dates of NACH registration (in format DD/MM/YYYY). For perpetual SIP,

please leave the end date blank and select ‘until cancelled

15. Signature as per bank account

16. Name: Mention Holder Name as Per Bank Record

• Auto Debit Bank Mandate can be used for both SIP and Lump Sum Purchase.

• Investors are allowed to perform Lump sum purchase and SIP on a same day provided the Auto Debit bank account

has the adequate funds to honor multiple debits

• Auto Debit Bank Mandate is applicable for both Individual and Non-Individual

• Registration of Multiple Auto Debit forms is acceptable with different Bank and Accounts.

• Per transaction limit should be less than or equal to the amount as mentioned in Auto Debit Form Mandate already

registered or submitted, if not registered

• For cancelling / updating an Auto Debit mandate. Investor has to use a separate form – “Auto Debit Cancellation/

Update Form”. Update option is only for updating the “Debit Amount”

• Investors are required to submit “New Auto Debit / ECS Mandate” registration first and only after successful

registration an existing “Auto Debit Mandate” associated with a SIP can be cancelled.

• Auto Debit Mandate request will be accepted only if the “Bank” mentioned in the request form is listed in the

NACH banks list. Please contact Franklin Templeton ISC / visit www.franklintempletonindia.com for updated list

of banks eligible for Auto Debit Facility.

• Submitting Auto Debit/ ECS/Direct Debit form does not confirm your investments in FTMF unless supported by

SIP Investment Form or Common Transaction forms

• Franklin Templeton will initiate debit instructions to the investor bank account only on receipt of valid investment

instruction from the investor.

• For other Terms and Conditions governing NACH Auto Debit/ECS/Direct Debit payments please refer to SID or

www.franklintempletonindia.com

• Auto Debit bank mandate is applicable only for investments via debit instructions

• By submitting the Auto Debit mandate the investor authorizes Franklin Templeton to utilize the information

provided herein for the purpose of his/her investments in Franklin Templeton Mutual Fund

• Investors are deemed to have read and understood the requirements and contents of Statement of Additional

Information (SAI), Scheme Information Document (SID) and all other scheme related documents

The following applications will be considered as ‘not in good order’ (NIGO) and are liable to be rejected:

• If folio number mentioned in the Fresh / Additional Purchase, SIP Auto Debit form, Switch, STP, SWP & NCT

request does not match Folio Number mentioned in Auto Debit registration mandate Form.

• If the folio number mentioned in the Auto Debit mandate registration form does not match with our record, the

Auto Debit mandate will not be registered.

• If the SIP period mentioned in SIP via Auto Debit form is beyond the Auto Debit Mandate validity period or

Auto Debit validity period expired.

• Incase no frequency has been selected or multiple frequencies are selected

• Incase no debit type has been selected or multiple types are selected

• Incase no SIP end date mentioned or until cancelled not opted

Instructions To Fill Auto Debit Form and Terms and Conditions

SIP Payment through National Automated Clearing House Facility / ECS/ Direct Debit

General T&C

Auto Debit is a facility which enables automatic transfer of funds from the investor’s registered bank account to Franklin Templeton Mutual Fund (“FTMF”), as per the chosen frequency. Auto Debit includes NACH, ECS and Direct Debit.

1) This facility is offered to investors having Bank accounts in select banks mentioned in the link below (please refer point 14 in T&C for SIP through Auto Debit). The Banks in the list may be modified/updated/ changed/removed at any time in future entirely at the discretion of Franklin Templeton Asset Management (India) Pvt. Ltd. (“AMC”), Franklin Templeton Trustee Services Pvt. Ltd. (“Trustee”) or Franklin Templeton Mutual Fund (“FTMF”) without assigning any reasons or prior notice. SIP instructions for investors in such Banks via NACH route will be discontinued. 2) The AMC/ Trustee/ FTMF will not liable for any transaction failures due to rejection by the investors bank/branch. 3) The investor agrees to abide by the terms and conditions of NACH facility of NPCI and ECS/Direct Debit facility of Reserve Bank of India (RBI) 4) Investor will not hold AMC/ Trustee/ FTMF and its service providers responsible if the transaction is delayed or not effected by the Investor’s Bank or if debited in advance or after the specific SIP date due to various reasons or for any bank charges debited by his banker in his account towards NACH/ ECS/ Direct Debit Registration / Cancellation / Rejections, if any. 5) The AMC/ Trustee/ FTMF reserves the right to reverse allotments in case the Auto debit/ ECS/ Direct Debit is rejected by the bank for any reason whatsoever. 6) The AMC/ Trustee/ FTMF shall not be responsible and liable for any damages/compensation for any loss, damage etc., incurred by the investor. The investor assumes the entire risk of using the Auto Debit facility of NACH / ECS/ Direct Debit and takes full responsibility for the same. 7) The AMC/Trustee reserves the right to discontinue or modify the SIP facility at any time in future on a prospective basis. 8) The AMC/ Trustee reserves the right to discontinue the SIP in case of Auto Debit through NACH / ECS/ Direct Debit routes are rejected by the investor bank for any reasons. 9) For load details and other terms of issue, please refer to the, Scheme Information Document, Key Information Memorandum and the addendum issued from time to time. 10) The AMC/ Trustee reserves the right to reject any application without assigning any reason thereof. 11) SIP cancellation can be done separately by submitting the request at least 30 Business days in advance; however the associated NACH / Direct Debit / ECS mandate can be retained for future investments. 12) For intimating the change in bank particulars, please use the Auto Debit Form to modify transaction limit or add / remove banks from the NACH / Direct Debit / ECS facility. Also fill-up all the relevant details as applicable. Requests for any changes/ cancellation in the NACH / Direct Debit / ECS Bank Mandate request should be submitted at least 30 Business days in advance. 13) In case of micro SIPs, please provide any one of the following photo identification documents as mentioned below: Voter Identity Card, Driving License, Government / Defense identification card, Passport Photo Ration Card, Photo Debit Card (Credit card will not be accepted)., Employee ID cards issued by companies registered with Registrar of Companies, Photo Identification issued by Bank Managers of Scheduled Commercial Banks / Gazetted Officer / Elected Representatives to the Legislative Assembly / Parliament, ID card issued to employees of Scheduled Commercial / State / District Co-operative Banks., Senior Citizen / Freedom Fighter ID card issued by Government., Cards issued by Universities / deemed Universities or institutes under statutes like ICAI, ICWA, ICSI., Permanent Retirement Account No (PRAN) card issued to New Pension System (NPS) subscribers by CRA (NSDL)., Any other photo ID card issued by Central Government / State

Governments /Municipal authorities / Government organizations like ESIC / EPFO 14) The amount of each SIP instalment should be less than ₹1 crore in case of a transaction in FIDA, FIIOF, FIIBA, FIGSF,

FISTIP, FISPF, FILDF, FIMIP, FIUBF, FIPEP, FICBOF and FIBPDF schemes. Transaction will be rejected if the instalment amount is greater than ₹1 crore. 15) Minimum Investments: 12 installments of ₹500/- (or)

6 installments of ₹1000/-. In FILSF 12 installments of ₹2000/- (or) 6 installments of ₹4000/-, in FIDPEF 12installments of ₹1000/- (or) 6 installments of ₹2000/- and in FIGSF-PF Plan 12 installments of ₹10, 000/- or

6 installments of ₹20, 000/-. 16) If during the tenure of a SIP, the unit holder changes the plan or option in which he/she had invested, the same would be treated as termination of existing SIP and re-registration of a new

SIP and all the terms andconditions of the SIP such as minimum term/amount etc. shall apply in both plans/options. 17) The AMC / Trustee/FTMFreserves the right to modify or discontinue the SIP facility at any time in future on a prospective basis. It is clarified that the load applicable for a SIP shall be the load prevailing on the date of registration.

T&C for Step Up SIP facility for New SIPs:

1)All the terms applicable to SIP facility shall also apply to Step up SIP. 2) Step-up SIP is applicable only for AMC initiated debit feeds i.e. ECS / NACH/Direct Debit, etc. 3) Investor will need to provide an alternate mandate in case the existing mandate cannot be utilized for the Step Up and the alternate mandate shall be utilized to debit money for all future SIP installments. The existing mandate will still be active and the investor may choose to use the same if required at a later point of time.

T&C for SIP through Auto Debit

1) Existing investors must provide their Folio Number / Account number and need to fill up a Common Transaction Form in case the investment is into a new scheme. 2) New investors who wish to enroll for SIP through Auto Debit should also fill up the Common Application form in addition to this form. 3) The SIP through Auto Debit Form, and the Common Application Form (in case of new investors), along with the necessary cheque or copy thereof should be submitted at least 30 Business days in advance of the date ofthe first Auto Debit. 4) If Auto Debit Form (ADF) is already registered in the folio, SIP Auto debit can start in FIVE Business Days. 5) Per transaction limit should be less than or equal to the amount as mentioned in Auto Debit Form already registered or submitted, if not registered. 6) Investors are required to ensure adequate funds in their bank account on the date of investment transaction. FTMF will endeavor to debit the investor’s bank account on the date of investment transaction, however if thereis any delay all such transactions will be debited subsequently. The AMC/ Trustee/ FTMF (or any of its associates) shall not be held responsible for any delay/wrong debits on the part of the bank for executing the auto debit instructions on a specified date from the investor’s bank account. 7) FTMF or its authorized banker or agent will initiate the registration of the Auto Debit form / debit instructions. 8) Investments made through Auto Debit/ ECS/ Direct Debit/NACH mode are subject to realization of funds from investor bank accounts and the NAV guidelines as per Scheme Information Document(s), Key Information Memorandum andAddenda issued till date will be applicable for the transactions which are connected withrealization of funds. 9) ECS/Direct Debit bank/NACH mandate is applicable only for investments via debit instructions. 10) The payment towards investment can happen only from the bank account of 1st holder and therefore the 1st holder need to be a holder in the bank account. 11) The transactions are liable to rejection incase Investor has Multiple Auto Debit Mandate at folio level and Bank Name & Account number are not mentioned in the request form. 12) The AMC/ Trustee/ FTMF/ Sponsor/ Bank / NPCI are not liable for the bank charges, in case debited from investor’s bank account, by the destination bank, on account of payment through NACH/ ECS/ Direct Debit. 13) For further details of the Scheme features like minimum amounts, risk factors etc., investors should, before investment, refer to the Scheme Information Document(s), Key Information Memorandum andAddenda issued till date available free of cost at any of the Investor Service Centers or distributors or from the website www.franklintempletonindia.com. 14) Please contact Franklin Templeton ISC / visit www.franklintempletonindia.com for updated list of banks / branches eligible for ECS/ Direct Debit/NACH Facility 15) The bank branch provided for ECS/Direct Debit should participate in the local MICR clearing. The investor shall inform their Bankers about the ECS/Direct Debit mandate and AMC/Trustee/ FTMF will not liable forany transaction failures due to rejection by the investors bank/branch. 16) Only one installment per month/quarter is allowed under one SIP registration. e.g., if for a monthly SIP, the first installment is in the month July, say 2nd July, then the second installment should be in August. 17) Please write the Bank Name in "Full Form" to avoid any ambiguity and rejections E.g., State Bank of India (and not SBI). 18) FTMF reserves the right to determine which payment mode (NACH, ECS or Direct Debit) will be used for each specific transaction. 19) FTMF reserves the right to choose which mandate will be utilized in case an investor has provided multiple mandates for the same bank account. 20) In case the payment isn’t processed through NACH within 30 days then same shall be processed through Direct Debit / ECS using my/our below mentioned account 21) For HDFC Bank account holders:

I/We undertake to keep sufficient funds in the funding account on the date of execution of standing instruction. I hereby declare that the particulars given above are correct and complete. If the transaction is delayed or not effected at all for the reasons of incomplete or incorrect information, I/We would not hold the Mutual Fund or the Bank responsible. If the date of debit to my/our account happens to be on a non-business day as per the Mutual Fund, execution of the SIP will not happen on the day of holiday and allotment of units will happen as per the terms and conditions listed in the Offer Document of the Mutual Fund. HDFC Bank shall not be liable for, non be in default by reason of, any failure or delay in completion of its obligations under this Agreement, where such failure or delay is caused, in whole or in part, by any acts of God, civil war, civil commotion, riot, strike, munity, revolution, fire, flood, fog, war, lightening, earthquake, change of Government policies, Unavailability of Bank’s computer system, force majeure events or any other cause of peril which is beyond HDFC Bank’s reasonable control and which has the effect of preventing the performance of the contract by HDFC Bank. I/we acknowledge that no separate intimation will be received from HDFC Bank in case of non-execution of the instructions for any reasons whatsoever.

Unit Holder Information (Beneficial Investor)

Third Party Information and Relationship with Applicant (Beneficial Owner)

Name of Third Party making payment

PAN details and KYC (Mandatory)

Contact Details

Email:

Beneficial Investor statusPlease tick one as applicable

Minor (upto Rs. 50,000/- only)

(for each SIP/lumpsum)

FII or Client Employee/s

Payment Details

Investment Amount in Rs.

Payment Mode Cheque Demand Draft/Pay Order Funds Transfer RTGS/NEFT

Cheque/DD/UTR No. Dated:

Payment from A/c No.

Payment from Bank & Branch

Mandatory Documents (based on payment mode) :Cheque: Account number and account holder name should be printed on the cheque. Else a copy of the bank passbook / bank statement account / bank letter certifying the third party account holder and account number.Demand Draft: Issuing Banker certificate/DD counterfoil mentioning Bank Account Holder’s Name and Bank Account Number debited for issue of the demand draft.Funds Transfer/RTGS/NEFT: Instruction copy to the Bank stating the Bank Account Number used for payment

Declaration Signature/s

Third Party making Payment

Sole / First Investor/Applicant /Registered Guardian

KYC Acknowledgement of Third Party attached.

Mobile: Tel.:

All details are mandatory, including relationship, PAN and KYC. Please read scheme related documents, KIM, Instructions details on Third Party payment guidelines before investing and filling this form. The forms should be filled in English. Please tick relevant boxes where applicable.

Name of First/Sole Applicant

Annexure to Common Application Form No.:

Account type For Residents Savings Current For Non-Residents NRO NRE Others________________ FCNR

Third Party Payment Declaration Form

For Existing Unit Holder : Account No.Folio No.

Contact Person DetailsFor Non Individuals

Address:

Designation:

Third Party and Beneficial Investor have read and understood the Third Party Payment Rules, and hereby agree

to be bound by the same.

We certify that the information declared herein is true and correct. We hereby agree to promptly inform Franklin

Templeton Mutual Fund (FTMF), its Trustee, the AMC of any changes to the information provided hereinabove

and shall furnish such further information as may be required.

Third Party hereby confirms that the monies invested in the scheme(s) of FTMF legally belong to it and / or is

derived through legitimate sources and is not held or designed for the purpose of contravention of any applicable

act, rules, regulations or any notifications, directions issued by governmental or statutory or judicial or

regulatory authorities / agencies, from time to time.

Beneficial Investor has no objection to the funds received from the Third Party.

We acknowledge that FTMF, its Trustee, the AMC shall have sole and absolute discretion to reject / not process

the application received from the beneficial investor(s) and refund the subscription monies without any interest

or compensation.

Relationship with Beneficial Investor

Parent Grand Parent

Relative (Specify relationship)

Custodian: SEBI Regn No.:

Validity till:

Employer Corporate

Declaration by Third Party

Legal Guardian

I hereby declare and confirm the minor stated above is the beneficial owner of the investment details mentioned above and I am providing the funds for these investments on account of my natural love and affection or as gift from my bank account only.

We confirm the beneficial owner as stated above and that this payment is issued by us in our capacity as Custodian to the Applicant/Investor. The source of this payment is from funds provided to us by the FII / Client.

W e c o n f i r m t h a t t h e investment/s is/are on behalf o f o u r e m p l o y e e / s a n d payment/s is/are towards Systematic Investment plan/ or Lumpsum or one time through the payroll deduction. or deduction out of expense reimbursement.

W e c o n f i r m t h a t t h e investment/s is/are on behalf of our Agent/ Distributor/ Dealer (similar arrangement w i t h P r i n c i p a l - a g e n t relationship) on account of commission/ incentive payable for sale of its goods/services in form of mutual fund units through Systematic Investment plan/ or Lump sum or one-time subscription.

Agent/ Distributor/ Dealer (similar arrangement with Principal - agent relationship)

Sl. No.

Name:

(The limit of Rs. 50,000/- will not be applicable if the payment is made from the guardian who is registered in our record in the respective folio)

D D / M M / Y Y

D D / M M / Y Y

Third Party Payment Rules

In order to enhance compliance with Know your Customer (KYC) norms under the Prevention of Money Laundering Act, 2002 (PMLA) and to

mitigate the risks associated with acceptance of third party payments, Association of Mutual Funds of India (AMFI) issued best practice guidelines

on "Risk mitigation process against Third party instruments and other payment modes for mutual fund subscriptions". AMFI has issued the said

best practice guidelines requiring mutual funds/asset management companies to ensure that Third-Party payments are not used for mutual fund

subscriptions.

1. The following words and expressions shall have the meaning specified herein:

(a) "Beneficial Investor" is the first named applicant/investor in whose name the application for subscription of Units is applied for with the

Mutual Fund.

(b) "Third Party" means any person making payment towards subscription of Units in the name of the Beneficial Investor.

(c) "Third Party payment" is referred to as a payment made through instruments issued from a bank account other than that of the Beneficiary

Investor. It is clarified that in case of payments from a joint bank account, the first holder of the mutual fund folio has to be one of the joint

holders of the bank account from which payment is made.

2. The AMC shall not accept subscriptions with Third Party payment instruments in the Scheme, except in cases of

a. In case of investment in the name of a minor, payment by Parents / Grand- Parents / related persons (other than the person registered as

Guardian in the minor’s Folio) on behalf of a minor in consideration of natural love and affection or as gift for a value not exceeding

Rs.50,000/- (each regular purchase or per SIP instalment);

b. In case of investment in the name of a minor, payment by the person registered as Guardian in the minor’s Folio irrespective the amount of

investment;

c. Payment by Employer on behalf of employee for lump sum/one-time subscription or under SIP through Payroll deductions or deductions out

of expense reimbursement;

d. Payment by Employer towards subscription in the name of employees as bonus/incentive paid in form of mutual fund units;

e. Custodian on behalf of an FII or a client.

f. Payment by Asset Management Company to a Distributor empanelled with it on account of commission/incentive etc. in the form of the

Mutual Fund Units of the Funds managed by such AMC through Systematic Investment Plans or lump sum / one-time subscription, subject

to compliance with SEBI Regulations and Guidelines issued by AMFI, from time to time;

g. Payment by Corporate to its Agent/ Distributor/ Dealer (similar arrangement with Principal-agent relationship), on account of commission/

incentive payable for sale of its goods/services in form of mutual fund units through SIP or lump sum/ one-time subscription.

3. The investors making an application under the exception cases mentioned above need to submit such declarations and other documents /

information as may be prescribed by the AMC from time to time, without which applications for subscriptions for units will be rejected / not

processed / refunded.

4. KYC is mandatory for all investors (guardian in case of minor) and the person making the payment i.e. third party.

The above mentioned Third Party Payment Rules are subject to change from time to time.

INVESTMENT

OBJECTIVEAn open-end income scheme with the primary objective to generate a steady stream of income through investmentin fixed income securities. This shall be the fundamental attribute of the scheme. A secondary objective is togenerate capital appreciation.

Types of Instruments Normal Allocation#(% of Net Assets)

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

Last 1 year 10.99% 10.95%Last 3 years 10.44% 10.67%Last 5 years 9.43% 9.42%Since inception 9.03% N.A

Inception date: March 05, 1997

Year-wise returns for the last 5 financial years

Past performance may or may not be sustained in

future. Based on Growth Plan NAVs.

ASSET ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT

STRATEGYPlease refer to Page No.29

RISK PROFILE OF

THE SCHEMEPlease refer to Page No.30

RISK MITIGATION

FACTORSPlease refer to Page No.30

PLANS AND

OPTIONS• Growth Plan• Dividend Plan (with Reinvestment and Payout Options)• Direct - Growth Plan• Direct - Dividend Plan (with Reinvestment and Payout

Options).

APPLICABLE NAV

(after the scheme

opens for repurchase

and sale)

Please refer to Page No.30

MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Purchase: Rs.10,000 and multiples of Re.1Additional Purchase: Rs.1,000 and multiples of Re.1Repurchase: Minimum of Rs.1,000/-

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


BENCHMARK INDEX Crisil Composite Bond Fund Index

DIVIDEND POLICY Please refer to Page No.30

NAME & TENURE

OF THE FUND

MANAGER(S)

Name of the Fund Manager(s)

1. Santosh Kamath2. Umesh Sharma3. Sachin Padwal-Desai

NAME OF THE TRUSTEE COMPANY


PERFORMANCE OF

THE SCHEMEAS OF MAY 31, 2017

FRANKLIN INDIA DYNAMIC ACCRUAL FUND (FIDA)

Debt instruments including Corporate Debt, PSU Bonds, Gilts and Securitised debtsMoney Market Instruments & Cash & Deposits (including Money at Call, MIBOR linked Instruments and Fixed Deposits)

Up to 100%

Up to 25%

Note: Debt includes Securitised Debt.

i) Load Structure

Entry Load Nil

Exit Load

ii) Recurring expenses(Actual Expenses for the financial year ending March 2017)

1.76%0.80% (Direct)

EXPENSES OF THE

SCHEME

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION

FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’

INFORMATIONPlease refer to Page No.31

SCHEME

COMPARISONPlease refer to Page No.29

NO. OF FOLIOS Please refer to Page No.29

ASSETS UNDER

MANAGEMENT (AUM)Please refer to Page No.29

INVESTMENT

OBJECTIVEAn open-end income fund which seeks to provide regular income and capital appreciation by investing in fixedincome securities across the yield curve.


ASSET ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT


RISK PROFILE OF


RISK MITIGATION


FRANKLIN INDIA INCOME OPPORTUNITIES FUND (FIIOF)

Government Securities and/or securities unconditionally guaranteed by the Central/ State Government for repayment of principal and interest

Debt securities issued by Public Sector Undertakings (PSU)

Up to 100%

Up to 100%

# including investments in Foreign Securities as may be permitted by SEBI/RBI up to 50% of the net assets of the scheme, exposure in derivatives up to a maximum of 50%

Debt securities issued by private sector corporate including banks and financial institutions

Up to 100%

Securitised Debt Up to 100%Money Market Instruments Up to 100%


13

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

Last 1 year 11.97% 10.95%Last 3 yearsLast 5 yearsSince inception 10.08% 9.36%

11.37% 10.67%N.A N.A

Inception date - January 1, 2013

FIDA - Direct




*For schemes/plans launched during the year the returns are from inception date.

FIDA Crisil Composite Bond Fund Index

FIDA-Direct Crisil Composite Bond Fund Index

Tenure of managing the scheme (in years) (Upto June 26, 2017)2.34 Years6.98 Years10.89 years

#including investments in Foreign Securities as may be permitted by SEBI/RBI upto the limit specified for applicable asset class in the asset allocation table above.The scheme may take exposure in derivatives up to a maximum of 50% of its AUM.

10.1%

4.3%

13.6%

8.3%

11.5%

9.2%

4.3%

14.7%

8.2%

11.1%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

Mar-13 Mar-14 Mar-15 Mar-16 Mar-17

2.0%*

4.9%

14.2%

9.3%

12.5%

1.8%*

4.3%

14.7%

8.2%

11.1%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%


NA - As the scheme was launched before the launch of the benchmark index, benchmark index figures since inception are not available.

• Upto 10% of the Units may be redeemed without any exit load in each year from the date of allotment.*

• Any redemption in excess of the above limit shall be subject to the following exit load:- 3% - if redeemed on or before 12

months from the date of allotment- 2% - if redeemed after 12 months but

within 24 months from the date of allotment

- 1% - if redeemed after 24 months but within 36 months from the date of allotment

- 0.50% - if redeemed after 36 months but within 48 months from the date of allotment

- Nil - if redeemed after 48 months from the date of allotment

*This no load redemption limit is applicable on a yearly basis (from the date of allotment of such units) and the limit not availed during a year shall not be clubbed or carried forward to the next year.

PLANS AND

OPTIONS• Growth Plan• Direct – Growth Plan• Dividend Plan (with Reinvestment and Payout Options)• Direct - Dividend Plan (with Reinvestment and Payout Options).

APPLICABLE NAV (after the schemeopens for repurchase and sale)


DESPATCH OF REPURCHASE(REDEMPTION) REQUEST


BENCHMARK INDEX Crisil Short Term Bond Fund Index


NAME OF THE

TRUSTEE COMPANYPlease refer to Page No.30

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

Last 1 year 10.65% 8.82%Last 3 years 9.50% 9.07%Last 5 years 9.66% 9.06%Since inception 9.22% 8.27%

Inception date: December 11, 2009

PERFORMANCE OF


MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Purchase: Rs.5,000/- and multiples of Re.1Additional Purchase: Rs.1,000/- and multiples of Re.1Further, fresh/additional purchase (including switch-in) by an investor on a single day in FIIOF will be allowed/ accepted only up to Rs.20 crores per application.Repurchase: Minimum of Rs.1,000/-




14

FIIOF Crisil Short - Term Bond Fund Index

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

Last 1 yearLast 3 yearsLast 5 years N.A N.ASince inception 10.34% 9.04%

11.39% 8.82%10.46% 9.07%

Inception date: January 1, 2013

FIIOF - DIRECT


Past performance may or may not be sustained in future. Based on Growth Plan NAVs.*For schemes/plans launched during the year the returns are from inception date.

FIIOF-Direct Crisil Short - Term Bond Fund Index

i) Load Structureii) Recurring expenses(Actual Expenses for thefinancial year endingMarch 2017)

1.70%1.03% (Direct)

EXPENSES OF THE

SCHEME

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


INVESTMENT

OBJECTIVEAn open-end income fund which seeks to provide regular income and capital appreciation through a focus on corporate securities.

Types of Instruments Normal Allocation(% of Net Assets)

ASSET ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT


RISK PROFILE OF


FRANKLIN INDIA CORPORATE BOND OPPORTUNITIES FUND (FICBOF)

Debt & money market securitiesi ssued by pr ivate sector corporate and Public Sector Undertakings including banks, financial institutions, Non-Banking Financial Companies*

65% - 100%

* Including securitised Debt (ABS, MBS, single loan) up to 50%The scheme does not intend to invest in Government Securities and in such debt securities that may have a coupon or payout linked to the performance of an equity/equity index as an underlying (popularly known as ‘equity linked debentures’). It is clarified that the scheme may invest in Treasury Bills (T-Bills) up to the extent mentioned above.The Scheme may invest in Foreign Securities up to 50% of the net assets of the scheme.The scheme may take exposure in derivatives up to a maximum of 50% of its net assets.

CBLO and T-Bills 0% - 35%

RISK MITIGATION


PLANS AND

OPTIONSGrowth Plan and Dividend Plan (with Reinvestment and Payout Options).

Direct - Growth Plan and Direct - Dividend Plan (with Reinvestment and Payout Options).

All the Plans have common portfolio.

APPLICABLE NAV

(after the scheme


and sale)


MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Purchase: Rs.5,000/- or any amount in multiple of Re.1/- thereafterAdditional Purchase: Rs.1,000/- or any amount in multiple of Re.1/- thereafterFresh/additional purchase (including switch-in) by an investor on a single day in each Plan will be allowed / accepted only up to Rs. 20 crores per application.Repurchase: Minimum of Rs.1,000 or ‘All Units’ if the account balance is less than Rs.1,000/-

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


BENCHMARK INDEX Crisil Short Term Bond Fund Index


NAME OF THE


i) Load Structure

Entry Load NilExit Load

EXPENSES OF THE

SCHEME


1. Santosh Kamath2. Sumit Gupta

Tenure of managing the scheme (in years) (Upto June 26, 2017)3.20 Years3.20 Years




10.5%

8.8%

11.9%

6.2%

11.3%

9.1%8.8%

10.4%

8.5%9.1%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%


2.2%*

9.6%

13.0%

7.2%

12.1%

1.9%*

8.8%

10.4%

8.5%9.1%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%


NAME & TENURE

OF THE FUND

MANAGER(S)

NAME & TENURE

OF THE FUND

MANAGER(S)


• Any redemption in excess of the above limit shall be subject to the following exit load: - 3% - if redeemed on or before 12 months from

the date of allotment- 2% - if redeemed after 12 months but within 18

months from the date of allotment- 1% - if redeemed after 18 months but within 24

months from the date of allotment- Nil - if redeemed after 24 months from the date

of allotment*This no load redemption limit is applicable on a yearly basis (from the date of allotment of such units) and the limit not availed during a year shall not be clubbed or carried forward to the next year.

15





i) Load Structure

Entry Load Nil

Exit Load

ii) Recurring expenses(Actual Expenses for thefinancial year endingMarch 2017)

1.83%1.00% (Direct)

EXPENSES OF THE

SCHEME

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


FICBOF Crisil Short - Term Bond Fund Index

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



PERFORMANCE OF




Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

Last 1 year 11.25% 8.82%Last 3 years 10.47% 9.07%Last 5 years N.A N.ASince inception 10.49% 9.04%


FICBOF - Direct

INVESTMENT

OBJECTIVEAn open-end income scheme with an objective to primarly provide investors regular income under the Dividend Plan and capital appreciation under the Growth Plan.


ASSET ALLOCATION

PATTERN OF

THE SCHEME

FRANKLIN INDIA INCOME BUILDER ACCOUNT (FIIBA)

Debentures* (Investment grade, privately placed etc.), Bonds issued by Public Sector Units and other Fixed Income Instruments

Up to 100%

* Includes Securitised Debt up to 40%

Money Market Instruments Up to 20%

Shares Up to 20%

FICBOF-Direct Crisil Short-Term Bond Fund Index

INVESTMENT


RISK PROFILE OF


RISK MITIGATION


PLANS AND

OPTIONS

Choice of two Plans - Plan A, Direct – Plan A

Each Plan offers choice of

- Growth Plan (GP)

- Annual Dividend Plan (AD)

- Half-yearly Dividend Plan (HD)

- Quarterly Dividend Plan (QD)

- Monthly Dividend Plan (MD)

The Dividend Plans further offer choice of Reinvestment and Payout Options.

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


Inception date: June 23, 1997



future.Based on Growth Plan NAVs.

APPLICABLE NAV

(after the scheme


and sale)


MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Purchase: Plan A: Rs.10,000/-Additional Purchase: Plan A: Rs.1,000 and multiples of Re.1 Repurchase: Minimum of Rs.1,000/-

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


BENCHMARK INDEX Crisil Composite Bond Fund Index


NAME OF THE


PERFORMANCE OF


FIIBA Crisil Composite Bond Fund Index




#including investments in Foreign Securities as may be permitted by SEBI/RBI upto the limit specified for applicable asset class in the asset allocation table above.The scheme may take exposure in derivatives up to a maximum of 50% of its AUM.

11.1%

8.8%

11.9%

7.0%

10.7%

9.1% 8.8%

10.4%

8.5%9.1%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%


2.4%*

9.8%

12.9%

7.9%

11.7%

1.9%*

8.8%

10.4%

8.5% 9.1%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%


11.1%

8.1%

13.5%

5.8%

10.9%

9.2%

4.3%

14.7%

8.2%

11.1%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%


NAME & TENURE

OF THE FUND

MANAGER(S)



• Any redemption in excess of the above limit shall be subject to the following exit load:- 3% - if redeemed on or before 12

months from the date of allotment



- Nil - if redeemed after 36 months from the date of allotment

*This no load redemption limit is applicable on a yearly basis (from the date of allotment of such units) and the limit not availed during a year shall not be clubbed or carried forward to the next year.


Inception date: July 09, 2004

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

LONG TERM PLAN



Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

PERFORMANCE OF


COMPOSITE PLAN


Inception date: May 07, 2004

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

PF PLAN

i) Load Structure

Entry Load Nil

Exit Load In respect of each purchase of Units – 0.50% if redeemed within 1 year of allotment


2.08%1.47% (Direct)

EXPENSES OF THE

SCHEME

TAX TREATMENT FOR THE INVESTORS(Unitholders)


DAILY NET ASSET VALUE (NAV)PUBLICATION


FOR INVESTOR GRIEVANCESPLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


RISK PROFILE OF


RISK MITIGATION


PLANS AND

OPTIONS• Composite Plan (CP) with Growth Option and Dividend

Option

• Long Term Plan (LT) with Quarterly Dividend Option

(with Reinvestment & Payout Facility) and Growth

Option

• PF Plan (PF) with Growth Option and Dividend Option

• Direct - Composite Plan with Growth Option and

Dividend Option

• Direct - Long Term Plan with Quarterly Dividend Option

(with Reinvestment & Payout Facility) and Growth

Option

• Direct - PF Plan with Growth Option and Dividend

Option

Composite Plan and PF Plan have a common portfolio. Long

Term Plan has separate portfolio.

INVESTMENT


INVESTMENT

OBJECTIVEAn open end dedicated Gilts scheme with the primary objective to generate credit risk-free return through investments in sovereign securities issued by the Central Government and/or State Government and/or any security unconditionally guaranteed by the Central Government and/or State Government for repayment of Principal and Interest.


ASSET ALLOCATION

PATTERN OF

THE SCHEME

FRANKLIN INDIA GOVERNMENT SECURITIES FUND (FIGSF)

CP/PF

In normal circumstances, the average maturity of the

securities in the Long Term Plan will be over 3 years.

#including investments in Foreign Securities as may be

permitted by SEBI/RBI upto the limit specified for applicable

asset class in the asset allocation table above.

Exposure in derivatives up to a maximum of 50% of AUM

#LT

Securit ies issued byt h e C e n t r a l / S t a t e G o v e r n m e n t a n d / o r securities unconditionally guaranteed by the Central/ State Government for repayment of principaland interest

Up to 100% 70%- 100%

M o n e y m a r k e t instruments and securities held under reverse repos

- 30%

16

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

Last 1 year 11.32% 10.95%Last 3 yearsLast 5 yearsSince inception 10.19% 9.36%

10.37% 10.67%N.A N.A




future. Based on Growth Plan NAVs.*For schemes/plans launched during the year the returns are from inception date.

FIIBA - Direct

APPLICABLE NAV

(after the scheme


and sale)


MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

CP/LT:

Purchase: Rs.10,000 and multiples of Re.1 (Growth Option);

Rs.25,000 and multiples of Re.1 (Dividend Option)

Additional Purchase: Rs.1,000 and multiples of Re.1.

Repurchase: Minimum of Rs.1,000

PF Plan:

Purchase: Rs.25,000 and multiples of Re.1.

Additional Purchase: Rs.5,000 and multiples of Re.1.


DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


BENCHMARK INDEX I-Sec Composite Index (Composite Plan, PF Plan)I-Sec Libex (Long Term Plan)


NAME OF THE


FIIBA-Direct Crisil Composite Bond Fund Index


1. Sachin Padwal-Desai

2. Umesh Sharma

Tenure of managing the scheme (in years) (Upto June 26, 2017)

10.89 Years

6.98 Years

The inception returns of FIGSF – LT and its benchmark havebeen calculated based on the merged fund’s inception datei.e. December 7, 2001.NA - As the scheme was launched before the launch of the benchmark index, benchmark index figures since inception are not available.

1.6%*

9.5%

14.1%

6.7%

11.6%

1.8%*

4.3%

14.7%

8.2%

11.1%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%


NAME & TENURE

OF THE FUND

MANAGER(S)


17

PERFORMANCE OF





FIGSF-Composite Plan I Sec Composite Index FIGSF -Long Term I Sec Libex

FIGSF PF I Sec Composite Index



Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

COMPOSITE PLAN - DIRECT


PF PLAN - DIRECT



Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

LONG TERM PLAN - DIRECT




^^^ Returns upto last NAV declared on March 10, 2014.


TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


i) Load Structure

Entry Load Nil

Exit Load: (CDSC) FIGSF (CP/PF): In respect of each purchase of Units – 0.50% if the Units are redeemed/ switched-out within 3 months of allotmentFIGSF - LT: Nil


1.78% (CP, PF)1.74% (LT)

EXPENSES OF THE

SCHEME

0.67% (Direct - CP, PF) 0.80% (Direct - LT)

I Sec Composite Index FIGSF-Long Term (DIP)FIGSF-Composite Plan (DIP)

I Sec Libex FIGSF-PF (DIP) I Sec Composite Index

Last 1 year 11.93% 10.35%Last 3 years N.A N.ALast 5 years N.A N.ASince inception 9.50% 9.50%

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

INVESTMENT

OBJECTIVEAn open-end income scheme with an objective to providestable returns by investing in fixed income securities.

FRANKLIN INDIA SHORT TERM INCOME PLAN (FISTIP)


ASSET ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT


RISK PROFILE OF


RISK MITIGATION


PLANS AND

OPTIONS• Retail Plan with Growth Option, Weekly Dividend

Option (with Reinvestment facility only), Monthly Dividend Option (with Reinvestment and Payout facility) and Quarterly Dividend Option (with Reinvestment and Payout facility)

• Direct - Retail Plan with Growth Option, Weekly Dividend Option (with Reinvestment facility only), Monthly Dividend Option (with Reinvestment and Payout facility) and Quarterly Dividend Option (with Reinvestment and Payout facility)

Debentures (investment grade, p r i v a t e l y p l a c e d , e t c . ) , government securities and other fixed income instruments*

Up to 100%

* If the scheme decides to invest in securitised debt, it isthe intention of the Fund Manager that such investmentswill not exceed 30% of the corpus of the scheme.#including investments in Foreign Securities as may be permitted by SEBI/RBI upto the limit specified for applicable asset class in the asset allocation table above.The scheme may take exposure in derivatives up to a maximum of 50% of its AUM.

Money market instruments and securities held under reverse repos (including debentures with maturity less than 1 year)

Up to 100%

MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Retail PlanPurchase: Rs.5,000 and multiples of Re.1Additional Purchase: Rs.5,000 and multiples of Re.1Repurchase: Minimum of Rs.1,000

Institutional PlanRepurchase: Minimum of Rs.1,00,000

APPLICABLE NAV

(after the scheme


and sale)




BENCHMARK INDEX Crisil Short-Term Bond Fund Index


8.7

%

1.3

%

20

.1%

5.6

%

11

.1%

11

.6%

3.9

%

15

.7%

8.2

% 10

.9%

9.6

%

0.6

%

20

.5%

5.8

%

11

.4%

13

.3%

1.6

%

20

.1%

7.3

%

12

.5%

8.7

%

1.3

%

20

.1%

5.6

%

11

.1%

11

.6%

3.9

%

15

.7%

8.2

% 10

.9%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%


1.0

%*

1.7

%

20

.9%

6.8

%

12

.3%

2.3

%*

3.9

%

15

.7%

8.2

%

10

.9%

1.1

%

1.6

%

21

.7%

7.0

%

12

.5%

2.2

%

1.6

%

20

.1%

7.3

%

12

.5%

1.0

%*

0.5

%^

^^

12

.3%

2.3

%*

3.0

%^

^^

10

.9%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%


NAME OF THE



1. Santosh Kamath

2. Kunal Agrawal


3.20 Years

3.20 Years

NAME & TENURE

OF THE FUND

MANAGER(S)

INVESTMENT

OBJECTIVEAn open end income scheme with the primary objectiveto provide income consistent with the prudent risk from aportfolio comprising substantially of floating rate debtinstruments, fixed rate debt instruments swapped forfloating rate returns, and also fixed rate instrument andmoney market instruments.

FRANKLIN INDIA SAVINGS PLUS FUND (FISPF)

ASSET ALLOCATION

PATTERN OF

THE SCHEME

Types of Instruments As % of Net Asset#(Min. – Max.)

F i x e d R a t e d e b t instruments:

• Money market instruments (including CPs, CDs, treasury bills, bill rediscounting, gilts less than 1 year, Repos/ Reverse Repos or any other instrument permitted by RBI/SEBI)

• N o n - M o n e y m a r k e t instruments (including bonds & debentures of over 182 days t o m a t u r i t y i s s u e d b y corporates or PSUs, gilts, securitised debt*, f ixed d e p o s i t s o r a n y o t h e r instrument permitted by RBI/ SEBI)

0%

Minimum Maximum

*Investment in securitised debts (including floatingsecuritisation) will not, normally, exceed 35% of the netassets of the scheme.

** Floating rate debt instruments include fixed rateinstruments swapped for floating rate returns#including investments in Foreign Securities as may be permitted by SEBI/RBI upto the limit specified for applicable asset class in the asset allocation table above.

The scheme may take exposure in derivatives up to a maximum of 50% of its AUM.

35%

Floating Rate debt instruments**:

• Money market instruments with residual maturity of upto 182 days (Money at call, CPs, CDs, bill rediscounting, or any other instrument permitted by RBI/SEBI)

• N o n - M o n e y m a r k e t in s t rument s ( inc lud ing f l oa t ing r a t e bonds & d e b e n t u r e s i s s u e d b y corporates or PSUs, floating rate gilts, inverse floaters, floating rate bank deposits, floating rate securitised debt*, fixed rate debentures/ bonds with swap, mibor linked debentures or any other instrument permitted by RBI/SEBI, fixed rate bonds & debentures with residual maturity of upto 182 days issued by corporates or PSUs, gilts, securitised debt*)

65% 100%


1.57% (RP)1.18% (IP)0.92% (RP - Direct)

18

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


i) Load Structure

Entry Load Nil

Exit Load • Upto 10% of the Units may

be redeemed without any

exit load within 1 year from

the date of allotment.

• Any redemption in excess

of the above limit shall be

subject to the following exit

load:

- 0.50% - if redeemed on or

before 1 year from the

date of allotment

- Nil - if redeemed after 1

year from the date of

allotment

EXPENSES OF THE

SCHEME

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)





future.

Based on Growth Plan NAVs.

PERFORMANCE OF


RETAIL PLAN

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


Inception date: September 06, 2005

#INSTITUTIONAL PLAN

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



FISTIP – RETAIL PLAN - DIRECT



FISTIP - Retail Plan (Direct) Crisil Short- Term Bond Fund Index


# These Plan(s) and all the Option(s) offered under the Plan(s) are suspended for further subscription.

FISTIP - Retail Plan Crisil Short-Term Bond Fund Index

FISTIP - Institutional Plan# Crisil Short-Term Bond Fund Index

10

.4%

9.1

%

11

.9%

6.0

%

11

.1%

9.1

%

8.8

% 10

.4%

8.5

%

9.1

%

10

.7%

9.5

%

12

.3%

6.4

%

11

.5%

9.1

%

8.8

%

10

.4%

8.5

%

9.1

%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%


2.3%*

10.0%

12.9%

7.0%

11.8%*

1.9%*

8.8%

10.4%

8.5% 9.1%*

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%



INVESTMENT


RISK PROFILE OF


RISK MITIGATION


PLANS AND

OPTIONS

- Retail Plan with Daily Dividend Option (with Reinvestment Facility only)

- Direct - Retail Plan with Daily Dividend Option (with Reinvestment Facility only)

- Retail Plan with Growth Option and Monthly & Quarterly Dividend Option (with Reinvestment & Payout Facility)

- Direct - Retail Plan with Growth Option and Monthly & Quarterly Dividend Option (with Reinvestment & Payout Facility)

APPLICABLE NAV

(after the scheme


and sale)


TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


i) Load Structure

Entry Load Nil

Exit Load NIL


0.34% (Retail)0.84% (Institutional)0.12% (Retail - Direct Plan)

EXPENSES OF THE

SCHEME

MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Retail Option:Purchase: Rs.10,000 and multiples of Re.1Additional Purchase: Rs.1,000 and multiples of Re.1Repurchase: Minimum of Rs.1,000

Institutional Option:Repurchase: Minimum of Rs.1,00,000

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


BENCHMARK INDEX Crisil Liquid Fund Index


NAME OF THE


FISPF- Retail Plan Crisil Liquid Fund Index

19

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


Inception date: February 11, 2002

PERFORMANCE OF


RETAIL PLAN



Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



FISPF - RETAIL PLAN - DIRECT


ASSETS UNDER


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



FISPF - Retail Plan (Direct) Crisil Liquid Fund Index


1. Pallab Roy



9.01 Years

10.98 Years

INVESTMENT

OBJECTIVEAn open-ended income scheme having an objective to earnregular income for investors through investmentsprimarily in highly rated debt securities.

FRANKLIN INDIA LOW DURATION FUND (FILDF)

Types of Instruments As % of Net Asset#(Min. – Max.)

ASSET ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT


RISK PROFILE OF


RISK MITIGATION


PLANS AND

OPTIONS

• Monthly Dividend Plan (MD)

• Quarterly Dividend Plan (QD)

• Growth Plan (GP)

• Direct – Monthly Dividend Plan

• Direct – Quarterly Dividend Plan

• Direct – Growth Plan

The Dividend Plans further offers Reinvestment and Payout Options.

Debt including Corporate Debt,PSU Bonds, Gilts and Securitised Debt

10% - 80%

Money Market Instruments 20% - 90%

#including investments in Foreign Securities as may bepermitted by SEBI/RBI upto the limit specified for applicableasset class in the asset allocation table above.The scheme may take exposure in derivatives up to a maximum of 50% of its AUM.

Past performance may or may not be sustained in future.Based on Growth Plan NAVs.

9.2% 9.3% 9.1%

8.1% 8.0%8.2%

9.5%9.1%

8.1%

7.1%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%


1.9%*

9.7% 9.7%8.8%

8.2%

1.9%*

9.5% 9.1%

8.1%7.1%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%


NAME & TENURE

OF THE FUND

MANAGER(S)


APPLICABLE NAV

(after the scheme


and sale)


MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Purchase: Rs.25,000 and multiples of Re.1(MD & QD);Rs.10,000 and multiples of Re.1 (GP)Additional Purchase: Rs.5,000 (MD & QD); Rs.1,000 (GP) and multiples of Re.1.Repurchase: Minimum of Rs.1,000 (All plans)

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


BENCHMARK INDEX Crisil Short-Term Bond Fund Index


NAME OF THE


PERFORMANCE OF


Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


GROWTH PLAN

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


MONTHLY DIVIDEND PLAN

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


QUARTERLY DIVIDEND PLAN

20



future.

#Index adjusted for the period April 1, 2002 to November29, 2010 with the performance of Crisil MIP BlendedIndex. Load has not been taken into consideration. Performance of dividend plan / option would be at the gross rates. Dividends assumed to be reinvested and Bonus is adjusted.

Inception date: February 07, 2000. Growth Plan wasintroduced in the scheme w.e.f. July 26, 2010 and hence,returns are calculated based on Dividend Plan.NA - As the scheme was launched before the launch of the benchmark index, benchmark index figures since inception are not available.

FILDF - Quarterly Crisil Short - Term Bond Fund Index #

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


FILDF - Direct






TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME


i) Load Structure

Entry Load Nil

Exit Load In respect of each purchase of Units – 0.50% if the Units areredeemed/ switched-out within 3 months of allotment.


0.78%0.47% (Direct)

EXPENSES OF THE

SCHEME


ASSETS UNDER


FILDF-Direct Crisil Short-Term Bond Fund Index

INVESTMENT

OBJECTIVEAn open-end income scheme (with no assured returns) with an objective to provide regular income through a portfolio of predominantly high quality fixed income securities with a maximum exposure of 20% to equities.

FRANKLIN INDIA MONTHLY INCOME PLAN (FIMIP)


ASSET ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT


RISK PROFILE OF


RISK MITIGATION


PLANS AND

OPTIONSChoice of two Plans - Plan A, Direct – Plan A

Each Plan offers choice of

- Growth Plan (GP)

- Quarterly Dividend Plan (QD)

- Monthly Dividend Plan (MD)

The Dividend Plans further offer choice of Reinvestment and Payout Options.

Fixed Income instruments * including cash and money market instruments

Up to 100%


Equities Up to 20%

APPLICABLE NAV

(after the scheme


and sale)



1. Santosh Kamath

2. Kunal Agrawal


3.20 Years

3.20 Years

#including investments in Foreign Securities as may be permitted by SEBI/RBI upto the limit specified for applicable asset class in the asset allocation table above.Exposure in derivatives up to a maximum of 50% of AUM

9.9% 9.8%10.1%

9.1%

10.2%

9.1% 8.8%

10.4%

8.5%9.1%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%


2.2%*

10.1%

10.5%

9.4%

10.5%

1.9%*

8.8%

10.4%

8.5%9.1%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%


NAME & TENURE

OF THE FUND

MANAGER(S)

i) Load Structure

Entry Load Nil

Exit Load • Upto 10% of the Units may be redeemed without any exit load within 1 year from the date of allotment.

• Any redemption in excess of the above limit shall be subject to the following exit load: - 1% - if redeemed on or before

1 year from the date of allotment

- Nil - if redeemed after 1 year from the date of allotment


2.26%1.51% (Direct)

EXPENSES OF THE

SCHEME

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


21

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


BENCHMARK INDEX Crisil MIP Blended Index


NAME OF THE


MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Purchase:

Plan A : Rs.10,000 and in multiples of Re.1. (All Options)

Additional Purchase: Rs.1,000 and in multiples of Re.1. (All Options)




Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



PERFORMANCE OF



FIMIP Crisil MIP Blended Index



Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



FIMIP - DIRECT


FIMIP-Direct Crisil MIP Blended Index

INVESTMENT

OBJECTIVEAn open end Liquid scheme with an objective to provide current income along with high liquidity.

FRANKLIN INDIA TREASURY MANAGEMENT ACCOUNT (FITMA)

Types of Instruments

Allocation as #% of net assets

ASSET ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT


RISK PROFILE OF


RISK MITIGATION


Money Market Instruments

Debentures grade,

placed etc.)*

50% - 100% Low

0% - 50% Low to(investment Medium privately

*including securitised debt up to 30%#including investments in Foreign Securities as may be permitted by SEBI/RBI upto the limit specified for applicable asset class in the asset allocation table above.


Risk Profile

PLANS AND

OPTIONSSuper Institutional Plan offers choice of Growth Option,

Weekly Dividend Option (with Reinvestment and Payout

facility) and Daily Dividend Reinvestment Option

Direct - Super Institutional Plan offers choice of

Growth Option, Weekly Dividend Option (with Reinvestment

and Payout facility) and Daily Dividend Reinvestment Option.

APPLICABLE NAV

(after the scheme


and sale)


MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Super Institutional:

Purchase: Rs.10,000 (Rs.25 lakhs in WDP)

Additional Purchase: Rs.1,000 (Rs.1 lakh in WDP)


Additional amount in multiple of Re.1

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST




1. Sachin Padwal-Desai & Umesh Sharma (Debt)

2. Lakshmikanth Reddy (Equity)

3. Srikesh Nair (dedicated for foreign securities)


6.98 Years

1.15 Years

1.57 Years

9.7% 9.3%

22.4%

4.0%

10.7%9.1%

6.5%

16.4%

5.7%

12.3%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%


0.1%*

10.0%

23.2%

5.1%

11.6%

0.8%*

6.5%

16.4%

5.7%

12.3%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%


NAME & TENURE

OF THE FUND

MANAGER(S)


TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


22

INVESTMENT

OBJECTIVEAn open end income scheme with an objective to provide a combination of regular income and high liquidity by investing primarily in a mix of short term debt and money market instruments.

FRANKLIN INDIA ULTRA SHORT BOND FUND (FIUBF)


ASSET ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT


Debt securities* with maturity up to 12 months and Money Market Instruments

70% - 100%

* including Government Securities and Securitised Debt up to 100%, exposure in derivatives up to a maximum of 50%, investments in Foreign Securities as may be permitted by SEBI/RBI up to 50% of the net assets of the scheme.

Debt securities* with maturity over 12 months

0% - 30%

RISK PROFILE OF


RISK MITIGATION


PLANS AND

OPTIONSSuper Institutional Plan offers choice of Growth Option,

Weekly Dividend Option (with Reinvestment and Payout

Facility) and Daily Dividend (Reinvestment) Option

Direct - Super Institutional Plan offers choice of

Growth Option, Weekly Dividend Option (with Reinvestment

and Payout Facility) and Daily Dividend (Reinvestment)

Option

APPLICABLE NAV

(after the scheme


and sale)


MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Super Institutional Plan:Purchase: Rs.10,000 and multiples of Re.1Additional Purchase: Rs.1000 and multiples of Re.1Repurchase: Minimum of Rs.1000

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST





1. Pallab Roy



9.01 Years

9.53 Years

i) Load Structure

Entry Load Nil

Exit Load Nil


EXPENSES OF THE

SCHEME

Regular Plan: 0.86%

Institutional Plan: 0.61%

Super Institutional Plan: 0.19%

Super Institutional Plan - Direct : 0.13%





Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



FITMA - SUPER INSTITUTIONAL PLAN - DIRECT

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


Inception date: April 29, 1998

PERFORMANCE OF


#REGULAR PLAN

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



#INSTITUTIONAL PLAN


Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



SUPER INSTITUTIONAL PLAN

FITMA - Regular Plan# Crisil Liquid Fund Index FITMA - Institutional Plan#

Crisil Liquid Fund Index FITMA - Super Institutional Plan Crisil Liquid Fund Index

FITMA - Super Instituitional Plan (Direct) Crisil Liquid Fund Index


8.7

%

9.0

%

8.5

%

7.7

%

6.5

%

8.2

% 9.5

%

9.1

%

8.1

%

7.1

%

9.0

%

9.3

%

8.7

%

7.9

%

6.8

%

8.2

% 9.5

%

9.1

%

8.1

%

7.1

%

9.4

%

9.6

%

9.1

%

8.4

%

7.2

%8.2

% 9.5

%

9.1

%

8.1

%

7.1

%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%


8.8%*9.6%

9.1%8.4%

7.3%8.0%*

9.5% 9.0%

8.0%7.1%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%


NAME & TENURE

OF THE FUND

MANAGER(S)


NAME OF THE



1. Pallab Roy



9.01 Years

10.89 Years

NAME & TENURE

OF THE FUND

MANAGER(S)

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


23

NAME OF THE


Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


Inception date: December 18, 2007.

PERFORMANCE OF


#RETAIL PLAN

Compounded

Annualised ReturnsScheme

Returns (%)

Benchmark

Returns (%)



#INSTITUTIONAL PLAN

Compounded


Returns (%)

Benchmark

Returns (%)



SUPER INSTITUTIONAL PLAN


Past performance may or may not be sustained in future. Based on Growth Plan NAVs.

FIUBF - Retail# FIUBF - Institutional#

FIUBF - Super Institutional Crisil Liquid Fund Index

Compounded


Returns (%)

Benchmark

Returns (%)



FIUBF – SUPER INSTITUTIONAL - DIRECT





i) Load Structure

Entry Load Nil

Exit Load Nil


EXPENSES OF THE

SCHEME

0.86% - Retail Plan

0.66% - Institutional Plan

0.30% - Super Institutional Plan

0.23% - Super Institutional Plan (Direct)

INVESTMENT

OBJECTIVEThe fund seeks to provide regular income through a portfolio of debt and money market instruments consisting predominantly of securities issued by entities such as Banks and Public Sector Undertakings (PSUs).

However, there is no assurance or guarantee that the objective of the scheme will be achieved.

FRANKLIN INDIA BANKING & PSU DEBT FUND (FIBPDF)

Instruments As % of Net Assets(Min. – Max.)

ASSET ALLOCATION

PATTERN OF

THE SCHEME

Debt and Money Market Instruments issued by Banks, Public Sector Undertakings (PSUs) , Publ ic Financia l Institutions(PFIs)

80% - 100%

* Including securitised Debt (ABS, MBS, single loan) up to 20%

• The Scheme may invest in derivatives of fixed income instruments up to a maximum of 50% of its net assets. The cumulative gross exposure through debt and derivative positions should not exceed 100% of the net assets of the Scheme.

• The scheme shall not invest in foreign securities.

• The scheme shall not participate in repo in corporate debt securities.

• The Scheme may engage in securities lending in accordance with the guidelines issued by SEBI.

• If permitted by SEBI Regulations, the Scheme may engage in short selling of securities in accordance with the guidelines issued by SEBI.

Debt* and Money Market Instruments issued by other entities; Gilt Securities and State Development Loans (SDLs)

0% - 20%

INVESTMENT


RISK PROFILE OF


RISK MITIGATION


PLANS AND

OPTIONS

Growth Plan

Dividend Plan (with Reinvestment and Payout Facility)

Growth Plan - Direct

Dividend Plan – Direct (with Reinvestment and Payout

Facility)

APPLICABLE NAV

(after the scheme


and sale)


Under normal market circumstances, the investment rangewould be as follows:

MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Purchase Additional

Purchase

Repurchase

Rs.5,000/- orany amount in

multiple of Re.1/- thereafter

Rs.1,000/- or any amount in

multiple of Re.1/- thereafter

Rs.1,000/- or any amount in

multiple of Re.1/- thereafter or ‘All

Units’ if the account balance

is less than Rs.1,000/-


FIUBF - Super Institutional (Direct) Crisil Liquid Fund Index

9.3

% 9.7

%

9.4

%

9.0

%

8.9

%

9.5

%

10

.0%

9.6

%

9.2

%

9.1

%

9.9

% 10

.4%

10

.0%

9.6

%

9.5

%

8.2

%

9.5

%

9.1

%

8.1

%

7.1

%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%


2.1%*

10.4% 10.1% 9.7% 9.6%

1.9%*

9.5% 9.1%8.1%

7.1%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%


Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



PERFORMANCE OF




Compounded


Returns (%)

Benchmark

Returns (%)



FIBPDF-DIRECT





FIBPDF-Direct

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


BENCHMARK INDEX CRISIL Composite Bond Fund Index


NAME OF THE


i) Load Structure

Entry Load Nil

Exit Load NIL


EXPENSES OF THE

SCHEME

0.52%0.13% (Direct)

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


24

FIBPDF Crisil Composite Bond Fund Index

Crisil Composite Bond Fund Index

INVESTMENT

OBJECTIVEAn open-end liquid scheme with the objective to provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market and debt instruments.

FRANKLIN INDIA CASH MANAGEMENT ACCOUNT (FICMA)

Types of Instruments Normal Allocation (% of Net Assets)

ASSET ALLOCATION

PATTERN OF

THE SCHEME

Money Market Instruments & Cash & Deposits (including- money at Call, mibor, linked instruments and Fixed Deposits)

65% - 100%

*It is the intention of the Fund that the investments in securitised debts will not, normally, exceed 35% of the corpus of the scheme.


Debt including Corporate Debt, PSU Bonds, Gilts and Securitised debt.

0% - 35%



1. Umesh Sharma



3.17 Years

3.17 Years

10.2%*

7.1%

8.7%

13.8%*

8.2%

11.1%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

Mar-15 Mar-16 Mar-17

10.8%*

7.7%9.1%

13.8%*

8.2%

11.1%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%


NAME & TENURE

OF THE FUND

MANAGER(S)

INVESTMENT


RISK PROFILE OF


RISK MITIGATION


PLANS AND

OPTIONS

Growth Plan

Dividend Plan (with Reinvestment facility only)

Direct - Growth Plan

Direct - Dividend Plan (with Reinvestment facility only)

APPLICABLE NAV

(after the scheme


and sale)


MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Purchase Additional

Purchase

Repurchase

Rs.1,000 and multiples of Re.1

thereafter

Rs.1,000 and multiples of Re.1

thereafter

Minimum of Rs.1,000/-

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST




NAME OF THE



1. Pallab Roy

2. Umesh Sharma


10.89 Years

6.98 Years

NAME & TENURE

OF THE FUND

MANAGER(S)

25

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


Inception date: April 23, 2001.

PERFORMANCE OF




Compounded


Returns (%)

Benchmark

Returns (%)



FICMA-DIRECT





FICMA-Direct

FICMA Crisil Liquid Fund Index

Crisil Liquid Fund Index

i) Load Structure

Entry Load Nil

Exit Load Nil


EXPENSES OF THE

SCHEME

0.95%0.33% (Direct)

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


6.9% 7.3%6.8%

6.1% 6.1%

8.2%

9.5%9.1%

8.1%7.1%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%


6.7%*

7.9% 7.9%7.1% 6.8%

8.0%*

9.5%9.0%

8.0%7.1%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%


Inception date: April 23, 2001.NA - As the scheme was launched before the launch of the benchmark index, benchmark index figures since inception are not available.

26

Portfolio Details

Portfolio Details (as on May 31, 2017)

FRANKLIN INDIA DYNAMIC ACCRUAL FUND

Top 10 Holding- Issuer Wise* % to NAV

Dewan Housing Finance Corp Ltd 4.85

Yes Bank Ltd 4.42

Greenko Solar Energy Private Limited 3.72

Aditya Birla Retail Limited 3.69

Indusind Bank Ltd 3.33

Hinduja Leyland Finance Ltd 3.25

RKN Retail Pvt Ltd 3.16

Renew Power Ventures Pvt Ltd 3.03

Future Enterprises Ltd 2.98

KKR India Financial Services Pvt Ltd 2.76

Sector Allocation % to NAV

Financial Services 31.44

Energy 14.09

Consumer Goods 12.71

Construction 12.48

Services 10.81

Metals 5.36

Telecom 4.13

Call, cash and other current asset 3.72

Media & Entertainment 3.34

IT 1.92

* Excludes Call, Cash and Other Current Assets.

Portfolio Turnover Ratio - Last one year ended May 31, 2017 - Not Applicable

FRANKLIN INDIA INCOME BUILDER ACCOUNT


Dolvi Minerals And Metals Limited 8.38

DLF Ltd 6.25

Pri-Media Services Pvt Ltd 5.86

Reliance Broadcast Network Ltd 5.40

Reliance Infrastructure Ltd 5.10

GOI 4.74

Yes Bank Ltd 4.51


Vedanta Ltd 4.14

Bhavna Asset Operators Private Ltd 4.13



Metals 18.69

Services 14.76


Construction 8.87

Energy 7.46

Sovereign 4.74

Consumer Goods 4.39

IT 2.09




FRANKLIN INDIA CORPORATE BOND OPPORTUNITIES FUND


Essel Infraprojects Ltd 6.36



Reliance Communications Enterprises Pvt Ltd 4.27

Reliance Project Ventures And Management Pvt Ltd 4.10

DLF Ltd 4.03

Tata Teleservices Maharashtra Ltd 3.71

AU Small Finance Bank Ltd 3.53

Nufuture Digital (India) Ltd 3.34

Yes Bank Ltd 3.24



Construction 15.43

Services 12.29

Energy 11.87

Consumer Goods 9.41

Metals 8.37

Telecom 4.82

IT 3.34





FRANKLIN INDIA INCOME OPPORTUNITIES FUND


Jindal Power Ltd 6.33


DLF Ltd 5.02

Reliance Communications Enterprises Pvt Ltd 4.96


Aditya Birla Retail Limited 4.18

Edelweiss Commodities Services Ltd 4.08

OPJ Trading Private Ltd 4.03


Wadhawan Global Capital Pvt Ltd 3.51




Services 15.68

Energy 15.57

Construction 10.50

Metals 4.26


IT 2.00

Textiles 1.71


Telecom 0.10



Note: All securities belonging to a given sector are considered for this disclosure. It may be noted that Sector exposure limits are monitored as per applicable SEBI Regulations/ circulars. This disclosure does not represent the exposure as per aforesaid Regulatory limits.




Scheme’s latest monthly portfolio holding can be viewed on http://bit.ly/2tnMV7G under Monthly Portfolio Disclosure.

27

Portfolio Details

FRANKLIN INDIA LOW DURATION FUND


Housing Development Finance Corp Ltd 6.33

ICICI Bank Ltd 5.96

Yes Bank Ltd 4.41


Export-Import Bank Of India 3.65


Sprit Textiles Private Limited 3.28


Piramal Realty Private Limited 3.21




Services 16.47

Construction 7.85

Energy 5.77


Telecom 4.65

Consumer Goods 4.57

Textiles 3.28

Metals 2.05


Automobile 0.31



FRANKLIN INDIA GOVERNMENT SECURITIES FUND - Composite Plan

and PF Plan


GOI 90.54


Sovereign 90.54

Call, Cash and Other Current Asset 9.46




FRANKLIN INDIA GOVERNMENT SECURITIES FUND - Long Term Plan


GOI 95.89


Sovereign 95.89

Call, cash and other current asset 4.11* Excludes Call, Cash and Other Current Assets.



FRANKLIN INDIA SHORT TERM INCOME PLAN



DLF Ltd 4.59


Greenko Solar Energy Private Limited 4.40





Essel Corporate Resources Pvt Ltd 3.60

Yes Bank Ltd 3.55



Energy 17.10

Services 15.09

Consumer Goods 9.44

Construction 7.96

Metals 6.79


Textiles 3.88

Telecom 2.65







FRANKLIN INDIA SAVINGS PLUS FUND


Kotak Mahindra Prime Ltd 9.24

ICICI Bank Ltd 9.21

Reliance Broadcast Network Ltd 7.90

HDFC Bank Ltd 7.77


Mahindra & Mahindra Financial Services Ltd 7.70

KKR India Financial Services Pvt Ltd 4.86

National Bank For Agriculture And Rural Development 4.73


Ceat Ltd 4.72




Automobile 4.72

Telecom 4.44

Metals 4.17

Energy 3.18

Services 3.17

Consumer Goods 2.20

Chemicals 1.60






28

Portfolio Details


FRANKLIN INDIA TREASURY MANAGEMENT ACCOUNT




Reliance Jio Infocomm Limited 5.20

IDBI Bank Ltd 5.02

Future Retail Ltd 4.97

Magma Fincorp Ltd 4.60

Altico Capital India Pvt Ltd 4.56


PNB Housing Finance Ltd 3.91

Aditya Birla Finance Ltd 3.80




Telecom 7.70

Services 5.68

Consumer Goods 4.97

Sovereign 3.66

Chemicals 2.23

Automobile 1.95




FRANKLIN INDIA ULTRA SHORT BOND FUND



Equitas Small Finance Bank Ltd 4.45



Hinduja Leyland Finance Ltd 4.14

Vedanta Ltd 3.97


ATC Telecom Infrastructure Ltd 3.77





Construction 9.99

Services 9.90

Energy 7.35

Consumer Goods 6.82

Textiles 5.82

Metals 4.30


Telecom 3.77

Automobile 3.27





FRANKLIN INDIA BANKING & PSU DEBT FUND


NHPC Ltd 8.64

Small Industries Development Bank Of India 8.56

Ongc Mangalore Petrochemicals Ltd 8.54

NTPC Ltd 8.26

IDFC Bank Ltd 7.34



ICICI Bank Ltd 5.74

Power Grid Corp Of India Ltd 4.37




Energy 21.27

Chemicals 8.54

Telecom 7.17




FRANKLIN INDIA MONTHLY INCOME PLAN


GOI 31.40


Volkswagen Finance Pvt Ltd 6.67

State Bank Of India 5.68


DLF Promenade Ltd 4.10

Tata Power Co Ltd 3.88

Vedanta Ltd 3.34


Tata Steel Ltd 2.28


Financial Services 34.16Sovereign 31.40Metals 7.26Services 5.31Energy 5.18Telecom 3.63Automobile 3.26Call, cash and other current asset 3.16Consumer Goods 2.33IT 1.34Pharma 1.28Construction 0.43Chemicals 0.42Industrial Manufacturing 0.42Media & Entertainment 0.40





29

Franklin India GovernmentSecurities Fund(FIGSF)No. of Folios:CP: 1377PF: 48LT: 2790

Assets UnderManagement (AUM):FIGSF - CPRs. 54.78 croresFIGSF - PFRs. 13.31 croresFIGSF - LTRs. 369.35 crores

Seeks to providecapital appreciationby primarilyinvesting in Indiangovernmentsecurities andactively managingthe portfolioduration based onmarket conditions

An income fund which predominantly invests in government securities based on market outlook.

Scheme name,No. of Folios &Assets UnderManagement(AUM)

Investment

Strategy

Product

positioning

Income Funds

Franklin India

Income Builder

Account (FIIBA)

No. of Folios:11141

Assets UnderManagement (AUM):Rs. 977.23 crores

Strives to deliversuperior risk-adjusted returns byactively managinga portfolio of highquality fixed income securities.

An income fund that primarily focuses on duration with a potential for higher accrual gains.

Franklin India Dynamic Accrual Fund (FIDA)

No. of Folios:16257

Assets Under Management (AUM):Rs. 2426.79 crores

Looks to earnsteady returns inthe fixed incomemarket byactively managingthe fund’s portfolioon interest ratemovements andcredit risks.

An income fund that primarilyfocuses on accrual in come with a potential for capital gains through duration.

Franklin IndiaLow DurationFund (FILDF)

No. of Folios:26399


Strives to earnsteady returns inthe fixed incomemarket by activelymanaging theportfolio while maintaining a lowduration

An income fund which endeavours to invest at the short end of the yield curve by primarily investing in corporate bond and other fixed income instruments.

Franklin IndiaUltra Short BondFund (FIUBF)

No. of Folios:75574

Assets UnderManagement(AUM):Rs. 10477.74 crores

Strives to strike anoptimum balancebetween regularincome and highliquidity through ajudicious mix of shortterm debt and moneymarket instruments.

A fixed income fund investing in short term debt and money market instruments, while generally keeping portfolio average maturity upto 12 Months.

Franklin India Monthly Income Plan (FIMIP)

No. of Folios:13427


The debt portionwill be primarilyinvested in highquality fixedincome securities.For the equityportion, the schemefollows a blend ofvalue andgrowth style ofinvesting and abottom-up approachto stock-picking.

An MIP investing predominantly in debt instruments with marginalequity exposure.

Franklin IndiaShort TermIncome Plan (FISTIP)

No. of Folios:44584


Focuses oninvestmentopportunities at theshort-end of thecurve.

A fixed income fund investing in opportunities at the shorter end of the curve, with focus on higher accrual.

Franklin IndiaSavings PlusFund (FISPF)

No. of Folios:8998


Looks to minimisethe risk arising frominterest rate fluctuations.

An income fund which endeavours to invest at the short end of the yield curve by primarily investing in money marketand other fixed income instruments with high credit rating.

Franklin IndiaIncome OpportunitiesFund (FIIOF)

No. of Folios:17765


Focuses on emergingopportunities in thefixed income marketand has the flexibilityto take concentratedexposure to aparticular securityclass based onmacro/ micro analysis.Investment Universe:PTCs/ corporate debtand money marketsecurities

A fixed income fund that may take concentrated exposure to Corporate Bonds, Gilts or Securitized Debt depending on market opportunities.

Scheme Comparision

Liquid Funds

Franklin India TreasuryManagement Account(FITMA)

No. of Folios:95382


Strives to provide steady income and high liquidity through a judicious mix of short term debt andmoney marketinstruments.

A liquid fund that invests in short term and money market instruments.

Franklin India

Banking & PSU

Debt Fund

(FIBPDF)

No. of Folios:1723


The fund is managed with investments focused on debt and money market instruments consisting predominantly of securities issued by entities such as Banks Public Sector undertakings and Public Financial Institutions (PFIs). The fund may also seek exposure in Gilt Securities and State Development Loans in order to maintain an optimum balance of yield, safety and liquidity. The fundwill follow an active investment strategywithin the overallmandate, dependingon opportunitiesavailable at variouspoints in time.

An income fund thatinvests predominantly in debt and money market instruments issued by Banks, Public Sector Undertakings and Public Financial Institutions

Note:The data on No. of Folios and Assets Under Management is as on May 31, 2017.

Franklin India Corporate Bond OpportunitiesFund (FICBOF)

No. of Folios:41981


The general maturity/duration range for theportfolio in relationto the market basedon its interest rateoutlook will be arrivedat after a rigorous andclose monitoring ofvarious macro variables.The shifts within thisrange are thendetermined by shortterm cyclical trends inthe economy.

A fixed income fund that invests predominantlyin corporate bonds while maintaining an average maturity of upto 3 years.

Franklin India CashManagement Account(FICMA)

No. of Folios:7134


Invests in short term debt and money market instruments, with high liquidity and low credit risk as its main objectives.

Invests in money market and short term instruments

Portfolio Details


FRANKLIN INDIA CASH MANAGEMENT ACCOUNT


GOI 21.21


PNB Housing Finance Ltd 6.93

Indostar Capital Finance Ltd 4.68

Aditya Birla Finance Ltd 4.64



Gujarat Fluorochemicals Ltd 4.59


Fiat India Automobiles Private Limited 4.06



Sovereign 21.21


Services 4.61

Chemicals 4.59

Automobile 4.06

Consumer Goods 4.06

Telecom 3.50





Investment

Strategy

Product

positioning

Product

positioning

Investment

Strategy



12.Scientific and/or industrial research organizations.13.Other Associations, Institutions, Bodies etc. authorized to

invest in the units of mutual funds.14.Such other individuals/institutions/body corporate etc., as

may be decided by the AMC from time to time, so long as wherever applicable they are in conformity with SEBI Regulations.

15.The Mutual Fund Schemes/ Alternative Investment Funds can also invest in Franklin Templeton Schemes, subject to SEBI regulations applicable from time to time.

Units of the schemes of Franklin Templeton Mutual Fund is an eligible investment for charitable and religious trusts under the provisions of Section 11(5)(xii) of the Income Tax Act, 1961, read with Rule 17C of the Income Tax Rules, 1962. Further, the Government of Maharashtra has authorized and declared the following schemes as ‘public security’ under the Bombay Public Trusts Act, 1950 in its order dated January 19, 2002: Templeton India Income Fund, Templeton India Government Securities Fund and Templeton Monthly Income Plan. (Now known as Franklin India Dynamic Accrual Fund, Franklin India Government Securities Fund and Franklin India Low Duration Fund)

FIGSF-PF:The units of PF Plan under FIGSF can be purchased by the f o l l ow ing en t i t i e s ( sub j ec t t o the app l i c ab l e legislation/regulations governing such entities):1. Provident Funds2. Superannuation, Pension, Welfare and Gratuity Funds3. Charitable or Religious Trusts authorized to invest in units

of mutual funds4. Trustees of Private Trusts authorized to invest5. Any other retirement benefit funds, introduced from time

to time.

Default Option

Scheme Default OptionFIIBA Plan A, Annual Dividend

Reinvestment OptionFIBPDF, FIIOF, Dividend ReinvestmentFICBOF, FIDAFISTIP Weekly Dividend Reinvestment

OptionFITMA Super Institutional Plan -

Weekly Dividend Reinvestment Option

FIGSF Composite Plan - DividendReinvestment Option

FISPF Retail Plan - Quarterly DividendReinvestment

FIMIP Plan A - Monthly DividendReinvestment Option

FILDF Monthly Dividend Reinvestment FIUBF Daily Dividend (Reinvestment)

OptionThe Trustee/AMC reserves the right to alter/vary the default plan/option, and the terms and conditions of these facilities and privileges, after giving notice. The trustee is entitled, in it’s sole and absolute discretion, to reject any Application.

Trustee Company:Franklin Templeton Trustee Services Pvt. Ltd., a company set up under the Companies Act 1956, and approved by SEBI to act as the Trustee to the schemes of Franklin Templeton Mutual Fund.Despatch of Repurchase (Redemption) RequestThe redemption proceeds will be despatched to the unitholders within the regulatory time limit of 10 business days of the receipt of the valid redemption request at the Official Points of Acceptance of Transactions (OPAT) of the Mutual Fund.Applicable NAV1) For Debt/Income (other than liquid) schemes:

a. Purchases including switch-in

For amount less than Rs.2 lacsIn respect of valid applications received* up to 3.00 p.m. by the Mutual Fund along with a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the day on which application is received shall be applicable.In respect of valid applications received* after 3.00 p.m. by the Mutual Fund along with a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the next business day shall be applicable.However, in respect of valid applications with outstation cheques/demand drafts not payable at par at the place where the application is received*, closing NAV of the day on which cheque/demand draft is credited to the account of Franklin Templeton Mutual Fund shall be applicable.For amount Rs.2 lacs or more:In respect of valid applications received* up to 3:00 p.m. by the Mutual Fund and the funds are available for utilisation on the same day before the cut-off time (3.00 p.m.) - the closing NAV of the day on which the funds are available for utilisation shall be applicable.In respect of valid applications received* after 3:00 p.m. by the Mutual Fund and the funds are available for utilisation on the same day - the closing NAV of the Business Day following the day on which the funds are available for utilisation shall be applicable.However, irrespective of the time of receipt of application, where the funds are not available for utilisation on the day of the application, the closing NAV of the Business Day on which the funds are available for utilisation before the cut-off time (3:00 p.m.) shall be applicable provided the application is received* prior to availability of the funds.For determining the availability of funds for utilisation, the funds for the entire amount of subscription/purchase (including switch-in) as per the application should be credited to the bank account of the scheme before the cut-off time and the funds are available for utilisation before the cutoff time without availing any credit facility whether intra-day or otherwise, by the respective scheme.Note - For all schemes other than Liquid scheme (FITMA/FICMA):The applicability of Net Asset Value (NAV) for on-going subscriptions for all the schemes except liquid schemes (FITMA) will be as follows:

Risk Profile of the SchemesMutual Fund Units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below:Different types of securities in which the scheme would invest carry different levels and types of risks. Accordingly the scheme's risk may increase or decrease depending upon its investment pattern.Investments in debt instruments are subject to various risks such as credit/default risk, interest rate risk, reinvestment risk, liquidity risk etc.E.g. corporate bonds carry a higher amount of risk than Government securities. Further even among corporate bonds, bonds which are AAA rated are comparatively less risky than bonds which are AA rated.

Credit Risk: This refers to the risk that an issuer of a fixed income security may default (i.e. will be unable to make timely principal and interest payments on the security). In case of FIIOF and FICBOF, the scheme may predominantly invest in AA/ A rated securities which carry a higher credit risk compared to AAA rated securities. These securities carry relatively higher possibility of a default.

Interest Rate Risk: This risk results from changes in demand and supply for money and other macroeconomic factors and creates price changes in the value of debt instruments. Consequently, the NAV of the scheme may be subject to fluctuation. Prices of long term securities generally fluctuate more in response to interest rate changes than do short-term Securities. This may expose the schemes to possible capital erosion.

Liquidity Risk: This refers to the ease with which a security can be sold at or near to its valuation yield-to-maturity (YTM). Liquidity risk is today characteristic of the Indian fixed income market.

Market Risk: This risk arises due to price volatility due to such factors as interest sensitivity, market perception or the credit worthiness of the issuer and general market liquidity, change in interest rate expectations and liquidity flows. Market risk is a risk which is inherent to investments in securities. This may expose the schemes to possible capital erosion.

Reinvestment Risk: This risk refers to the interest rate levels at which cash flows received for the securities in the Scheme is reinvested. The risk is that the rate at which interim cash flows can be reinvested may be lower than that originally assumed.Different types of Securitised Debts in which the scheme would invest carry different levels and types of risks. Presently, secondary market for securitised papers is not very liquid. There is no assurance that a deep secondary market will develop for such securities. Money market securities, while fairly liquid, lack a well-developed secondary market, which may restrict the selling ability of the scheme.Trading volumes, settlement periods and transfer procedures may restrict liquidity of investments in equity and equity-related securities.In case of investments in foreign securities, there may be risks associated with currency movements, restrictions on repatriation and transaction procedures in overseas market as well as country related risks.

Risks associated with securities issued by Banks and PSUs: The risks associated with debt and money market securities issued by banks and PSUs are perceived to be lower compared to other fixed income instruments. However, these entities are unique in terms of being heavily regulated and affected by government policies, which could impact the credit profile of these issuers.There is no assurance or guarantee that the objectives of the scheme will be achieved. The past performance of the mutual funds managed by the Franklin Templeton Group and its affiliates is not necessarily indicative of future performance of the scheme.

Risk Mitigation Factors

Interest Rate Risks: In case of income (debt) schemes, the Fund seeks to mitigate this risk by keeping the maturity of the schemes in line with the interest rate expectations. In case of FIIOF and FICBOF, the Fund seeks to mitigate this risk by maintaining a low to medium portfolio maturity.In case of liquid schemes, the maturity of such scheme is low as these schemes can only invest in securities with up to 91 days maturity.

Credit Risk or Default Risk: The Fund would predominantly invest in high investment grade fixed income securities rated by SEBI registered credit rating agencies. FIIOF and FICBOF may predominantly invest in AA / A rated securities which carry a higher credit risk compared to AAA rated securities. These securities carry relatively higher possibility of a default. However, the historical default rates for investment grade securities (BBB and above) have been low.

Reinvestment Risk: Reinvestment risks will be limited to the extent of coupons received on debt instruments, which will be a very small portion of the portfolio value. The schemes may take positions in interest rate derivatives to hedge market/interest rate risks.

Liquidity and Marketability Risk: The fund will endeavour to minimise liquidity risk by investing in securities having a liquidmarket. In case of FIIOF and FICBOF, the Fund is looking to mitigate this risk by restricting single investments to Rs.20 crores per day per application and through a higher exit load, which discourages short term flows.

Dividend Policy: Dividends are distributed based on the availability of adequate distributable surplus in the scheme. The Trustee may, at its sole discretion declare dividends in the fund at any time. Although there is every intention to declare dividend in Dividend Plan/Option, there is no assurance or guarantee as to the frequency or quantum of dividends nor that would the dividends be regularly paid.

No Load on Bonus / Dividend Reinvestment: No entry and exit load shall be charged on bonus units or units allotted on reinvestment of dividend.

Commission to distributor: The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFI registered distributor) directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder.

Credit of exit load to schemes: Effective October 01,

2012, Exit load/ CDSC (if any) charged to the unit holders by the Mutual Fund on redemption (including switch-out) of units shall be credited to the respective scheme net of service tax. Service tax on exit load, if any, shall be paid out of the exit load proceeds.

Transaction Charges:

The AMC/Mutual Fund shall deduct Transaction Charges on purchase/subscription applications received from investors that are routed through a distributor/agent/broker as follows, provided the distributor/agent/broker has opted to receive the transaction charges:

(i) First time investor in mutual funds:

T r a n s a c t i o n C h a r g e o f R s . 1 5 0 / - o n purchase/subscription application of Rs.10,000 and above shall be deducted from the subscription amount and paid to the distributor/agent/broker of the investor. Units will be allotted for the balance subscription amount (net of the transaction charge deducted).

(ii) Investors other than first time investor in mutual funds:

T r a n s a c t i o n C h a r g e o f R s . 1 0 0 / - p e r purchase/subscription application of Rs.10, 000 and above shall be deducted from the subscription amount and paid to the distributor/agent/broker of the investor. Units will be allotted for the balance subscription amount (net of the transaction charge deducted).

(iii) In case of investments through Systematic Investment Plan (SIP):

Transaction Charge shall be deducted only if the total commitment through SIP (i.e. amount per SIP instalment x No. of SIP instalments) amounts to Rs.10,000/- and above. The Transaction Charge shall be deducted in 3 or 4 instalments, as may be decided by the AMC from time to time.

(iv) The Transaction Charges shall not be deducted for:

(a) purchase/subscription applications for an amount less than Rs.10, 000

( b ) t r a n s a c t i o n s o t h e r t h a n p u r c h a s e s / subscriptions relating to new inflows such as switches, redemption, Systematic Transaction Plan, Dividend Transfer Plan etc.;

(c) direct applications received by the AMC i.e. applications received at any Official Point of Acceptance of Transaction of Franklin Templeton Mutual Fund that are not routed through any distributor/agent/broker; and

(d) transactions routed through stock exchange platform (not applicable for ARN holders who have ‘opted-in’ for levy of transaction charges in respect of mutual fund transactions of their clients routed through stock exchange platforms).

The statement of account shall disclose the net investment as gross subscription less transaction charges and the units allotted against the net investment.

The upfront commission to distributors shall continue to be paid by the investor directly to the distributor by a separate cheque based on his assessment of various factors including the service rendered by the distributor.

Employee Unique Identification Number (EUIN): As per SEBI Circular no. CIR/IMD/DF/21/2012 dated September 13,2012; the employee/ relationship manager/ sales person of the distributor interacting with the investor for the sale of mutual fund products is required to obtain a EUIN from AMFI. EUIN needs to be mentioned on the application along with the ARN number. This will assist in tackling the problem of mis-selling even if the employee/relationship manager/sales person leave the employment of the ARN holder / Sub broker. In case the transaction is executed without any interaction or advice by the employee/relationship manager/sales person of the distributor/sub broker, the investor needs to sign the declaration stating the same.

Who Can BuyUnits of the schemes (except FIGSF - PF) can be purchased by:1. Adult individuals, either singly or jointly (not exceeding

three), resident in India.2. Parents/Guardian on behalf of minors.3. Companies/ Domestic Corporate Bodies/ Public Sector

Undertakings registered in India.4. Charitable, Religious or other Trusts authorised to invest in

units of mutual funds.5. Banks, Financial Institutions and Investment Institutions.6. Non-Resident Indians (NRIs) and Overseas Citizen of India

(OCI) (including erstwhile Person of Indian Origin card holders) on full repatriation basis and on non-repatriation basis but not (a) United States Persons within the meaning of Regulation S under the United States Securities Act of 1933 or as defined by the U.S. Commodity Futures Trading Commission, as amended from time to time or (b) residents of Canada.

7. Foreign Institutional Investors and their sub accounts on full repatriation basis/ Foreign Portfolio Investors (subject to RBI approval) and such other entities as may be permitted under SEBI (Foreign Portfolio Investors) Regulations, 2014, as amended from time to time.

8. Hindu Undivided Family (HUF).9. Wakf Boards or Endowments / Societies (including co-

operative societies) / Association of Persons or Body of individuals(whether incorporated or not), Trusts and clubs authorised to invest in units of mutual funds.

10.Sole Proprietorship, Partnership Firms and Limited Liability Partnerships.

11.Army/Air Force/Navy/Para-military funds and other eligible institutions.

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COMMON FEATURES FOR ALL SCHEMES

filling up the Conversion Request Form (CRF) and surrendering the Account Statement(s).Tax treatment for the Investors (Unitholders)Investors are advised to refer to the details given in the Statement of Additional Information (SAI) under the section "Taxation”. However, the information provided therein is for general information purpose only and is based on the prevailing tax laws. In view of the individual nature of the implications, each investor is advised to consult with his or her own tax advisors with respect to the specific tax and other implications arising out of his or her participation in the schemes.Daily Net Asset Value (NAV) PublicationThe NAV will be calculated for every Business Day and published in at least 2 newspapers having circulation all over India. Incase of liquid schemes the NAV will be normally calculated for every calender day. The NAV can also be viewed o n w w w . f r a n k l i n t e m p l e t o n i n d i a . c o m a n d www.amfiindia.com.You can also telephone us at 1-800-425-4255 or 60004255 (if calling from a mobile phone, please prefix the city STD code; local call rates apply for both numbers) from 8 a.m to 9 p.m, Monday to Saturday.For Investor Grievances please contactInvestor Services, Franklin Templeton Asset Management (India) Pvt. Ltd., Unit 301, III Floor, Campus 4B, RMZ Millenia Business Park, 143 Dr. MGR Road, Kandanchavadi, Chennai 600096. Tel: 1800 425 4255 or 6000 4255 (please prefix the city STD code if calling from a mobile phone, Local call rates apply to both the numbers) from 8:00 a.m. to 9:00 p.m., Monday to Saturday. Email: [email protected] of Investor Relations Officer: Rini Krishnan

Name and Address of Registrar: Franklin Templeton Asset Management (India) Pvt. Ltd., Unit 301, III Floor, Campus 4B, RMZ Millenia Business Park, 143 Dr. MGR Road, Kandanchavadi, Chennai 600096.Unitholders’ Information:

Account Statement: On acceptance of the application for subscription, a confirmation specifying the number of units allotted by way of email and/or SMS will be sent to the Unitholders within 5 Business Days from the date of receipt of application at their e-mail address and/or mobile number registered with the Mutual Fund/AMC.A) Consolidated Account Statement

In order to enable a single consolidated view of all the investments of an investor in Mutual Funds and securities held in demat form with the Depositories, Mutual Fund-Registrar & Transfer Agents or Depositories shall generate and dispatch of single Consolidated Account Statement (CAS) to the investors. Consolidation of account statement shall be done on the basis of PAN. In case of multiple holding, it shall be PAN of the first holder and pattern of holding. Unitholders who have registered their Permanent Account Number (PAN) with the Mutual Fund will receive a Consolidated Account Statement as follows:1. Unitholders who hold Demat Account

The Account Statement containing details relating to all financial transactions (purchase, redemption, switch, systematic investment plan, systematic transfer plan, systematic withdrawal plan, dividend transfer plan, dividend payout, dividend reinvestment and bonus transactions) made by the unitholder across all mutual funds and transaction in dematerialised securities across demat accounts of the Unitholder will be sent by the Depositories, for each calendar month within 10th day of the succeeding month to the unitholders in whose folios transactions have taken place during that month.CAS shall be sent every half yearly (September/ March), on or before 10th day of succeeding month, detailing holding at the end of the six month, to all such Unitholders in whose folios and demat accounts there have been no transactions during that period.In case of demat accounts with nil balance and no transactions in securities and in mutual fund folios, the Depository shall send account statement in terms of regulations applicable to the depositories.

2. Unitholders who do not hold Demat AccountThe Account Statement containing details relating to all financial transactions (purchase, redemption, switch, systematic investment plan, systematic transfer plan, systematic withdrawal plan, dividend transfer plan, dividend payout, dividend reinvestment and bonus transactions) made by the unitholder across all mutual funds where PAN of the investor is registered and holding at the end of the month including transaction charges, if any, paid to the distributor, will be sent for each calendar month within 10th day of the succeeding month to the unitholders in whose folios transactions have taken place during that month.The financial transactions processed from the 1st day of the month till 30/31 will be included in CAS, irrespective of trade date of the transaction.The CAS detailing holding across all schemes of all mutual funds where PAN of the investor is registered, shall be sent at the end of every six months (i.e. September/ March), on or before 10th day of succeeding month to all mutual fund investors, excluding those investors who do not have any holdings in mutual fund schemes and where no commission against their investment has been paid to distributors, during the concerned half-year period. Such CAS shall reflect the closing balance, value of the Units as at the end of the month, the amount of actual commission paid by AMC to distributors (in absolute terms) during the half-year period against the concerned investor’s total investments in each MF scheme and scheme’s average Total Expense Ratio (in percentage terms) for the half-year period, of both direct plan and regular plan.For the purpose of sending CAS, common investors across mutual funds shall be identified by their PAN. PAN identified as having a demat account by Depositories for generating CAS will not be considered while generating a Mutual Fund level CAS.In case of a specific request received from the Unitholders, the AMC/Mutual Fund will provide the account statement to the Unitholder within 5 Business Days from the receipt of such request.

B) Unitholders who have not registered their PAN with the Mutual Fund will receive the following:

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For normal transactions during ongoing sales and repurchase:• The AMC shall issue to the investor whose

application (other than SIP/STP) has been accepted, an account statement specifying the number of units allotted within 5 working days of allotment.

For SIP / STP/ Dividend Reinvestment transactions:

• Account Statement for SIP and STP will be despatched once every month along with Dividend reinvestment (daily, weekly, monthly) account statement All other dividends statements will be dispatched as and when the dividend transaction is processed

• A soft copy of the Account Statement will be emailed to investors with the valid email id provided the investor has opted for e-delivery after the transaction is processed

• However, the first Account Statement under SIP/STP shall be issued within 10 working days of the initial investment/transfer.

• In case of specific request received from investors, Mutual Funds shall provide the account statement (SIP/STP) to the investors within 5 working days from the receipt of such request without any charges.

Half-yearly Statement:• The AMC shall provide the Account Statement to the

Unitholders who are not having Valid PAN excluding those investors who do not have any holdings in mutual fund schemes and where no commission against their investment has been paid to distributors, during the concerned half-year period. The Account Statement shall reflect the latest closing balance, value of the Units across all schemes in the respective folio, prior to the date of generation of the account statement, the amount of actual commission paid by AMC to distributors (in absolute terms) during the half-year period against the concerned investor’s total investments in each MF scheme and scheme’s average Total Expense Ratio (in percentage terms) for the half-year period, of both direct plan and regular plan.

For those unitholders who have provided an e-mail address, the AMC will send the account statement by e-mail. The unitholder may request for a physical account statement by writing / calling us at any of the ISC. The Account Statement issued by the AMC is a record of holdings in the scheme of Franklin Templeton Mutual Fund. Investors are requested to review the account statement carefully and contact their nearest Investor Service Centre in case of any discrepancy. The contents of the statement will be considered to be correct if no error is reported within 30 days from the date of receipt of the Account Statement.Annual Financial ReportsAs required by the SEBI Regulations, the Fund will mail the schemewise annual report or an abridged summary thereof to all the unitholders as soon as practical after 31st March each year but not later than four months thereafter, as the Trustee may decide. In case of unitholders whose e-mail addresses are available with the Mutual Fund, the annual report or the abridged summary, as the case may be, would only be sent by e-mail and no physical copies would be mailed to such unitholders. However, those unitholders who still wish to receive physical copies of the annual report/abridged summary notwithstanding their registration of e-mail addresses with the Fund, may indicate their option to the AMC in writing and AMC shall provide the same without demur. For the rest of the investors, i.e. whose email addresses are not available with the mutual fund, the AMC shall continue to send physical copies of scheme annual reports or abridged summary.The AMC shall display the link of the scheme annual reports or abridged summary prominently on the Fund’s website and make the physical copies available to the investors at its registered office at all times.Half Yearly DisclosuresThe Mutual Fund shall within one month of the close of each half year i.e., 31st March and 30th September, upload the soft copy of its unaudited financial results containing the details specified in Regulation 59 on its website and shall publish an advertisement disclosing uploading of such financial results on its website, in one English newspaper having nationwide circulation and in one regional newspaper circulating in the region where the head office of the Mutual Fund is situated.The Scheme shall mail/e-mail (if an e-mail address is provided with the consent of the Unitholder) to all unitholders or publish, by way of an advertisement, in one English daily circulating in the whole of India and in a newspaper published in the language of the region where the head office of the Mutual Fund is situated the complete scheme portfolio before the expiry of one month of the close of each half year i.e., 31st March and 30th September. These shall also be displayed on the website of the Mutual Fund and that of AMFI. Additionally, in accordance with SEBI circular no. CIR/ IMD/ DF/21/2012 dated September 13, 2012, the Mutual Fund shall disclose the scheme portfolios as on the last day of the month on its website on or before the tenth day of the succeeding month.Prevention of Money LaunderingIn terms of the Prevention of Money Laundering Act, 2002, the Rules / guidelines/circulars issued there under (AML Laws), Mutual Funds are required to formulate and implement a client identification programme, to collect, verify and maintain the record of identity and address(es) of investors.It is mandatory for all investors (including joint holders, NRIs, POA holders and guardians in the case of minors) to furnish such documents and information as may be required to comply with the Know Your Customers (KYC) policies under the AML Laws. Applications without such documents and information may be rejected.Submission of PAN:In terms of SEBI circulars dated April 27, 2007, April 03, 2008 and June 30, 2008 read with SEBI letter dated June 25, 2007, Permanent Account Number (PAN) would be the sole identification number for all participants transacting in the securities market, irrespective of the amount of transaction, except (a) investors residing in the state of Sikkim; (b) Central Government, State Government, and the officials appointed by the courts e.g. Official liquidator, Court receiver etc. (under the category of Government) and (c) investors participating only in micro-pension. SEBI, in its letter dated July 24, 2012 has conveyed that investments in mutual fund schemes [including investments through Systematic Investment Plan (SIP)] of up to Rs.50,000/- per year per investor shall be exempted from the requirement of PAN.Accordingly, where the aggregate of lump sum investment (fresh purchase and additional purchase) and SIPs where the aggregate of instalments in a rolling 12 month period or in a financial year i.e. April to March does not exceed Rs.50,000/- (referred to as “Micro investment”), it shall be exempt from the requirement of PAN.However, a duly verified/attested copy of such document(s) as may be prescribed by the AMC/Trustee from time to time, needs to be submitted as the proof of identification in lieu of

In case where more than one application is received for purchase/subscription (fresh or additional) into a scheme of the Mutual Fund for an aggregate investment amount equal to or more than Rs.2 lacs on any Business Day across all plans/options of the relevant scheme, then such applications shall be aggregated at the investor level (same holders/joint holders identified by their Permanent Account Numbers (PAN) in the same sequence).Such aggregation shall be done irrespective of the number of folios under which the investor is investing and irrespective of source of funds, mode, location and time of application and payment.Accordingly the applicable NAV for such applications shall be the closing NAV of the Business Day on which the funds are available for utilisation before the cut off time (currently 3:00p.m.) in case of each application.In case funds are received on separate days and are available for utilisation on different Business Days before the cut off time, the applicable NAV shall be of the closing NAV of the Business day(s) on which the cleared funds are available for utilization for the respective application.It is clarified that switches and transactions under SIP, STP, DTP and stock exchange infrastructure will not be considered for aggregation of applications. It is further clarified that in respect of schemes having more than one portfolio, the aggregation of application will be done at portfolio level.

b. Redemptions including switch-out (all funds except liquid schemes):In respect of valid applications received* up to 3:00 p.m. by the Mutual Fund, the closing NAV of the day of receipt of application shall be applicable. In respect of valid applications received* after 3:00 p.m. by the Mutual Fund, the closing NAV of the next business day shall be applicable.

2) For liquid schemes (FITMA/FICMA):

a. Purchases including switch-inIn respect of valid applications received* up to 2:00 p.m. on a day by the Mutual Fund and funds are available for utilization on the same day before the cut-off time without availing any credit facility, whether, intra-day or otherwise – the closing NAV of the day immediately preceding the day of receipt of application shall be applicable.In respect of valid applications received* after 2:00 p.m. on a day by the Mutual Fund and funds are available for utilization on the same day without availing any credit facility, whether, intra-day or otherwise – the closing NAV of the day immediately preceding the next Business Day shall be applicable.However, irrespective of the time of receipt* of application, where the funds are not available for utilisation on the day of the application before the cut-off time (2:00 p.m.) without availing any credit facility, whether, intra-day or otherwise –the closing NAV of the day immediately preceding the day on which the funds are available for utilisation before the cut-off time (2:00 p.m.) shall be applicable, provided the application is received prior to availability of the funds.For determining the availability of funds for utilisation, the funds for the entire amount of subscription/purchase (including switch-in) as per the application should be credited to the bank account of the scheme before the cut-off time and the funds are available for utilisation before the cutoff time without availing any credit facility whether intra-day or otherwise, by the respective scheme.

b. Redemptions including switch-out In respect of valid applications received* up to 3:00 p.m. by the Mutual Fund, the closing NAV of the day immediately preceding the next business day shall be applicable.In respect of valid applications received* after 3:00 p.m. by the Mutual Fund, the closing NAV of the next business day shall be applicable.For liquid schemes/plans, the Mutual Fund shall calculate NAVs for every calendar day. Further, the day(s) on which the money markets are closed/not accessible, shall not be treated as business day(s). No outstation cheques will be accepted The redemption and switch-out of transaction will be processed only if the payment instrument of the original purchase transaction under that particular fund is realised.

*Received at the ISC/Collection Centres of Franklin Templeton Mutual FundCompulsory reinvestment of DividendWhere the Unitholder has opted for Dividend Payout option and in case the amount of dividend payable to the Unitholder is Rs.20/- or less, the same will be compulsorily reinvested in the scheme.Option to receive allotment and hold units in demat form:Investors have an option to receive allotment and hold units of the schemes of Franklin Templeton Mutual Fund in demat form. For this purpose, the investors need to furnish the details of their depository account in the Application Form along with a copy of the Client Master Report / List (CMR/CML) or the Transaction Statement (the page reflecting name and holding pattern) for verification of the demat account. The date of demat account statement should be within 90 days of the application. The Units allotted in electronic form will be credited to the investor’s Beneficiary Account with a Depository Participant (DP) of CDSL or NSDL as per the details furnished by the investor in the Application Form. In case the Unitholder does not wish to get his/her Units converted / allotted in electronic form or the AMC is not able to credit the Units to the beneficiary account(s) of the investor for any reason whatsoever, the AMC shall issue Account statement(s) specifying the Units allotted to the investor. Please note that where the investor has furnished the details of their depository accounts in the Application Form, it will be assumed that the investor has opted for allotment in demat form and the allotment will be made only in demat form as default.In case of SIP, the units will be allotted based on the applicable NAV as per the terms of the Scheme Information Document of the respective scheme and will be credited to the investor’s demat account on weekly basis on realisation of funds. For example, for the subscription amount of the relevant SIP instalment credited to the bank account of Franklin Templeton Mutual Fund during a week (Friday to Thursday), the units allotted will be credited to the investor’s demat account on following Monday or the subsequent working day if Monday is a holiday/non-working day for the AMC or the depositories.However, this facility is not available for investment under Daily Dividend and Weekly Dividend options of the schemes, Switch facility, Systematic Transfer Plan (STP) and Dividend Transfer Plan (DTP).The existing Unitholders can dematerialise the units held in physical form (represented by Account Statement) at any time by making an application to the Depository Participant by

for a value not exceeding Rs.50,000/- (each regular purchase or per SIP instalment); (b) In case of investment in the name of a minor, payment by the person registered as Guardian in the minor’s Folio irrespective the amount of investment; (c) Payment by Employer on behalf of employee for lump sum/one-time subscription or under SIP through Payroll deductions or deductions out of expense reimbursement; (d) Custodian on behalf of an FII or a client. (e) Payment by Asset Management Company to a Distributor empanelled with it on account of commission/incentive etc. in the form of the Mutual Fund Units of the Funds managed by such AMC through Systematic Investment Plans or lump sum / one-time subscription, subject to compliance with SEBI Regulations and Guidelines issued by AMFI, from time to time; (f) Payment by Corporate to its Agent/ Distributor/ Dealer (similar arrangement with Principal-agent relationship), on account of commission/ incentive payable for sale of its goods/services in form of mutual fund units through SIP or lump sum/ one-time subscription. For this purpose Third Party payment shall mean payment made through instruments issued from an account other than that of the beneficiary investor. It is clarified that in case of payments from a joint bank account, the first holder of the mutual fund folio has to be one of the joint holders of the bank account from which payment is made. The investors making an application under the exception cases mentioned above need to submit such declarations and other documents / information as may be prescribed by the AMC from time to time.

PAN Card copy. This exemption will be available only to Micro investment made by individuals being Indian citizens (including NRIs, joint holders, minors acting through guardian and sole proprietary firms). PIOs, HUFs, QFIs and other categories of investors will not be eligible for this exemption.For the purpose of identifying Micro investment, applications shall be aggregated at the investor level (same sole holder/joint holders in the same sequence) and such aggregation shall be done irrespective of the number of folios / accounts under which the investor is investing and irrespective of source of funds, mode, location and time of application and payment.Thus, submission of PAN is mandatory for all existing as well as prospective investors (including all joint applicants/holders, guardians in case of minors, POA holders and NRIs but except for the categories mentioned above) for investing with mutual funds. Investors are required to register their PAN with the Mutual Fund by providing the PAN card copy. All investments without PAN (for all holders, including Guardians and POA holders) are liable to be rejected. All investments in Franklin Templeton Mutual Fund need to comply with the PAN and KYC requirements as stated above, failing which the applications are liable to be rejected. It is clarified that all categories of investors seeking exemption from PAN still need to complete the KYC requirements stipulated by the AMC/Trustee from time to time, irrespective the amount of investment.

All investments in Franklin Templeton Mutual Fund need to comply with the PAN and KYC requirements as noted above.

SMS facility:Investors of Franklin Templeton Mutual Fund (FTMF) can transact in all the schemes of FTMF (except Franklin India Pension Plan and Franklin India Government Securities Fund - PF Plan) through SMS. In order to avail this facility, the Unitholder(s) should submit this SMS transactions registration form along with NACH registration form at the nearest Franklin Templeton branch or investor service centres. Investors can send a transaction SMS only through the registered mobile number with the predefined keywords only (available on www.franklintempletonindia.com).This facility shall be available subject to the terms and conditions as detailed in the SMS transactions registration form. Please refer to the Statement of Additional Information and Scheme Information Document for any further details.Non acceptance of Third Party payment The AMC shall not accept subscriptions with Third Party payment instruments in the Scheme, except in cases of (a) In case of investment in the name of a minor, payment by Parents / Grand- Parents / related persons (other than the person registered as Guardian in the minor’s Folio) on behalf of a minor in consideration of natural love and affection or as gift

FRANKLIN TEMPLETON BRANCH OFFICES

KARVY COLLECTION CENTRES

CAMS COLLECTION CENTRES

Ahmedabad: 202 Abhijit-III, Opp.Mayor'sBunglow, Mithakhali Six Roads Navrangpura, Ahmedabad 380009 Fax: (079) 26462685. Allahabad: S N Tower, 4C Maharishi Dayananad Marg, Opp. Radio Station, Civil Lines, Allahabad-211001. Bangalore: 26-27, 1st floor, Northern Area, West Wing, Raheja Towers, MG Road, Bangalore – 560001 Fax: (080) 67149595. Bhopal: Guru Arcade, 2nd Floor, Ramgopal Maheshwari Marg, Plot No.153, M P Nagar Zone 1, Bhopal – 462011. Bhubaneswar: 77, Kharavel Nagar, Unit III, Janpath, Bhubaneswar 751001 Fax: (0674) 2531026. Chandigarh: S.C.O. 373-374, First Floor, Above HDFC Bank, Sector 35–B, Chandigarh 160022 Fax: (0172) 2622341. Chennai: Century Centre, 75 T.T.K. Road, Alwarpet, Chennai 600018 Fax: (044) 24987790. Cochin (Kochi): 41/418–C, Chicago Plaza, First Floor, Rajaji Road, Ernakulam, Cochin 682035 Fax: (0484) 2373076. Coimbatore: 424-C Red Rose Towers, Second Floor, D. B. Road, R. S. Puram, Coimbatore 641002 Fax: (0422) 2470277. Dehradun: Shop No. 5 , 1st Floor, Swaraj Complex, Opp. Hotel Madhuban, Rajpur Road, Dehradun - 248001 Fax: (0135) 2719873. Guwahati: ITAG Plaza, 2nd Floor, Office No. 2C, G.S. Road, Main Road, ABC, Guwahati – 781005. Hyderabad: Unit No 402,6-3-1085/1, 4th Floor, Dega Towers , Rajbhavan Road,Somajiguda Hyderabad-500 082 Fax: (040) 23400030. Indore: 101, Starlit Towers, Opp. State Bank of India, Head Office, 29/1 Y. N. Road, Indore 452001 Fax: (0731) 4201507. Jaipur: 250 Ganpati Plaza, M. I. Road, Jaipur 302001 Fax: (0141) 5114178. Jalandhar: BX III 455, Shakti Tower, Upper Basement, Below Vishal Mega Mart, G. T. Road, Jalandhar 144001 Fax: (0181) 5080783. Jamshedpur: Fair Deal Complex,1st Floor, Office Unit 1B, Main Road, Opp. Ram Mandir, Bistupur, Jamshedpur – 831001. Kanpur: Office No.208-09, 14/113 KAN Chambers Civil Lines, Kanpur 208001 Tel: (0512) 6454091/92. Kolkata: 2D & 2E Landmark Building, Second Floor, 228-A, A.J.C. Bose Road, Kolkata 700020 Fax: (033) 44000561. Lucknow: 2 Uttam Palace, First Floor, 3 Sapru Marg, Lucknow 226001 Fax: (0522) 2231104/06566766. Ludhiana: SCO-37, First Floor, Feroze Gandhi Market, Ludhiana 141001 Fax: (0161) 3012101. Madurai: Suriya Towers, 1st floor ,Door No 272 /273 , Good Shed Street , Madurai 625001 Fax: (0452) 2350144. Mangalore: First Floor, Manasa Towers, M. G. Road, Kodialbail, Mangalore 575003 Fax: (0824) 2493749. Mumbai (a): Office No. 37, 3rd Floor, Maker Chamber – VI, Nariman Point, Mumbai 400021 Fax: (022) 22810923 (b) Indiabulls Finance Centre, Tower 2, 13th Floor, Senapati Bapat Marg, Elphinstone Road

nd (West), Mumbai 400013 Fax: (022) 66391284. Nagpur: Shop No. 3 & 4, Ground Floor, Maharshi Shivpad Complex, Plot No. 262, West High Court Road, Bajaj Nagar, Nagpur 440010 Fax: (0712) 2242238. Nashik: 2 Floor, Bedmutha's Navkar Heights, New Pandit Colony, Near Rajiv Gandhi Bhavan, Saharanpur Road, Nashik 422002 Fax: (0253) 2574329. New Delhi: 707-710, 7th Floor, Ashoka Estate Building, 24 Barakhamba Road, New Delhi 110001 Fax: (011) 23752019. Panjim: EDCON Mindspace, 6th Floor, Premises No. 605, Dr. Braganza Pereira Road, Campal, Panjim, Goa - 403 001. Patna: 505 Ashiana Hariniwas Apartments, Dak Bungalow Road, Patna 800001 Fax: (0612) 2201762. Pune: 401, Karan Selene, above Yes Bank, 187, Bhandarkar Road, Pune 411004 Fax: (020) 25665221. Raipur: Shop No. 310, 3rd Floor, Lalganga Shopping Mall, G. E. Road, Raipur 492001 Fax: (0771) 4033614. Rajkot: Ankur Building, 1/B, 1st floor, Dr. Radhakrishna Road, Nr. Moti Tanki Chowk, Rajkot – 360001. Ranchi: Saluja Tower, 6th Floor, Peepe Compound, Sujata Chowk, Main Road, Ranchi – 834001. Salem: 214/215, Second Floor, Kandaswarna Shopping Mall, Sarada College Road, Salem 636016 Fax: (0427) 2446854. Surat: HG-29 International Trade Centre, Majura Gate Cross Road Signal, Ring Road, Surat 395002 Fax: (0261) 2473744. Trichy: Arun Arcade, 75/1, First Floor, First Cross, North East Extension, Thillainagar, Trichy 620018 Fax: (0431) 2760013. Vadodara: 104-107 Spenta Complex, First Floor, Opposite Pizza Hut, Near Ambedkar Circle, Race Course Road, Vadodara 390007 Fax: (0265) 2356038. Varanasi: 4th Floor, Kuber Complex, Rathyatra Crossing, Varanasi 221010 Fax: (0542) 6454370/71. Vijayawada: White House, First Floor, Room # 2, M. G. Road, Vijayawada 520010 Fax: (0866) 6695550. Visakhapatnam: 204, First Floor, Eswar Plaza, Dwaraka Nagar, Visakhapatnam 530016 Fax: (0891) 6666806.

National Call Centre:1800 425 4255 or 6000 4255 (please prefix the city STD code if calling from a mobile phone, Local call rates apply to both the numbers) from 8:00 a.m. to 9:00 p.m., Monday to Saturday.

Agartala (Tripura): Krishnanagar Advisor Chowmuhani (Ground Floor), Agartala - 799 001. Agra (Uttar Pradesh): No.8, 2nd Floor, Maruti Tower, Sanjay Place, Agra 282002. Ahmedabad (Gujarat): 111-113, 1st Floor - Devpath Building Off C G Road, Behind Lal Bungalow, Ellis Bridge, Ahmedabad 380006. Ahmednagar (Maharashtra ): B, 1+3, Krishna Enclave Complex, Near Hotel Natraj, Nagar-Aurangabad Road, Ahmednagar 414001. Ajmer (Rajasthan): AMC No. 423/30, Near Church Brahampuri, Opp. T B Hospital, Jaipur Road, Ajmer 305001. Akola (Maharashtra): Opp. RLT Science College, Civil Lines, Akola 444001. Aligarh (U.P.): City Enclave, Opp. Kumar Nursing Home, Ramghat Road, Aligarh 202001. Allahabad (Uttarpradesh): 30/2, A&B, Civil Lines Station, Besides Vishal Mega Mart, Strachey Road, Allahabad 211001. Alleppey (Kerala): Doctor's Tower Building, Door No. 14/2562, 1st floor, North of Iorn Bridge, Near Hotel Arcadia Regency, Alleppey - 688 001. Alwar (Rajasthan): Plot No -256 A , Scheme number 1, Arya Nagar, Alwar – 301001. Amaravati (Maharashtra): 81, Gulsham Tower, 2nd Floor, Near Panchsheel Talkies, Amaravati 444601. Ambala (Haryana): Opposite PEER Bal Bhavan Road, Ambala 134003. Amritsar (Punjab): SCO - 18J, ' C' Block, Ranjit Avenue, Amritsar 140001. Anand (Gujarat): 101, A.P. Tower, Next to Nathwani Chambers, B/h Sardar Gunj, Anand 388001. Anantapur (Andhra Pradesh): 15-570-33, Ist Floor, Pallavi Towers, Opp. Canara Bank, Subhash Road Anantapur 515001. Andheri (Maharashtra): 351, Icon,501, 5th floor, Western Express Highway, Andheri East, Mumbai – 400 069. Ankleshwar (Gujarat): Shop No - F -56 First Floor,Omkar Complex, Opp. Old Colony, Near Valia Char Rasta, GIDC Ankleshwar- Bharuch 393002. Asansol (West Bengal): Block – G 1st Floor P C Chatterjee Market Complex, RambandhuTalab P O Ushagram Asansol 713303. Bangalore (Karnataka): Trade Centre, 1st Floor 45, Dikensen Road ( Next to Manipal Centre ) Bangalore 560042. Bankura (West Bengal): Cinema Road, Nutanganj, Beside Mondal Bakery, PO & District, Bankura 722101. Bareilly (Uttarpradesh): F-62-63, Butler Plaza, IInd Floor, Commercial Complex, Civil Lines, Bareilly 243001. Belgaum (Karnataka): 1st Floor, 221/2A/1B Vaccine Depot Road Near 2nd Railway gate, Tilakwadi, Belgaum 590006. Bhagalpur (Bihar): Krishna 1st Floor, Near Mahadev Cinema, Dr.R.P.Road, Bhagalpur 812002. Bharuch (Gujarat): F-108, First Floor Rangoli Complex, Station Road, Opp. Nagar Seva Sadan, Bharuch 392001. Bhatinda (Punjab): 2907 GH, GT Road, Near ZilaParishad, Bhatinda - 151 001. Bhavnagar (Gujarat): 305 – 306 Sterling Point, Waghawadi Road, Opp. HDFC BANK, Bhavnagar 364002. Bhilai (chatishgarh): 1st Floor,Plot No.3, Block No.1, PriyadarshiniPariswar west, Behind IDBI Bank, Nehru Nagar Square, Bhilai – 490020. Bhilwara (Rajasthan): IndraPrasta Tower, 2nd floor, Syam Ki SabjiMandi, Near Mukerjee Garden, Bhilwara - 311 001. Bhopal (Madhya Pradesh): Plot no 10, 2nd Floor, Alankar Complex, Near ICICI Bank, MP Nagar, Zone II, Bhopal 462011. Bhuj (Gujarat): Data Solution, Office No:17, 1st Floor, Municipal Building, Opp. Hotel Prince, Station Road, Bhuj - Kutch 370001. Bikaner (Rajasthan): Behind Rajasthan Patrika, In front of Vijaya bank 1404, Amar Singh Pura, Bikaner -334 001. Bilaspur (Chattisgarh): Shop No. B - 104, First Floor, Narayan Plaza, Link Road, Bilaspur, Chattisgarh – 495001. Bokaro (Jharkhand): Mazzanine Floor F-4, City Centre, Sector 4, Bokaro Steel City, Bokaro 827004. Borivali (Maharashtra): Hirji Heritage, 4th Floor, Office no 402,Landmark: Above Tribhuwandas Bhimji Zaveri (TBZ),L.T. Road, Borivali – West, Mumbai - 400 092. Burdwan (West Bengal): 1st Floor Above Exide Showroom, 399 G T Road, Burdwan-713101. Chennai (Tamil Nadu): Ground Floor No.178/10, Kodambakkam High Road, Opp. Hotel Palmgrove Nungambakkam, Chennai 600034. Cuttack (Orissa): Near Indian Overseas Bank, Cantonment Road, Mata Math, Cuttack 753001. Davenegere (Karnataka): 13, Ist Floor, AkkamahadeviSamaj Complex, Church Road, P.J.Extension, Devengere 577002. Delhi (New Delhi): 7-E, 4th Floor DeenDayaal Research Institute Building, Swami Ram Tirath Nagar, Near Videocon Tower Jhandewalan Extension New Delhi 110055. Dhanbad (Jharkhand): Urmila Towers, Room No: 111(1st Floor), Bank More Dhanbad 826001. Dhule (Maharashtra): H. No. 3140 J.B. Road, Near Tower Garden, Opp Liberty Furniture, Dhule – 424001. Durgapur (West Bengal): Plot No 3601, NazrulSarani, City Centre, Durgapur – 713216. Faridhabad (Haryana): B-49, Ist Floor Nehru Ground, Behind Anupam Sweet House, NIT Faridhabad 121001. Gandhidham (Gujarat): S-7, Ratnakala Arcade, Plot No. 231, Ward 12/B, Gandhidham - 370 201. Ghaziabad (Uttarpradesh): FF - 26, Konark Building, 1st Floor, RDC - Rajnagar, Ghaziabad 201002. Gorakhpur (Uttarpradesh): Shop No. 3, Second Floor, The Mall Cross Road, A.D. Chowk Bank Road Gorakhpur 273001. Guntur (Andhra Pradesh): Door No 5-38-44 5/1 BRODIPET, Near Ravi Sankar Hotel, Guntur 522002. Guwahati (Assam): A.K. Azad Road, Rehabari, Guwahati 781008. Gwalior (Madhya Pradesh): G-6 Global Apartment, Kailash Vihar Colony, Opp. Income Tax Office, City Centre Gwalior 474002. Hisar (Haryana): 12, Opp. Bank of Baroda, Red Square Market, Hisar - 125 001. Hosur (Tamil Nadu): No.9/2, 1st Floor, Attibele Road HCF Post, Behind RTO office Mathigiri Hosur 635110. Hubli (Karnataka): No.204 - 205, 1st Floor ' B ' Block, Kundagol Complex Opp. Court, Club Road Hubli 580029. Hyderabad (Andhra Pradesh): 208, II Floor Jade Arcade Paradise Circle Secunderabad 500003. Jabalpur (Madhya Pradesh): 8, Ground Floor, Datt Towers Behind Commercial Automobiles Napier Town Jabalpur 482001. Jammu (J & K): JRDS Heights, Lane Opp. S&S Computers, Near RBI Building, Sector 14, Nanak Nagar Jammu 180004. Jamnagar (Gujarat): 207, Manek Centre, P N Marg, Jamnagar – 361001. Jamshedpur (Jharkhand): Millennium Tower, "R" Road Room No:15 First Floor, Bistupur Jamshedpur 831001. Jaunpur (Uttar Pradesh): Gopal katra, 1st Floor, Fort Road, Jaunpur – 222001. Jhansi (Uttar Pradesh): 372/18 D,1st Floor above IDBI Bank,Beside V-Mart, Near "RASKHAN" Gwalior Road, Jhansi – 284001. Jodhpur (Rajasthan): 1/5, Nirmal Tower, IstChopasani Road, Jodhpur 342003. Junagadh (Gujarat): "Aastha Plus", 202-A, 2nd Floor Sardarbag road, Near Alkapuri, Opp. Zansi Rani statue, Junagadh 362001. Kadapa (Andhra Pradesh): Bandi Subbaramaiah Complex D.No:3/1718, Shop No: 8 Raja Reddy Street, Besides Bharathi Junior College, Kadapa 516001. Kakinada (Andhra Pradesh): D No-25-4-29, 1st floor, Kommireddy Vari Street, Beside Warf Road,Opp. Swathi Medicals, Kakinada – 533001. Kalyani (West Bengal): A - 1/50 Block A Kalyani Dist Nadia, Kalyani 741235. Kannur (Kerala): Room No. 14/435, Casa Marina Shopping Centre, Talap, Kannur - 670 004. Karimnagar (Telangana): HNo.7-1-257, Upstairs S B H Mankammathota, Karimnagar 505001. Karnal (Haryana): 29 Avtar Colony, Behind Vishal Mega Mart, Karnal – 132001. Karur (Tamil Nadu): 126 G, V.P. Towers, Kovai Road Basement of Axis Bank, Karur 639002. Kharagpur (West Bengal): H.NO.291/1, WARD NO-15 Malancha Main Road, Opposite UCO Bank, Kharagpur 721301. Kolhapur (Maharashtra): 2 B, 3rd Floor, Ayodhya Towers Station Road, Kolhapur 416001. Kolkata (West Bengal): Saket Building, 44 Park Street, 2nd Floor, Kolkata 700016. Kolkata( Central) (West Bengal): 2A, Ganesh Chandra Avenue Room No.3A Commerce House"(4th Floor), Kolkata 700013. Kollam (Kerala): Kochupilamoodu Junction Near VLC, Beach Road, Kollam 691001. Kota (Rajasthan): B-33 'Kalyan Bhawan Triangle Part, Vallabh Nagar, Kota 324007. Kottayam (Kerala): Jacob Complex Building No - Old No-1319F, New No - 2512D Behind Makkil Centre,Good Sheperd Road, Kottayam 686001. Kumbakonam (Tamil Nadu): Jailani Complex 47, Mutt Street, Kumbakonam - 612 001. Mapusa (Goa): Office no.CF-8, 1st Floor, Business Point Above Bicholim Urban Co-op Bank Angod, Mapusa 403507. Margao (Goa): F4- Classic Heritage, Near Axis Bank, Opp. BPS Club, Paji fond, Margao, Goa - 403 601. Mathura (Uttar Pradesh): 159/160 Vikas Bazar, Mathura - 281 001. Meerut (Uttarpradesh): 108 Ist Floor Shivam Plaza Opposite Eves Cinema, Hapur Road Meerut 250002. Mehsana (Gujarat): 1st Floor, Subhadra Complex Urban Bank Road Mehsana 384002. Moradabad (Uttarpradesh): H 21-22, 1st Floor, Ram Ganga Vihar Shopping Complex, Opposite Sale Tax Office, Moradabad – 244001. Mumbai (Maharashtra): Rajabahdur Compound, Ground Floor Opp Allahabad Bank, Behind ICICI Bank 30, Mumbai Samachar Marg, Fort, Mumbai 400023. Muzzafarpur (Bihar): Brahman toli, Durgasthan Gola Road, Muzaffarpur 842001. Mysore (Karnataka): No.1, 1st Floor CH.26 7th Main, 5th Cross (Above Trishakthi Medicals) Saraswati Puram, Mysore 570009. Navsari (Gujarat): 16,1st Floor, Shivani Park, Opp. Shankheswar Complex Kaliawadi, Navasari 396445. Nellore (Andhra Pradesh): 9/756, I Floor Immadisetty Towers Ranganayakulapet Road, Santhapet, Nellore 524001. Noida (Uttar Pradesh): C-81, 1st Floor, Sector – 2, Noida 201301. Palakkad (Kerala): 10 / 688, Sreedevi Residency, Mettupalayam Street, Palakkad - 678 001. Panipat (Haryana): SCO 83-84, Ist Floor, Devi Lal Shopping Complex, Opp RBS Bank, G T Road, Panipat 132103. Panji (Goa): LawandeShamalkarBhavan,1st Floor, Office No.2, Next to Mahalakshmi Temple, Panaji – 403001. Patiala (Punjab): 35, New lalBagh Colony, Patiala 147001. Pathankot (Punjab): 13 - A, 1st Floor, Gurjeet Market Dhangu Road, Pathankot – 145001. Pune (Maharashtra): Nirmiti Eminence, Off No. 6, I Floor Opp Abhishek Hotel Mehandale Garage Road Erandawane, Pune 411004. Rajahmundry (Andhra Pradesh): Door No: 6-2-12, 1st Floor, Rajeswari Nilayam Near Vamsikrishna Hospital, Nyapathi Vari Street, T Nagar, Rajahmundry 533101. Ranchi (Jharkhand): 4,HB Road No: 206, 2nd Floor Shri Lok Complex, H B Road Near Firayalal, Ranchi 834001. Ratlam (Madhya Pradesh): Dafria& Co 18, Ram Bagh Near Scholar's School, Ratlam 457001. Rohtak (Haryana): 205, 2nd Floor, Building No: 2 Munjal Complex, Delhi Road, Rohtak - 124 001. Rourkela (Orissa): 1st Floor MangalBhawan Phase II Power House Road, Rourkela 769001. Saharanpur (Uttar Pradesh): I Floor, Krishna Complex Opp. Hathi Gate Court Road, Saharanpur 247001. Salem (Tamil Nadu): No.2, I Floor Vivekananda Street, New Fairlands, Salem 636016. Sambhalpur (Odisha): Opp. Town High School, Sansarak, Sambalpur - 768 001. Sangli (Maharashtra): Jiveshwar Krupa Bldg, Shop. No.2, Ground Floor, Tilak Chowk, Harbhat Road, Sangli - 416 416. Satara (Maharashtra): 117 / A / 3 / 22, Shukrawar Peth Sargam Apartment, Satara 415002. Shimla (Himachal Pradesh): I Floor, Opp. Panchayat Bhawan Main gate Bus stand, Shimla 171001. Shimoga (Karnataka): No.65 1st Floor, Kishnappa Compound, 1st Cross, Hosmane Extn, Shimoga – 577201. Siliguri (West Bengal): 78, Haren Mukherjee Road, 1st Floor, Beside SBI Hakimpara, Siliguri 734001. Sitapur (Uttar Pradesh): Arya Nagar Near Arya Kanya School, Sitapur 261001. Sri Ganganagar (Rajasthan): 18 L Block, Sri Ganganagar - 335 001. Srikakulam (Andhra Pradesh): Door No 4-4-96, First Floor, Vijaya Ganapathi Temple Back Side, Nanubala Street, Srikakulam - 532 001. Solapur (Maharashtra): Flat No 109, 1st Floor,A Wing Kalyani Tower 126 SiddheshwarPeth Near Pangal High School Solapur 413001. Sreerampur (West Bengal): 47/5/1, Raja Rammohan Roy Sarani PO. Mallickpara,Dist. Hoogly, Sreerampur 712203. Thane (Maharashtra): 3rd Floor, Nalanda Chambers B Wing, Gokhale Road, Near Hanuman Temple Naupada Thane 400602. Tirupur (Tamil Nadu): 1(1), Binny Compound, 2nd Street, Kumaran Road, Tirupur 641601. Tirunelveli (Tamil Nadu): 1 Floor, Mano Prema Complex 182 / 6, S.N High Road Tirunelveli 627001. Tirupathi (Andhra Pradesh): Shop No : 6,Door No: 19-10-8 Opp to Passport Office, AIR Bypass Road Bhavani Nagar, Tirupati 517501. Udaipur (Rajasthan): Shree Kalyanam,50, Tagore Nagar,Sector – 4,Hiranmagri,Udaipur – 313001. Valsad (Gujarat): 3rd floor Gita Nivas, opp Head Post Office Halar Cross Lane Valsad 396001. Vapi (Gujarat): 208, 2nd Floor HEENA ARCADE Opp. Tirupati Tower, Near G.I.D.C Char Rasata Vapi 396195. Vasco Da Gama (Goa): No DU 8, Upper Ground Floor, Behind Techoclean Clinic, Suvidha Complex, Near ICICI Bank, Vasco da gama 403802 . Vellore (Tamil Nadu): No.1, Officer's Line 2nd Floor, MNR Arcade Opp. ICICI Bank, Krishna Nagar Vellore 632001. Warangal (Telangana): A.B.K Mall, Near Old Bus Depot road BVSS Mayuri Complex F-7, Ist Floor, Ramnagar, Hanamkonda Warangal 506001. Yamuna Nagar (Haryana): 124-B/R, Model Town, Yamuna Nagar - 135 001.

Agra: 17/2/4, 1st Floor, Deepak Wasan Plaza,Opp Megdoot Furnitures, Sanjay Place, Behind Holiday Inn, Agra - 282 002. Anand (Gujarat): B-42 Vaibhav Commercial Center; Near TVS Down Town Show Room Grid, Char Rasta, Anand 380001. Aurangabad (Maharashtra): Ramkunj, Railway Station Road, Near Osmanpura Circle,Near N-Mart Aurangabad 431005. Balasore (Odisha): M S Das Street, Gopalgaon, Balasore 756001. Bankura (West Bengal): Ground Floor, Ambika Market Complex, Natunganj, Bankura 722101. Bellary (Karnataka): No.1, K H B Colony, Gandhi Nagar, Bellary 583103. Bhavnagar (Gujarat): Krushna Darshan Complex, Parimal Chowk, Office No -307, 3rd Floor Above JadBlue Show Room, Bhavnagar 364001. Bhopal (Madhya Pradesh): Kay Kay Business Centre, Above City Bank, 133, Zone 1, M. P. Nagar, Bhopal 462011. Calicut (Kerala): IInd Floor, Sowbhagya Shoping Complex, Areyadathupalam, Mavoor Road, Calicut 673004. Chinsurah-Hooghly (West Bengal): J. C. Ghosh Sarani, BangaGara, Near Bus Stand, Chinsura 712101. Erode (Tamil Nadu): No. 4, KMY Salai, Veerappan Traders Complex, Opp. Erode Bus Stand, Sathy Road, Erode 638003. Gurgaon (Haryana): Shop No. 18, Ground Floor, Sector 14, Opp. AKD Tower, Near Huda Office, Gurgaon 122001. Haridwar (Uttaranchal): 8, Govind Puri, Opp. LIC – 2, Above Vijay Bank, Main Road, Ranipur More, Haridwar – 249401. Jalgaon (Maharashstra): 269, JaeeVishwa, 1st Floor, Baliram Peth, Above United Bank Of India, Near Kishor Agencies, Jalgaon 425001. Jamnagar (Gujarat): 136-137-138 Madhav Palaza, Opp. SBI Bank, Near Lal Bunglow, Jamnagar 361001. Korba (Chatisgarh): 1st Floor, City Centre, 97 IRCC, Transport Nagar, Korba - 495677. Kurnool (Andhra Pradesh): Shop No.43, 1st Floor, S V Complex, R S Road, Near SBI Main Branch, Kurnool 518004. Nadiad (Gujarat): 104/105, Near Paras Cinema, City Point Nadiad, Nadiad – 387001. Nanded (Maharashtra): Shop No.4, Santakripa Market, G G Road, Opp. Bank of India, Nanded – 431601. Pondicherry: First Floor, No.7, Thiayagaraja Street, Pondicherry 605001. Shillong (Meghalaya): Annex Mani Bhawan, Lower Thana Road, Police Bazar, Shillong 793001. Trichur (Kerala): 2nd Floor, Brother's Complex, Near DhanaLaxmi Bank Head Office, Naikkanal Junction, Trichur 680001. Trivandrum (Kerala): 2nd Floor, Akshaya Towers, Sasthamangalam, Trivandrum 695010.

Franklin Templeton Asset Management (India) Pvt. Ltd.

Franklin Templeton Mutual FundKEY INFORMATION MEMORANDUM AND COMMON APPLICATION FORM

FOR OPEN END EQUITY, BALANCED, FUND OF FUND AND TAX SAVING SCHEMESOffer for units on an ongoing basis at a Net Asset Value (NAV) based price

The Key Information Memorandum is dated June 27, 2017. This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the Investor Service Centres or distributors or from the website www.franklintempletonindia.com. This KIM shall remain effective until a 'material change' (other than a change in fundamental attributes and within the purview of the KIM) occurs and thereafter Material changes will be filed with SEBIThe Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM.

Sponsor: Templeton International Inc., Florida, USA.

Asset Management Company: Franklin Templeton Asset Management (India) Pvt. Ltd. (CIN - U67190MH1995PTC093356).

Sr.

No.Fund Name

1. Franklin India Bluechip Fund

Product Labeling

This product is suitable for investors who are seeking*

Nature of scheme &

indicative time horizon

Long term capital appreciation A fund that invests in large cap stocks

Brief about the investment

objective & kind of product

Riskometer

Moderate

Low

High

Moderat

ely

Low

ModeratelyHigh

Investors understand that their principal will be at moderately high risk

LOW HIGH

2. Templeton India Growth Fund Long term capital appreciation A fund that invests predominantly in large cap stocks – a value fund

3. Templeton India Equity Income Fund

Long term capital appreciation A fund that focuses on Indian and emerging market stocks - a value fund taking into account dividend yield of stocks

4. Franklin India Prima Fund Long term capital appreciation A fund that invests in mid and small cap stocks

5. Franklin India Prima Plus Long term capital appreciation Primarily a large cap fund with some allocation to small / mid cap stocks

6. Franklin India Flexi Cap Fund Long term capital appreciation A fund that invests in stocks of companies across the market cap range

7. Franklin India High Growth Companies Fund

Long term capital appreciation A fund that invests in stocks of companies / sectors with high growth rates or above average potential

8. Franklin India Index Fund - NSE Nifty Plan

Long term capital appreciation A passively managed index fund

9. Franklin India Opportunities Fund

Long term capital appreciation A fund that takes concentrated stock or sector exposures based on four themes

10. Franklin India Balanced Fund Long term capital appreciation with current income

A fund that invests both in stocks and fixed income instruments offering a balanced exposure to the asset classes

11. Franklin India Taxshield Long term capital appreciation An ELSS fund offering tax benefits under Section 80C of the Income Tax Act

12. Franklin India Pension Plan Long term capital appreciation A hybrid fund investing upto 40% in equities and the balance in high quality fixed income instruments

13. Franklin India Dynamic PE Ratio Fund of Funds

Long term capital appreciation A hybrid fund of funds investing in equity and debt mutual funds

14. Franklin India Life Stage Fund of Funds- 20s Plan- 30s Plan- 40s Plan- 50s Plus Plan- 50s Plus Floating Rate Plan

Long term capital appreciation A fund of funds investing in equity and debt mutual funds

15. F r a n k l i n I n d i a S m a l l e r Companies Fund

Long term capital appreciation A fund that invests primarily in small and mid-cap companies

17. Franklin Asian Equity Fund Long term capital appreciation A fund that invests in stocks of Asian companies / sectors (excluding Japan)

18. Franklin India Technology Fund Long term capital appreciation A fund that invests in stocks of technology and technology related companies.

19. Franklin Build India Fund Long term capital appreciation A fund that invests in Infrastructure and allied sectors

20. Franklin India Feeder - Franklin U.S. Opportunities Fund

Long term capital appreciation A fund of funds investing in an overseas equity fund

21. Franklin India Feeder - Franklin European Growth Fund

Long term capital appreciation A Fund of Funds investing in an overseas equity fund having exposure to Europe

Riskometer

Moderate

Low

High

Moderat

ely

Low

ModeratelyHigh

Investors understand that their principal will be at high risk

LOW HIGH

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

16. Franklin India Multi Asset Solution Fund

Long term capital appreciation A Fund of Funds investing in diversified asset classes through a mix of strategic and tactical allocation

NOT TAKING A RISK ISA RISK IN ITSELFInvest in Equity Mutual Funds and give your portfolio the potential for growth. Choose from our wide range of equity funds based on your investment tenure, risk pro�le or life goals.

www.franklintempletonindia.comTo know more, call your Mutual Fund distributor or visit




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Please read the Scheme Information Document containing the terms of offer. All applicants are deemed to have accepted the terms subject to which the offer is being made and bind themselves to the terms upon signing the Application Form and tendering the payment.

1. Investors already having an account in any Franklin Templeton scheme can provide either their Customer Folio Number or Account Number and first applicant name in the space provided. Such investors need to be filled ‘Personal Details’ only if there is change in existing details already given in the folio or account.

2. The application form must be completed in BLOCK LETTERS in ENGLISH. More than one scheme can be applied for in the same application form, but with separate cheques for each scheme.

3. Alterations in Application Form: Any changes/alterations in the Application Form must be countersigned by the investor(s). The Mutual Fund/AMC will not be bound to take cognisance of any changes/alterations if the same are not so countersigned.

4. Investments under Power of Attorney (POA): In case investors have issued a Power of Attorney (POA) for transacting with Franklin Templeton on their behalf, the signatures of the investor and the POA holder must be clearly available in the POA document for the POA to be accepted as a valid document.

5. Signatures should be in English or in any of the Indian languages. Thumb impressions must be attested by a Magistrate/Notary Public under his/her official seal. In case of HUF, the Karta will sign on behalf of the HUF

6. PEKRN allowed only for investments through Micro investment route in lieu of KYC and PAN. Also in this case it is mandatory to attach contact details slip available on website. Copy of the KYC acknowledgement issued by KRA is mandatory for all Investors (including Sikkim Resident) irrespective of the amount of investment. For investments through Micro investment route, address proof and identity proof is required to be submitted .

7. For Minors, please provide following documents for evidencing the relationship:- Father/Mother – Photocopy of the certificate mentioning the date of birth of the Minor and Parent’s Name; Legal Guardian – Court Order. In case of investments held in the name of a minor, no joint holders / nomination will be registered. The minor, acting through the guardian, should be the first and sole holder in the Folio/Account. –

8. Please verify and ensure the accuracy of the bank details provided in the form and as shown in your account statement. Franklin Templeton cannot be held responsible for delays or errors in processing your request if the information provided is incomplete or inaccurate. The registered bank will be the default bank and all redemptions / dividends proceeds will be processed into default bank through electronic payment facility. Please provide the full account no. *For more details on RTGS/NEFT/IFSC/MICR codes, please refer detailed instructions.

9. Separate cheque/demand draft required for each investment, drawn in favour of scheme name e.g. “Franklin India Bluechip Fund” . Please refer to the KIM for more details scheme name(s) and the plan/option. Investors in Franklin India Pension Plan are requested to also fill in the option exercise form available at the ISC. If you have an existing account in the scheme mentioned in the form, this purchase will be treated as an additional purchase in the same account.

10. Mode of payment:-

a. For Resident Investors

- For Resident Investors - by local cheque/ draft deposited with any Franklin Templeton branch/ Collection Centres or transfer/ electronic transfer to Franklin Templeton Mutual Fund Account

- Applicants from places where there is no Franklin Templeton branch/ Collection Centres can deduct DD charges from the application amount (except in case of Liquid funds) provided these drafts are payable at locations where the application is submitted to a Franklin Templeton branch/Collection Centre. Applicants may send their application along with bank draft to the Investor Service Centre/Collection Centre. However, DD charges shall be limited the bank charges stipulated by The State Bank of India. The AMC will not accept any request for refund of Demand Draft charges. Please note that the reimbursement of DD charges will not apply to Liquid Schemes.

- Investors are instructed NOT to make cash payments. No outstation cheques or post-dated cheques will be accepted. Applications with outstation cheques/post dated cheques may be rejected. Outstation cheques may be accepted by Franklin Templeton provided the location (ISC/Collection Centre) at which such outstation cheques are accepted is covered under the Speed Clearing facility offered by the Reserve Bank of India (RBI). Further, the outstation cheques would be accepted only if the cheques are drawn on a bank branch which is enabled for Speed Clearing. For the list of eligible location and bank b r a n c h e s , p l e a s e v i s i t t h e R B I w e b s i t e a t http://www.rbi.org.in/scripts/FAQView.aspx?Id=72.

- Cheques should be drawn in favour of the Scheme name A/c For e.g, “Franklin India Bluechip Fund”, Templeton India Growth Fund”, “Franklin India Prima Plus”. Separate cheques should be sent for each scheme / plan. The fund is not obliged to represent dishonored cheques or inform the investor / investor’s agent about it.

b. For Non-Resident Investors:

- by NRE/NRO account cheque from a bank located at places having a Franklin Templeton branch. Please provide a photocopy of the cheque along with the application form if investment is made through a NRE/NRO account.

- by Rupee draft purchased abroad payable at locations where the application is submitted to Franklin Templeton branch/ Collection Centre - by wire transfer/inward remittance to Franklin Templeton Mutual Fund’s account with Citibank, Fort, Mumbai.

c. Foreign Institutional Investors and International Multilateral Agencies shall pay their subscription by direct remittance from abroad or out of their special Non Resident Account,

maintained with a designated bank in India. RTGS/NEFT details for Fund Transfer to Franklin Templeton's collection account through RTGS / NEFT , for which the details will be as follows:

• While filling in the Credit Account Number / Beneficiary Account Number please ensure that it has

minimum of 11 digits and does not cross 20 digits (including the four digit code). This is mandatory and the Bank is likely to reject the transaction if this is not complied with. So kindly take care.

• Also ensure that there are no spaces or special characters while filling up the Credit Account No./Beneficiary Account Number.

11. Exit Load:

For investments under the new ‘Direct’ plan, the Exit load applicable shall be the same as the exit load applicable in the respective Scheme/Scheme Portfolio. The applicability of exit load in respect of switches between plans and options within the same Scheme will be as follows:

Nature of investment Exit Load applicability

Existing and new Switch to Direct will beinvestments made permitted subject to applicableunder a Distributor code exit load, if any

Existing and new No load will be charged oninvestments made switches to Direct.without a Distributor code

Investment made under No load will be charged on Direct route on or after switches from Direct to otherJanuary 01, 2013 plans and options under the

Scheme available for investmentunder a Distributor code.

For determining whether an investment was made under a Distributor code or not, the Distributor code as per the records of the AMC/Registrar on the date of the switch transaction will be considered.

12. Change of Broker code:

Request for change of broker code in Direct Plan i.e. from Direct to ARN code will not be entertained. However, investors desirous of such change can opt for a plan change by submitting a switch request to the regular scheme. Investors in existing schemes can submit a Switch Request to move the units to Direct Plan

13. Verification and registration of bank account: Ensure that the bank details furnished in the Application Form are as per the bank account details registered with Franklin Templeton Mutual Fund, failing which the investor will be required to submit such supporting documents as may be specified by the AMC for the purpose of verification and validation of the bank account. The AMC reserves the right to deny the request for registration of a bank account for the investor’s Folio in case the investor fails to submit the necessary document to the satisfaction of the AMC.

14. In case of application by a limited company or a body corporate or an eligible institution or a registered society or a trust or a partnership firm under a Power of Attorney or otherwise, the original Power of Attorney duly notarized or a certified true copy thereof or the relevant resolution or authority to make the application / redemption as the case may be, or certified true duly thereof, along with a certified copy of the Memorandum and Articles of Association and/or bye laws and/or trust deed and/or partnership deed (as the case may be) and Certificate of Registration / Incorporation should be submitted. The officials should sign the application under their official designation. In case of a Trust, it shall submit a certified true copy of the resolution from the Trustee(s) authorizing such purchases / redemption.

15. As per SEBI Circular SEBI/IMD/CIR No.11/78450/06 dated October 11, 2006, FTMF hereby declare all its branch offices [Investor Service Centres (ISC)], the designated branch offices of Karvy Computershare Private Limited (Karvy) and Computer Age Management Services Private Limited (CAMS) (termed as C o l l e c t i o n C e n t r e s ) a n d F T M F ’ s w e b s i t e (www.franklintempletonindia.com) as the Official Points of Acceptance of Transactions ("OPAT"). Additionally, the Secured internet site hosted or managed by CAMS will also be OPAT in respect of the transactions routed through the distributors who have registered for this facility (in accordance with the terms and conditions, as may be prescribed from time to time). Further, MF Utilities India Private Limited (MFUI) website www.mfuonline.com and authorised MFUI POS updated on www.mfuindia.com will be considered as OPAT. The "cut off time" mentioned in the Scheme Information Document shall be reckoned at these official points. All transaction (purchase/redemption/switch) applications must be demonstrably received by the Mutual Fund at these OPAT.

Further in case of transactions done through the stock exchange infrastructure, all the Eligible Stock Brokers will be considered as the OPAT for the transactions done under this facility. The cut-off timing and applicability of NAV for the transaction will be determined in accordance with the provisions of SEBI circular no. SEBI/IMD/CIR No.11/78450/06 dated October 11, 2006. The day and time of receipt of the transaction application by FTMF will be based on the time stamping as evidenced by the confirmation slip generated by the stock exchange infrastructure.

16. Applications that are incomplete or inaccurate or ambiguous or

conditional are termed as Not in Good Order (NIGO). NIGO applications are processed or rejected in accordance with the g u i d e l i n e s a s m e n t i o n e d o n o u r w e b s i t e www.franklintempletonindia.com as amended from time to time. All applications are accepted “Subject to Verification”.

Applications can be therefore rejected at the counter itself, or subsequently at the time of a good order review either at the branch or at the back office.

17. Transactions charges

• Please tick the appropriate box as applicable to you. Please tick the box ‘I am a First time investor in mutual funds’ only if you are investing first time ever in any mutual fund scheme across mutual funds in India. If no option is ticked or both options are ticked, the applicant will be considered to be an existing mutual funds investor.

• For determining a First time or existing mutual funds investor, the Mutual Fund/AMC may rely upon the information and/or declaration furnished by the investor in the application form. However, even if an applicant declares as ‘First time investor’, the Mutual Fund/AMC may adopt such other methods as it may deem appropriate from time to time for determining first time or existing mutual funds investor and further reserves the right to check / verify for the applicant’s other mutual fund investments to ascertain the same.

18. Nomination:

The nomination details should be filled up only by investors who opt for allotment in physical (non-demat) form. In case of units held in electronic (demat) form, the nomination details as recorded for the depository account shall be applicable. Nomination would normally be registered at the Folio level and will be recorded for all Accounts under that Folio. However the investor may choose to register different nomination for any of the Accounts under that Folio. For investment made under the Franklin Templeton Family Solutions facility, the nomination can be registered at Goal level. In case of switch which results in creation of a new Account, the nomination, if any, registered in the source (switch-out) account will automatically be registered for the destination (switch-in) account. In case of subscription which results in creation of a new Account, the nomination registered in the last transacted account under that Folio will be automatically registered for the new account. Nomination cannot be registered in Folios/Accounts held in the name of a minor. Where a minor is nominated, the name and address of the guardian of the minor nominee shall be provided by the unit holder(s). Nomination can be made only by individuals applying for/holding units on their own behalf singly or jointly. A new nomination or any change in the nomination already registered with the Mutual Fund/AMC will overwrite the existing nomination registered.

19. Know Your Customer (KYC):

All investors (including Joint holders, NRIs, POA holders and guardians in the case of minors) must ensure completion of Know Your Customer (KYC) formalities, failing which the transaction may be rejected. Currently it is mandatory for all investors irrespective amount of investment (including joint holders, NRIs, POA holders and guardians in the case of minors) to submit a copy of the KYC acknowledgement towards completion of Know Your Customers (KYC) policies under the AML Laws.

Central KYC Registry (CKYCR) is a centralized repository of KYC records of customers in the financial sector with uniform KYC norms and inter-usability of the KYC records across the sector with an objective to reduce the burden of producing KYC documents and getting those verified every time when the customer creates a new relationship with a financial entity. With effect from February 1, 2017, individual investors whose KYC is not registered or verified in the KYC Registration Agency (KRA) system should use “CKYC Form”. In case such investor provides the old KRA KYC form, additional/missing information must be provided in a “Supplementary CKYC Form”. Investors who have already completed Centralised KYC (CKYC) and have a KYC Identification Number (KIN) from CKYCR may quote their 14 digit KIN in the application form. If PAN of such investors is not updated in CKYC system, investors need to submit a self-certified copy of the PAN card.

Applications without such documents and information may be rejected.

• For applications by minors, copy of KYC Acknowledgement ofthe guardian must be submitted along with the Application /Transaction Form else the application may be rejected

• In case of applications under a Power of Attorney( POA), copy of KYC Acknowledgement of the investors and the POA holders must be submitted along with the Application / Transaction Form else the transaction may be rejected

• In case of subscriptions in scheme where Units are under a lock– in period as prescribed in the respective Scheme Information Documents (including ELSS Schemes) or a New Fund Offer, allotment may be done only on confirmation from the CVL/KRA that the KYC is final and if the CVL/KRA informs that the KYC is cancelled, the original amount invested may berefunded.

• In case of any transactions where the KYC formalities are completed for the investors in the folio, and a change of address is also requested, the transaction will be processed based on the current data available in the AMC / RTA records and the change of address will be rejected. Changes of address can only be registered through updation of KYC records via CKYC & KRA.

• As per the SEBI guidelines, the investors need to complete the In Person Verification (IPV) as part of the KYC requirements. Politically Exposed Persons (PEP) are defined as individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States or of Governments, senior politicians, senior Government / judicial/ military officers, senior executives of state owned corporations, important political party officials, etc. or any senior political figures and their immediate family members and close associates.

In the event of any KYC Application being subsequently rejected for lack of information / deficiency / insufficiency of mandatory documentation, the investment transaction may be cancelled and the amount may be redeemed at applicable NAV, subject to payment of exit load, wherever applicable. Suchre demption

INSTRUCTIONS

Account Type CURRENT ACCOUNT

IFSC Code CITI0100000

Credit Account Number/ Beneficiary AccountNumber

5050+Application Number / AccountNumber (for existing Investor) For e.g.1. An existing Investor with Account Number 0429900744244 should key in 505004299007442442. A new Investor filling in an application form no 1045268 should key in 50501045268

Centre (Location) Fort, Mumbai

Bank (Receiving Bank) Citibank

Branch Fort

Beneficiary Name Franklin Templeton MF High valueCollection Account

available under HPIN. Further this facility is not available for investors holding units in demat form.

Franklin Templeton has also introduced a facility for distributors to view their client accounts or transact on the web on behalf of their clients. Transaction can be effected provided the client has authorized the distributor by executing a Power of Attorney (PoA) in favour of the distributor for this purpose. The Power of Attorney must be submitted to the Fund before performing any transactions via the website.

26. Payment through electronic modes

• The redemption proceeds or dividend may be paid through various modes of electronic payments such as ECS / RTGS / NEFT / Direct Credit. Payment through RTGS can only be made when the amount paid is not less than Rs.2 lacs. Payment through NEFT / ECS can be made for all payments irrespective of value.

• Investors are requested to provide their bank's IFSC codes for RTGS/NEFT and MICR code for ECS. Investors need to provide a copy of cheque leaf (where the IFSC/MICR code is printed) or banker's confirmation for verification of the codes.

• Investors are requested to note that IFSC codes for RTGS and NEFT may be different for the same bank branch. Please contact your bank for the details of the same.

• Where the requisite information pertaining to the unit holder’s bank account is available with FTMF, the Mutual Fund / AMC may, at its discretion, endeavour to credit the redemption proceeds / dividend directly to the Unit holder’s bank account instead of issuing a payment instrument. Similarly, the Mutual Fund / AMC, also reserves the right to issue a payment instrument despite of an investor opting for Electronic Payout.

• The Fund, Trustee or the AMC will not be responsible for any delay / non-receipt of electronic payment where it is attributable to any incorrect/incomplete information provided by the investor. RTGS / NEFT / ECS are facilities offered by Reserve Bank of India (RBI), for facilitating better customer service by electronic payment of dividend / redemption to an investor’s bank account. This helps in avoiding loss of dividend/redemption warrant in transit or fraudulent encashment. Payments made through ECS / RTGS/NEFT are subject to applicable rules and policies of RBI and the working of banking system. It may be noted that there is no commitment from the Mutual Fund that this facility will be made available to the Unit holders for payment of dividend/redemption proceeds.

• Any charges levied by the investor's bank for receiving payment through electronic mode will be borne by the investor. The Mutual Fund / AMC will not accept any request for refund of such bank charges.

27. Ultimate Beneficial Owner:-

Pursuant to guidelines on identification of Beneficial Ownership issued vide SEBI circular no. CIR / MIRSD / 2/2013dated January 24, 2013, investors (other than Individuals) are required to provide details of Ultimate Beneficial Owner(s) (‘UBO’). The Ultimate Beneficial Owner means ‘Natural Person’, who, whether acting alone or together, or through one or more juridical person, exercises control through ownership or who ultimately has a controlling ownership interest of / entitlements to:

i. more than 25% of shares or capital or profits of the juridical person, where the juridical person is a company;

ii. more than 15% of the capital or profits of the juridical person, where the juridical person is a partnership; or

iii. more than 15% of the property or capital or profits of the juridical person, where the juridical person is a unincorporated association or body of individuals.

In case of a Trust, the settler of the trust, the trustees, the protector, the beneficiaries with 15% or more of interest in the trust and any other natural person exercising ultimate effective control over the trust through a chain of control or ownership is considered as the UBO.

Non-Individual investors who are not the ultimate beneficial owners of the investments, must mandatorily enclose a Declaration for Ultimate Beneficial Ownership duly signed by the authorized signatory along with the purchase application for units of schemes of FTMF.

The provisions w.r.t. Identification of UBO are not applicable to the investor or the owner of the controlling interest is a company listed on a stock exchange, or is a majority-owned subsidiary of such a company.

28. Details under FATCA/Foreign Tax Laws: Towards compliance with tax information sharing laws, such as FATCA, we would be required to seek additional personal, tax and beneficial owner information and certain certifications and documentation from our account holders. Such information may be sought either at the time of account opening or any time subsequently. In certain circumstances (including if we do not receive a valid self-certification from you) we may be obliged to share information on your account with relevant tax authorities. If you have any questions about your tax residency, please contact your tax advisor. Should there be any change in any information provided by you, please ensure you advise us promptly, i.e., within 30 days. Towards compliance with such laws, we may also be required to provide information to any institutions such as withholding agents for the purpose of ensuring appropriate withholding from the account or any proceeds in relation thereto. As may be required by domestic or overseas regulators/ tax authorities, we may also be constrained to withhold and pay out any sums from your account or close or suspend your account(s).

If you are a US citizen or resident or greencard holder, please include United States in the foreign country information field along with your US Tax Identification Number. Foreign Account Tax Compliance provisions (commonly known as FATCA) are contained in the US Hire Act 2010.

Please note that you may receive more than one request for information if you have multiple relationships with Franklin Templeton Asset Management (India) Pvt. Ltd. or its group entities. Therefore, it is important that you respond to our request, even if you believe you have already supplied any previously requested information.

For more information on the relevant sections covered above, please refer the updated Scheme Information Document and Statement of Additional Information.

• For existing investors, in case of additional purchase, if the mode of holding is Joint’ all unit holders need to sign.

• If an investor does not provide their bank details in an additional purchase in new scheme, the bank details from the last transacted account will be used

• In case of a difference between the Investor’s account number and the scheme name mentioned in the application, the same would be processed on the scheme name mentioned in the application.

• If an investor mentions his/her Existing Folio No with different mode of holding the same Existing Folio Number will be considered and Units allotted with the existing mode of holding already available with FTMF.

• If an investor mentions his/her Existing Folio No with different status the same Existing Folio Number will not be considered and Units allotted with a New Folio.

• The allotment of units is subject to realisation of the payment instrument. Units purchased can be redeemed only after realisation of cheques. The Mutual Fund will reject any request for redemption (including switch-out) of units in respect of which the payment is not realised. In case of switch, requests for redemption/switch-out from destination scheme for the units switched shall be accepted and/or processed only if the payment in respect of those units is received from the source scheme to destination scheme.

Applications under ‘Direct’

New Purchases/ Fresh SIP:

If the broker code field in the application form is blank, the transaction will be processed under “Direct Plan” of the respective scheme mentioned in the application form.


If the scheme name is clearly/unambiguously written as “<Scheme> - Direct - <Options>” in the application form, all such transactions will be processed under the Direct Plan. This is irrespective of whether the broker code/existing account number is mentioned in the application form or not. If the scheme name is clearly/unambiguously written as “<Scheme> - <Option>” and the broker code field is blank in the application form, the transaction will be processed in the Direct Plan.

Note: Minimum investment amount validations will be applicable as per the existing plan for the above transaction(s). If the Minimum Investment requirement is not met by the investor then the particular transaction will be rejected.

General

• Advisor codes will be processed under UNKNOWN in the following situations:

a) Advisor code is corrected but not countersigned by the investor in the application

b) If there are multiple advisor codes mentioned in the application

c) If the advisor code is not clear in the application

21. In order to pay the investor the redemption amount requested for (in Rupees), Franklin Templeton will redeem that many units as would give the investor the net redemption amount requested for, after deducting Securities Transaction Tax and exit load as applicable. STT deduction is not applicable when the STT amount is less than the value of Re. 0.50.

22. Investors are requested to contact the nearest Investor Service Centre (ISC) in case of non receipt of Account Statement/Letter confirmation within 30 days of the lodgement of transaction request. The content of the Account Statement will be considered to be correct if no discrepancy is reported within 30 days from the date of the last transaction.

23. In case investor has requested for electronic payment of dividend and redemption facility, Franklin Templeton Investments cannot be responsible for errors or delays in processing the request due to errors in the information provided.

24. As per SEBI circular No. SEBI/IMD/Cir-10/22701/03 dated December 12, 2003 read with Circular No. SEBI/IMD/Cir- 1/42529/05 dated June 14, 2005, each portfolio under a scheme should have a minimum of 20 investors and no single investor should account for more than 25% of the corpus of such portfolio. Determining the breach of the 25% limit by an Investor – The average net assets of the scheme would be calculated daily and any breach of the 25% holding limit by an investor would be determined. At the end of the quarter, the average of daily holding by each such investor is computed to determine whether that investor has breached the 25% limit over the quarter. If there is a breach of limit by any investor over the quarter, a rebalancing period of one month would be allowed and thereafter the investor who is in breach of the rule shall be given 15 days notice to redeem his exposure over the 25% limit. Failure on the part of the said investor to redeem his exposure over the 25% limit within the aforesaid 15 days would lead to automatic redemption by the Mutual Fund on the applicable Net Asset Value on the 15th day of the notice period. In each calendar quarter, on an average basis, each portfolio under an open end scheme shall meet with the above condition of minimum 20 investors, failing which the provisions of Regulation 39(2)(c) of SEBI (Mutual Funds) Regulations, 1996 would become applicable automatically without any reference from SEBI and accordingly, the portfolio shall be wound up by following the guidelines laid down by SEBI.

25. Investors can avail online Account Access and full transaction capabilities, on our website www.franklintempletonindia.com. The HPIN Facility is currently available to all individual and non-individual investors other than those transacting through Channel Partners, on FTMF’s website for all schemes for subscription, redemption or exchange. Investors can also tag together, and view from a single location, all their accounts (with the same order of names and mode of holding). In addition, a family access facility allows investors to consolidate holdings across investors if they desire. HPIN application forms are available for download from the w e b s i t e , o r b y s e n d i n g a n e m a i l t o [email protected]. On receipt and verification of the form, investors will be issued an HPIN – using

this, investors must create a username and password to access the site. For performing transactions through the HPIN facility, investors are required to furnish verified PAN, failing which the facility may be restricted to a "View Only" facility. For investor transacting through Channel Partners only “View” facility is

proceeds will be dispatched within a maximum period of 21 days from date of acceptance of application. In case of subscriptions in scheme where Units are under a lock – in period as prescribed in the respective Scheme Information Documents (including ELSS Schemes) or a New Fund Offer, allotment may be done only on confirmation from the central agency that the KYC is final and if the central agency informs that the KYC is cancelled, the original amount invested may be refunded.

For Investors who have submitted their KYC acknowledgement, changes as listed below must be requested through updation of KYC records.

• Change of address

• Name change

• Change of social status

• Any other information provided in KYC form

Any direct requests for the above for folios where the KYC acknowledgement is registered with us will be rejected. The address for a folio will be the 1st holder’s/1st Guardian’s address for communication. This address will be printed in the account statement and considered for all other communications.

Change of Address for investors who have submitted their KYCacknowledgement with us will be effected into all folios where the investor is the first holder or 1st guardian. If the investor has not registered their KYC acknowledgement with us, the change of address request will be effected only for the particular folio(s)requested by the investor. Such request needs to be accompanied with the proof of address and proof of identity. If PAN is updated and verified in our records, only PAN card copy would be accepted as proof of identity. If PAN is not updated and verified in our records, PAN card copy or any other proof of identity (bearing photo) is acceptable. When investors submit their KYC acknowledgement for an existing folio, all existing details of the holder(s) will be overwritten with the details available in the records of CVL.

As per the recent amendments to the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, mutual fund account/folio holders (in case of individual investor) and managers, officers or employees holding an attorney to transact on behalf of non-individual investor are required to update their Aadhaar numbers , failing which the said account/folio will cease to be operational. The purpose of collection/usage of Aadhaar number including demographic information is to comply with applicable laws/rules/regulations and provision of the said data is mandatory as per applicable laws/rules/regulations. Post obtaining the Aadhaar number, we shall authenticate the same in accordance with the Aadhaar Act, 2016. We shall receive your demographic information which shall be used only to comply with applicable laws/rules/regulations. Aadhaar number shall be updated in all folios held with Franklin Templeton Mutual Fund in your capacity as sole/joint investor, guardian or authorized signatory only post successful validation with UIDAI.

20. Default Options:

The following defaults will apply to the processing of applications, where required, in addition to the defaults already mentioned in the KIM:

New Purchases:

• Where the mode of holding is not mentioned, an application be treated as either SINGLE or JOINT based on the number of applicants/ number of signatures on the form.

• In case the social status of the investor is not mentioned in the application form, the same would be derived on the basis of the other information available in the application form.Eg. PAN, Pay-in bank details, etc

• In case more than one investor’s name appears in the application form, but the form has been signed by the first holder only, the same will be processed with the mode of holding as SINGLE in favour of the first holder.

• Application where the scheme name / abbreviation is available, but specifics of the plan or options are not mentioned will be processed as per the default options listed in the KIM.

• Where the investor had failed to indicate clearly the Plan/Options in the application form or has mentioned both Plan/Options i.e. Dividend and Growth, the application will be processed as per the default option.

• If the Scheme name in the application is different from the scheme name in the cheque, the transaction will be processed as per the application.

• If the Scheme name/Plan/Option is not mentioned in the application form, the transaction will be processed as per the scheme name (under the default option of the scheme) appearing in the cheque.

• In case the amount specified on the cheque /instrument or payment advice differs from the amount on the application, the application will be processed for the amount of the cheque /instrument or payment advice only.


• If an investor provides all details, including scheme plan, option, and there is only one existing account matching this in the folio, the purchase will be processed into that account. If there are multiple matching accounts, the purchase will be processed into the last transacted account. The last transacted account is determined by the date of the latest Purchase, Redemption or Switch transaction, or the date of registration of a Systematic Investment, Transfer or Withdrawal Plan. If the last transacted account has NIL balance, then that transaction can be processed in the active account.

• If an investor only provides the scheme name, but not the plan and or option, transactions will be processed based on the following rules:

- If there is one account of the scheme in that folio, the transaction will be processed into that account irrespective of whether it is the default option.

- If there are multiple accounts in different scheme options in the folio, the transaction will be processed in the account under the default option.

- If there are multiple accounts of the default option in the folio, the transaction will be processed into the last transacted account.

- If there is no account in that scheme under the folio, a new account in the default option will be created.


ADF

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Unit Holder Information (Beneficial Investor)

Third Party Information and Relationship with Applicant (Beneficial Owner)

Name of Third Party making payment

PAN details and KYC (Mandatory)

Contact Details

Email:

Beneficial Investor statusPlease tick one as applicable

Minor (upto Rs. 50,000/- only)

(for each SIP/lumpsum)

FII or Client Employee/s

Payment Details

Investment Amount in Rs.

Payment Mode Cheque Demand Draft/Pay Order Funds Transfer RTGS/NEFT

Cheque/DD/UTR No. Dated:

Payment from A/c No.

Payment from Bank & Branch

Mandatory Documents (based on payment mode) :Cheque: Account number and account holder name should be printed on the cheque. Else a copy of the bank passbook / bank statement account / bank letter certifying the third party account holder and account number.Demand Draft: Issuing Banker certificate/DD counterfoil mentioning Bank Account Holder’s Name and Bank Account Number debited for issue of the demand draft.Funds Transfer/RTGS/NEFT: Instruction copy to the Bank stating the Bank Account Number used for payment

Declaration Signature/s

Third Party making Payment

Sole / First Investor/Applicant /Registered Guardian

KYC Acknowledgement of Third Party attached.

Mobile: Tel.:

All details are mandatory, including relationship, PAN and KYC. Please read scheme related documents, KIM, Instructions details on Third Party payment guidelines before investing and filling this form. The forms should be filled in English. Please tick relevant boxes where applicable.

Name of First/Sole Applicant

Annexure to Common Application Form No.:

Account type For Residents Savings Current For Non-Residents NRO NRE Others________________ FCNR

Third Party Payment Declaration Form

For Existing Unit Holder : Account No.Folio No.

Contact Person DetailsFor Non Individuals

Address:

Designation:

Third Party and Beneficial Investor have read and understood the Third Party Payment Rules, and hereby agree

to be bound by the same.

We certify that the information declared herein is true and correct. We hereby agree to promptly inform Franklin

Templeton Mutual Fund (FTMF), its Trustee, the AMC of any changes to the information provided hereinabove

and shall furnish such further information as may be required.

Third Party hereby confirms that the monies invested in the scheme(s) of FTMF legally belong to it and / or is

derived through legitimate sources and is not held or designed for the purpose of contravention of any applicable

act, rules, regulations or any notifications, directions issued by governmental or statutory or judicial or

regulatory authorities / agencies, from time to time.

Beneficial Investor has no objection to the funds received from the Third Party.

We acknowledge that FTMF, its Trustee, the AMC shall have sole and absolute discretion to reject / not process

the application received from the beneficial investor(s) and refund the subscription monies without any interest

or compensation.

Relationship with Beneficial Investor

Parent Grand Parent

Relative (Specify relationship)

Custodian: SEBI Regn No.:

Validity till:

Employer Corporate

Declaration by Third Party

Legal Guardian

I hereby declare and confirm the minor stated above is the beneficial owner of the investment details mentioned above and I am providing the funds for these investments on account of my natural love and affection or as gift from my bank account only.

We confirm the beneficial owner as stated above and that this payment is issued by us in our capacity as Custodian to the Applicant/Investor. The source of this payment is from funds provided to us by the FII / Client.

W e c o n f i r m t h a t t h e investment/s is/are on behalf o f o u r e m p l o y e e / s a n d payment/s is/are towards Systematic Investment plan/ or Lumpsum or one time through the payroll deduction. or deduction out of expense reimbursement.

W e c o n f i r m t h a t t h e investment/s is/are on behalf of our Agent/ Distributor/ Dealer (similar arrangement w i t h P r i n c i p a l - a g e n t relationship) on account of commission/ incentive payable for sale of its goods/services in form of mutual fund units through Systematic Investment plan/ or Lump sum or one-time subscription.

Agent/ Distributor/ Dealer (similar arrangement with Principal - agent relationship)

Sl. No.

Name:

(The limit of Rs. 50,000/- will not be applicable if the payment is made from the guardian who is registered in our record in the respective folio)

D D / M M / Y Y

D D / M M / Y Y

Third Party Payment Rules

In order to enhance compliance with Know your Customer (KYC) norms under the Prevention of Money Laundering Act, 2002 (PMLA) and to

mitigate the risks associated with acceptance of third party payments, Association of Mutual Funds of India (AMFI) issued best practice guidelines

on "Risk mitigation process against Third party instruments and other payment modes for mutual fund subscriptions". AMFI has issued the said

best practice guidelines requiring mutual funds/asset management companies to ensure that Third-Party payments are not used for mutual fund

subscriptions.

1. The following words and expressions shall have the meaning specified herein:

(a) "Beneficial Investor" is the first named applicant/investor in whose name the application for subscription of Units is applied for with the

Mutual Fund.

(b) "Third Party" means any person making payment towards subscription of Units in the name of the Beneficial Investor.

(c) "Third Party payment" is referred to as a payment made through instruments issued from a bank account other than that of the Beneficiary

Investor. It is clarified that in case of payments from a joint bank account, the first holder of the mutual fund folio has to be one of the joint

holders of the bank account from which payment is made.

2. The AMC shall not accept subscriptions with Third Party payment instruments in the Scheme, except in cases of

a. In case of investment in the name of a minor, payment by Parents / Grand- Parents / related persons (other than the person registered as

Guardian in the minor’s Folio) on behalf of a minor in consideration of natural love and affection or as gift for a value not exceeding

Rs.50,000/- (each regular purchase or per SIP instalment);

b. In case of investment in the name of a minor, payment by the person registered as Guardian in the minor’s Folio irrespective the amount of

investment;

c. Payment by Employer on behalf of employee for lump sum/one-time subscription or under SIP through Payroll deductions or deductions out

of expense reimbursement;

d. Payment by Employer towards subscription in the name of employees as bonus/incentive paid in form of mutual fund units;

e. Custodian on behalf of an FII or a client.

f. Payment by Asset Management Company to a Distributor empanelled with it on account of commission/incentive etc. in the form of the

Mutual Fund Units of the Funds managed by such AMC through Systematic Investment Plans or lump sum / one-time subscription, subject

to compliance with SEBI Regulations and Guidelines issued by AMFI, from time to time;

g. Payment by Corporate to its Agent/ Distributor/ Dealer (similar arrangement with Principal-agent relationship), on account of commission/

incentive payable for sale of its goods/services in form of mutual fund units through SIP or lump sum/ one-time subscription.

3. The investors making an application under the exception cases mentioned above need to submit such declarations and other documents /

information as may be prescribed by the AMC from time to time, without which applications for subscriptions for units will be rejected / not

processed / refunded.

4. KYC is mandatory for all investors (guardian in case of minor) and the person making the payment i.e. third party.

The above mentioned Third Party Payment Rules are subject to change from time to time.

19

INVESTMENT

OBJECTIVEAn open-end growth scheme with an objective primarily to provide medium to long-term capital appreciation.


Above 60%

Upto 40%

Upto 15%

Equities

Debt*

Money market instruments

* includes Securitised Debt up to 40%

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

Last 1 Year 16.84% 16.79%Last 3 Years 14.66% 8.73%Last 5 Years 16.52% 13.93%Since Inception 21.74% 10.03%

Inception Date: December 1, 1993



future. Based on Growth Plan NAVs. Bonus is adjusted and dividends declared are assumed to be reinvested

ASSET ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT

STRATEGYPlease refer to Page No. 44

RISK PROFILE OF

THE SCHEMEPlease refer to Page No. 45

RISK MITIGATION

FACTORSPlease refer to Page No. 45

PLANS AND

OPTIONS• Growth Plan • Dividend Plan (with Reinvestment and Payout

Options) • Direct – Growth Plan • Direct – Dividend Plan (with

Reinvestment and Payout Options)

APPLICABLE NAV

(after the scheme


and sale)

Please refer to Page No. 46

MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Purchase: Rs.5,000 and multiples of Re.1.Additional Purchase: Rs.1,000 and multiples of Re.1.Repurchase:Minimum of Rs.1,000/-

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


BENCHMARK INDEX S&P BSE Sensex

DIVIDEND POLICY Please refer to Page No. 45

NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE

TRUSTEE COMPANYPlease refer to Page No. 46

PERFORMANCE OF


FRANKLIN INDIA BLUECHIP FUND (FIBCF)

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

Last 1 yearLast 3 years 15.66% 8.73%Last 5 years N.A. N.A.Since inception 14.98% 11.09%

17.89% 16.79%

Inception Date: January 1, 2013

FIBCF - DIRECT

i) Load Structure

Entry Load Nil

Exit Load In respect of each purchase of Units - 1% if the Units are redeemed/switched-out within one year of allotment.


2.22%1.34% (Direct)

EXPENSES OF THE

SCHEME

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’

INFORMATIONPlease refer to Page No. 47

SCHEME

COMPARISONPlease refer to Page No. 44

NO. OF FOLIOS Please refer to Page No. 44

ASSETS UNDER

MANAGEMENT (AUM)Please refer to Page No. 44





FIBCF-Direct S&P BSE Sensex


1. Anand Radhakrishnan

2. Roshi Jain

3. Srikesh Nair (dedicated for

foreign securities)

Tenure of managing the scheme (in years) (Upto June 26, 2017)10.25 Years

1.15 Years

1.57 Years

#including investments in Foreign Securities as may bepermitted by SEBI/RBI upto the limit specified for applicableasset class in the asset allocation table above.The scheme may take exposure in derivatives up to a maximum of 50% of its AUM.

INVESTMENT

OBJECTIVEAn open-end growth scheme with the objective to provide long-term capital growth to its unitholders.

ASSET ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT


RISK PROFILE OF


RISK MITIGATION


PLANS AND

OPTIONSGrowth Plan Dividend Plan (with Reinvestment and Payout Options)Direct – Growth PlanDirect – Dividend Plan (with Reinvestment and Payout Options)

APPLICABLE NAV

(after the scheme


and sale)


TEMPLETON INDIA GROWTH FUND (TIGF)


85%Equities & Equitylinked securitiesDebt securities / Moneymarket instruments

15%

Note: Debt includes Securitised Debt.#including investments in Foreign Securities as may be permitted by SEBI/RBI upto the limit specified for applicable asset class in the asset allocation table above.

FIBCF S&P BSE Sensex

5.7%

15.8%

36.3%

-3.2%

18.7%

8.2%

18.8%

24.9%

-9.4%

16.9%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%


-5.3%*

16.7%

37.4%

-2.3%

19.8%

-3.8%*

18.8%

24.9%

-9.4%

16.9%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%


i) Load Structure

Entry Load Nil

Exit Load In respect of each purchase of Units - 1% if the Units areredeemed/swi tched-out within one year of allotment.


2.72%2.00% (Direct)

EXPENSES OF THE

SCHEME

20

DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER




DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


BENCHMARK INDEX S&P BSE Sensex, MSCI India Value


NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE


PERFORMANCE OF


Compounded Scheme Benchmark Benchmark

Annualised Returns(%) Returns(%) Returns(%)

Returns S&P MSCI India BSE Sensex Value

Last 1 Year 29.02% 16.79% 11.33%

Last 3 Years 17.63% 8.73% 5.04%

Last 5 Years 18.90% 13.93% 9.57%

Since Inception 17.19% 11.22% N.A.

Inception Date: September 10, 1996


future. Based on Dividend Plan NAVs. Performance of Dividend Plan/ Option would be at the gross rates. Bonus is adjusted and dividends declared are assumed to be reinvested.

Growth plan was introduced in the scheme w.e.f. September 5, 2003 and hence, returns are calculated based on dividend plan.




Returns S&P MSCI IndiaBSE Sensex Value

Last 1 Year 29.97% 16.79% 11.33%

Last 3 Years 18.44% 8.73% 5.04%

Last 5 Years N.A N.A N.A

Since Inception 16.56% 11.09% 6.67%






TIGF-Direct S&P BSE Sensex MSCI India Value

TIGF - DIRECT

TIGF S&P BSE Sensex MSCI India Value

Name of the Fund Manager

1. Vikas Chiranewal

Tenure of managing the scheme (in years) (Upto June 26, 2017)0.74 Year

INVESTMENT

OBJECTIVEAn open-end diversified equity fund that seeks toprovide a combination of regular income and long-term capital appreciation by investing primarily in stocks that have a current or potentially attractive dividend yield.

ASSET

ALLOCATION

PATTERN OF THE

SCHEME

INVESTMENT


RISK PROFILE OF


RISK MITIGATION


PLANS AND

OPTIONSGrowth Plan

Dividend Plan (with Reinvestment and Payout Options)

Direct – Growth Plan

Direct – Dividend Plan (with Reinvestment and Payout Options)

APPLICABLE NAV

(after the scheme

opens for

repurchase and sale)


MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Purchase: Rs.5,000 and multiples of Re.1.Additional Purchase: Rs.1,000 and multiples of Re.1Repurchase:Minimum of Rs.1,000/-

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


BENCHMARK INDEX S&P BSE 200


NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE


TEMPLETON INDIA EQUITY INCOME FUND (TIEIF)

Types of Instruments Normal Allocation#

(% of Net Assets)

Equities and Equity 70% - 100%

Linked instruments,

out of which

Large companies 20%-75%

Other Indian companies 0%-25%

Foreign securities as 0%-50%

permitted by SEBI/RBI

Debt securities, Money market 0%-30%

instruments and Cash*

# including investments in ADR/GDR/Foreign Securities/ FCCBs and any other instruments as may be permitted by SEBI/RBI upto 50% of the net assets of the scheme, exposure in derivatives upto a maximum of 50%

* including securitised debt upto 30%


1. Vikas Chiranewal2. Srikesh Nair (dedicated for

foreign securities)

Tenure of managing the scheme (in years) (Upto June 26, 2017)0.74 Year0.74 Year

MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS


5.9

%

13

.7%

38

.9%

-3.7

%

30

.3%

8.2

%

18

.8% 24

.9%

-9.4

%

16

.9%

-0.3

%

10

.8%

17

.6%

-5.5

%

13

.9%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%


-7.2%*

13.5%

40.9%

-3.1%

31.3%

-3.8%*

18.8%

24.9%

-9.4%

16.9%

-7.5%*

10.8%

17.6%

-5.5%

13.9%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%


As the scheme was launched before the launch of the benchmark index, benchmark index figures since inception are not available.


INVESTMENT

OBJECTIVEAn open-end growth scheme with an objective to providemedium to long-term capital appreciation as a primaryobjective and income as a secondary objective.

ASSET

ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT


FRANKLIN INDIA PRIMA FUND (FIPF)


Equities Above 60%Debt* Upto 40%Money market instruments Upto 15%

RISK PROFILE OF


RISK MITIGATION


PLANS AND OPTIONS • Growth Plan • Dividend Plan (with Reinvestment and Payout Options) • Direct – Growth Plan • Direct – Dividend Plan (with Reinvestment and Payout Options)

21

i) Load Structure

Entry Load Nil

Exit Load In respect of each purchase of Units - 1% if the Units areredeemed/switched-outwithin one year of allotment.


2.56%1.89% (Direct)

EXPENSES OF THE

SCHEME

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER





Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

Last 1 Year 26.26% 20.99%Last 3 Years 15.80% 12.15%Last 5 Years N.A N.ASince Inception 14.79% 12.82%






TIEIF-Direct S&P BSE 200

TIEIF - DIRECT



Compounded Scheme Benchmark BenchmarkAnnualised Returns(%) Returns(%) Returns(%)Returns Nifty Nifty

500 Midcap 100#Last 1 Year 26.90% 22.74% 31.73%Last 3 Years 25.03% 12.88% 19.93%Last 5 Years 28.33% 16.36% 20.47%Since Inception 21.03% 10.24% N.A.

MINIMUM APPLICATION AMOUNT/NUMBER OF UNITS




BENCHMARK INDEX Nifty 500 & Nifty Free Float Midcap 100


NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE


Past performance may or may not be sustained in future. Based on Growth Plan NAVs.# Nifty Midcap 100 has been included as additional benchmark for Franklin India Prima Fund (FIPF) effective May 20, 2013.



PERFORMANCE OF


Compounded Scheme Benchmark BenchmarkAnnualised Returns(%) Returns(%) Returns(%)Returns Nifty Nifty

500 Midcap 100Last 1 Year 28.20% 22.74% 31.73%Last 3 Years 26.53% 12.88% 19.93%Last 5 Years N.A N.A N.ASince Inception 26.21% 13.44% 17.47%


FIPF - DIRECT

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



PERFORMANCE OF


FIPF Nifty 500 Nifty Midcap 100

TIEIF S&P BSE 200


1. R. Janakiraman

2. Hari Shyamsunder



9.38 Years

1.15 Years

1.57 Years

#including investments in Foreign Securities as may be permitted by SEBI/RBI upto the limit specified for applicable asset class in the asset allocation table above.Exposure in derivatives up to a maximum of 50% of AUM

12.2% 13.0%

34.1%

-2.1%

25.3%

6.0%

17.2%

31.9%

-7.9%

22.5%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%


-6.6%*

13.6%

34.7%

-1.5%

26.2%

-6.5%*

17.2%

31.9%

-7.9%

22.5%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%


13

.2%

28

.8%

68

.5%

-1.8

%

32

.1%

5.1

% 17

.7%

33

.6%

-7.5

%

23

.9%

-4.0

%

16

.4%

51

.0%

-1.9

%

34

.9%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%



i) Load Structure

Entry Load Nil



2.34%1.32% (Direct)

EXPENSES OF THE

SCHEME







UNITHOLDERS’ INFORMATION


SCHEME COMPARISON



ASSETS UNDER MANAGEMENT (AUM)


Past performance may or may not be sustained in future. Based on Growth Plan NAVs. # Nifty Midcap 100 index has been included as additional benchmark for Franklin India Prima Fund (FIPF) effective May 20, 2013.*For schemes/plans launched during the year the returns are from inception date.


22

FIPF-Direct Nifty 500 Nifty Midcap 100

* Returns since inception






Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


Inception date: September 29, 1994.


PERFORMANCE OF


i) Load Structure

Entry Load Nil



2.27%1.10% (Direct)

EXPENSES OF

THE SCHEME









SCHEME COMPARISON





FIPP Nifty 500

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)




FIPP - DIRECT

Past performance may or may not be sustained in future. Based on Growth Plan NAVs. *For schemes/plans launched during the year the returns are from inception date.

FIPP-Direct Nifty 500

INVESTMENT

OBJECTIVEAn open end growth scheme with an objective to providegrowth of capital plus regular dividend through adiversified portfolio of equities, fixed income securitiesand money market instruments.

FRANKLIN INDIA PRIMA PLUS (FIPP)

ASSET

ALLOCATION

PATTERN OF

THE SCHEME


Equities At least 40%Debt* Up to 40%Money Market Instruments Up to 20%

*Includes Securitised Debt up to 40%

INVESTMENT


RISK PROFILE OF


RISK MITIGATION


PLANS AND

OPTIONS

• Growth Plan • Dividend Plan (with Reinvestment and Payout Options) • Direct – Growth Plan • Direct – Dividend Plan (with Reinvestment and Payout Options)




Purchase: Rs.5,000 and multiples of Re.1;Additional Purchase: Rs.1,000 and multiples of Re.1;Repurchase: Minimum of Rs.1,000



BENCHMARK INDEX Nifty 500

NAME & TENURE OF

THE FUND MANAGER(S)


1. Anand Radhakrishnan2. R. Janakiraman3. Srikesh Nair (dedicated for

foreign securities)

Tenure of managing the scheme (in years) (Upto June 26, 2017)10.25 Years6.40 Years1.57 Year

#including investments in Foreign Securities as may bepermitted by SEBI/RBI upto the limit specified for applicableasset class in the asset allocation table above.Exposure in derivatives up to a maximum of 50% of AUM

-8.3%*

29

.8%

70.6

%

-0.6%

33

.4%

-7.3%*

17

.7%

33

.6%

-7.5%

23

.9%

-14.0%*

16

.4%

51

.0%

-1.9%

34

.9%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%


7.8%

21.4%

53.2%

-2.3%

20.4%

5.1%

17.7%

33.6%

-7.5%

23.9%

-20.0%

0.0%

20.0%

40.0%

60.0%


-6.2%*

22.2%

54.5%

-1.1%

21.8%

-7.3%*

17.7%

33.6%

-7.5%

23.9%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%


INVESTMENT

OBJECTIVEAn open-end diversified equity fund that seeks toprovide medium to long-term capital appreciation byinvesting in stocks across the entire market capitalizationrange.

FRANKLIN INDIA FLEXI CAP FUND (FIFCF)

INVESTMENT


RISK PROFILE OF


RISK MITIGATION


PLANS AND

OPTIONS• Growth Plan • Dividend Plan (with Reinvestment and

Payout Options) • Direct – Growth Plan • Direct – Dividend

Plan (with Reinvestment and Payout Options)

ASSET

ALLOCATION

PATTERN OF THE

SCHEME


Equities and Equity 75% - 100%Linked instruments#out of which

Large Cap 20%-100%Mid Cap 0%-70%Small Cap 0%-40%

Debt securities* 0% - 25%Money Market Instruments 0% - 25%

# including investments in ADR/GDR up to 50%, exposure in derivatives upto a maximum of 50%

*including securitised debt upto 25%

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)




FIFCF - DIRECT

FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


i) Load Structure

Entry Load Nil



2.31%1.50% (Direct)

EXPENSES OF THE

SCHEME

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


INVESTMENT

OBJECTIVEAn open-end diversified equity fund that seeks to providemedium to long term appreciation through investmentsprimarily in Asian Companies / sectors (excluding Japan)with long term potential across market capitalisation.

ASSET ALLOCATION

PATTERN OF

THE SCHEME

FRANKLIN ASIAN EQUITY FUND (FAEF)


(% of Net Assets)


Linked instruments

- Domestic securities 0% - 40%@- Foreign Securities 50% - 100%

Domestic Debt securities* and 0% - 30%


@ including investments in units/securities of overseas mutual funds/ unit trusts and such other foreign securities/ instruments as may be permitted by SEBI/RBI upto the limit specified for applicable asset class in the table above.

# exposure in derivatives up to a maximum of 50%

* including securitised debt up to 30%

The scheme would predominantly invest in Foreign Securitiesof Asian companies (excluding Japan) and other companiesthat are benefiting from growth in Asian economies.




23

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


Inception date: March 02, 2005.










NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE


PERFORMANCE OF




FIFCF Nifty 500

FIFCF-Direct Nifty 500


1. Lakshmikanth Reddy2. R. Janakiraman3. Srikesh Nair (dedicated for

foreign securities)

Tenure of managing the scheme (in years) (Upto June 26, 2017)1.15 Year3.35 Years1.57 Year

8.1%

23.0%

52.0%

-4.4%

17.4%

5.1%

17.7%

33.6%

-7.5%

23.9%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%


-6.3%*

23.7%

53.0%

-3.7%

18.3%

-7.3%*

17.7%

33.6%

-7.5%

23.9%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%


INVESTMENT


RISK PROFILE OF


RISK MITIGATION


PLANS AND




FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


i) Load Structure

Entry Load Nil

Exit Load In respect of each purchase of Units - 1% if the Units areredeemed/switched-outwithin three years of allotment.

ii) Recurring expenses (Actual Expenses for thefinancial year endingMarch 2017)

2.96%2.20% (Direct)

EXPENSES OF THE

SCHEME

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


INVESTMENT

OBJECTIVEAn open-end diversified equity fund that seeks toachieve capital appreciation through investments inIndian companies/sectors with high growth rates orpotential.

ASSET ALLOCATION

PATTERN OF

THE SCHEME

FRANKLIN INDIA HIGH GROWTH COMPANIES FUND (FIHGCF)

INVESTMENT


RISK PROFILE OF



(% of Net Assets)


Linked Instruments

Debt securities* and 0% - 30%




RISK MITIGATION

FACTORS


PLANS AND


APPLICABLE NAV

(after the scheme

opens for

repurchase and sale)


MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS


DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST




NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE


24







BENCHMARK INDEX MSCI Asia (ex-Japan) Standard Index


NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE


Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


PERFORMANCE OF


Inception date: January 16, 2008.



FAEF MSCI Asia (ex Japan) Standard Index

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


FAEF - DIRECT





FAEF-Direct MSCI Asia (ex Japan) Standard Index


1. Roshi Jain2. Srikesh Nair (dedicated for

foreign securities)

Tenure of managing the scheme (in years) (Upto June 26, 2017)6.40 Years1.57 Year


1. Roshi Jain2. Anand Radhakrishnan3. Srikesh Nair (dedicated for

foreign securities)

Tenure of managing the scheme (in years) (Upto June 26, 2017)4.97 Years1.15 Year1.57 Year

10.0% 10.6%

15.0%

-3.8%

14.5%11.3%

11.0%12.8%

-8.8%

12.2%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%


-2.1%*

11.2%

15.5%

-3.1%

15.4%

-1.8%*

11.0%12.8%

-8.8%

12.2%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%


25

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


Inception date: July 26, 2007.


PERFORMANCE OF


i) Load Structure

Entry Load Nil

Exit Load In respect of each purchase of Units - 1% if the Units are redeemed/switched-out within two years of allotment.


2.31%1.06% (Direct)

EXPENSES OF

THE SCHEME

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER




Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)




FIHGCF - DIRECT




INVESTMENT

OBJECTIVEAn open end index linked growth scheme with the

objective to invest in companies whose securities are

included in the Nifty and subject to tracking errors,

endeavouring to attain results commensurate with Nifty 50

Index under NSE Nifty Plan

ASSET ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT


RISK PROFILE OF


RISK MITIGATION


PLANS AND

OPTIONSNSE Nifty Plan: Growth Plan • Dividend Plan (with

Reinvestment and Payout Options) • Direct - Growth Plan

• Direct – Dividend Plan (with Reinvestment and Payout

Options)



MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS


DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


BENCHMARK INDEX Nifty 50 (NSE Nifty Plan)


NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE


PERFORMANCE OF


FRANKLIN INDIA INDEX FUND (FIIF)

Normal Allocation#(% of Net Assets)

Types of Instruments

Securities covered by the Nifty Up to 100%

Money Market instruments, Up to 5%convertible bonds & cashincluding money at call butexcluding subscription andRedemption Cash Flow

NSE NIFTY PLAN

#including investments in Foreign Securities as may be

permitted by SEBI/RBI upto the limit specified for applicable

asset class in the asset allocation table above.

The Scheme may invest in index futures, stock futures and

options contracts, warrants, convertible securities, swap

agreements or other derivative products, as and when

introduced.

Tracking Error: The performance of the Scheme may not

be commensurate with the performance of the Nifty 50 on any

given day or over any given period. Such variations, referred

to as tracking error, are expected to be around 2% per annum,

but may vary substantially due to several factors.

FIHGCF-Direct Nifty 500

NSE Nifty Plan

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


Inception Date: August 04, 2000.

FIHGCF Nifty 500


1. Varun Sharma2. Srikesh Nair (dedicated for

foreign securities)


1.57 Year1.57 Year

13.9%

24.7%

73.4%

-7.6%

25.6%

5.1%

17.7%

33.6%

-7.5%

23.9%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%


-5.6%*

25.4%

75.4%

-6.2%

27.1%

-7.3%*

17.7%

33.6%

-7.5%

23.9%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%




UNITHOLDERS’


SCHEME



ASSETS UNDER


i) Load Structure

Entry Load Nil

Exit Load 1% (if redeemed within30 days from the date ofallotment)


1.06% - NSE Nifty Plan0.64% - NSE Nifty Plan (Direct)

EXPENSES OF THE

SCHEME





26







FIIF - NIFTY PLAN - DIRECT

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



INVESTMENT

OBJECTIVEAn open-end diversified growth scheme, with anobjective to generate capital appreciation by capitalizing on long - term growth opportunities in the Indian economy.


Upto 100%

Upto 35%

Equities

Money market instruments

Under normal circumstances at least 65% of the scheme’sassets will be invested in equities.Exposure in derivatives up to a maximum of 50% of AUM

ASSET ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT STRATEGY


RISK PROFILE OF THE SCHEME


RISK MITIGATION FACTORS


PLANS AND






FRANKLIN INDIA OPPORTUNITIES FUND (FIOF)


future.Based on Growth Plan NAVs.# Index adjusted for the period February 21, 2000 toMarch 10, 2004 with the performance of ET Mindex.






Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)#


Inception date: February 21, 2000.

BENCHMARK INDEX S&P BSE 200


NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE


PERFORMANCE OF


Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



FIOF - DIRECT

FIIF - NSE Plan (Direct) Nifty 50


FIIF - NSE Plan Nifty 50

FIOF S&P BSE 200#

# Index adjusted for the period February 21, 2000 toMarch 10, 2004 with the performance of ET Mindex.


1. R Janakiraman2. Hari Shyamsunder3. Srikesh Nair (dedicated for

foreign securities)


4.24 Years1.15 Year1.57 Year

#including investments in Foreign Securities as may bepermitted by SEBI/RBI upto the limit specified for applicableasset class in the asset allocation table above.

7.4%

18.3%

26.6%

-8.4%

18.7%

7.3%

18.0%

26.7%

-8.9%

18.5%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%


-4.7%*

18.6%

27.0%

-8.0%

19.2%

-4.5%*

18.0%

26.7%

-8.9%

18.5%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%


3.4%

21.2%

57.6%

-8.1%

21.8%

6.0%

17.2%

31.9%

-7.9%

22.5%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%


i) Load Structure

Entry Load Nil



2.72%1.83% (Direct)

EXPENSES OF THE

SCHEME





SCHEME COMPARISON









INVESTMENT

OBJECTIVEThe investment objective of Franklin India Technology Fund is to provide long- term capital appreciation by predominantly investing in equity and equity related securities of technology and technology related companies.

FRANKLIN INDIA TECHNOLOGY FUND (FITF)




Purchase: Rs.5,000 and multiples of Re.1Additional Purchase: Rs.1,000 and multiples of Re.1Repurchase: Minimum of Rs.1,000



BENCHMARK INDEX


NAME & TENURE

OF THE FUND

MANAGER(S)



future. Based on Growth Plan NAVs. *For schemes/plans launched during the year the returns are from inception date.

27

ASSET ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT STRATEGY






PLANS AND

OPTIONS

• Growth Plan • Dividend Plan (with Reinvestment and Payout Options) • Direct – Growth Plan • Direct – Dividend Plan (with Reinvestment and Payout Options)

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark#Returns (%)

Last 1 Year -0.20% -11.70%Last 3 Years 10.65% 6.51%Last 5 Years 13.76% 12.52%Since Inception 18.27% N.A

Inception date: August 22, 1998Year-wise returns for the last 5 financial years

NAME OF THE


PERFORMANCE OF


Past performance may or may not be sustained in future. Returns based on Growth Plan NAV of May 31, 2017. Inception date: January 01, 2013.

Returns based on Growth Plan NAV of May 31, 2017. Inception date: August 22, 1998.As the scheme was launched before the launch of the benchmark index, benchmark index figures since inception are not available.# S&P BSE TeckIndex is adjusted for the period Jan 31, 2000 to May 26, 2017 with the performance of S&P BSE Information Technology.FIOF-Direct S&P BSE 200#


1. Anand Radhakrishnan2. Varun Sharma3. Srikesh Nair (dedicated for

foreign securities)


10.33 Years1.57 Year1.57 Year

i) Load Structure

Entry Load Nil

Exit Load In respect of each purchase of Units - 1% if the Units areredeemed/swi tched-outwithin two years of allotment.


2.79%2.16% (Direct)

EXPENSES OF THE

SCHEME

FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


SCHEME



ASSETS UNDER


TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark#Returns (%)

Last 1 Year 0.42% -11.70%Last 3 Years 11.32% 6.51%Last 5 Years N.A N.ASince Inception 16.42% 14.21%

Inception date: January 1, 2013Year-wise returns for the last 5 financial years

FITF - DIRECT

Past performance may or may not be sustained in future. Based on Growth Plan NAVs. *For schemes/plans launched during the year the returns are from inception date.Note: Name and benchmark of Franklin Infotech Fund (FIF) are changed to Franklin India Technology Fund (FITF) and S&P BSE Teck with effect from May 29, 2017.

Returns based on Growth Plan NAV of May 31, 2017.# S&P BSE TeckIndex is adjusted for the period Jan 31, 2000 to May 26, 2017 with the performance of S&P BSE Information Technology.

FITF-Direct S&P BSE Information Technology

-9.4%*

21.7%

58.2%

-7.4%

22.9%

-6.5%*

17.2%

31.9%

-7.9%

22.5%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%


FITF S&P BSE Information Technology

10.1%

25.9%

29.0%

-0.5%

0.2%

13.2%

27.7%29.7%

-0.1%

-9.0%-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%


S&P BSE TECK

17

.0%

* 26.5%29.5%

0.2% 0.9%

21

.1%

*

27.7%29.7%

-0.1%-9.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%



The Scheme may invest up to a maximum of 35% of its corpus in overseas securities.If permitted by SEBI under extant regulations/guidelines, the Scheme may engage in short selling of securities and scrip lending as provided under Securities Lending Scheme 1997, and other applicable guidelines/regulations, as amended from time to time. A maximum of 20% of net assets may be deployed in securities lending and the maximum single counter party exposure may be restricted to 5% of net assets outstanding at any point of time.The Scheme will not invest in derivatives and securitized debt.

Instruments Risk Profile % of Assets

Equity/Equity related instruments High-Medium 65-100%

Money Market instruments Low 0-35%

i) Load Structure

Entry Load Nil



2.50%0.91% (Direct)

EXPENSES OF THE

SCHEME

FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION





28

INVESTMENT

OBJECTIVEAn open-end equity fund which seeks to achieve capitalappreciation through investments in companies engagedeither directly or indirectly in infrastructure-relatedactivities.

ASSET ALLOCATION

PATTERN OF

THE SCHEME

FRANKLIN BUILD INDIA FUND (FBIF)

Instruments As % of Net Assets#(Min. – Max.)

Equities and Equity 70% - 100%Linked instruments

- Infrastructure- 65% - 100%related companies- Other companies 0% - 35%

Debt securities* and MoneyMarket Instruments 0% - 30%

# including investments in Foreign Securities as may be permitted by SEBI/RBI up to 35% of the net assets of the scheme, exposure in derivatives up to a maximum of 50% * including government securities and securitised debt up to 30%

INVESTMENT STRATEGY






PLANS AND

OPTIONS• Growth Plan • Dividend Plan (with Reinvestment and Payout Options) • Direct – Growth Plan • Direct – Dividend Plan (with Reinvestment and Payout Options)

APPLICABLE NAV

(after the scheme


and sale)


FIBF-Direct Crisil Balanced Fund Index


Purchase: Rs.5,000/- and multiples of Re.1.Additional purchase: Rs.1,000 and multiples of Re.1Repurchase: Minimum of Rs.1,000/-

-4.2%*

19.3%

45.3%

1.3%

17.2%

-2.3%*

13.4%

22.5%

-2.9%

16.1%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%


INVESTMENT

OBJECTIVEAn open end balanced scheme with an objective toprovide long-term growth of capital and currentincome by investing in equity and equity relatedsecurities and high quality fixed income instruments.


*including high quality securitised debt up to a maximum limit of 10% of the scheme’s corpus.

Within the allocation to.wards fixed income instruments, up to 90% may be invested in Government securities (Central / State Government) securities supported by unconditional guarantee of the respective governments.

ASSET ALLOCATION

PATTERN OF

THE SCHEME

FRANKLIN INDIA BALANCED FUND (FIBF)

Equity and Equity 50% to 75%related securities

Fixed Income* and Money 25% - 50%market instruments

INVESTMENT STRATEGY






PLANS AND







Purchase: Rs.5,000 and multiples of Re.1Additional Purchase: Rs.1,000 and multiples of Re.1;Repurchase: Minimum of Rs.1,000



Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

Last 1 Year 14.53% 15.61%Last 3 Years 16.86% 10.46%Last 5 Years 17.93% 12.80%Since Inception 14.55% N.A


BENCHMARK INDEX Crisil Balanced Fund - Aggressive Index


NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE


PERFORMANCE OF



future.

Based on Growth Plan NAVs.


Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



FIBF - DIRECT

FIBF Crisil Balanced Fund Index


1. Lakshmikanth Reddy (Equity)

2. Sachin Padwal-Desai3. Umesh Sharma (Debt)


1.15 Year

7.2%

18.6%

44.3%

0.0%

15.4%

8.2%

13.4%

22.5%

-2.9%

16.1%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%


10.58 Years6.98 Years







NAME & TENURE

OF THE FUND

MANAGER(S)



PERFORMANCE OF


i) Load Structure

Entry Load Nil

Exit Load In respect of each purchase of Units - 1% if the Units areredeemed/switched-outwithin two year of allotment.


2.79%1.39% (Direct)

EXPENSES OF THE

SCHEME




TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


FBIF - DIRECT





Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


INVESTMENT

OBJECTIVEAn open end Equity Linked Savings scheme with anobjective to provide medium to long-term growth ofcapital along with income tax rebate.


ASSET ALLOCATION

PATTERN OF

THE SCHEME

FRANKLIN INDIA TAXSHIELD (FIT)

Equity / Equity related Up to 100%instruments

PSU Bonds / Debentures Up to 20%Money Market Instruments Up to 20%

INVESTMENT

STRATEGY


RISK PROFILE OF


RISK MITIGATION


PLANS AND

OPTIONS• Growth Plan • Dividend Plan (with Payout Option) • Direct – Growth Plan • Direct – Dividend Plan (with Payout Option).




Purchase: Rs.500 and multiples of Rs.500Additional Purchase: Rs.500 and multiples of Rs.500Repurchase: Minimum of Rs.500




NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE


LOCK IN PERIOD All subscriptions in FIT are subject to a lock-in-period of 3 years from the date of allotment and the unitholder cannot redeem, transfer, assign or pledge the units during this period.

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


Inception date: April 10, 1999

PERFORMANCE OF





FIT Nifty 500

29



FBIF Nifty 500

FBIF-Direct Nifty 500


1. Roshi Jain2. Anand Radhakrishnan3. Srikesh Nair (dedicated for

foreign securities)


6.41 Years7.81 Years1.57 Year


1. Lakshmikanth Reddy2. R. Janakiraman


1.15 Year1.15 Year

10.8%

24.7%

85.0%

-6.6%

30.3%

5.1%

17.7%

33.6%

-7.5%

23.9%

-20.0%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%


-6.1%*

25.6%

86.8%

-5.1%

32.1%

-7.3%*

17.7%

33.6%

-7.5%

23.9%

-20.0%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%


7.1%

21.4%

52.9%

-2.9%

18.8%

5.1%

17.7%

33.6%

-7.5%

23.9%

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%


Exposure in derivatives up to a maximum of 50% of AUM



SCHEME COMPARISON





INVESTMENT

OBJECTIVEAn open-end tax saving scheme whose objective is toprovide investors regular income under the DividendPlan and capital appreciation under the Growth Plan.


ASSET ALLOCATION

PATTERN OF

THE SCHEME

FRANKLIN INDIA PENSION PLAN (FIPEP)

Equities, preference shares Up to 40%and equity related instruments

Debentures* (Investment grade Up to 100%privately placed etc.), Bondsissued by Public Sector Unitsand Money Market Instruments

INVESTMENT STRATEGY






PLANS AND

OPTIONS

Growth Plan • Dividend Plan (with Reinvestment and Payout

Options) • Direct – Growth Plan • Direct – Dividend Plan (with

Reinvestment and Payout Options)

Dividend declared is compulsorily reinvested till investor attains

58 years of age. On attaining 58 years of age (subject to completion

of lock-in period and minimum target investment), the investor

can avail any of the following options: Pension Option, Lump sum

Option, Combination Option and Flexible Option.




i) Load StructureEXPENSES OF THE

SCHEME Entry Load Nil

Exit Load Nil


2.45%1.44% (Direct)







Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



FIT - DIRECT




30


Purchase: Rs.500 and multiples of Re.1Additional Purchase: Rs.500 and multiples of Re.1Repurchase:Minimum of Rs.500/-Minimum Target Investment: Rs.10,000 before the age of 60 years

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

Last 1 Year 11.76% 15.75%Last 3 Years 13.69% 11.78%Last 5 Years 13.84% 12.40%Since Inception 12.89% N.A

Inception date: March 31, 1997


NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE


PERFORMANCE OF



LOCK IN PERIOD All subscriptions in FIPEP are locked in for a period of 3full financial years.



BENCHMARK INDEX 40% of Nifty 500 and 60% of Crisil Composite Bond Fund Index

FIPEP 40% Nifty 500 + 60% Crisil Composite Bond Fund Index

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



FIPEP - DIRECT




SCHEME Entry Load NilExit Load: (Subject to 3% (if redeemed beforethe completion of the age of 58 years)lock-in- period and NIL (if redeemed afterminimum target the age of 58 years)investment)ii) Recurring expenses 2.48%(Actual Expenses for the 1.73% (Direct)financial year endingMarch 2017)



FIPEP-Direct 40% Nifty 500 + 60%Crisil Composite Bond Fund Index


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FIT-Direct Nifty 500


1. Sachin Padwal-Desai2. Umesh Sharma (Debt)3. Lakshmikanth Reddy

(Equity)


10.58 Years6.98 Years1.15 Years

-5.6%*

22.2%

54.0%

-2.0%

20.0%

-7.3%*

17.7%

33.6%

-7.5%

23.9%

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%


9.6% 10.4%

32.3%

2.4%

12.4%7.9%

9.8%

22.0%

1.9%

16.3%

0.00%

10.00%

20.00%

30.00%

40.00%


-1.6%*

11.1%

33.1%

3.2%

13.2%

-1.9%*

9.8%

22.0%

1.9%

16.3%

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%



FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


INVESTMENT

OBJECTIVEAn open-end Fund of Funds Scheme with an objective toprovide long-term capital appreciation with relativelylower volatility through a dynamically balanced portfolioof equity and income funds.

ASSET ALLOCATION

PATTERN OF

THE SCHEME

FRANKLIN INDIA DYNAMIC PE RATIO FUND OF FUNDS (FIDPEF)

INVESTMENT


RISK PROFILE OF


RISK MITIGATION


PLANS AND





Purchase: Rs.5000 and multiples of Re.1Additional Purchase: Rs.1,000 and multiples of Re.1Repurchase: Minimum of Rs.1,000/-



The equity allocation will be determined based on the month-end weighted average PE ratio of the Nifty 50 Index (NSE Nifty). The portfolio will be rebalanced in the first week of the following month.

If weighted average

PE ratio of NSE

Nifty falls in this

band…

…the equity

component

will be… (%)

…and the debt

component

will be … (%)

Up to 12 90 – 100 0 – 10

12-16 70 – 90 10 – 30

16-20 50 – 70 30 – 50

20-24 30 – 50 50 – 70

24-28 10 – 30 70 – 90

Above 28 0 – 10 90 – 100

Underlying Schemes - Equity funds : Franklin India Bluechip Fund (FIBCF), Franklin India Prima Plus (FIPP)

Income (debt) funds: Franklin India Short Term Income Plan (FISTIP), Franklin India Income Opportunities Fund (FIIOF)

BENCHMARK INDEX S&P BSE Sensex & Crisil Balanced Fund - Aggressive Index




FIDPEF S&P BSE Sensex Crisil Balanced Fund Aggressive Index


NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE


PERFORMANCE OF


Inception date: October 31, 2003



Returns S&P Crisil BalancedBSE Sensex Fund - Aggressive

Index

Last 1 year 13.21% 16.79% 15.61%

Last 3 years 11.76% 8.73% 10.46%

Last 5 years 12.76% 13.93% 12.80%

Since inception 15.77% 14.56% 12.08%

FIDPEF - DIRECT




Returns S&P Crisil BalancedBSE Sensex Fund -

Aggressive Index

Last 1 year 14.46% 16.79% 15.61%

Last 3 years 12.88% 8.73% 10.46%

Last 5 years N.A N.A N.A

Since inception 11.46% 9.47% 9.70%




*For schemes/plans launched during the year the returns are from

inception date.


SCHEMEEntry Load Nil

Exit Load In respect of eachpurchase of Units - 1% ifthe Units areredeemed /switched-outwithin one year ofallotment.

ii) Recurring expenses 1.72%(Actual Expenses for the 0.63% (Direct)financial year endingMarch 2017)

FIDPEF-Direct S&P BSE Sensex

Crisil Balanced Fund Aggressive Index

31




6.40 Years

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


EXPENSE RATIO OF

THE UNDERLYING

FUNDS

Direct Plan expenses as at May 31, 2017

Franklin India Bluechip fund 1.32%

Franklin India Prima Plus 1.18%

Franklin India Short Term Income Plan 0.91%

Franklin India Income Opportunities Fund 1.04%

Note: The above ratio includes the Service tax on Investment Management Fees

FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


Note: This excludes the weighted average of charges leviedby the underlying scheme(s)

6.8

%

11

.3%

24

.2%

1.5

%

14

.4%

8.2

%

18

.6%

25

.1%

-9.4

%

16

.9%

8.2

% 13

.3%

22

.7%

-2.9

%

16

.1%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%


-3.0

%*

12.3

%

25.2

%

2.5%

15.6

%

-3.8

%*

18.6

% 25.1

%

-9.4

%

16.9

%

-2.3

%*

13.3

%

22.7

%

-2.9

%

16.1

%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%


32

Under normal market circumstances, the investmentrange would be as follows:

Plans Equity Debt

20s Plan 80% 20%

30s Plan 55% 45%

40s Plan 35% 65%

50s Plus Plan 20% 80%

50s Plus Floating Rate Plan 20% 80%

INVESTMENT

OBJECTIVEAn open-end Fund of Funds Scheme with primaryobjective to generate superior risk adjusted returns toinvestors in line with their chosen asset allocation.

ASSET ALLOCATION

PATTERN OF

THE SCHEME

FRANKLIN INDIA LIFE STAGE FUND OF FUNDS (FILSF)

The debt and equity allocation will be rebalanced once inevery 6 months.Each plan has a separate portfolio.Underlying SchemesEquity: Franklin India Bluechip Fund (FIBCF), Franklin India Prima Fund (FIPF), Templeton India Growth Fund (TIGF).Debt: Franklin India Dynamic Accrual Fund (FIDA), Franklin India Income Builder Account (FIIBA), Franklin India Savings Plus Fund (FISPF)Steady State Asset Allocation under normal conditions

Underlying schemesEquity Debt

FIBCF FIPF TIGF FIDA FIIBA20s Plan 80% 20% 50% 15% 15% 10% 10% -

30s Plan 55% 45% 35% 10% 10% 25% 20% -

40s Plan 35% 65% 15% 10% 10% 35% 30% -

50s Plus Plan 20% 80% 10% - 10% 40% 40% -

50s FloatingRate Plan 20% 80% 10% - 10% - - 80%

INVESTMENT


20s Plan - 65% S&P BSE Sensex + 15%Nifty 500 + 20% Crisil CompositeBond Fund Index;



50s Plus Plan - 20% S&P BSE Sensex + 80% CrisilComposite Bond Fund Index;

50s Plus Floating 20% S&P BSE Sensex + 80% Crisil

Rate Plan - Liquid Fund Index.

RISK PROFILE OF


RISK MITIGATION


PLANS AND OPTIONS 20s Plan, 30s Plan, 40s Plan, 50s Plus Plan and 50s Plus

Floating Rate Plan.

All with Growth Plan, Dividend Plan (with Reinvestment and

Payout Options), Direct – Growth Plan, Direct – Dividend


APPLICABLE NAV

(after the scheme


and sale)


MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Purchase: Rs.5000 and multiples of Re.1Additional Purchase: Rs.1,000 and multiples of Re.1Repurchase: Minimum of Rs.1,000/-

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


BENCHMARK INDEX


FISPF

Returns based on Growth Plan NAV. Inception date: 20’s Plan, 30’s Plan, 40’s Plan & 50’s Plus Plan - December 01, 2003; 50’s Plus Floating Rate Plan – July 09, 2004.

PERFORMANCE OF

THE SCHEME

AS OF MAY 31, 2017

Compounded Last Last Last SinceAnnualised Returns 1 Year 3 Years 5 Years Inception

20s Plan 18.24% 15.25% 16.63% 16.22%

Benchmark 16.60% 9.88% 13.53% 13.26%

30s Plan 15.59% 13.38% 14.08% 13.34%

Benchmark 14.88% 10.24% 12.35% 11.58%

40s Plan 13.65% 12.19% 12.48% 11.46%

Benchmark 13.70% 10.61% 11.43% 10.04%

50s Plus Plan 12.33% 10.51% 10.29% 9.02%

Benchmark 12.20% 10.42% 10.45% 8.66%

50s Plus 9.73% 9.61% 10.13% 9.82%Floating Rate Plan

Benchmark 8.93% 8.20% 9.54% 9.15%



FILSF - 20s Plan 6.9% 14.7% 36.2% -1.4% 20.1%Benchmark 8.1% 15.5% 24.4% -5.6% 16.9%

FILSF - 30s Plan 7.7% 11.5% 28.4% 1.0% 17.0%Benchmark 8.6% 12.0% 21.4% -1.3% 15.1%

FILSF - 40s Plan 8.8% 9.6% 23.6% 2.9% 14.8%Benchmark 8.8% 9.2% 19.3% 2.2% 13.9%

FILSF - 50s plus Plan 8.7% 6.5% 17.1% 4.3% 13.0%Benchmark 9.2% 7.1% 16.8% 4.7% 12.3%

FILSF - 50s plusFloating Rate Plan 8.0% 10.2% 14.5% 5.9% 10.2%Benchmark 8.4% 11.4% 12.3% 4.5% 9.1%

Past performance may or may not be sustained in future.Based on Growth Plan NAVs.** Benchmark: 20s Plan: 65% S&P BSE Sensex + 15% CNX 500 + 20% Crisil Composite Bond Fund Index; 30s Plan: 45% S&P BSE Sensex + 10% CNX 500 + 45% Crisil Composite Bond Fund Index; 40s Plan: 25% S&P BSE Sensex + 10% CNX 500 + 65% Crisil Composite Bond Fund Index; 50s Plus Plan: 20% S&P BSE Sensex + 80% Crisil Composite Bond Fund Index; 50s Plus Floating Rate Plan: 20% S&P BSE Sensex + 80% Crisil Liquid Fund Index

FILSF - 20s Plan Benchmark



FILSF - 50s plus Plan BenchmarkFILSF - 50s plus Floating Rate Plan Benchmark


FILSF - DIRECT

Compounded Last Last Last SinceAnnualised Returns 1 Year 3 Years 5 Years Inception

20s Plan 18.69% 15.65% N.A 14.92%

Benchmark 16.60% 9.88% N.A 11.24%

30s Plan 16.32% 14.03% N.A 13.14%

Benchmark 14.88% 10.24% N.A 10.76%

40s Plan 14.68% 13.02% N.A 12.09%

Benchmark 13.70% 10.61% N.A 10.40%

50s Plus Plan 13.16% 11.29% N.A 10.24%

Benchmark 12.20% 10.42% N.A 9.84%

50s Plus 10.14% 10.06% N.A 10.10%Floating Rate Plan

Benchmark 8.93% 8.20% N.A 9.01%

NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE

TRUSTEE COMPANY



1. Anand Radhakrishnan (Equity)

2. Sachin Padwal-Desai (Debt)

3. Pallab Roy (Debt)


6.40 Years

10.89 Years

9.01 Years

SCHEME



ASSETS UNDER


UNITHOLDERS’


6.9

%

14

.7%

36

.2%

-1.4

%

20

.1%

8.1

%

15

.5% 2

4.4

%

-5.6

%

16

.9%

7.7

% 11

.5%

28

.4%

1.0

%

17

.0%

8.6

%

12

.0% 2

1.4

%

-1.3

%

15

.1%

8.8

%

9.6

%

23

.6%

2.9

%

14

.8%

8.8

%

9.2

%

19

.3%

2.2

%

13

.9%

8.7

%

6.5

%

17

.1%

4.3

%

13

.0%

9.2

%

7.1

%

16

.8%

4.7

%

12

.3%

8.0

%

10

.2%

14

.5%

5.9

% 10

.2%

8.4

%

11

.4%

12

.3%

4.5

% 9.1

%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%



FILSF - 20s Plan -5.0%* 15.4% 36.7% -1.1% 20.6%Benchmark -3.2%* 15.5% 24.4% -5.6% 16.9%

FILSF - 30s Plan -3.0%* 12.1% 28.9% 1.7% 17.7%Benchmark -1.6%* 12.0% 21.4% -1.3% 15.1%

FILSF - 40s Plan -1.5%* 10.1% 24.1% 3.8% 15.8%Benchmark -0.5%* 9.2% 19.3% 2.2% 13.9%

FILSF - 50s plus Plan 0.0%* 7.1% 17.6% 5.3% 13.8%Benchmark 0.7%* 7.1% 16.8% 4.7% 12.3%

FILSF - 50s plusFloating Rate Plan 0.3%* 10.8% 14.9% 6.5% 10.6%Benchmark 0.7%* 11.4% 12.3% 4.5% 9.1%

EXPENSES OF

THE SCHEME

i) Load StructureEntry Load

Exit Load

ii) Recurring expenses 1.44% - 20s Plan(Actual Expenses for the 1.51% - 30s Planfinancial year ending 1.58% - 40s PlanMarch 2017) 1.61% - 50s Plus Plan

0.79% - 50s Plus FloatingRate Plan1.09% - 20s (Direct)0.91% - 30s (Direct)0.79% - 40s (Direct) 0.89% - 50s Plus (Direct) 0.42% - 50s Plus Floating Rate (Direct)

Nil (For all plans)

20’s Plan, 50’s Plus Plan and 50’s Plus Floating Rate Plan: In respect of each purchase of Units - 1% if redeemed within 1 year of allotment30’s Plan and 40’s Plan: In respect of each purchase of Units – 0.75% if redeemed within 1 year of allotment





SCHEME



ASSETS UNDER








FILSF - 20s Plan (Direct) BenchmarkFILSF - 30s Plan (Direct) BenchmarkFILSF - 40s Plan (Direct) BenchmarkFILSF - 50s plus Plan (Direct) BenchmarkFILSF - 50s plus Floating Rate Plan Benchmark

33


*For schemes/plans launched during the year the returns are from inception date. ** Benchmar: 20s Plan: 65% S&P BSE Sensex + 15% CNX 500 + 20% Crisil Composite Bond Fund Index; 30s Plan: 45% S&P BSE Sensex + 10% CNX 500 + 45% Crisil Composite Bond Fund Index; 40s Plan: 25% S&P BSE Sensex + 10% CNX 500 + 65% Crisil Composite Bond Fund Index; 50s Plus Plan: 20% S&P BSE Sensex + 80% Crisil Composite Bond Fund Index; 50s Plus Floating Rate Plan: 20% S&P BSE Sensex + 80% Crisil Liquid Fund Index

INVESTMENT STRATEGY






PLANS AND

OPTIONS• Growth Plan • Dividend Plan (with Reinvestment and Payout Options) • Direct – Growth Plan • Direct – Dividend Plan (with Reinvestment and Payout Options)




Purchase: Rs.5,000/- or any amount in multiple of Re.1/thereafterAdditional Purchase: Rs.1,000/- or any amount inmultiple of Re.1/- thereafterRepurchase : Rs.1,000/- or any amount in multiple ofRe.1/- thereafter



Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE


PERFORMANCE OF


Inception date: January 13, 2006Year-wise returns for the last 5 financial years



An open end diversified equity fund that seeks to providelong-term capital appreciation by investing in mid andsmall cap companies.


Min%-Max%*

ASSET ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT

OBJECTIVE

FRANKLIN INDIA SMALLER COMPANIES FUND (FISCF)

Equities and Equity Linkedinstruments out of which: 75% - 100%Smaller Companies 75% - 100%Other Companies 0% - 25%

Debt**/MoneyMarket Instruments/Cash 0% - 25%

* including investments in ADR/ GDR/ foreign securitiesup to 50% of the equity/debt portion, exposure inderivatives up to a maximum of 50%.

**including securitised debt up to 25%.

BENCHMARK INDEX Nifty Free Float Midcap 100

Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


FISCF - DIRECT


FISCF Nifty Free Float Midcap 100


1. R. Janakiraman

2. Hari Shyamsunder



9.38 Years

1.15 Year

1.57 Year

EXPENSE RATIO OF

THE UNDERLYING

FUNDS


Franklin India Bluechip fund 1.32%

Franklin India Prima Fund 1.32%

Templeton India Growth Fund 1.95%

Franklin India Dynamic Accrual Fund 0.88%

Franklin India Income Builder Account 1.40%

Franklin India Savings Plus Fund 0.11%

Note: The above ratio includes the Service tax on Investment Management Fees


-5

.0%

*

15

.4%

36

.7%

-1

.1%

20

.6%

-3

.2%

*

15

.5% 24

.4%

-5

.6%

16

.9%

-3

.0%

*

12

.1%

28

.9%

1.7

%

17

.7%

-1

.6%

*

12

.0% 2

1.4

%

-1

.3%

15

.1%

-1

.5%

*

10

.1%

24

.1%

3.8

%

15

.8%

-0

.5%

*

9.2

%

19

.3%

2.2

%

13

.9%

-0

.04

%*

7.1

%

17

.6%

5.3

% 13

.8%

0.7

%* 7.1

%

16

.8%

4.7

% 12

.3%

0.3

%*

10

.8%

14

.9%

6.5

%

10

.6%

0.7

%*

11

.4%

12

.3%

4.5

%

9.1

%

-10.0%-5.0%0.0%5.0%

10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%


15.1%

37.9%

77.2%

-0.7%

35.3%

-4.0%

16.4%

51.0%

-1.9%

34.9%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%


EXPENSES OF THE

SCHEME

i) Load Structure

Entry Load NilExit Load In respect of each purchase of

Units - 1% if the Units areredeemed/ switched-out within one year of allotment.










SCHEME COMPARISON









INVESTMENT

OBJECTIVEAn open end fund of funds scheme investing overseas thatseeks to provide capital appreciation by investingpredominantly in units of Franklin U. S. Opportunities Fund,an overseas Franklin Templeton mutual fund, whichprimarily invests in securities in the United States of America.

Types of Instruments Norm al Allocation(% of Net Assets)

ASSET ALLOCATION

PATTERN OF

THE SCHEME

FRANKLIN INDIA FEEDER - FRANKLIN U.S. OPPORTUNITIES FUND (FIF-FUSOF)

Units of Franklin 90% - 100%U. S. Opportunities Fund

Debt securities and 0% - 10%Money Market Instruments

INVESTMENT


RISK PROFILE OF


RISK MITIGATION


PLANS AND






MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Purchase: Rs.5,000 or any amount in multiple of Re.1/thereafter;

Additional Purchase: Rs.1,000/- or any amount inmultiple of Re.1/- thereafter;

Repurchase: Rs.1,000/- or any amount in multiple ofRe.1/- thereafter or ‘All units’ if the account balance is less than Rs. 1000/-

The scheme predominantly invests in units of FranklinU.S. Opportunities Fund, an international FranklinTempleton SICAV range mutual fund (domiciled inLuxemburg) that invests in securities in the United Statesof America.

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


FISCF-Direct Nifty Free Float Midcap 100

34

Inception date: February 6,2012


NAME & TENURE

OF THE FUND

MANAGER(S)

NAME OF THE


BENCHMARK INDEX Russell 3000 Growth Index

PERFORMANCE OF




Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



SCHEME Entry Load Nil

Exit Load In respect of each purchaseof Units – 1% if redeemedwithin three years ofallotment


Inception date: January 2,2013

FIF-FUSOF - DIRECT



Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)



ASSETS UNDER


FIF-FUSOF (Direct) Russell 3000 Growth

FIF-FUSOF Russell 3000 Growth


1. Srikesh Nair


1.15 Year

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME COMPARISON Please refer to Page No. 44

DAILY NET ASSET

VALUE (NAV)

PUBLICATION


EXPENSE RATIO OF

THE UNDERLYING

FUND

As at May 31, 2016Franklin U.S. Opportunities Fund, Class I (Acc) – 0.97%

Note: This excludes the weighted average of charges levied bythe underlying scheme(s)

-8.4%*

38.5%

79.4%

0.8%

37.0%

-14.0%*

16.4%

51.0%

-1.9%

34.9%

-20.0%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%


11.4%

34.5%

20.5%

-3.4%

11.6%17.8%

35.0%

22.0%

7.4%13.8%

-10.0%-5.0%0.0%5.0%

10.0%15.0%20.0%25.0%30.0%35.0%40.0%


7.7%*

36.1%

21.7%

-2.4%

12.6%

6.9%*

35.0%

22.0%

7.4%

13.8%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%



PLANS AND

OPTIONSGrowth Plan

Dividend Plan (with Reinvestment and Payout Options )

Direct – Growth Plan

Direct – Dividend Plan (with Reinvestment and Payout Options)

INVESTMENT

OBJECTIVEThe Fund seeks to provide capital appreciation by investing predominantly in units of Franklin European Growth Fund, an overseas equity fund which primarily invests in securities of issuers incorporated or having their principal business in European Countries. However, there is no assurance or guarantee that the objective of the scheme will be achieved.

FRANKLIN INDIA FEEDER -

FRANKLIN EUROPEAN GROWTH FUND (FIF-FEGF)

Types of Instruments As % of Net Assets(Min. – Max.)

95% - 100%Units of Franklin EuropeanGrowth Fund

ASSET ALLOCATION

PATTERN OF

THE SCHEME

INVESTMENT

STRATEGY


0% - 5%Debt securities and MoneyMarket Instruments

• The scheme would predominantly invest in units of Franklin European Growth Fund, an international Franklin Templeton SICAV range mutual fund (domiciled in Luxembourg) that invests in securities of issuers incorporated or having their principal business activities in European countries.

• Under normal circumstances, at least 95% of the total portfolio will be invested in Franklin European Growth Fund, subject to the Eligible Investment Amount and the terms of offer of Franklin European Growth Fund.

• The scheme does not intend to invest in Securitised Debt and in such debt securities that may have a coupon or payout linked to the performance of an equity/equity index as an underlying (popularly known as ‘equity linked debentures’).

• Subscriptions received in excess of the Eligible Investment Amount shall be invested in domestic debt and money market instruments including government securities, or securities which are supported by the Central or a State government. Further, if the investment proposed to be made by the Scheme in the underlying fund exceeds any restriction (regulatory or otherwise), or is less than the minimum investment amount requirement, imposed by the underlying fund, the subscription received in the Scheme may be invested in debt and money market instruments.

• The scheme does not intend to engage in stock lending / short selling. However, the Underlying Fund may engage in stock lending / short selling.

• The scheme shall not invest in derivatives and corporate debt repos. However, the Underlying Fund may have such investments.

RISK PROFILE OF

THE SCHEME


Please refer to Page No. 45RISK MITIGATION

FACTORS

APPLICABLE NAV

(after the scheme


and sale)


MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

Additional Purchase RepurchasePurchase


multipleof Re.1/-thereafter


multiple of Re.1/-thereafter


multiple of Re.1/-thereafter or

‘All Units’ if theaccount balance

is less thanRs.1,000/-.

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


BENCHMARK INDEX MSCI Europe Index


NAME & TENURE

OF THE FUND

MANAGER(S)

35

PERFORMANCE OF

THE SCHEME

EXPENSES OF THE

SCHEMEi) Load Structure

Entry Load Nil

Exit Load In respect of each purchaseof Units - 1% if redeemed/switched-out within threeyears of allotment.



AS OF MAY 31, 2017

Past performance may or may not be sustained in future. Based on Growth Plan NAVs.*For schemes/plans launched during the year the returnsare from inception date.


Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

Last 1 year 7.19% 9.11%Last 3 years -1.63% 0.25%Last 5 years N.A N.ASince inception -1.38% 0.69%


FIF - FEGF - DIRECT



Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)

Last 1 year 8.92% 9.11%Last 3 years -0.24% 0.25%Last 5 years N.A N.ASince inception 0.01% 0.69%

FIF-FEGF (Direct) MSCI Europe

FIF-FEGF MSCI Europe


1. Srikesh Nair


1.57 Year

NAME OF THE

TRUSTEE COMPANY


TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME



ASSETS UNDER


EXPENSE RATIO OF

THE UNDERLYING

FUNDS

As at May 31, 2017Franklin European Growth Fund, Class I (Acc) – 0.97%


-12.9%*

-1.4%

5.0%

-2.9%*-5.5%

4.3%

-14.0%-12.0%-10.0%

-8.0%-6.0%-4.0%-2.0%0.0%2.0%4.0%6.0%


-11.9%*

- 0.2%

6.7%

-2.9%*-5.5%

4.3%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%


INVESTMENT

OBJECTIVEThe Fund seeks to achieve capital appreciation and diversification through a mix of strategic and tactical allocation to various asset classes such as equity, debt, gold and cash by investing in funds investing in these asset classes.However, there is no assurance or guarantee that the objective of the scheme will be achieved.

FRANKLIN INDIA MULTI-ASSET

SOLUTION FUND (FIMAS)

Types of Instruments Normal Allocation

10% - 75%Equity allocation in units ofFranklin India Bluechip Fund(FIBCF) / Franklin India PrimaPlus (FIPP)*

ASSET ALLOCATION

PATTERN OF THE

SCHEME (AS % OF

NET ASSETS)


PLANS AND

OPTIONSGrowth PlanDividend Plan (with Reinvestment and Payout Facility)Growth Plan - Direct Dividend Plan - Direct (with Reinvestment and Payout Options)

INVESTMENT

STRATEGY

RISK PROFILE OF

THE SCHEME


As the scheme invests in mutual fund schemes, there are nospecific risk mitigating factors.

RISK MITIGATION

FACTORS

APPLICABLE NAV

(after the scheme


and sale)


MINIMUM

APPLICATION

AMOUNT/

NUMBER OF UNITS

DESPATCH OF

REPURCHASE

(REDEMPTION)

REQUEST


BENCHMARK INDEX CRISIL Balanced Fund - Aggressive Index


36

10% - 75%Debt allocation in units ofFranklin India Short TermIncome Plan (FISTIP) /Franklin India IncomeOpportunities Fund (FIIOF) **

1% - 50%Gold allocation into Gold ETF(s)

0% - 50%Cash allocation in units ofFranklin India TreasuryManagement Account(FITMA)***

0% - 5%Cash and Money MarketInstruments

*In case the allocation of FIMAS reaches 20% of the corpus of both FIBCF and FIPP, then fresh subscription/switches into FIMAS would be suspended.**In case the allocation of FIMAS reaches 20% of the corpus of both FISTIP and FIIOF, then fresh subscription/switches into FIMAS would be suspended.***In case the allocation of FIMAS reaches 20% of the corpus of FITMA, then fresh subscription/switches into FIMAS would be suspended.The Scheme does not intend to invest in overseas mutual funds / unit trusts. However, the underlying mutual fund schemes may have investments in overseas mutual funds / unit trusts / foreign securities.The scheme shall not participate in repo in corporate debt securities. However, the underlying mutual fund schemes may engage in repo in corporate debt securities.The scheme does not intend engaging in stock lending / short selling. However, the underlying mutual fund schemes may engage in stock lending / short selling.The scheme shall not invest in derivatives. However, the underlying mutual fund schemes may have investment in derivatives.Note: Fresh subscription/switches into FIMAS would be reopened subsequent to exposure of FIMAS falling less than 20% of the corpus of anyone of the underlying equity scheme and anyone of the underlying debt scheme and FITMA.In case the Fund Manager decides to change the investment allocations between the underlying schemes, the redemptions from the underlying scheme(s) (excluding Gold ETFs) on account of such re-allocation of investments will be limited to 5% of the net assets of the underlying scheme(s) on a single day.

Purchase: Rs.5,000/- and any amount thereafter in multiple of Re.1/-Additional Purchase: Rs.1,000 and any amount thereafter in multiple of Re.1/-Repurchase: Rs.1,000 and any amount in multiple of Re. 1/- thereafter or ‘All Units’ if the account balance is less than Rs.1,000/-.

TAX TREATMENT

FOR THE INVESTORS

(Unitholders)


DAILY NET ASSET

VALUE (NAV)

PUBLICATION


FOR INVESTOR

GRIEVANCES

PLEASE CONTACT


UNITHOLDERS’


SCHEME COMPARISON Please refer to Page No. 44


ASSETS UNDER


PERFORMANCE OF

THE SCHEME

EXPENSES OF THE

SCHEMEi) Load Structure

Inception date: November 28, 2014

AS OF MAY 31, 2017

Past performance may or may not be sustained in future. Based on Growth Plan NAVs.*For schemes/plans launched during the year the returnsare from inception date.


Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


Inception date: November 28, 2014

FIMAS - DIRECT



*For schemes/plans launched during the year the returns are from

inception date.


Compounded

Annualised Returns

Scheme

Returns (%)

Benchmark

Returns (%)


Entry Load In accordance with the SEBI guidelines, no entry load will be charged by the Mutual Fund

Exit Load For each purchase of units – 1% if redeemed/switched out within 3 years of allotment


FIMAS Crisil Balanced Fund Index

FIMAS (Direct) Crisil Balanced Fund Index

NAME OF THE

TRUSTEE COMPANY


NAME & TENURE

OF THE FUND

MANAGER(S)




2.33 Years

EXPENSE RATIO OF

THE UNDERLYING

FUNDS


Franklin India Bluechip Fund (FIBCF) 1.32%Franklin India Prima Plus (FIPP) 1.18%Franklin India Short Term Income Plan 0.91%(FISTIP)Franklin India Income Opportunities Fund 1.04%(FIIOF)Franklin India Treasury Management 0.14%Account (FITMA)Gold ETF(s) 1.15%*

Note: The above ratio includes the Service tax on Investment Management Fees*Refers to expense ratio of Reliance ETF Gold BeES, for the year endedApril 30, 2017.

Note: This excludes the weighted average of charges levied by the underlying scheme(s)

1.9%* 1.4%

10.1%

0.7%*

-2.9%

16.1%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%


2.5%* 3.2%

12.0%

0.7%*

-2.9%

16.1%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%


37

Portfolio Details


FRANKLIN INDIA BLUECHIP FUND


HDFC Bank Ltd 9.44

ICICI Bank Ltd 5.09

Larsen & Toubro Ltd 4.27

Infosys Ltd 4.00

YES Bank Ltd 3.88


Bharti Airtel Ltd 3.35

Mahindra & Mahindra Ltd 3.11

Kotak Mahindra Bank Ltd 3.01

Grasim Industries Ltd 2.60



Automobile 11.75

IT 9.55

Consumer Goods 9.01


Pharma 7.76

Energy 6.62

Cement & Cement Products 6.28

Construction 4.27

Telecom 3.35

Metals 2.14

Industrial Manufacturing 1.61


Portfolio Turnover Ratio - Last one year ended May 31, 2017 - 33.25%

TEMPLETON INDIA GROWTH FUND


Bajaj Holdings & Investment Ltd. 8.35

Tata Chemicals Ltd. 8.29

HDFC Bank Ltd. 8.27

ICICI Bank Ltd. 8.04

Federal Bank Ltd. 6.60

Infosys Ltd. 6.45

Reliance Industries Ltd. 5.76

Tata Motors Ltd. 5.21

JK Cement Ltd. 5.02

Apollo Tyres Ltd. 4.20



Automobile 11.90

Chemicals 8.29


Energy 7.65

IT 6.45

Pharma 4.94

Metals 3.36

Consumer Goods 2.78

Services 2.57


Textiles 1.70



TEMPLETON INDIA EQUITY INCOME FUND


Bajaj Holdings & Investment Ltd 6.68

HDFC Bank Ltd 6.07

Tata Chemicals Ltd 6.06

ICICI Bank Ltd 5.91

Federal Bank Ltd 5.14

Reliance Industries Ltd 4.43

Tata Motors Ltd 4.25

JK Cement Ltd 4.24

Infosys Ltd 4.16

Medy-Tox Inc (South Korea) 3.53



Automobile 10.67

IT 9.65

Pharma 8.57

Energy 6.43

Services 6.10

Chemicals 6.06


Consumer Goods 5.54


Metals 2.48


Textiles 1.24




38

Portfolio Details


FRANKLIN INDIA PRIMA FUND


Yes Bank Ltd. 3.75

Finolex Cables Ltd. 3.56

Equitas Holdings Ltd. 3.05

HDFC Bank Ltd. 2.65

JK Cement Ltd. 2.34

Voltas Ltd. 2.26

Repco Home Finance Ltd. 2.20

CESC Ltd. 2.19

FAG Bearings (India) Ltd. 2.15

Gujarat State Petronet Ltd. 2.12



Automobile 10.60

Consumer Goods 9.64



Energy 7.90

IT 6.76

Construction 6.36

Pharma 4.51

Fertilisers & Pesticides 3.72

Services 3.38

Textiles 2.86


Chemicals 1.16

Metals 1.11

Healthcare Services 0.05#Miscellaneous 0.00



FRANKLIN INDIA PRIMA PLUS


HDFC Bank Ltd 8.54

ICICI Bank Ltd 4.79

Infosys Ltd 3.84

YES Bank Ltd 3.61

Larsen & Toubro Ltd 3.41



Kotak Mahindra Bank Ltd 3.17


Hero Motocorp Ltd 2.53



Automobile 13.09


IT 9.42

Pharma 8.34

Construction 5.16



Telecom 4.00

Energy 3.71


Textiles 1.50

Services 1.14


Metals 0.54#Miscellaneous 0.00



FRANKLIN INDIA FLEXI CAP FUND


HDFC Bank Ltd 9.61

Axis Bank Ltd 6.59




Hindustan Unilever Ltd 3.66

NTPC Ltd 2.92

YES Bank Ltd 2.68


Power Grid Corp Of India Ltd 2.41



Automobile 14.11

Energy 13.50



IT 7.09

Pharma 5.63


Telecom 3.09


Services 1.34

Metals 0.97

Construction 0.88



#Less than 0.01%

#Less than 0.01%


39

Portfolio Details


FRANKLIN ASIAN EQUITY FUND


Tencent Holdings (Hong Kong) 9.56

Samsung Electronics (South Korea) 7.83

Alibaba Group (ADR) 7.71

Citrip.com (ADR) 5.36

Taiwan Semiconductor Manufacturing (Taiwan) 4.78

Ping An Insurance (Hong Kong) 4.15

AIA Group (Hong Kong) 3.95

Naver Corp ( South Korea) 2.92

Motilal Oswal Financial Services Ltd 2.42

Samsonite (Hong Kong) 2.38



IT 23.34


Services 8.59


Construction 3.66

Pharma 2.69

Automobile 2.56




Metals 0.54

Telecom 0.44

Healthcare Services 0.44

Textiles 0.23



FRANKLIN INDIA HIGH GROWTH COMPANIES FUND



HDFC Bank Ltd 9.02

ICICI Bank Ltd 8.75

Axis Bank Ltd 7.88



Whirlpool Of India Ltd 4.32

TVS Motor Co Ltd 2.89

Idea Cellular Ltd 2.88

Aditya Birla Fashion And Retail Ltd 2.82



Automobile 10.90

Telecom 8.57

Consumer Goods 8.02

Energy 7.04

Pharma 6.82



Construction 2.85

IT 2.26


Services 1.04




FRANKLIN INDIA INDEX FUND - Nifty Plan


HDFC Bank Ltd. 9.08

ITC Ltd. 7.26

Housing Development Finance Corp. Ltd. 6.83

Reliance Industries Ltd. 6.08

Infosys Ltd. 5.35


Larsen & Toubro Ltd. 3.96

Tata Consultancy Services Ltd. 3.71

Kotak Mahindra Bank Ltd. 3.22

Maruti Suzuki India Ltd. 2.62



Energy 13.17

IT 12.01

Automobile 11.29


Pharma 4.25

Construction 3.96

Metals 3.89


Telecom 2.04



Services 0.75




Portfolio Details

40

FRANKLIN INDIA BALANCED FUND


GOI 14.70

HDFC Bank Ltd 6.97



Axis Bank Ltd 4.33



NTPC Ltd 2.67


Hindalco Industries Ltd 2.22



Sovereign 14.70

Automobile 12.07

Energy 11.26

Consumer Goods 7.52

Services 5.11

Metals 4.71

IT 3.94

Pharma 3.71


Telecom 1.83

Construction 1.28


Chemicals 0.44

Media & Entertainment 0.36#Miscellaneous 0.00



FRANKLIN INDIA TECHNOLOGY FUND


Infosys Ltd 16.36

Tata Consultancy Services Ltd 14.04

Franklin Technology Fund, Class I 13.82

Makemytrip (USA) 7.73

Cognizant Technology (USA) 7.35

Tech Mahindra Ltd 6.21

HCL Technologies Ltd 6.18

Wipro Ltd 5.55

Cyient Ltd 5.40

NIIT Technologies Ltd. 4.27


IT 82.78

Mutual Fund Units 13.82

Call, cash and other current asset 3.40#Miscellaneous 0.00




FRANKLIN INDIA OPPORTUNITIES FUND


HDFC Bank Ltd. 7.36

Yes Bank Ltd. 5.52

Grasim Industries Ltd. 5.43

Axis Bank Ltd. 4.86

State Bank of India 4.70


Dr. Reddy's Laboratories Ltd. 3.16

Cadila Healthcare Ltd. 3.07

Mahindra & Mahindra Ltd. 3.07



FINANCIAL SERVICES 31.76

IT 9.41

Consumer Goods 8.34

Construction 8.14


Automobile 7.86

Pharma 6.23

Energy 6.23


Services 3.83

Telecom 1.74

Metals 1.55

Chemicals 1.52

Industrial Manufacturing 1.40#Miscellaneous 0.00



#Less than 0.01%Note: All securities belonging to a given sector are considered for this disclosure. It may be noted that Sector exposure limits are monitored as per applicable SEBI Regulations/ circulars. This disclosure does not represent the exposure as per aforesaid Regulatory limits.

#Less than 0.01%

#Less than 0.01%


Portfolio Details

41

FRANKLIN INDIA PENSION PLAN


GOI 25.80



HDFC Bank Ltd 4.20

DLF Promenade Ltd 4.14

Tata Power Co Ltd 3.79

Tata Steel Ltd 3.79

Vedanta Ltd 3.71


Axis Bank Ltd 2.59



Sovereign 25.80

Metals 7.50

Energy 6.18

Services 5.79

Automobile 5.15

Consumer Goods 4.93

Pharma 3.03

Telecom 2.75


IT 2.67

Construction 1.93


Chemicals 0.75





FRANKLIN INDIA TAXSHIELD


HDFC Bank Ltd 9.52

Axis Bank Ltd 6.40





Yes Bank Ltd 3.18



Infosys Ltd 2.91



Automobile 16.45

Energy 11.72

Consumer Goods 9.99


IT 5.14

Pharma 4.55


Telecom 2.61

Metals 1.32

Services 1.22

Construction 1.21



Chemicals 0.72

Textiles 0.53#Miscellaneous 0.00




FRANKLIN BUILD INDIA FUND


State Bank of India 9.35


HDFC Bank Ltd. 8.99

Axis Bank Ltd. 7.13

Bharti Airtel Ltd. 5.93


Whirlpool of India Ltd. 4.00

TVS Motor Co. Ltd. 3.24

Indian Oil Corp. Ltd. 3.15

Idea Cellular Ltd. 3.03



Energy 9.98

Automobile 9.37

Telecom 8.96



Consumer Goods 4.83

Pharma 3.57

Construction 2.87


Services 1.42

Metals 1.30

Media & Entertainment 1.16* Excludes Call, Cash and Other Current Assets.



#Less than 0.01%


Portfolio Details



Call, cash and other current asset -0.11

42

FRANKLIN INDIA LIFE STAGE FUND OF FUNDS - 50's Plus Floating Rate

Plan


Franklin India Savings Plus Fund 79.46

Franklin India Bluechip Fund 15.32

Templeton India Growth Fund 5.12






FRANKLIN INDIA LIFE STAGE FUND OF FUNDS - 50's Plus Plan


Franklin India Dynamic Accrual Fund 49.76

Franklin India Income Builder Account 29.86








FRANKLIN INDIA LIFE STAGE FUND OF FUNDS - 40's Plan





Franklin India Prima Fund 10.06
































FRANKLIN INDIA DYNAMIC PE RATIO FUND OF FUNDS


Franklin India Short Term Income Plan 59.77





Portfolio Details

43

FRANKLIN INDIA MULTI-ASSET SOLUTION FUND


Franklin India Short Term Income Plan 37.87


R*Shares Gold BeES 24.76



ETF 24.76




FRANKLIN INDIA FEEDER - FRANKLIN EUROPEAN GROWTH FUND


Franklin European Growth Fund, Class I (Acc) 99.02






FRANKLIN INDIA FEEDER - FRANKLIN U.S. OPPORTUNITIES FUND


Franklin U.S. Opportunities Fund, Class I (Acc) 100.03



Call, cash and other current asset -0.03




FRANKLIN INDIA SMALLER COMPANIES FUND


Finolex Cables Ltd. 3.69


Healthcare Global Enterprises Ltd. 2.44

Yes Bank Ltd. 2.38

Repco Home Finance Ltd. 2.32

Gujarat Mineral Development Corp. Ltd. 2.17

Voltas Ltd. 2.15

HDFC Bank Ltd. 2.03

Brigade Enterprises Ltd. 1.99

Kajaria Ceramics Ltd. 1.98




Construction 13.39


Consumer Goods 8.21


Services 4.52

IT 4.40

Chemicals 4.19

Metals 4.19

Automobile 3.42

Energy 3.04


Healthcare Services 2.44

Pharma 1.81

Textiles 1.26

Telecom 1.05

Fertilisers & Pesticides 0.63




44

Scheme Name,No. of Folios &Assets UnderManagement(AUM)

InvestmentStrategy

ProductPositioning

Diversified Equity Fund

Franklin IndiaOpportunitiesFund (FIOF)

No. of Folios:74612


Focuses on fourthemes –(a) Companies thatoperate in the spacewhere India has astrong advantage(b) Globallycompetitive Indiancompanies that havethe potential toparticipate in globalopportunities as well(c) Companies thatare under valued(d) Companies thatare best positioned totake advantage of theopportunities thrownup by the growingeconomy.The fund follows ablend of value andgrowth style ofinvesting, and abottom-up approachto stock-picking.

An equity fund withan emphasis onopportunitiespresented by specialsituations such ascorporate restructuring,Government policyand/or regulatorychanges, companiesgoing throughtemporary uniquechallenges and othersimilar instances.

Franklin IndiaHigh GrowthCompaniesFund (FIHGCF)

No. of Folios:379063


The fund will alsocombine bottom-upstock selection withtop down industrythemes to identifystocks/sectorsexhibiting aboveaverage growth orhigh potential.The shifts betweencompanies and sectorsto be identified basedon relative valuations,liquidity and growthpotential

A diversified equityportfolio investing incompanies with higher growth rates.

Franklin IndiaPrima Fund (FIPF)



Will invest in adiversified portfolio ofprimarily mid andsmall cap stocks.The fund follows ablend of value andgrowth style ofinvesting, and abottom-up approachto stock-picking.

A diversified equityportfoliopredominantlyinvesting inmid-cap stocks.

Franklin BuildIndia Fund (FBIF)

No. of Folios:68897


Focuses on companiesengaged either directlyor indirectly ininfrastructure-relatedactivities and thedevelopment of theIndian economy.The fund will follow abottom-up approachto stock-picking andchoose the bestcompanies acrosssectors.

An equity fundwhich benefits byinvesting in thebuilding blocks ofeconomy namelyinfrastructure,resources, financialservices, agricultureand socialdevelopment.

Franklin IndiaFlexi Cap Fund(FIFCF)



Will invest indiversified portfolio ofstocks across sectorsand marketcapitalisation. Itsexposure to Large,Mid and Small capstocks variesdepending on relativevalue and risk/returnprofile of the segments.The fund follows ablend of value andgrowth style ofinvesting, and abottom-up approachto stock-picking.

A diversified equityportfolio investingacross marketcapitalizations in adynamic mannerbased on relativevaluations.

Franklin IndiaTaxshield (FIT)



Will invest indiversified portfolio ofstocks across sectorsand marketcapitalisation.The fund follows ablend of value andgrowth style ofinvesting, and abottom-up approachto stock-picking.

A diversified equityportfolio forinvestors seekingexemption underSection 80C of theIncome Tax Act.

Franklin IndiaPrima Plus (FIPP)



Focuses on wealthcreating companiesacross sectors andwill invest indiversified portfolioof primarily large capstocks, with amid cap exposure.The fund follows ablend of value andgrowth style ofinvesting, and abottom-up approachto stock-picking.

A diversified equityportfolio investingpredominantly inlarge cap stockswith allocation tomid and small caps.

Franklin IndiaIndex Fund (FIIF) - NSE Nifty Plan(NSE)

No. of Folios:NSE: 6789

Assets UnderManagement (AUM):NSE : Rs. 248.99 crores

Looks to replicate thecomposition ofNifty 50 Index.

A passivelymanaged equityindex fund.

Franklin IndiaBluechip Fund(FIBCF)



Will invest indiversified portfolioof stocks whichhave a large marketcapitalization andare liquid.The fund follows ablend of value andgrowth style ofinvesting, and abottom-up approachto stock-picking.

A diversified equityportfolio investingin Large Cap stocks.

Templeton IndiaGrowth Fund(TIGF)

No. of Folios:23915


The stock selectionwould generally bebased onconstructing adiversified portfoliogenerally of largecapitalised and/orliquid stocks.In general, themethodologyadopted by TIGF isbased on the bottomup value investingapproach.

A diversified equityportfolio with valueinvesting approach.

Templeton IndiaEquity IncomeFund (TIEIF)



Since TIEIF seeks tolook at current orpotentially attractivedividend yield, asone of the majorparameters to meetits investmentobjectives, TIEIFwould look at thatparameter whilemaking investmentdecisions.In general, themethodology adoptedby TIEIF is based onthe bottom up valueinvesting approach.

A diversified equityportfolio of securitieswith current orpotentially attractivedividend yield fromIndian andoverseas markets.

Franklin AsianEquity Fund(FAEF)

No. of Folios:29511


Focuses on companiesbenefiting from thegrowth opportunitiesin Asia Pacific(ex-Japan) regionThe fund managerswill adopt acombination oftop-down (macroanalysis to identifycountries and sectors)and bottom-up(micro analysisto pick stocks)approach, and usethe growthinvestment style.

An equity fundthat invests instocks of Asiancompanies /sectors(excluding Japan).

Franklin IndiaSmallerCompanies Fund(FISCF)



FISCF is an openend diversifiedequity funddesigned for thoseinvestors who seekexposure to an equityproduct that can takeadvantage of theopportunities availablein the mid and smallcap space. The fundshall invest at least75% of its corpus inequity and equityrelated securitiesof those SmallerCompanies, which has a market capitalisationbelow that of the 100th stock in CNX 500 Index, with the index constituents ranked in terms of market capitalisation and may or may not be a company forming part of the S&P 500.The universe wouldalso include thosecompanies comingout with fresh issuanceIPO and whose postissue market cap (basedon issue price) wouldfall under above mentioned criteria.The remaining portionof the portfolio will beinvested in equity andequity related securitiesof any company, whichhas market capitalisation of the100th stock and abovein CNX 500 and may or may not be a company forming partof the CNX 500 index and in the opinion of the fund manager have attractive growth prospects and potential to outperform the broad market indices. The overall investment strategy of FISCF will be in line with the FT Equity (India) style of equity investing.

A diversifiedequity portfoliopredominantlyinvesting inSmaller companies.

Sector FundsFranklin IndiaTechnology Fund(FITF)

No. of Folios:17140


The scheme seeks toachieve long-termcapital appreciationthrough investments incompanies acrossmarket capitalizationsin Indian as well asglobal markets whichare expected to benefitfrom the development,advancement and useof technology.

A sectoral equityfund which investsprimarily ininformationtechnology andtechnology related

Hybrid FundsFranklin IndiaBalanced Fund(FIBF)

No. of Folios:57194


Equity: The schemefollows a blend ofvalue and growthstyle of investing.The fund will followa bottom-up approach to stock-picking andchoose companiesacross sectors. Willinvest in diversifiedportfolio of stockswith predominantexposure to large caps.The debt portion ofthe scheme will beinvested in highquality fixed incomeinstruments.

A balanced fundinvesting in aportfolio of equityand fixedincome securities.

Franklin IndiaPension Plan(FIPEP)

No. of Folios:23477


The equity portionfollows a blend ofvalue and growthstyle of investing,and will invest indiversified portfolioof stocks withpredominant exposure to Large caps. The fund will follow abottom-up approachto stock-picking andchoose companiesacross sectors.The debt portion ofthe scheme will beinvested in highquality fixed incomeinstruments.

An Open-endTax Savingretirement productinvesting up to40% in equitiesand the balancein fixed income.

Fund of Funds

Franklin IndiaDynamic PE RatioFund of Funds(FIDPEF)

No. of Folios:20698


The equity allocation (i.e. the allocation to underlying equity funds) will be determined based on the month-end weighted average PE ratio of the Nifty 50index (NSE Nifty). The CIO – Equity will decide the equity component based on the month-end weighted average PE ratio of the NSE Nifty. The remaining portion of the portfolio will be deployed in underlying debt funds.

A Fund of Fundwhich offerstactical allocationbetween an equityand debt fund,based on marketvaluations (PE Ratio).

Franklin India Life Stage Fund ofFunds (FILSF)

No. of Folios:20’s plan: 72730’s plan: 42140’s plan: 59750’s plus plan: 31050’s plus floatingrate plan: 804

Assets UnderManagement (AUM):20s Plan: Rs. 14.03crores; 30s Plan:Rs. 7.39 crores;40s Plan: Rs. 15.08crores; 50s Plus Plan:Rs. 8.15 crores;50s Plus FloatingRate PlanRs. 33.80 crores

The primary objectiveis to generate superiorrisk adjusted returnsto investors in linewith their chosenasset allocation withtactical allocation.The Scheme investsin underlying schemeswith a balancedapproach based onpredetermined assetallocation with half-yearly rebalancing

A Fund of Fundoffering life stagesolutions -with differentplans of varyingasset allocation.

Franklin IndiaFeeder - FranklinU.S. OpportunitiesFund (FIF-FUSOF)No. of Folios:14015


The scheme seeks toinvest predominantlyin units of FranklinUS OpportunitiesFund, an overseasmutual fund, whichprimarily invest insecurities in theUnited States ofAmerica.

A Fund of Fundsinvestingpredominantly inunits ofFranklin U. S.Opportunities Fund,an overseas equity fund, which primarilyinvests in securitiesin the UnitedStates of America.

Note: The data on No. of Folios and Assets Under Management is onMay 31, 2017.

Franklin IndiaFeeder - FranklinEuropean GrowthFund (FIF-FEGF)No. of Folios:2827


The Fund seeks to provide capital appreciation by investing predominantly inunits of Franklin European Growth Fund, an overseas equity fund whichprimarily invests in securities of issuers incorporated or having their principalbusiness in the European Countries.

A Fund of Fundsinvestingpredominantlyin units ofFranklin EuropeanGrowth Fund, anoverseas equity fundwhich primarilyinvests in securities ofissuers incorporatedor having theirprincipal business inEuropean countries.

Scheme Comparision

Franklin IndiaMulti-AssetSolution Fund(FIMAS)

No. of Folios 5620

Assets UnderManagement (AUM)Rs. 70.85 crores

The investmentstrategy of the fund isto provide an assetallocation solution tothe investors.The asset allocationwill be dynamicallymanaged acrossEquity, Debt, Goldand Money Marketbased on proprietarymodel. The fundproposes to primarilyinvest in our existinglocal equity,fixed income, liquidproducts and indomestic Gold ETFs.Allocation to the assetclasses will be madebased on a proprietarymodel which is a mixof quantitative andqualitative analysis anduses a combination ofeconomic, valuationand momentum /sentiment factors.

The proprietary modeluses strategic andtactical allocation.While strategicallocation determineslong term allocationto different assetclasses, tacticalallocation uses acombination ofeconomic,valuation andmomentum/sentimentfactors to determinethe allocationtowards a particularasset class/security.

A Fund of Fundwhich offersdynamic allocationwith greaterflexibility of movingbetween asset classes.

Derivatives Risk: The fund will endeavour to maintain adequate controls to monitor the derivatives transactions entered into.

Debt

Interest Rate Risk: The Fund seeks to mitigate this risk by keeping the maturity of the schemes in line with the interest rate expectations.

Credit Risk or default risk: The Fund will endeavour to minimise Credit/Default risk by primarily investing in medium-high investment grade fixed income securities rated by SEBI registered credit rating agencies. Historical default rates for investment grade securities (BBB and above) have been low.

Reinvestment Risk: Reinvestment risks will be limited to the extent of coupons received on debt instruments, which will be a very small portion of the portfolio value. The schemes may take positions in interest rate derivatives to hedge market/interest rate risks.

Liquidity or Marketability Risk: The fund will endeavour to minimise liquidity risk by investing in securities having a liquid market.

Dividend Policy

Dividends are distributed based on the availability of adequate distributable surplus in the scheme. The Trustee may, at its sole discretion declare dividends in the fund at any time. Although there is every intention to declare dividend in Dividend Plan/Option, there is no assurance or guarantee as to the frequency or quantum of dividends nor that would the dividends be regularly paid.

No Load on Bonus/Dividend Reinvestment: No entry and exit load shall be charged on bonus units or units allotted on reinvestment of dividend.

Commission to distributor

The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFI registered distributor) directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder.

Credit of exit load to schemes:

Effective October 01, 2012, Exit load/ CDSC (if any) charged to the unit holders by the Mutual Fund on redemption (including switch-out) of units shall be credited to the respective scheme net of service tax. Service tax on exit load, if any, shall be paid out of the exit load proceeds.

Transaction Charges:

The AMC/Mutual Fund shall deduct Transaction

Charges on purchase/subscription applications

received from investors that are routed through a

distributor/agent/broker as follows, provided the

distributor/agent/broker has opted to receive the

transaction charges:

(i) First time investor in mutual funds:

T r a n s a c t i o n C h a r g e o f R s . 1 5 0 / - o n

purchase/subscription application of Rs.10,000

a n d a b o v e s h a l l b e d e d u c t e d f r o m t h e

s u b s c r i p t i o n a m o u n t a n d p a i d t o t h e

distributor/agent/broker of the investor. Units

will be allotted for the balance subscription

a m o u n t ( n e t o f t h e t r a n s a c t i o n c h a r g e

deducted).

(ii) Investors other than first time investor in

mutual funds:

T r a n s a c t i o n C h a r g e o f R s . 1 0 0 / - p e r

purchase/subscription application of Rs.10,000

a n d a b o v e s h a l l b e d e d u c t e d f r o m t h e

s u b s c r i p t i o n a m o u n t a n d p a i d t o t h e

distributor/agent/broker of the investor. Units

will be allotted for the balance subscription

a m o u n t ( n e t o f t h e t r a n s a c t i o n c h a r g e

deducted).

(iii) In case of investments through Systematic

Investment Plan (SIP), the Transaction Charge

shall be deducted only if the total commitment

through SIP (i.e. amount per SIP instalment x No.

of SIP instalments) amounts to Rs.10,000/- and

above. The Transaction Charge shall be

deducted in 3 or 4 instalments, as may be

decided by the AMC from time to time.

(iv) The Transaction Charges shall not be deducted

for:

(a) purchase/subscription applications for an

amount less than Rs.10,000/-;

(b) t r a n s a c t i o n s o t h e r t h a n p u r c h a s e s /

subscriptions relating to new inflows such

as switches, redemption, Systematic

Transaction Plan, Dividend Transfer Plan

etc.;

(c) direct applications received by the AMC i.e.

applications received at any Official Point

Risk Profile of the Schemes

Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below:

Different types of securities in which the scheme would invest carry different levels and types of risks. Accordingly the scheme's risk may increase or decrease depending upon its investment pattern.

Trading volumes, settlement periods and transfer procedures may restrict liquidity of investments in equity and equity-related securities.

In case of investments in foreign securities, there may be risks associated with currency movements, restrictions on repatriation and transaction procedures in overseas market as well as country related risks.

Performance of the relevant index will have a direct bearing on the performance of the index schemes. Tracking errors are inherent in any indexed fund and such errors may cause the scheme to generate returns, which are not in line with the performance of the relevant index or one or more securities covered by/included in the relevant index.

In case of sector funds, the schemes would primarily invest in the respective industry / sector thereby restricting the diversification of the scheme. Therefore, the performance of the scheme would be dependent upon the performance and market price movements of companies in the said industry/sector. Hence, movements in the

NAV of the schemes would be more volatile compared to the NAV of a scheme with a more diversified portfolio. In case of FBIF, the investments under the scheme are oriented towards equity and equity linked instruments of companies engaged in the infrastructure related activities and hence will be affected by risks associated with the infrastructure industries. The performance of the Scheme would be dependent upon the performance and market price movements of companies in the infrastructure industry. Amongst the infrastructure industries as mentioned under the investment strategy, the majority of the equity/ equity linked investments could be concentrated under a single or a few sectors.

While mid cap and small cap stocks give one an opportunity to go beyond the usual large blue chip stocks and present possible higher capital appreciation, it is important to note that mid/small cap stocks can be riskier and more volatile on a relative basis. Therefore, the risk levels of investing in small cap and mid cap stocks is more than investing in stocks of large well-established companies. Please note that over a time these two categories have demonstrated different levels of volatility and Investment returns. And it is important to note that generally, no one class consistently outperforms the others. While smaller and medium size companies may offer substantial opportunities for capital appreciation, they also involve substantial risks.

Historically, these companies have been more volatile in price than larger company securities, especially over the short term. Among the reasons for the greater price volatility are the less certain growth prospects of smaller companies, the lower degree of liquidity in the markets for such securities, and the greater sensitivity of smaller companies to changing economic conditions. Smaller companies carries large amount of liquidity risk compared to the Large Cap companies, as the ability to sell is limited by overall trading volume in the securities, which it invests.

In addition, smaller companies may lack depth of management, be unable to generate funds necessary for growth or development, or be developing or marketing new products or services for which markets are not yet established and may never become established.

They could also suffer from disadvantages such as – outdated technologies, lack of bargaining power with suppliers, low entry barriers and inadequate management depth. Overall, the risks of investing in medium / small companies are (a) transparency/liquidity levels may not be on par with established, large companies; (b) corporate governance may be an issue with some companies; and (c) they may not be resilient enough to withstand shocks of business/economic cycles. FIF-FUSOF & FIF-FEGF may not be able to mirror the performance of underlying overseas fund(s) due to various reasons such as currency difference between FIF-FUSOF & FIF-FEGF and underlying fund, daily revaluation of foreign exchange in FIFFUSOF & FIF-FEGF for the portfolio valuation, entire assets of FIF-FUSOF & FIF-FEGF may not be invested in underlying fund, the amount payable/receivable on settlement date would be different as compared to the amount payable/receivable on the trade confirmation date of the investment in the FIF-FUSOF & FIF-FEGF/ underlying fund due to foreign exchange movement, difference in the date of allotment of units in FIF-FUSOF & FIF-FEGF and the investment by FIF-FUSOF & FIF-FEGF into the underlying fund etc.

Investments in the Fund of Funds schemes will have all the risks associated with the underlying funds including liquidity risks Any change in the investment policies or fundamental attributes of the underlying funds will affect the performance of Fund of Funds.

Movements in the Net Asset Value (NAV) of the underlying funds would impact the performance of Fund of Funds Trading volumes, settlement periods and transfer procedures may restrict the liquidity of FIMAS’ investments in Gold Exchange Traded Fund schemes (Gold ETFs).

Investments in debt instruments are subject to various risks such as credit/default risk, interest rate risk, reinvestment risk, liquidity risk etc. E.g. corporate bonds carry a higher amount of risk than Government securities. Further even among corporate bonds, bonds which are AAA rated are comparatively less risky than bonds which are AA rated.

Credit risk: This refers to the risk that an issuer of a fixed income security may default (i.e. will be unable to make timely principal and interest payments on the security).

Interest rate risk: This risk results from changes in demand and supply for money and other macroeconomic factors and creates price changes in the value of debt instruments. Consequently, the NAV of the scheme may be subject to fluctuation. Prices of long term securities generally fluctuate more in response to interest rate changes than do short-term securities. This may expose the schemes to possible capital erosion.

Liquidity Risk: This refers to the ease with which a security can be sold at or near to its valuation yield-to-maturity (YTM). Liquidity risk is today characteristic of the Indian fixed income market.

Market risk: This risk arises due to price volatility due to such factors as interest sensitivity, market perception or the credit worthiness of the issuer and general market liquidity, change in interest rate expectations and liquidity flows. Market risk is a risk which is inherent to investments in securities. This may expose the schemes to possible capital erosion.

Reinvestment risk: This risk refers to the interest rate levels at which cash flows received for the securities in the Scheme is reinvested. The risk is that the rate at which interim cash flows can be reinvested may be lower than that originally assumed. Different types of Securitised Debts in which the scheme would invest carry different levels and types of risks. Presently, secondary market for securitised papers is not very liquid. There is no assurance that a deep secondary market will develop for such securities. Money market securities, while fairly liquid, lack a well-developed secondary market, which may restrict the selling ability of the scheme.

Derivatives are high risk, high return instruments. A small price movement in the underlying security could have a large impact on their value and may also result in a loss.

The tax benefits available under the ELSS and other tax saving schemes are as available under the present taxation laws and are available only to certain specified categories of investors and that is subject to fulfilment of the relevant conditions. In view of the individual nature of tax consequences, each Investor/ Unit holder is advised to consult his/her own professional tax advisor. The Trustee, AMC, their directors or their employees shall not be liable

for any of the tax consequences that may arise, in the event that the Scheme is wound up before the completion of the lock-in period. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

Regional Market risk: Funds investing in a single region are subject to higher concentration risk and potentially greater volatility compared to funds following a more diversified policy.

Eurozone risk (FIF-FEGF): Mounting sovereign debt burdens and slowing economic growth among European countries, combined with uncertainties in European financial markets, including feared or actual failures in the banking system and the possible break-up of the Eurozone and Euro currency, may adversely affect interest rates and the prices of both fixed income and equity securities across Europe and potentially other markets as well. These events may increase volatility, liquidity and currency risks associated with investments in Europe. In any event of the break-up of the Eurozone or Euro currency, the relevant funds maybe exposed to additional operational or performance risks. While the European governments, the European Central Bank, and other authorities are undertaking economic reforms and other measures to address the current fiscal conditions, these measures may not have the desired effect and therefore the future stability and growth of Europe is uncertain. The performance and value of the fund may be adversely affected, should there be any adverse creditevents. There is no assurance or guarantee that the objectives of the scheme will be achieved. The past performance of the mutual funds managed by the Franklin Templeton Group and its affiliates is not necessarily indicative of future performance of the scheme.

Risk Mitigation Factors:

Equity

Liquidity Risk: The fund will try to maintain a proper asset liability match to ensure redemption payments are made on time and not affected by illiquidity of the underlying stocks. FISCF will endeavour to invest in a mix of Smaller Companies and Other Companies stocks (as defined in the asset allocation) and also try to maintain a portion of investments in cash & liquid assets.

Concentration Risk: Except in case of sector funds and FBIF, the schemes will endeavour to have a well-diversified equity portfolio comprising stocks across various sectors of the economy. This would aid in managing concentration risk and sector-specific risks. Generally, diversification across market cap segments also aids in managing volatility and ensuring adequate liquidity at all times.

45

COMMON FEATURES FOR ALL SCHEMES

In case funds are received on separate days and are available for utilisation on different Business Days before the cut off time, the applicable NAV shall be of the closing NAV of the Business day(s) on which the cleared funds are available for utilization for the respective application.

It is clarified that switches and transactions under SIP, STP, DTP and stock exchange infrastructure will not be considered for aggregation of applications. It is further clarified that in respect of schemes having more than one portfolio, the aggregation of application will be done at portfolio level.

Compulsory reinvestment of Dividend (Not

applicable to FIT)

Where the Unitholder has opted for Dividend Payout option and in case the amount of dividend payable to the Unitholder is Rs.20/- or less, the same will be compulsorily reinvested in the scheme.

Option to receive allotment and hold units in demat

form:

Investors have an option to receive allotment and hold units of the schemes of Franklin Templeton Mutual Fund in demat form. For this purpose, the investors need to furnish the details of their depository account in the Application Form along with a copy of the Client Master Report / List (CMR/CML) or the Transaction Statement (the page reflecting name and holding pattern) for verification of the demat account. The date of demat account statement should be within 90 days of the application. The Units allotted in electronic form will be credited to the investor’s Beneficiary Account with a Depository Participant (DP) of CDSL or NSDL as per the details furnished by the investor in the Application Form. In case the Unitholder does not wish to get his/her Units converted / allotted in electronic form or the AMC is not able to credit the Units to the beneficiary account(s) of the investor for any reason whatsoever, the AMC shall issue Account statement(s) specifying the Units allotted to the investor. Please note that where the investor has furnished the details of their depository accounts in the Application Form, it will be assumed that the investor has opted for allotment in demat form and the allotment will be made only in demat form as default. In case of SIP, the units will be allotted based on the applicable NAV as per the terms of the Scheme Information Document of the respective scheme and will be credited to the investor’s demat account on weekly basis on realisation of funds. For example, for the subscription amount of the relevant SIP instalment credited to the bank account of Franklin Templeton Mutual Fund during a week (Friday to Thursday), the units allotted will be credited to the investor’s demat account on following Monday or the subsequent working day if Monday is a holiday/non working day for the AMC or the depositories.

However, this facility is not available for investment under Daily Dividend and Weekly Dividend options of the schemes, Switch facility, Systematic Transfer Plan (STP) and Dividend Transfer Plan(DTP).

The existing Unitholders can dematerialise the units held in physical form (represented by Account Statement) at any time by making an application to the Depository Participant by filling up the Conversion Request Form (CRF) and surrendering the Account Statement(s).

Tax treatment for the Investors (Unitholders) Investors are advised to refer to the details given in the Statement of Additional Information (SAI) under the section "Taxation". However, the information provided therein is for general information purpose only and is based on the prevailing tax laws. In view of the individual nature of the implications, each investor is advised to consult with his or her own tax advisors with respect to the specific tax and other implications arising out of his or her participation in the schemes.

Equity Linked Savings Scheme: Individuals, HUFs and Minors through their parents/guardians can invest upto Rs.1,50,000 in a financial year in Franklin India Taxshield, and qualify for deduction under Section 80C of the Income-tax Act, 1961.

Pension Fund: Investments by Individuals (including minors through their parents/guardians) in Franklin India Pension Plan (formerly known as Kothari Pioneer Pension Plan/ Templeton India Pension Plan) were eligible for tax rebate under section 88 the Income-tax Act, 1961. In terms of Section 80C(7) of the Income-tax Act, 1961, a pension fund referred to under section 88 shall be eligible for deduction under section 80C of the Income-tax Act, 1961 w.e.f. April 1, 2006. The deduction under section 80C of the Income-tax Act, 1961 shall be on investments upto Rs. 1,50,000 in a financial year.

Daily Net Asset Value (NAV) Publication

The NAV will be calculated for every Business Day and published in at least 2 newspapers having circulation all over I n d i a . T h e N A V c a n a l s o b e v i e w e d o n www.franklintempletonindia.com and www.amfiindia.com. You can also telephone us at 1-800-425-4255 or 60004255 (if calling from a mobile phone, please prefix the city STD code; local call rates apply for both numbers) from 8 a.m to 9 p.m, Monday to Saturday.

For Investor Grievances please contact Investor Services, Franklin Templeton Asset Management (India) Pvt. Ltd., Unit 301, III Floor, Campus 4B, RMZ Millenia Business Park, 143 Dr. MGR Road, Kandanchavadi, Chennai 600096. Tel: 1800 425 4255 or 6000 4255 (please prefix the city STD code if calling from a mobile phone, Local call rates apply to both the numbers) from 8:00 a.m. to 9:00 p.m., Monday to

of Acceptance of Transaction of Franklin

Templeton Mutual Fund that are not routed

through any distributor/agent/broker; and

(a) t r a n s a c t i o n s r o u t e d t h r o u g h s t o c k

exchange platform (not applicable for ARN

holders who have ‘opted-in’ for levy of

transaction charges in respect of mutual

fund transactions of their clients routed

through stock exchange platforms).

The statement of account shall disclose the

net investment as gross subscription less

transaction charges and the units allotted

against the net investment. The upfront

commission to distributors shall continue

to be paid by the investor directly to the

distributor by a separate cheque based on

his assessment of various factors including

the service rendered by the distributor.

Employee Unique Identification Number (EUIN):

As per SEBI Circular no. CIR/IMD/DF/21/2012 dated September 13, 2012; the employee/ relationship manager/ sales person of the distributor interacting with the investor for the sale of mutual fund products is required to obtain a EUIN from AMFI. EUIN needs to be mentioned on the application alongwith the ARN number. This will assist in tackling the problem of mis-selling even if the employee/ relationship manager/sales person leave the employment of the ARN holder / Sub broker. In case the transaction is executed without any interaction or advice by the employee/relationship manager/ sales person of the distributor/sub broker, the investor needs to sign the declaration stating the same.

Who Can Buy

Units of the schemes (except FIPEP) can be purchased by :

1. Adult individuals, either singly or jointly (not exceeding three), resident in India.

2. Parents/Guardian on behalf of minors.

3. Companies/ Domestic Corporate Bodies/ Public Sector Undertakings registered in India.

4. Charitable, Religious or other Trusts authorised to invest in units of mutual funds.

5. Banks, Financial Institutions and Investment Institutions.

6. Non-Resident Indians (NRIs) and Overseas Citizen of India (OCI) (including erstwhile Person of Indian Origin card holders) on full repatriation basis and on non-repatriation basis but not (a) United States Persons within the meaning of Regulation S under the United States Securities Act of 1933 or as defined by the U.S. Commodity Futures Trading Commission, as amended from time to time or (b) residents of Canada.

7. Foreign Institutional Investors and their sub accounts on full repatriation basis/ Foreign Portfolio Investors (subject to RBI approval) and such other entities as may be permitted under SEBI (Foreign Portfolio Investors) Regulations, 2014, as amended from time to time.

8. Hindu Undivided Family (HUF).

9. Wakf Boards or Endowments / Societies (including cooperative societies) / Association of Persons or Body of individuals (whether incorporated or not), Trusts and clubs authorised to invest in units of mutual funds.

10. Sole Proprietorship, Partnership Firms.

11. Army/Air Force/Navy/Para-military funds and other eligible institutions.

12. Scientific and/or industrial research organizations.

13. Other Associations, Institutions, Bodies etc. authorized to invest in the units of mutual funds.

14. Such other individuals/institutions/body corporate etc., as may be decided by the AMC from time to time, so long as wherever applicable they are in conformity with SEBI Regulations.

15. The Mutual Fund Schemes/ Alternative Investment Funds can also invest in Franklin Templeton Schemes, subject to SEBI regulations applicable from time to time.

Units of the schemes of Franklin Templeton Mutual Fund is an eligible investment for charitable and religious trusts under the provisions of Section 11(5)(xii) of the Income Tax Act, 1961, read with Rule 17C of the Income Tax Rules, 1962. Further, the Government of Maharashtra has authorized and declared the following schemes as ‘public security’ under the Bombay Public Trusts Act, 1950 in its order dated January 19, 2002: Templeton India Growth Fund and Franklin India Index Fund.

FIPEP:

1. Adult individuals, either singly or jointly (not exceeding three), resident in India up to the age of 60 years.

2. Non-Resident Indians (NRIs) and Overseas Citizen of India (OCI) (including erstwhile Person of Indian Origin card holders) up to the age of 60 years on full repatriation basis and on non-repatriation basis but not (a) United States Persons within the meaning of Regulation S under the United States Securities Act of 1933 or as defined by the U.S. Commodity Futures Trading Commission, as

amended from time to time or (b) residents of Canada.

3. Parents / Guardian on behalf of minors.

Default Option

The Trustee/AMC reserves the right to alter/vary the default plan/option, and the terms and conditions of these facilities and privileges, after giving notice. The trustee is entitled, in it’s sole and absolute discretion, to reject any Application.

Trustee Company:

Franklin Templeton Trustee Services Pvt. Ltd., a company set up under the Companies Act 1956, and approved by SEBI to act as the Trustee to the schemes of Franklin Templeton Mutual Fund.

Despatch of Repurchase (Redemption) Request

The redemption proceeds will be despatched to the unitholders within the regulatory time limit of 10 business days of the receipt of the valid redemption request at the Official Points of Acceptance of Transactions (OPAT) of the Mutual Fund.

Applicable NAV

For Purchase including switch-in for amount less

than Rs.2 Lacs

In respect of valid applications received* up to 3.00 p.m. by the Mutual Fund along with a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the day on which application is received shall be applicable.

In respect of valid applications received* after 3.00 p.m. by the Mutual Fund along with a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the next business day shall be applicable.

However, in respect of valid applications with outstation cheques/demand drafts not payable at par at the place where the application is received*, closing NAV of the day on which cheque/demand draft is credited to the account of Franklin Templeton Mutual Fund shall be applicable.

For Purchase including switch-in for amount equal

to or more than Rs.2 Lacs:

In respect of valid applications received* up to 3:00 p.m. by the Mutual Fund and the funds are available for utilisation on the same day before the cut-off time - the closing NAV of the day on which the funds are available for utilisation shall be applicable.

In respect of valid applications received* after 3:00 p.m. by the Mutual Fund and the funds are available for utilisation on the same day - the closing NAV of the Business Day following the day on which the funds are available for utilisation shall be applicable.

However, irrespective of the time of receipt of application, where the funds are not available for utilisation on the day of the application, the closing NAV of the Business Day on which the funds are available for utilisation before the cut-off time (3:00 p.m.) shall be applicable provided the application is received* prior to availability of the funds.

For determining the availability of funds for utilisation, the funds for the entire amount of subscription/purchase (including switch-in) as per the application should be credited to the bank account of the scheme before the cut-off time and the funds are available for utilisation before the cut-off time without availing any credit facility whether intra-day or otherwise, by the respective scheme.

Redemptions including switch-out (all funds):

In respect of valid applications received* up to 3:00 p.m. by the Mutual Fund, the closing NAV of the day of receipt of application shall be applicable.

In respect of valid applications received* after 3:00 p.m. by the Mutual Fund, the closing NAV of the next business day shall be applicable.

The redemption and switch-out of transaction will be processed only if the payment instrument of the original purchase transaction under that particular fund is realised.

*Received at the ISC/Collection Centres of Franklin Templeton Mutual Fund.

Note: The applicability of Net Asset Value (NAV) for on-going subscriptions will be as follows:

In case where more than one application is received for purchase/subscription (fresh or additional) into a scheme of the Mutual Fund for an aggregate investment amount equal to or more than Rs.2 lacs on any Business Day across all plans/options of the relevant scheme, then such applications shall be aggregated at the investor level (same holders/joint holders identified by their Permanent Account Numbers (PAN) in the same sequence).

Such aggregation shall be done irrespective of the number of folios under which the investor is investing and irrespective of source of funds, mode, location and time of application and payment.

Accordingly the applicable NAV for such applications shall be the closing NAV of the Business Day on which the funds are available for utilisation before the cut off time (currently 3:00 p.m.) in case of each application.

46

Scheme Default Option

FIT Dividend Payout

FILSF20’s Plan, DividendReinvestment Option

FIF-FEGF Growth Option

TIGF, FIBF, FIIF, FIBCF, FIPP, FIOF, FIFCF FIPF, FIF, FIHGCF, TIEIF,FAEF, FIDPEF, FBIF, FISCF, FIPEP &FIF-FUSOF

Dividend Reinvestment

Submission of PAN:

In terms of SEBI circulars dated April 27, 2007, April 03, 2008 and June 30, 2008 read with SEBI letter dated June 25, 2007, Permanent Account Number (PAN) would be the sole identification number for all participants transacting in the securities market, irrespective of the amount of transaction, except (a) investors residing in the state of Sikkim; (b) Central Government, State Government, and the officials appointed by the courts e.g. Official liquidator, Court receiver etc. (under the category of Government) and (c) investors participating only in micro-pension. SEBI, in its letter dated July 24, 2012 has conveyed that investments in mutual fund schemes [including investments through Systematic Investment Plan (SIP)] of up to Rs.50,000/- per year per investor shall be exempted from the requirement of PAN.

Accordingly, where the aggregate of lump sum investment (fresh purchase and additional purchase) and SIPs where the aggregate of instalments in a rolling 12 month period or in a financial year i.e. April to March does not exceed Rs.50,000/- (referred to as “Micro investment”), it shall be exempt from the requirement of PAN.

However, a duly verified/attested copy of such document(s) as may be prescribed by the AMC/Trustee from time to time, needs to be submitted as the proof of identification in lieu of PAN Card copy. This exemption will be available only to Micro investment made by individuals being Indian citizens (including NRIs, joint holders, minors acting through guardian and sole proprietary firms). PIOs, HUFs, QFIs and other categories of investors will not be eligible for this exemption.

For the purpose of identifying Micro investment, applications shall be aggregated at the investor level (same sole holder/joint holders in the same sequence) and such aggregation shall be done irrespective of the number of folios / accounts under which the investor is investing and irrespective of source of funds, mode, location and time of application and payment.

Thus, submission of PAN is mandatory for all existing as well as prospective investors (including all joint applicants/holders, guardians in case of minors, POA holders and NRIs but except for the categories mentioned above) for investing with mutual funds. Investors are required to register their PAN with the Mutual Fund by providing the PAN card copy. All investments without PAN (for all holders, including Guardians and POA holders) are liable to be rejected.

All investments in Franklin Templeton Mutual Fund need to comply with the PAN and KYC requirements as stated above, failing which the applications are liable to be rejected. It is clarified that all categories of investors seeking exemption from PAN still need to complete the KYC requirements stipulated by the AMC/Trustee from time to time, irrespective the amount of investment.

All investments in Franklin Templeton Mutual Fund need to comply with the PAN and KYC requirements as noted above.

SMS facility:

Investors of Franklin Templeton Mutual Fund (FTMF) can transact in all the schemes of FTMF (except Franklin India Pension Plan and Franklin India Government Securities Fund - PF Plan) through SMS. In order to avail this facility, the Unitholder(s) should submit this SMS transactions registration form along with NACH registration form at the nearest Franklin Templeton branch or investor service centres. Investors can send a transaction SMS only through the registered mobile number with the predefined keywords only (available on www.franklintempletonindia.com). This facility shall be available subject to the terms and conditions as detailed in the SMS transactions registration form.

Non acceptance of Third Party payment

The AMC shall not accept subscriptions with Third Party payment instruments in the Scheme, except in cases of (a) In case of investment in the name of a minor, payment by Parents / Grand- Parents / related persons (other than the person registered as Guardian in the minor’s Folio) on behalf of a minor in consideration of natural love and affection or as gift for a value not exceeding Rs.50,000/- (each regular purchase or per SIP instalment); (b) In case of investment in the name of a minor, payment by the person registered as Guardian in the minor’s Folio irrespective the amount of investment; (c) Payment by Employer on behalf of employee for lump sum/one-time subscription or under SIP through Payroll deductions or deductions out of expense reimbursement; (d) Custodian on behalf of an FII or a client. (e) Payment by Asset Management Company to a Distributor empanelled with it on account of commission/incentive etc. in the form of the Mutual Fund Units of the Funds managed by such AMC through Systematic Investment Plans or lump sum / one-time subscription, subject to compliance with SEBI Regulations and Guidelines issued by AMFI, from time to time; (f) Payment by Corporate to its Agent/ Distributor/ Dealer (similar arrangement with Principal-agent relationship), on account of commission/ incentive payable for sale of its goods/services in form of mutual fund units through SIP or lump sum/ one-time subscription. For this purpose Third Party payment shall mean payment made through instruments issued from an account other than that of the beneficiary investor. It is clarified that in case of payments from a joint bank account, the first holder of the mutual fund folio has to be one of the joint holders of the bank account from which payment is made. The investors making an application under the exception cases mentioned above need to submit such declarations and other documents / information as may be prescribed by the AMC from time to time.

Saturday. Email: [email protected].

Name of Investor Relations Officer: Rini Krishnan

Name and Address of Registrar: Franklin Templeton Asset Management (India) Pvt. Ltd., Unit 301, III Floor, Campus 4B, RMZ Millenia Business Park, 143 Dr. MGR Road, Kandanchavadi, Chennai 600096.

Unitholders’ Information:

Account Statement:

On acceptance of the application for subscription, a confirmation specifying the number of units allotted by way of email and/or SMS will be sent to the Unitholders within 5 Business Days from the date of receipt of application at their e-mail address and/or mobile number registered with the Mutual Fund/AMC.

A) Consolidated Account Statement

In order to enable a single consolidated view of all the investments of an investor in Mutual Funds and securities held in demat form with the Depositories, Mutual Fund-Registrar & Transfer Agents or Depositories shall generate and dispatch of single Consolidated Account Statement (CAS) to the investors. Consolidation of account statement shall be done on the basis of PAN. In case of multiple holding, it shall be PAN of the first holder and pattern of holding.

U n i t h o l d e r s w h o h a v e r e g i s t e r e d t h e i r Permanent Account Number (PAN) with the Mutual Fund will receive a Consolidated Account Statement as follows:

1. Unitholders who hold Demat Account

The Account Statement containing details relating to all financial transactions (purchase, redemption, switch, systematic investment plan, systematic transfer plan, systematic withdrawal plan, dividend transfer plan, dividend payout, dividend reinvestment and bonus transactions) made by the unitholder across all mutual funds and transaction in dematerialised securities across demat accounts of the Unitholder will be sent by the Depositories, for each calendar month within 10th day of the succeeding month to the unitholders in whose folios transactions have taken place during that month.

CAS shall be sent every half yearly (September/ March), on or before 10th day of succeeding month, detailing holding at the end of the six month, to all such Unitholders in whose folios and demat accounts there have been no transactions during that period.

In case of demat accounts with nil balance and no transactions in securities and in mutual fund folios, the Depository shall send account statement in terms of regulations applicable to the depositories.

2. Unitholders who do not hold Demat Account

The Account Statement containing details relating to all financial transactions (purchase, redemption, switch, systematic investment plan, systematic transfer plan, systematic withdrawal plan, dividend transfer plan, dividend payout, dividend reinvestment and bonus transactions) made by the unitholder across all mutual funds where PAN of the investor is registered and holding at the end of the month including transaction charges, if any, paid to the distributor, will be sent for each calendar month within 10th day of the succeeding month to the unitholders in whose folios transactions have taken place during that month.

The financial transactions processed from the 1st day of the month till 30/31 will be included in CAS, irrespective of trade date of the transaction.

The CAS detailing holding across all schemes of all mutual funds where PAN of the investor is registered, shall be sent at the end of every six months (i.e. September/ March), on or before 10th day of succeeding month to all mutual fund investors, excluding those investors who do not have any holdings in mutual fund schemes and where no commission against their investment has been paid to distributors, during the concerned half-year period. Such CAS shall reflect the closing balance, value of the Units as at the end of the month, the amount of actual commission paid by AMC to distributors (in absolute terms) during the half-year period against the concerned investor’s total investments in each MF scheme and scheme’s average Total Expense Ratio (in percentage terms) for the half-year period, of both direct plan and regular plan.

For the purpose of sending CAS, common investors across mutual funds shall be identified by their PAN. PAN identified as having a demat account by Depositories for generating CAS will not be considered while generating a Mutual Fund level CAS.

In case of a specific request received from the Unitholders, the AMC/Mutual Fund will provide the account statement to the Unitholder within 5 Business Days from the receipt of such request.

B) Unitholders who have not registered their PAN with the Mutual Fund will receive the following:

For normal transactions during ongoing sales and repurchase:

• The AMC shall issue to the investor whose application (other than SIP/STP) has been accepted, an account

statement specifying the number of units allotted within 5 working days of allotment.

For SIP / STP/ Dividend Reinvestment transactions:

• Account Statement for SIP and STP will be despatched once every month along with Dividend reinvestment (daily, weekly, monthly) account statement All other dividends statements will be dispatched as and when the dividend transaction is processed

• A soft copy of the Account Statement will be emailed to investors with the valid email id provided the investor has opted for e-delivery after the transaction is processed

• However, the first Account Statement under SIP/STP shall be issued within 10 working days of the initial investment/transfer.

• In case of specific request received from investors, Mutual Funds shall provide the account statement (SIP/STP) to the investors within 5 working days from the receipt of such request without any charges.

Half-yearly Statement:

• The AMC shall provide the Account Statement to the Unitholders who are not having Valid PAN excluding those investors who do not have any holdings in mutual fund schemes and where no commission against their investment has been paid to distributors, during the concerned half-year period. The Account Statement shall reflect the latest closing balance, value of the Units across all schemes in the respective folio, prior to the date of generation of the account statement, the amount of actual commission paid by AMC to distributors (in absolute terms) during the half-year period against the concerned investor’s total investments in each MF scheme and scheme’s average Total Expense Ratio (in percentage terms) for the half-year period, of both direct plan and regular plan.

For those unitholders who have provided an e-mail address, the AMC will send the account statement by e-mail. The unitholder may request for a physical account statement by writing / calling us at any of the ISC.

The Account Statement issued by the AMC is a record of holdings in the scheme of Franklin Templeton Mutual Fund. Investors are requested to review the account statement carefully and contact their nearest Investor Service Centre in case of any discrepancy. The contents of the statement will be considered to be correct if no error is reported within 30 days from the date of receipt of the Account Statement.

Annual Financial Reports

As required by the SEBI Regulations, the Fund will mail the scheme wise annual report or an abridged summary thereof to all the unit holders as soon as practical after 31st March each year but not later than four months thereafter, as the Trustee may decide. In case of unit holders whose e-mail addresses are available with the Mutual Fund, the annual report or the abridged summary, as the case may be, would only be sent by e-mail and no physical copies would be mailed to such unit holders. However, those unit holders who still wish to receive physical copies of the annual report/abridged summary notwithstanding their registration of e-mail addresses with the Fund, may indicate their option to the AMC in writing and AMC shall provide the same without demur. For the rest of the investors, i.e. whose email addresses are not available with the mutual fund, the AMC shall continue to send physical copies of scheme annual reports or abridged summary. The AMC shall display the link of the scheme annual reports or abridged summary prominently on the Fund’s website and make the physical copies available to the investors at its registered office at all times.

Half Yearly Disclosures

The Mutual Fund shall within one month of the close of each half year i.e., 31st March and 30th September, upload the soft copy of its unaudited financial results containing the details specified in Regulation 59 on its website and shall publish an advertisement disclosing uploading of such financial results on its website, in one English newspaper having nationwide circulation and in one regional newspaper circulating in the region where the head office of the Mutual Fund is situated.

The Scheme shall mail/e-mail (if an e-mail address is provided with the consent of the Unit holder) to all unit holders or publish, by way of an advertisement, in one English daily circulating in the whole of India and in a newspaper published in the language of the region where the head office of the Mutual Fund is situated the complete scheme portfolio before the expiry of one month of the close of each half year i.e., 31st March and 30th September. These shall also be displayed on the website of the Mutual Fund and that of AMFI.

Additionally, in accordance with SEBI circular no. CIR/I MD/ DF/ 21/ 2012 dated September 13, 2012, the Mutual Fund shall disclose the scheme portfolios as on the last day of the month on its website on or before the tenth day of the succeeding month.

Prevention of Money Laundering

In terms of the Prevention of Money Laundering Act, 2002, the Rules / guidelines/circulars issued there under (AML Laws), Mutual Funds are required to formulate and implement a client identification programme, to collect, verify and maintain the record of identity and address(es) of investors. It is mandatory for all investors (including joint holders, NRIs, POA holders and guardians in the case of minors) to furnish such documents and information as may be required to comply with the Know Your Customers (KYC) policies under the AML Laws. Applications without such documents and information may be rejected.

47

FRANKLIN TEMPLETON BRANCH OFFICES

KARVY COLLECTION CENTRES

CAMS COLLECTION CENTRES

Agra: 17/2/4, 1st Floor, Deepak Wasan Plaza,Opp Megdoot Furnitures, Sanjay Place, Behind Holiday Inn, Agra - 282 002. Anand (Gujarat): B-42 Vaibhav Commercial Center; Near TVS Down Town Show Room Grid, Char Rasta,

Anand 380001. Aurangabad (Maharashtra): Ramkunj, Railway Station Road, Near Osmanpura Circle,Near N-Mart Aurangabad 431005. Balasore (Odisha): M S Das Street, Gopalgaon, Balasore 756001. Bankura (West

Bengal): Ground Floor, Ambika Market Complex, Natunganj, Bankura 722101. Bellary (Karnataka): No.1, K H B Colony, Gandhi Nagar, Bellary 583103. Bhavnagar (Gujarat): Krushna Darshan Complex, Parimal Chowk,

Office No -307, 3rd Floor Above JadBlue Show Room, Bhavnagar 364001. Bhopal (Madhya Pradesh): Kay Kay Business Centre, Above City Bank, 133, Zone 1, M. P. Nagar, Bhopal 462011. Calicut (Kerala): IInd Floor,

Sowbhagya Shoping Complex, Areyadathupalam, Mavoor Road, Calicut 673004. Chinsurah-Hooghly (West Bengal): J. C. Ghosh Sarani, BangaGara, Near Bus Stand, Chinsura 712101. Erode (Tamil Nadu): No. 4, KMY

Salai, Veerappan Traders Complex, Opp. Erode Bus Stand, Sathy Road, Erode 638003. Gurgaon (Haryana): Shop No. 18, Ground Floor, Sector 14, Opp. AKD Tower, Near Huda Office, Gurgaon 122001. Haridwar

(Uttaranchal): 8, Govind Puri, Opp. LIC – 2, Above Vijay Bank, Main Road, Ranipur More, Haridwar – 249401. Jalgaon (Maharashstra): 269, JaeeVishwa, 1st Floor, Baliram Peth, Above United Bank Of India, Near Kishor

Agencies, Jalgaon 425001. Jamnagar (Gujarat): 136-137-138 Madhav Palaza, Opp. SBI Bank, Near Lal Bunglow, Jamnagar 361001. Korba (Chatisgarh): 1st Floor, City Centre, 97 IRCC, Transport Nagar, Korba - 495677.

Kurnool (Andhra Pradesh): Shop No.43, 1st Floor, S V Complex, R S Road, Near SBI Main Branch, Kurnool 518004. Nadiad (Gujarat): 104/105, Near Paras Cinema, City Point Nadiad, Nadiad – 387001. Nanded

(Maharashtra): Shop No.4, Santakripa Market, G G Road, Opp. Bank of India, Nanded – 431601. Pondicherry: First Floor, No.7, Thiayagaraja Street, Pondicherry 605001. Shillong (Meghalaya): Annex Mani Bhawan,

Lower Thana Road, Police Bazar, Shillong 793001. Trichur (Kerala): 2nd Floor, Brother's Complex, Near DhanaLaxmi Bank Head Office, Naikkanal Junction, Trichur 680001. Trivandrum (Kerala): 2nd Floor, Akshaya Towers, Sasthamangalam, Trivandrum 695010.

National Call Centre:

1800 425 4255 or 6000 4255 (please prefix the city STD code if calling from a mobile phone, Local call rates apply to both the numbers) from 8:00 a.m. to 9:00 p.m., Monday to Saturday.

Ahmedabad: 202 Abhijit-III, Opp.Mayor'sBunglow, Mithakhali Six Roads Navrangpura, Ahmedabad 380009 Fax: (079) 26462685. Allahabad: S N Tower, 4C Maharishi Dayananad Marg, Opp. Radio Station, Civil Lines, Allahabad-211001. Bangalore: 26-27, 1st floor, Northern Area, West Wing, Raheja Towers, MG Road, Bangalore – 560001 Fax: (080) 67149595. Bhopal: Guru Arcade, 2nd Floor, Ramgopal Maheshwari Marg, Plot No.153, M P Nagar Zone 1, Bhopal – 462011. Bhubaneswar: 77, Kharavel Nagar, Unit III, Janpath, Bhubaneswar 751001 Fax: (0674) 2531026. Chandigarh: S.C.O 413-414, 1st Floor, Sector 35-C, Chandigarh - 160022 Tel: 1-800-425 4255 / 6000 4255 Fax: 0172-2622341. Chennai: Century Centre, 75 T.T.K. Road, Alwarpet, Chennai 600018 Fax: (044) 24987790. Cochin (Kochi): 41/418–C, Chicago Plaza, First Floor, Rajaji Road, Ernakulam, Cochin 682035 Fax: (0484) 2373076. Coimbatore: 424-C Red Rose Towers, Second Floor, D. B. Road, R. S. Puram, Coimbatore 641002 Fax: (0422) 2470277. Dehradun: Shop No. 5 , 1st Floor, Swaraj Complex, Opp. Hotel Madhuban, Rajpur Road, Dehradun - 248001 Fax: (0135) 2719873. Guwahati: ITAG Plaza, 2nd Floor, Office No. 2C, G.S. Road, Main Road, ABC, Guwahati – 781005. Hyderabad: Unit No 402,6-3-1085/1, 4th Floor, Dega Towers , Rajbhavan Road,Somajiguda Hyderabad-500 082 Fax: (040) 23400030. Indore: 101, Starlit Towers, Opp. State Bank of India, Head Office, 29/1 Y. N. Road, Indore 452001 Fax: (0731) 4201507. Jaipur: 250 Ganpati Plaza, M. I. Road, Jaipur 302001 Fax: (0141) 5114178. Jalandhar: BX III 455, Shakti Tower, Upper Basement, Below Vishal Mega Mart, G. T. Road, Jalandhar 144001 Fax: (0181) 5080783. Jamshedpur: Fair Deal Complex,1st Floor, Office Unit 1B, Main Road, Opp. Ram Mandir, Bistupur, Jamshedpur – 831001. Kanpur: Office No.208-09, 14/113 KAN Chambers Civil Lines, Kanpur 208001 Tel: (0512) 6454091/92. Kolkata: 2D & 2E Landmark Building, Second Floor, 228-A, A.J.C. Bose Road, Kolkata 700020 Fax: (033) 44000561. Lucknow: 2 Uttam Palace, First Floor, 3 Sapru Marg, Lucknow 226001 Fax: (0522) 2231104/06566766. Ludhiana: SCO-37, First Floor, Feroze Gandhi Market, Ludhiana 141001 Fax: (0161) 3012101. Madurai: Suriya Towers, 1st floor ,Door No 272 /273 , Good Shed Street , Madurai 625001 Fax: (0452) 2350144. Mangalore: First Floor, Manasa Towers, M. G. Road, Kodialbail, Mangalore 575003 Fax: (0824) 2493749. Mumbai (a): Office No. 37, 3rd Floor, Maker Chamber – VI, Nariman Point, Mumbai 400021 Fax: (022) 22810923 (b) Indiabulls Finance Centre, Tower 2, 13th Floor, Senapati Bapat Marg, Elphinstone Road

nd (West), Mumbai 400013 Fax: (022) 66391284. Nagpur: Shop No. 3 & 4, Ground Floor, Maharshi Shivpad Complex, Plot No. 262, West High Court Road, Bajaj Nagar, Nagpur 440010 Fax: (0712) 2242238. Nashik: 2 Floor, Bedmutha's Navkar Heights, New Pandit Colony, Near Rajiv Gandhi Bhavan, Saharanpur Road, Nashik 422002 Fax: (0253) 2574329. New Delhi: 707-710, 7th Floor, Ashoka Estate Building, 24 Barakhamba Road, New Delhi 110001 Fax: (011) 23752019. Panjim: EDCON Mindspace, 6th Floor, Premises No. 605, Dr. Braganza Pereira Road, Campal, Panjim, Goa - 403 001. Patna: 505 Ashiana Hariniwas Apartments, Dak Bungalow Road, Patna 800001 Fax: (0612) 2201762. Pune: 401, Karan Selene, above Yes Bank, 187, Bhandarkar Road, Pune 411004 Fax: (020) 25665221. Raipur: Shop No. 310, 3rd Floor, Lalganga Shopping Mall, G. E. Road, Raipur 492001 Fax: (0771) 4033614. Rajkot: Ankur Building, 1/B, 1st floor, Dr. Radhakrishna Road, Nr. Moti Tanki Chowk, Rajkot – 360001. Ranchi: Saluja Tower, 6th Floor, Peepe Compound, Sujata Chowk, Main Road, Ranchi – 834001. Salem: 214/215, Second Floor, Kandaswarna Shopping Mall, Sarada College Road, Salem 636016 Fax: (0427) 2446854. Surat: HG-29 International Trade Centre, Majura Gate Cross Road Signal, Ring Road, Surat 395002 Fax: (0261) 2473744. Trichy: Arun Arcade, 75/1, First Floor, First Cross, North East Extension, Thillainagar, Trichy 620018 Fax: (0431) 2760013. Vadodara: 104-107 Spenta Complex, First Floor, Opposite Pizza Hut, Near Ambedkar Circle, Race Course Road, Vadodara 390007 Fax: (0265) 2356038. Varanasi: 4th Floor, Kuber Complex, Rathyatra Crossing, Varanasi 221010 Fax: (0542) 6454370/71. Vijayawada: White House, First Floor, Room # 2, M. G. Road, Vijayawada 520010 Fax: (0866) 6695550. Visakhapatnam: 204, First Floor, Eswar Plaza, Dwaraka Nagar, Visakhapatnam 530016 Fax: (0891) 6666806.

Agartala (Tripura): Krishnanagar Advisor Chowmuhani (Ground Floor), Agartala - 799 001. Agra (Uttar Pradesh): No.8, 2nd Floor, Maruti Tower, Sanjay Place, Agra 282002. Ahmedabad (Gujarat): 111-113, 1st Floor - Devpath Building Off C G Road, Behind Lal Bungalow, Ellis Bridge, Ahmedabad 380006. Ahmednagar (Maharashtra ): B, 1+3, Krishna Enclave Complex, Near Hotel Natraj, Nagar-Aurangabad Road, Ahmednagar 414001. Ajmer (Rajasthan): AMC No. 423/30, Near Church Brahampuri, Opp. T B Hospital, Jaipur Road, Ajmer 305001. Akola (Maharashtra): Opp. RLT Science College, Civil Lines, Akola 444001. Aligarh (U.P.): City Enclave, Opp. Kumar Nursing Home, Ramghat Road, Aligarh 202001. Allahabad (Uttarpradesh): 30/2, A&B, Civil Lines Station, Besides Vishal Mega Mart, Strachey Road, Allahabad 211001. Alleppey (Kerala): Doctor's Tower Building, Door No. 14/2562, 1st floor, North of Iorn Bridge, Near Hotel Arcadia Regency, Alleppey - 688 001. Alwar (Rajasthan): Plot No -256 A , Scheme number 1, Arya Nagar, Alwar – 301001. Amaravati (Maharashtra): 81, Gulsham Tower, 2nd Floor, Near Panchsheel Talkies, Amaravati 444601. Ambala (Haryana): Opposite PEER Bal Bhavan Road, Ambala 134003. Amritsar (Punjab): SCO - 18J, ' C' Block, Ranjit Avenue, Amritsar 140001. Anand (Gujarat): 101, A.P. Tower, Next to Nathwani Chambers, B/h Sardar Gunj, Anand 388001. Anantapur (Andhra Pradesh): 15-570-33, Ist Floor, Pallavi Towers, Opp. Canara Bank, Subhash Road Anantapur 515001. Andheri (Maharashtra): 351, Icon,501, 5th floor, Western Express Highway, Andheri East, Mumbai – 400 069. Ankleshwar (Gujarat): Shop No - F -56 First Floor,Omkar Complex, Opp. Old Colony, Near Valia Char Rasta, GIDC Ankleshwar- Bharuch 393002. Asansol (West Bengal): Block – G 1st Floor P C Chatterjee Market Complex, RambandhuTalab P O Ushagram Asansol 713303. Bangalore (Karnataka): Trade Centre, 1st Floor 45, Dikensen Road ( Next to Manipal Centre ) Bangalore 560042. Bankura (West Bengal): Cinema Road, Nutanganj, Beside Mondal Bakery, PO & District, Bankura 722101. Bareilly (Uttarpradesh): F-62-63, Butler Plaza, IInd Floor, Commercial Complex, Civil Lines, Bareilly 243001. Belgaum (Karnataka): 1st Floor, 221/2A/1B Vaccine Depot Road Near 2nd Railway gate, Tilakwadi, Belgaum 590006. Bhagalpur (Bihar): Krishna 1st Floor, Near Mahadev Cinema, Dr.R.P.Road, Bhagalpur 812002. Bharuch (Gujarat): F-108, First Floor Rangoli Complex, Station Road, Opp. Nagar Seva Sadan, Bharuch 392001. Bhatinda (Punjab): 2907 GH, GT Road, Near ZilaParishad, Bhatinda - 151 001. Bhavnagar (Gujarat): 305 – 306 Sterling Point, Waghawadi Road, Opp. HDFC BANK, Bhavnagar 364002. Bhilai (chatishgarh): 1st Floor,Plot No.3, Block No.1, PriyadarshiniPariswar west, Behind IDBI Bank, Nehru Nagar Square, Bhilai – 490020. Bhilwara (Rajasthan): IndraPrasta Tower, 2nd floor, Syam Ki SabjiMandi, Near Mukerjee Garden, Bhilwara - 311 001. Bhopal (Madhya Pradesh): Plot no 10, 2nd Floor, Alankar Complex, Near ICICI Bank, MP Nagar, Zone II, Bhopal 462011. Bhuj (Gujarat): Data Solution, Office No:17, 1st Floor, Municipal Building, Opp. Hotel Prince, Station Road, Bhuj - Kutch 370001. Bikaner (Rajasthan): Behind Rajasthan Patrika, In front of Vijaya bank 1404, Amar Singh Pura, Bikaner -334 001. Bilaspur (Chattisgarh): Shop No. B - 104, First Floor, Narayan Plaza, Link Road, Bilaspur, Chattisgarh – 495001. Bokaro (Jharkhand): Mazzanine Floor F-4, City Centre, Sector 4, Bokaro Steel City, Bokaro 827004. Borivali (Maharashtra): Hirji Heritage, 4th Floor, Office no 402,Landmark: Above Tribhuwandas Bhimji Zaveri (TBZ),L.T. Road, Borivali – West, Mumbai - 400 092. Burdwan (West Bengal): 1st Floor Above Exide Showroom, 399 G T Road, Burdwan-713101. Chennai (Tamil Nadu): Ground Floor No.178/10, Kodambakkam High Road, Opp. Hotel Palmgrove Nungambakkam, Chennai 600034. Cuttack (Orissa): Near Indian Overseas Bank, Cantonment Road, Mata Math, Cuttack 753001. Davenegere (Karnataka): 13, Ist Floor, AkkamahadeviSamaj Complex, Church Road, P.J.Extension, Devengere 577002. Delhi (New Delhi): 7-E, 4th Floor DeenDayaal Research Institute Building, Swami Ram Tirath Nagar, Near Videocon Tower Jhandewalan Extension New Delhi 110055. Dhanbad (Jharkhand): Urmila Towers, Room No: 111(1st Floor), Bank More Dhanbad 826001. Dhule (Maharashtra): H. No. 3140 J.B. Road, Near Tower Garden, Opp Liberty Furniture, Dhule – 424001. Durgapur (West Bengal): Plot No 3601, NazrulSarani, City Centre, Durgapur – 713216. Faridhabad (Haryana): B-49, Ist Floor Nehru Ground, Behind Anupam Sweet House, NIT Faridhabad 121001. Gandhidham (Gujarat): S-7, Ratnakala Arcade, Plot No. 231, Ward 12/B, Gandhidham - 370 201. Ghaziabad (Uttarpradesh): FF - 26, Konark Building, 1st Floor, RDC - Rajnagar, Ghaziabad 201002. Gorakhpur (Uttarpradesh): Shop No. 3, Second Floor, The Mall Cross Road, A.D. Chowk Bank Road Gorakhpur 273001. Guntur (Andhra Pradesh): Door No 5-38-44 5/1 BRODIPET, Near Ravi Sankar Hotel, Guntur 522002. Guwahati (Assam): A.K. Azad Road, Rehabari, Guwahati 781008. Gwalior (Madhya Pradesh): G-6 Global Apartment, Kailash Vihar Colony, Opp. Income Tax Office, City Centre Gwalior 474002. Hisar (Haryana): 12, Opp. Bank of Baroda, Red Square Market, Hisar - 125 001. Hosur (Tamil Nadu): No.9/2, 1st Floor, Attibele Road HCF Post, Behind RTO office Mathigiri Hosur 635110. Hubli (Karnataka): No.204 - 205, 1st Floor ' B ' Block, Kundagol Complex Opp. Court, Club Road Hubli 580029. Hyderabad (Andhra Pradesh): 208, II Floor Jade Arcade Paradise Circle Secunderabad 500003. Jabalpur (Madhya Pradesh): 8, Ground Floor, Datt Towers Behind Commercial Automobiles Napier Town Jabalpur 482001. Jammu (J & K): JRDS Heights, Lane Opp. S&S Computers, Near RBI Building, Sector 14, Nanak Nagar Jammu 180004. Jamnagar (Gujarat): 207, Manek Centre, P N Marg, Jamnagar – 361001. Jamshedpur (Jharkhand): Millennium Tower, "R" Road Room No:15 First Floor, Bistupur Jamshedpur 831001. Jaunpur (Uttar Pradesh): Gopal katra, 1st Floor, Fort Road, Jaunpur – 222001. Jhansi (Uttar Pradesh): 372/18 D,1st Floor above IDBI Bank,Beside V-Mart, Near "RASKHAN" Gwalior Road, Jhansi – 284001. Jodhpur (Rajasthan): 1/5, Nirmal Tower, IstChopasani Road, Jodhpur 342003. Junagadh (Gujarat): "Aastha Plus", 202-A, 2nd Floor Sardarbag road, Near Alkapuri, Opp. Zansi Rani statue, Junagadh 362001. Kadapa (Andhra Pradesh): Bandi Subbaramaiah Complex D.No:3/1718, Shop No: 8 Raja Reddy Street, Besides Bharathi Junior College, Kadapa 516001. Kakinada (Andhra Pradesh): D No-25-4-29, 1st floor, Kommireddy Vari Street, Beside Warf Road,Opp. Swathi Medicals, Kakinada – 533001. Kalyani (West Bengal): A - 1/50 Block A Kalyani Dist Nadia, Kalyani 741235. Kannur (Kerala): Room No. 14/435, Casa Marina Shopping Centre, Talap, Kannur - 670 004. Karimnagar (Telangana): HNo.7-1-257, Upstairs S B H Mankammathota, Karimnagar 505001. Karnal (Haryana): 29 Avtar Colony, Behind Vishal Mega Mart, Karnal – 132001. Karur (Tamil Nadu): 126 G, V.P. Towers, Kovai Road Basement of Axis Bank, Karur 639002. Kharagpur (West Bengal): H.NO.291/1, WARD NO-15 Malancha Main Road, Opposite UCO Bank, Kharagpur 721301. Kolhapur (Maharashtra): 2 B, 3rd Floor, Ayodhya Towers Station Road, Kolhapur 416001. Kolkata (West Bengal): Saket Building, 44 Park Street, 2nd Floor, Kolkata 700016. Kolkata( Central) (West Bengal): 2A, Ganesh Chandra Avenue Room No.3A Commerce House"(4th Floor), Kolkata 700013. Kollam (Kerala): Kochupilamoodu Junction Near VLC, Beach Road, Kollam 691001. Kota (Rajasthan): B-33 'Kalyan Bhawan Triangle Part, Vallabh Nagar, Kota 324007. Kottayam (Kerala): Jacob Complex Building No - Old No-1319F, New No - 2512D Behind Makkil Centre,Good Sheperd Road, Kottayam 686001. Kumbakonam (Tamil Nadu): Jailani Complex 47, Mutt Street, Kumbakonam - 612 001. Mapusa (Goa): Office no.CF-8, 1st Floor, Business Point Above Bicholim Urban Co-op Bank Angod, Mapusa 403507. Margao (Goa): F4- Classic Heritage, Near Axis Bank, Opp. BPS Club, Paji fond, Margao, Goa - 403 601. Mathura (Uttar Pradesh): 159/160 Vikas Bazar, Mathura - 281 001. Meerut (Uttarpradesh): 108 Ist Floor Shivam Plaza Opposite Eves Cinema, Hapur Road Meerut 250002. Mehsana (Gujarat): 1st Floor, Subhadra Complex Urban Bank Road Mehsana 384002. Moradabad (Uttarpradesh): H 21-22, 1st Floor, Ram Ganga Vihar Shopping Complex, Opposite Sale Tax Office, Moradabad – 244001. Mumbai (Maharashtra): Rajabahdur Compound, Ground Floor Opp Allahabad Bank, Behind ICICI Bank 30, Mumbai Samachar Marg, Fort, Mumbai 400023. Muzzafarpur (Bihar): Brahman toli, Durgasthan Gola Road, Muzaffarpur 842001. Mysore (Karnataka): No.1, 1st Floor CH.26 7th Main, 5th Cross (Above Trishakthi Medicals) Saraswati Puram, Mysore 570009. Navsari (Gujarat): 16,1st Floor, Shivani Park, Opp. Shankheswar Complex Kaliawadi, Navasari 396445. Nellore (Andhra Pradesh): 9/756, I Floor Immadisetty Towers Ranganayakulapet Road, Santhapet, Nellore 524001. Noida (Uttar Pradesh): C-81, 1st Floor, Sector – 2, Noida 201301. Palakkad (Kerala): 10 / 688, Sreedevi Residency, Mettupalayam Street, Palakkad - 678 001. Panipat (Haryana): SCO 83-84, Ist Floor, Devi Lal Shopping Complex, Opp RBS Bank, G T Road, Panipat 132103. Panji (Goa): LawandeShamalkarBhavan,1st Floor, Office No.2, Next to Mahalakshmi Temple, Panaji – 403001. Patiala (Punjab): 35, New lalBagh Colony, Patiala 147001. Pathankot (Punjab): 13 - A, 1st Floor, Gurjeet Market Dhangu Road, Pathankot – 145001. Pune (Maharashtra): Nirmiti Eminence, Off No. 6, I Floor Opp Abhishek Hotel Mehandale Garage Road Erandawane, Pune 411004. Rajahmundry (Andhra Pradesh): Door No: 6-2-12, 1st Floor, Rajeswari Nilayam Near Vamsikrishna Hospital, Nyapathi Vari Street, T Nagar, Rajahmundry 533101. Ranchi (Jharkhand): 4,HB Road No: 206, 2nd Floor Shri Lok Complex, H B Road Near Firayalal, Ranchi 834001. Ratlam (Madhya Pradesh): Dafria& Co 18, Ram Bagh Near Scholar's School, Ratlam 457001. Rohtak (Haryana): 205, 2nd Floor, Building No: 2 Munjal Complex, Delhi Road, Rohtak - 124 001. Rourkela (Orissa): 1st Floor MangalBhawan Phase II Power House Road, Rourkela 769001. Saharanpur (Uttar Pradesh): I Floor, Krishna Complex Opp. Hathi Gate Court Road, Saharanpur 247001. Salem (Tamil Nadu): No.2, I Floor Vivekananda Street, New Fairlands, Salem 636016. Sambhalpur (Odisha): Opp. Town High School, Sansarak, Sambalpur - 768 001. Sangli (Maharashtra): Jiveshwar Krupa Bldg, Shop. No.2, Ground Floor, Tilak Chowk, Harbhat Road, Sangli - 416 416. Satara (Maharashtra): 117 / A / 3 / 22, Shukrawar Peth Sargam Apartment, Satara 415002. Shimla (Himachal Pradesh): I Floor, Opp. Panchayat Bhawan Main gate Bus stand, Shimla 171001. Shimoga (Karnataka): No.65 1st Floor, Kishnappa Compound, 1st Cross, Hosmane Extn, Shimoga – 577201. Siliguri (West Bengal): 78, Haren Mukherjee Road, 1st Floor, Beside SBI Hakimpara, Siliguri 734001. Sitapur (Uttar Pradesh): Arya Nagar Near Arya Kanya School, Sitapur 261001. Sri Ganganagar (Rajasthan): 18 L Block, Sri Ganganagar - 335 001. Srikakulam (Andhra Pradesh): Door No 4-4-96, First Floor, Vijaya Ganapathi Temple Back Side, Nanubala Street, Srikakulam - 532 001. Solapur (Maharashtra): Flat No 109, 1st Floor,A Wing Kalyani Tower 126 SiddheshwarPeth Near Pangal High School Solapur 413001. Sreerampur (West Bengal): 47/5/1, Raja Rammohan Roy Sarani PO. Mallickpara,Dist. Hoogly, Sreerampur 712203. Thane (Maharashtra): 3rd Floor, Nalanda Chambers B Wing, Gokhale Road, Near Hanuman Temple Naupada Thane 400602. Tirupur (Tamil Nadu): 1(1), Binny Compound, 2nd Street, Kumaran Road, Tirupur 641601. Tirunelveli (Tamil Nadu): 1 Floor, Mano Prema Complex 182 / 6, S.N High Road Tirunelveli 627001. Tirupathi (Andhra Pradesh): Shop No : 6,Door No: 19-10-8 Opp to Passport Office, AIR Bypass Road Bhavani Nagar, Tirupati 517501. Udaipur (Rajasthan): Shree Kalyanam,50, Tagore Nagar,Sector – 4,Hiranmagri,Udaipur – 313001. Valsad (Gujarat): 3rd floor Gita Nivas, opp Head Post Office Halar Cross Lane Valsad 396001. Vapi (Gujarat): 208, 2nd Floor HEENA ARCADE Opp. Tirupati Tower, Near G.I.D.C Char Rasata Vapi 396195. Vasco Da Gama (Goa): No DU 8, Upper Ground Floor, Behind Techoclean Clinic, Suvidha Complex, Near ICICI Bank, Vasco da gama 403802 . Vellore (Tamil Nadu): No.1, Officer's Line 2nd Floor, MNR Arcade Opp. ICICI Bank, Krishna Nagar Vellore 632001. Warangal (Telangana): A.B.K Mall, Near Old Bus Depot road BVSS Mayuri Complex F-7, Ist Floor, Ramnagar, Hanamkonda Warangal 506001. Yamuna Nagar (Haryana): 124-B/R, Model Town, Yamuna Nagar - 135 001.

Addendum to various Scheme Information Documents/ Key information Memorandum of Franklin Templeton Mutual Fund

The unit holders of various schemes of Franklin Templeton Mutual Fund (“FTMF”) are requested to note that pursuant to SEBI circulars dated October 06, 2017 and December 4, 2017 on categorization and rationalization of mutual fund schemes, following is proposed:

Merger of Plans

As a part of the categorization and rationalization of schemes process, Franklin India Government Securities Fund (FIGSF) - Composite and PF Plan (Merging Plans) shall be merged into FIGSF – Long Term Plan (Surviving Plan) as on June 4, 2018. Consequently, from the date of merger i.e., effective June 4, 2018, the investors of Merging Plans would become investors of Surviving Plan.

The sale of the units of FIGSF - Composite and PF Plan (including switch-in) will be suspended w.e.f. April 20, 2018, except in respect of SIP, STP and DTP. Registration of SIP / STP / DTP will also be suspended w.e.f. from April 20, 2018.

The requirement of minimum application amount for fresh and additional purchase of units as mentioned in the Scheme Information Document will not be applicable in respect of the units of surviving plan allotted to the investors of Merging Plan(s) on account of the merger.

Further, the portfolio of Merging Plan(s) as on the date of merger, which is valued as per SEBI Guidelines, will be merged with the portfolio of Surviving Plan as applicable.

In case of investors in merging plan(s) who opt to continue in Surviving plan post-merger and have registered for any of the systematic transaction facility viz., Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), Dividend Transfer Plan (DTP) or Systematic Withdrawal Plan (SWP) in Merging Plan(s), the said registration for SIP, STP, DTP or SWP will continue under Surviving Plan for its balance tenure subsequent to the merger.

If the investors do not wish to continue the systematic transactions under Surviving Plan post-merger, the investors are required to intimate Franklin Templeton Mutual Fund in writing their unwillingness to continue the said facilities latest by 3 p.m. on June 1, 2018. In respect of the units in Merging Plan(s) which are under any pledge / lien / encumbrance, such pledge/lien/encumbrance will continue on the units allotted in Surviving Plan on account of merger.

Subsequent to the merger, the Merging Plan(s) viz. FIGSF – Composite and PF Plan shall cease to exist.

Change in Scheme features

Further, as a part of the categorization and rationalization of schemes process, it is proposed to change certain features of few schemes (collectively referred as ‘the Schemes’) with effect from June 4, 2018.

Given below are the changes in the features of the Schemes. Some of these changes constitute change in fundamental attributes of the Schemes.

1. Franklin India Prima Plus

Particulars Current features Proposed features

Type of Scheme An open-end growth fund Multi-cap Fund- An open ended equity scheme investing across large cap, mid cap, small cap stocksAsset Allocation Under normal market circumstances, the investment range would be as follows: Under normal market circumstances, the investment range would be as follows:

Investment Strategy

Product positioning

Product Label

2. Franklin India Bluechip Fund

Definition of Large cap, -mid cap and small cap companies

Asset Allocation Under normal market circumstances, the investment range would be as follows: Under normal market circumstances, the investment range would be as follows:

Name of Scheme Franklin India Prima Plus Franklin India Equity Fund

Particulars Current features Proposed featuresType of scheme Open – end Growth Fund Large-cap Fund- An open ended equity scheme predominantly investing in large cap stocksInvestment Objective To provide medium to long term capital appreciation. The investment objective of the scheme is to generate long-term capital appreciation by actively managing

a portfolio of equity and equity related securities. The Scheme will invest in a range of companies, with a bias towards large cap companies.

Benchmark Index S&P BSE Sensex Nifty 100

#Instruments Risk Profile % of Net AssetsEquities Medium to High At least 40%

Debt* Low to Medium Upto 40%Money Market Instruments Low Upto 20%

#Instruments Risk Profile % of Net AssetsEquity and Equity related instruments Medium to High 65-100Debt & Money Market Instruments* Low to Medium 0-35

*Includes Securitised Debt upto 40%#including investments in Foreign Securities as may be permitted by SEBI/RBI upto the limit specified for applicable asset class in the asset allocation table above.The fund managers will follow an active investment strategy taking defensive/aggressive postures depending on opportunities available at various points in time.The scheme may enter into derivatives in line with the guidelines prescribed by SEBI from time to time. The scheme may take exposure in derivatives up to a maximum of 50% of its AUM. The exposure limit per scrip/instrument shall be to the extent permitted by the SEBI Regulation for the time being in force. These limits will be reviewed by the AMC from time to time. Trading in derivatives by the scheme shall be restricted to hedging and portfolio balancing purposes.It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the Investment Manager, the intention being at all times to seek to protect the interests of the Unit holders. The asset allocation pattern described above may alter from time to time on a short-term basis on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors (i.e., for reasons other than downgrade in rating) and would, in such cases, shall be rebalanced within 30 days from date of deviation. However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.

*Includes Securitised Debt upto 35%

#including investments in Foreign Securities as may be permitted by SEBI/RBI upto 35% of net assets

The fund managers will follow an active investment strategy taking defensive/aggressive postures depending on opportunities available at various points in time.

The scheme may enter into derivatives in line with the guidelines prescribed by SEBI from time to time. The scheme may take exposure in derivatives up to a maximum of 50% of its AUM. The exposure limit per scrip/instrument shall be to the extent permitted by the SEBI Regulation for the time being in force. These limits will be reviewed by the AMC from time to time. Trading in derivatives by the scheme shall be restricted to hedging and portfolio balancing purposes.

It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the Investment Manager, the intention being at all times to seek to protect the interests of the Unit holders. The asset allocation pattern described above may alter from time to time on a short-term basis on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors (i.e., for reasons other than downgrade in rating) and would, in such cases, shall be rebalanced within 30 days from date of deviation. However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.

The scheme follows a blend of value and growth style of investing. The fund will follow a bottom-up approach to stock-picking and choose wealth creating companies across sectors. The scheme will invest in diversified portfolio of primarily large cap stocks, with a marginal small/mid cap exposure.

The scheme follows a blend of value and growth style of investing. The fund will follow a bottom-up approach to stock-picking and choose wealth creating companies across sectors.

A diversified equity portfolio investing in large, mid and small-cap stocksA diversified equity portfolio investing predominantly in large cap stocks with allocation to mid and small caps.

This product is suitable for investors who are seeking*:

• Long term capital appreciation

• Primarily a large cap fund with some allocation to small/mid cap stocks



• Investing in large, mid and small-cap stocks

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Investors understand that their principal will be at Moderately High risk

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Instruments Risk Profile % of Net Assets#Equities Medium to High Above 60%Debt* Low to Medium Upto 40%Money Market Instruments Low Upto 15%

Instruments Risk Profile % of Net Assets#Equity and Equity related instruments of Large cap companies Medium to High 80-100%Equity and Equity related instruments of other companies Medium to High 0-20%Debt & Money Market Instruments* Low to Medium 0-20%

* includes Securitised Debt upto 40%

#including investments in Foreign Securities as may be permitted by SEBI/RBI upto the limit specified for applicable asset class in the asset allocation table above.



It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the Investment Manager, the intention being at all times to seek to protect the interests of the Unit holders. The asset allocation pattern described above may alter from time to time on a short-term basis on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors and would, in such cases, shall be rebalanced within 30 days from date of deviation. However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.

* includes Securitised Debt upto 20%




It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the Investment Manager, the intention being at all times to seek to protect the interests of the Unit holders. The asset allocation pattern described above may alter from time to time on a short-term basis on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors and would, in such cases, shall be rebalanced within 30 days from date of deviation.

However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Definition as prescribed by SEBI of large cap, mid cap and small cap is as follows:

a. Large Cap: 1st -100th company in terms of full market capitalization

b. Mid Cap: 101st -250th company in terms of full market capitalization

c. Small Cap: 251st company onwards in terms of full market capitalization

Franklin Templeton Mutual Fund (FTMF) will adopt the list of stocks as prepared by AMFI in this regard and AMFI would adhere to the following points while preparing the list:

a. If a stock is listed on more than one recognized stock exchange, an average of full market capitalization of the stock on all such stock exchanges, will be computed;

b. In case a stock is listed on only one of the recognized stock exchanges, the full market capitalization of that stock on such an exchange will be considered.

c. This list would be uploaded on the AMFI website and the same would be updated every six months based on the data as on the end of June and December of each year. The data shall be available on the AMFI website within 5 calendar days from the end of the 6 months period.

d. While preparing the single consolidated list of stocks, average full market capitalization of the previous six months of the stocks shall be considered.

Subsequent to any updation in the list, FTMF would rebalance the portfolio (if required) in line with updated list, within a period of one month.

Investment Strategy

Product positioning

Product Label


3. Franklin India Flexi Cap Fund

Investment Objective To provide medium to long-term capital appreciation by investing in stocks across the entire market capitalisation range. stocks.

Definition of Large cap, mid _cap and small cap companies


Investment Strategy

Product positioning

Particulars Current features Proposed featuresName of Scheme Franklin India Flexi Cap Fund Franklin India Equity Advantage FundType of Scheme Open-end diversified equity fund Large & Mid-cap Fund- An open ended equity scheme investing in both large cap and mid cap stocks

To provide medium to long-term capital appreciation by investing primarily in Large and Mid-cap

Product Label


4. Franklin India Prima FundParticulars Current features Proposed featuresType of Scheme Open– end Growth Scheme Mid-cap Fund- An open ended equity scheme predominantly investing in mid cap stocksBenchmark Index Nifty 500 and Nifty Free Float Midcap 100 Nifty Midcap 150Definition of Large cap, mid _cap and small cap companies


The scheme follows a blend of value and growth style of investing. The fund will follow a bottom-up approach to stock-picking and choose companies across sectors. The scheme will invest in diversified portfolio of stocks which have a large market capitalization and are liquid. Large capitalization stocks are generally defined as stocks whose market cap is higher than that of hundredth stock in the Nifty 500 Index.

The scheme follows a blend of value and growth style of investing. The fund will follow a bottom-up approach to stock-picking and choose companies across sectors. The scheme will invest in diversified portfolio of stocks which have a large market capitalization and are liquid.

A diversified equity portfolio predominantly investing in large-cap stocks.A diversified equity portfolio investing in Large Cap stocks.



• A fund that invests in large cap stocks



• A fund that primarily invests in large-cap stocks

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Instruments Risk Profile % of Net Assets#Equities and Equity Linked instruments

out of which Medium to High 75% - 100%Large Cap Medium 20%-100%Mid Cap Medium to High 0%-70%Small Cap High 0%-40%Debt securities* Low to Medium 0% - 25%Money Market Instruments Low 0% - 25%

Instruments Risk Profile % of Net Assets#Equity and Equity linked instruments of large cap companies Medium to High 35-65Equity and Equity linked instruments of Mid cap companies Medium to High 35-65Equity and Equity linked instruments of other companies Medium to High 0-30Debt & Money Market Instruments * Low to Medium 0-30# including investments in ADR/GDR up to 50%, exposure in derivatives upto a maximum of 50%



A maximum of 40% of net assets may be deployed in securities lending and the maximum single party exposure may be restricted to 10% of net assets outstanding at any point of time.



Market Capitalisation: Market value of the listed company, which is calculated by multiplying its current market price by number of its shares outstanding.

Large Cap Stocks: Any stock having market capitalisation above Rs. 1500 crores.

Mid Cap Stocks: Any stock having market capitalisation between Rs. 250 crores to Rs. 1500 crores.

Small Cap Stocks: Any stock having market capitalisation below Rs. 250 crores.








The scheme follows a blend of value and growth style of investing. The fund will follow a bottom-up approach to stock-picking and choose companies across sectors. The scheme will invest in diversified portfolio of stocks which have a large market capitalization and are liquid. Large capitalization stocks are generally defined as stocks whose market cap is higher than that of hundredth stock in the Nifty 500 Index.

The scheme follows a blend of value and growth style of investing. The fund will follow a bottom-up approach to stock-picking and choose companies across sectors. The scheme will invest predominantly in large and mid-cap stocks.

A diversified equity portfolio predominantly investing in large and mid-cap stocks.A diversified equity portfolio investing across market capitalizations in a dynamic manner based on relative valuations.This product is suitable for investors who are seeking*:


• A fund that invests in stocks of companies across the market cap range



• A fund that primarily invests in large and mid-cap stocks

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d. While preparing the single consolidated list of stocks, average full market capitalization of the previous six month of the stocks shall be considered.


Instruments Risk Profile % of Net Assets#Equities Medium to High Above 60%Debt* Low to Medium Upto 40%Money Market Instruments Low Upto 15%

Instruments Risk Profile % of Net Assets#Equity and equity related instruments of mid cap companies Medium to High 65-100%Equity and equity related instruments of other than mid cap companies Medium to High 0-35%Debt & Money Market Instruments * Low to Medium 0-35%

* Includes Securitised Debt upto 40%





* Includes Securitised Debt upto 35%






Investment Strategy

Product Label


5. Franklin India Smaller Companies Fund

Definition of Large cap, mid _cap and small cap companies


Investment Strategy

Product Label

Particulars Current features Proposed featuresType of Scheme Open-end diversified equity fund Small-cap Fund- An open ended equity scheme predominantly investing in small cap stocksInvestment Objective The Fund seeks to provide long-term capital appreciation by investing in mid and small cap The Fund seeks to provide long-term capital appreciation by investing predominantly in small

companies. cap companies.Benchmark Index Nifty Free Float Midcap 100 Nifty Smallcap 250


6. Templeton India Equity Income FundParticulars Current features Proposed featuresType of Scheme An open-end diversified equity fund An open ended equity scheme predominantly investing in dividend yielding stocksInvestment Objective The Scheme seeks to provide a combination of regular income and long-term capital appreciation The Scheme seeks to provide a combination of regular income and long-term capital appreciation by

by investing primarily in stocks that have a current or potentially attractive dividend yield. investing primarily in stocks that have a current or potentially attractive dividend yield, by using a value strategy.

Asset Allocation Pattern Under normal market circumstances, the investment range would be as follows: Under normal market circumstances, the investment range would be as follows:

Definitions

Risk Factors

Where will the Scheme Invest?

Investment Restrictions

Product Label

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.7. Templeton India Growth Fund

Particulars Current Features Proposed FeaturesName Templeton India Growth Fund Templeton India Value FundType of Scheme An open-end growth fund An open ended equity scheme following a value investment strategy Investment Objective The Investment Objective of the Scheme is to provide long-term capital growth to its Unitholders. The Investment objective of the scheme is to provide long-term capital appreciation to its Unitholders

The corpus of the Scheme will be invested primarily in Equity Capital, Preference Capital, Non- by following a value investment strategy.voting Capital (when permitted), Warrants, Debt Securities convertible into or carrying the right to acquire Equity Capital of both established as well as emerging growth companies.

The scheme follows a blend of value and growth style of investing. The fund will follow a bottom-up approach to stock-picking and choose companies across sectors. The scheme will invest in diversified portfolio of primarily mid and small cap stocks. Mid & Small cap stocks are defined as companies whose market cap is less than the hundredth stock in Nifty 500 Index.

The scheme follows a blend of value and growth style of investing. The fund will follow a bottom-up approach to stock-picking and choose companies across sectors. The scheme will invest in diversified portfolio of primarily mid cap stocks.



• A fund that invests in mid and small cap stocks



• A fund that primarily invests in mid-cap stocks

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Instruments Risk Profile Min%-Max%*Equities and Equity Linked instrumentsout of which: Medium to High 75% - 100%Smaller Companies High 75% - 100%Other Companies Medium 0% - 25%Debt**/Money Market Instruments/Cash Low to Medium 0% - 25%

Instruments Risk Profile % of Net Assets#Equities and Equity Linked instruments of Smaller Medium to High 65 – 100%CompaniesEquities and Equity Linked instruments of other Medium to High 0 – 35%Companies Debt/Money Market Instruments/Cash ** Low to Medium 0 – 35%

* including investments in ADR/GDR/foreign securities up to 50% of the equity/debt portion, exposure in derivatives up to a maximum of 50%.


The scheme may enter into derivatives in line with the guidelines prescribed by SEBI from time to time. The scheme may take exposure in derivatives up to a maximum of 50% of its AUM. The exposure limit per scrip/instrument shall be to the extent permitted by the SEBI Regulation for the time being in force. These limits will be reviewed by the AMC from time to time.

The fund manager(s) will follow an active investment strategy taking defensive/aggressive postures depending on opportunities available at various points in time by investing in Smaller Companies as defined.

It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the Investment Manager, the intention being at all times to seek to protect the interests of the Unit holders. The asset allocation pattern described above may alter from time to time on a short-term basis, on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors and would, in such cases, shall be rebalanced within 30 days from the date of deviation. However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.





The fund manager(s) will follow an active investment strategy taking defensive/aggressive postures depending on opportunities available at various points in time by investing in Smaller Companies as defined.

It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the Investment Manager, the intention being at all times to seek to protect the interests of the Unit holders. The asset allocation pattern described above may alter from time to time on a short-term basis, on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors and would, in such cases, shall be rebalanced within 30 days from the date of deviation. However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.


FISCF is an open end diversified equity fund designed for those investors who seek exposure to an equity product that can take advantage of the opportunities available in the mid and small cap space. The fund shall invest at least 75% of its corpus in equity and equity related securities of those Smaller Companies, which has a market capitalisation below that of the 100th stock in Nifty 500 Index, with the index constituents ranked in terms of market capitalisation and may or may not be a company forming part of the Nifty 500. The universe would also include those companies coming out with fresh issuance IPO and whose post issue market cap (based on issue price) would fall under above-mentioned criteria. The remaining portion of the portfolio will be invested in equity and equity related securities of any company, which has market capitalisation of the 100th stock and above in Nifty 500 and may or may not be a company forming part of the Nifty 500 index and in the opinion of the fund manager have attractive growth prospects and potential to outperform the broad market indices. The overall investment strategy of FISCF will be in line with the FT Equity (India) style of equity investing.

FISCF is an open end equity fund designed for those investors who seek exposure to an equity product that can take advantage of the opportunities available predominantly in the small cap space. The universe may also include some allocation to companies in large and mid cap space.



•A fund that invests primarily in small and mid cap companies



•A fund that invests primarily in small-cap stocks

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Instruments Risk Profile % of Net Assets#Equity & Equity linked instruments, out of which Medium to high 70-100%Large Companies Medium 20%-75%Other Indian Companies Medium to High 0%-25%Foreign securities as permitted by SEBI/RBI Medium to High 0%-50%Debt securities, Money Market Instruments and cash* Low to Medium 0%-30%

Instruments % of Net Assets # Risk ProfileEquity and Equity related instruments, out of 65%-100% Medium to Highwhich:Indian Companies 50%-100% Medium to HighForeign Securities 0%-50% Medium to HighDebt Securities, Money Market Instruments, 0%-35% Low to Mediumunits of Real Estate Investment Trusts (REIT)/ Infrastructure Investment Trust (InvIT) and Cash*

# including investments in ADR/GDR/Foreign Securities/FCCBs and any other instruments as may be permitted by SEBI/RBI upto 50% of the net assets of the scheme, exposure in derivatives upto a maximum of 50%




A maximum of 10% of net assets may be deployed in REITs and InvITs and the maximum single issuer exposure may be restricted to 5% of net assets or upto the limits permitted by SEBI from time to time

Large Company: Any company having a market capitalization of Rs. 1350 crores and above.

Other Company: Any company having a market capitalization less than Rs. 1350 crores.

To be removed



• A fund that focuses on Indian and emerging market stocks - a value fund taking into account dividend yield of stocks



• A fund that focuses on Indian and emerging market stocks that have a current or potentially attractive dividend yield, by using a value strategy

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Refer existing disclosure in SID under Section “Risk factors” The following shall be added under Risk factors:

Risks associated with Investments in REITs and InvITs: Please refer disclosure provided in Note 1.5 below.

Refer existing disclosure in SID The following shall be added under “Where will the Scheme invest?”

• Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs): Please refer disclosure provided in Note 2.3 below.

Refer existing disclosure in SID The following shall be added under “Investment Restrictions”:

• Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs): Please refer disclosure provided in Note 3.2 below

Benchmark S&P BSE Sensex and MSCI India Value MSCI India ValueAsset Allocation Pattern

Investment Strategy

Risk Factors



Product Label


8. Franklin India High Growth Companies Fund Particulars Current features Proposed featuresName of scheme Franklin India High Growth Companies Fund Franklin India Focused Equity FundType of Scheme Open-end diversified equity fund An open ended equity scheme investing in maximum 30 stocks. The scheme intends to focus on Multi-cap

space Investment Objective FIHGCF is an open-end diversified equity fund that seeks to achieve capital appreciation through An open-end focused equity fund that seeks to achieve capital appreciation through investing

investments in Indian companies/sectors with high growth rates or potential predominantly in Indian companies/sectors with high growth rates or potential.Asset Allocation Under normal market circumstances, the investment range would be as follows: Under normal market circumstances, the investment range would be as follows:

9. Franklin India Technology Fund

Particulars Current Features Proposed FeaturesType of Scheme Open – end Growth Scheme An open ended equity scheme following Technology themeAsset Allocation Under normal market circumstances, the investment range would be as follows: Under normal market circumstances, the investment range would be as follows:

Risk Factors


10. Franklin Build India Fund

Particulars Current Features Proposed FeaturesType of Scheme Open – end Equity Fund An open ended equity scheme following Infrastructure themeBenchmark Nifty 500 S&P BSE India Infrastructure Index

Under normal market circumstances, the investment range would be as follows:



A maximum of 50% of net assets may be deployed in securities lending and the maximum single party exposure will be restricted to 10% of net assets outstanding at any point of time.

A maximum of 10% of net assets may be deployed in REITs and InvITs and the maximum single issuer exposure may be restricted to 5% of net assets or upto the limits permitted by SEBI from time to time


Type of Security % of Corpus # (Indicative) Risk ProfileEquity & Equity linked securities 85 Medium to highDebt securities/ Money Market Instruments 15 Low to MediumTotal 100

Note: Debt includes Securities Debt

# including investments in Foreign Securities as may be permitted by SEBI/RBI upto the limit specified for applicable asset class in the asset allocation table above.


The stock selection would generally be based on constructing a diversified portfolio generally of large capitalised and/or liquid stocks.

Methodology adopted by the fund is based on long term, bottom-up value investing approach. The fund invests in stocks that trade at discounts to their intrinsic value held with a long-term view, leading to low portfolio valuations and low portfolio turnover. Fund manager identifies value through rigorous fundamental analysis, proprietary screens and a worldwide network of experienced research resources. Research is done on a company-by-company basis to determine what we consider its economic worth to be based on projected future earnings, cash flow, asset value potential, and material environmental, social and governance (ESG) factors.



• A fund that invests predominantly in large cap stocks-a value fund



• An equity fund that follows value investment strategy

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It is expected that around 85% of the corpus of the Scheme will be invested in Equity and Equity related instruments. The balance portion will be invested in Debt Securities such as non-convertible portion of Convertible Debentures (Khokas), Non-Convertible Debentures, Secured Premium Notes, Zero Interest Bonds / Notes, Commercial Papers and Money Market Instruments, Short Term Debt Instruments, etc. issued by various Corporates, Government-State or Central, Public Sector undertakings and all other instruments as may be permitted by SEBI from time to time. This is for providing liquidity, preservation of capital and for giving recurring income to the fund. The Investment Manager may invest in Debt Securities when it is perceived that such investments present an opportunity for achieving the Scheme’s investment objectives, provided that the Debt Securities are rated as investment grade by a credit rating agency. In case of investments in Debt Securities that are not rated, prior approval of the Board of Directors of Investment Manager or a committee appointed by the Board of Directors of the AMC and Trustee Company will be taken. Investment in money market instruments will be in accordance with SEBI / RBI Regulations.

The scheme will purchase securities in public offerings and rights issues, as well as those traded in the secondary markets. The scheme may also invest in securities sold directly by the issuer or acquired in a negotiated transaction. The moneys collected under this scheme shall be invested only in transferable securities.

Under normal circumstances, the asset allocation under the scheme will be as follows:

Instruments % of Net Assets# Risk ProfileEquity and Equity related instruments 65%-100% Medium to highDebt Securities, Money Market Instruments, 0%-35% Low to MediumReal Estate Investment Trusts (REIT)/ Infrastructure Investment Trust (InvIT) and Cash*

The stock selection would generally be based on constructing a diversified portfolio generally of large capitalised and/or liquid stocks. In general, the methodology adopted by TIGF is based on the bottom up value investing approach.

The following shall be added under Risk factors:

• Risks associated with Derivatives: Please refer disclosure provided in Note 1.2 below.

• Risks associated with Investments in REITs and InvITs: Please refer disclosure provided in Note 1.5 below.

Refer existing disclosure in SID under Section “Risk factors”

The following shall be added under “Where will the Scheme invest?”

• Investment in Derivative: Please refer disclosure provided in Note 2.1 below.


Refer existing disclosure in SID

The following shall be added under “Investment Restrictions”:



Instruments Risk Profile % of Net Assets#Equities and Equity Linked instruments Medium to High 70% - 100%Debt securities* and Money Market Instruments Low to Medium 0% - 30%

Instruments Risk Profile % of Net Assets#Equities and Equity Linked instruments Medium to High 65% - 100%Debt securities* and Money Market Instruments Low to Medium 0% - 35%













Instruments Risk Profile % of AssetsEquity/Equity related instruments High-Medium 65-100%Money Market instruments Low 0-35%

Instruments Risk Profile % of Assets#Equity/Equity related instruments of technology and technology related companies High-Medium 80-100%Debt & Money Market instruments* Low 0-20%The Scheme may invest up to a maximum of 35% of its corpus in overseas securities.

If permitted by SEBI under extant regulations/guidelines, the Scheme may engage in short selling of securities and scrip lending as provided under Securities Lending Scheme 1997, and other applicable guidelines/regulations, as amended from time to time. A maximum of 20% of net assets may be deployed in securities lending and the maximum single counter party exposure may be restricted to 5% of net assets outstanding at any point of time.

The Scheme will not invest in derivatives and securitized debt.


The asset allocation pattern described above may alter from time to time on a short-term basis on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors and would, in such cases, shall be rebalanced within 30 days from date of deviation. However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.


If permitted by SEBI under extant regulations/guidelines, the Scheme may engage in short selling of securities and scrip lending as provided under Securities Lending Scheme 1997, and other applicable guidelines/regulations, as amended from time to time. A maximum of 20% of net assets may be deployed in securities lending and the maximum single counter party exposure may be restricted to 5% of net assets outstanding at any point of time.




The asset allocation pattern described above may alter from time to time on a short-term basis on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors and would, in such cases, shall be rebalanced within 30 days from date of deviation. However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.


• Risks Factor associated with Derivatives: Please refer disclosure provided in Note 1.2 below.

• Risk Factors associated with Securitised Debt: Please refer disclosure provided in Note 1.6 below.




• Investments in Securitised Debt: Please refer disclosure provided in Note 2.5 below.


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11. Franklin Asian Equity Fund

Particulars Current features Proposed featuresType of scheme Open-end Diversified Equity Fund An open ended equity scheme following Asian (excluding Japan) equity themeAsset Allocation Under normal market circumstances, the investment range would be as follows: Under normal market circumstances, the investment range would be as follows:

12. Franklin India Opportunities Fund

Particulars Current features Proposed featuresType of scheme Open-end diversified scheme An open ended equity scheme following special situations theme Investment Objective To generate capital appreciation by capitalizing on the long-term growth opportunities in the To generate capital appreciation by investing in opportunities presented by special situations such as

Indian economy. corporate restructuring, Government policy and/or regulatory changes, companies going through temporary unique challenges and other similar instances.

Benchmark Index S&P BSE 200 Nifty 500Asset Allocation Under normal market circumstances, the investment range would be as follows: Under normal market circumstances, the investment range would be as follows:

Investment Strategy

Product Positioning

Product Label


13. Franklin India Ultra Short Bond Fund

Particulars Current features Proposed featuresType of Scheme Open – end Income Fund An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration

of the portfolio is between 3 months to 6 months (please refer to Note 4)Asset Allocation Under normal market circumstances, the investment range would be as follows: Under normal market circumstances, the investment range would be as follows:

#Instruments Risk Profile As % of Net Assets (Min. – Max.)

Equities and Equity Linked instruments Medium to High 70% - 100%- Infrastructure-related companies 65% - 100%- Other companies 0% - 35%Debt securities* and Money Market Instruments Low to Medium 0% - 30%

Instruments Risk Profile As % of Net Assets #(Min. – Max.)

Equities and Equity Linked instruments Medium to High 80% - 100%- Infrastructure-related companies 80% - 100%- Other companies 0% - 20%Debt securities* and Money Market Instruments Low to Medium 0% - 20%


*including government securities and securitised debt up to 30%

The Scheme would primarily invest in equities and equity related instruments of companies which are engaged either directly or indirectly in infrastructure-related activities.






* including government securities and securitised debt up to 20%

The Scheme would primarily invest in equities and equity related instruments of companies which are engaged either directly or indirectly in infrastructure-related activities.






Equities and Equity Linked instruments Medium to High 70% - 100%- Domestic securities 0% - 40%- Foreign Securities@ 50% - 100%Domestic Debt securities* and Money Market Instruments Low to Medium 0% - 30%


Equities and Equity Linked instruments Medium to High 80% - 100%- Domestic securities 0% - 20%- Foreign Securities@ 80% - 100%Domestic Debt securities* and Money Market Instruments Low to Medium 0% - 20%

@ including investments in units/securities of overseas mutual funds/unit trusts and such other foreign securities/ instruments as may be permitted by SEBI/RBI upto the limit specified for applicable asset class in the asset allocation table above.



The scheme would predominantly invest in Foreign Securities of Asian companies (excluding Japan) and other companies that are benefiting from growth in Asian economies.





@ including investments in units/securities of overseas mutual funds/unit trusts and such other foreign securities/ instruments as may be permitted by SEBI/RBI upto the limit specified for applicable asset class in the asset allocation table above.


*including securitised debt up to 20%

The scheme would predominantly invest in Foreign Securities of Asian companies (excluding Japan) and other companies that are benefiting from growth in Asian economies.





#Instruments Risk Profile % of corpusEquities Medium to high Up to 100%Money Market instruments Low to Medium Up to 35%

Instruments Risk Profile % of Net Assets#Equity and equity related instruments of special situations theme Medium to high 80- 100Money Market instruments Low to Medium 0-20#including investments in Foreign Securities as may be permitted by SEBI/RBI upto the limit specified

for applicable asset class in the asset allocation table above.

Under normal circumstances at least 65% of the scheme’s assets will be invested in equities. Upon defensive consideration the AMC may reduce the allocation to below 65% and correspondingly increase allocation to money market instruments.






The scheme follows a blend of value and growth style of investing. The fund will follow a bottom-up approach to stock-picking. The scheme will invest in stocks with an emphasis on opportunities presented by special situations such as corporate restructuring, Government policy and/or regulatory changes, companies going through temporary unique challenges and other similar instances.



• A fund that takes concentrated stock or sector exposures based on four themes



• A fund that takes stock or sector exposures based on special situations theme

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The scheme follows a blend of value and growth style of investing. The fund will follow a bottom-up approach to stock-picking. The scheme will invest in a broad range of stocks without any limitation either qualitative or quantitative and across market capitalization. The scheme takes concentrated stock exposure based on four themes – (a) Companies that operate in the space where India has a strong advantage (b) Globally competitive Indian companies that have the potential to participate in global opportunities as well (c) Companies that are undervalued (d) Companies that are best positioned to take advantage of the opportunities thrown up by the growing domestic economy.

An equity fund with an emphasis on special situations.An equity fund with an emphasis on opportunities presented by special situations such as corporate restructuring, Government policy and/or regulatory changes, companies going through temporary unique challenges and other similar instances.

Instruments Risk Profile As % of Net Assets(Min. – Max.)

Debt securities* with maturity up to 12 months and Money Market Instruments Low to Medium 70% - 100%Debt securities* with maturity over 12 months Low to Medium 0% - 30%

#Instruments Risk Profile As % of Net Assets(Min. – Max.)

Debt securities*, Real Estate Investment Trusts (REIT)/ Infrastructure Investment Trust (InvIT) and Money Market Instruments Low to Medium Up to 100%

* including Government Securities and Securitised Debt up to 100%, exposure in derivatives up to a maximum of 50%, investments in Foreign Securities as may be permitted by SEBI/RBI up to 50% of the net assets of the scheme.


It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the Investment Manager, the intention being at all times to seek to protect the interests of the Unit holders. The asset allocation pattern described above may alter from time to time on a short-term basis on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors (i.e., for reasons other than downgrade in rating)

* including Government Securities upto 100%, Securitised Debt up to 50%

#The Scheme may have exposure in the following:

1. Foreign securities as may be permitted by SEBI/RBI upto 50% of net assets

2. Derivatives up to a maximum of 50% of net assets. Investment in derivatives including imperfect hedging using Interest Rate Futures shall be in line with the guidelines prescribed by SEBI from time to time. The exposure limit per scrip/instrument shall be to the extent permitted by the SEBI Regulation for the time being in force. These limits will be reviewed by the AMC from time to time.

3. Repos in corporate debt securities

4. Short Selling

5. Securities Lending - A maximum of 40% of net assets may be deployed in securities lending and the maximum single party exposure may be restricted to 10% of net assets outstanding at any point of time.

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14. Franklin India Low Duration FundParticulars Current features Proposed featuresType of scheme Open – end Income Fund An open ended low duration debt scheme investing in instruments such that the Macaulay duration

of the portfolio is between 6 months to 12 months (please refer to Note 4) Investment Objective The objective of the Scheme is to earn regular income for investors through investment primarily in The objective of the Scheme is to earn regular income for investors through investment primarily

highly rated debt securities. in debt securitiesAsset Allocation Under normal market circumstances, the investment range would be as follows: Under normal market circumstances, the investment range would be as follows:

Risk Factors



Product Label


15. Franklin India Savings Plus Fund

Particulars Current features Proposed featuresName of scheme Franklin India Savings Plus Fund Franklin India Savings FundType of scheme Open – end Income Fund An open ended debt scheme investing in money market instrumentsInvestment Objective


and would, in such cases, shall be rebalanced within 30 days from date of deviation. However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.

6. REITs and InvITs - A maximum of 10% of net assets may be deployed in REITs and InvITs and the maximum single issuer exposure may be restricted to 5% of net assets or upto the limits permitted by SEBI from time to time.

The Scheme will generally invest in instruments such that the Macaulay duration of the portfolio is between 3-6 months.It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the Investment Manager, the intention being at all times to seek to protect the interests of the Unit holders. The asset allocation pattern described above may alter from time to time on a short-term basis on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors (i.e., for reasons other than downgrade in rating) and would, in such cases, shall be rebalanced within 30 days from date of deviation. However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.

A fixed income fund investing in short term debt and money market instruments, while generally keeping portfolio duration between 3-6 months.

A fixed income fund investing in short term debt and money market instruments.


• Risks Factor associated with Imperfect Hedging Using Interest Rate Futures: Please refer disclosure provided in Note 1.3 below.

• Risk factors associated with participation in repo transactions in Corporate Debt Securities: Please refer disclosure provided in Note 1.4 below.

• Risk Factors associated with Investments in REITs and InvITs: Please refer disclosure provided in Note 1.5 below.



• Disclosure provided in Note 2.1.4 below on Interest Rate Futures shall be added under the existing section on “Investment in Derivative”


• Investments in repo of corporate debt securities: Please refer disclosure provided in Note 2.4 below.






Instruments Risk Profile % of Net Assets #Debt including Corporate Debt, PSU Bonds, Gilts and Securitised Debt Low to Medium 10% - 80%Money Market Instruments Low 20% - 90%

Instruments Risk Profile % of Net Assets #Debt* including Corporate Debt, PSU Bonds, Gilts, Real Estate Investment Trusts (REIT)/ Infrastructure Investment Trust (InvIT) and Securitised Debt Low to Medium 10% - 80%Money Market Instruments Low 20% - 90%




*Including Securitised Debt up to 50%





4. Short Selling



The Scheme will generally invest in instruments such that the Macaulay duration of the portfolio is between 6-12 months.



•Regular income for short term

•An income fund focusing on low duration securities



•A fund that focuses on low duration securities














To provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market instruments.


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Instruments % of Net Assets # Risk ProfileFixed Rate debt instruments: 0-35% Low to Medium• Money market instruments (including

Cps, CDs, treasury bills, bill rediscounting, gilts less than 1 year, Repos/Reverse Repos or any other instrument permitted by RBI/SEBI)

• Non-Money market instruments (including bonds & debentures of over 182 days to maturity issued by corporates or PSUs, gilts, securitised debt*, fixed deposits or any other instrument permitted by RBI/SEBI)

Floating Rate debt instruments**: 65-100% Low to Medium• Money market instruments with residual

maturity of upto 182 days (Money at call, CPs, CDs, bill rediscounting, or any other instrument permitted by RBI/SEBI)

• Non-Money market instruments (including floating rate bonds & debentures issued by corporates or PSUs, floating rate gilts, inverse floaters, floating rate bank deposits, floating rate securitised debt*, fixed rate debentures/bonds with swap, mibor linked debentures or any other instrument permitted by RBI/SEBI, fixed rate bonds & debentures with residual maturity of upto 182 days issued by corporates or PSUs, gilts, securitised debt*)

Instruments As % of Net Assets Risk ProfileMoney Market Instruments as may be defined by SEBI/ RBI from time to time and Cash 100% Low to Medium

The Primary objective of the Scheme is to provide income consistent with the prudent risk from a portfolio comprising substantially of floating rate debt instruments, fixed rate debt instruments swapped for floating rate return, and also fixed rate instruments and money market instruments.


It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the Investment Manager, the intention being at all times to seek to protect the interests of the Unit holders. The asset allocation pattern described above may alter from time to time on a short-term basis on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors (i.e., for reasons other than downgrade in rating) and would, in such cases, shall be rebalanced within 30 days from the date of deviation. However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.

Product Positioning

Product Label


16. Franklin India Income Opportunities Fund

Particulars Current features Proposed featuresType of scheme An open ended income fund An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the

portfolio is between 3 years to 4 years (please refer to Note 4)Asset Allocation Under normal market circumstances, the investment range would be as follows: Under normal market circumstances, the investment range would be as follows:

Risk Factors



Product Label


17. Franklin India Income Builder Account

Particulars Current features Proposed featuresName of scheme Franklin India Income Builder Account Franklin India Corporate Debt FundType of scheme Open – end Income Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bondsInvestment Objective

Benchmark Index Crisil Composite Bond Fund Index Crisil Short Term Bond Fund IndexAsset Allocation Under normal market circumstances, the investment range would be as follows: Under normal market circumstances, the investment range would be as follows:

*Investment in securitised debts (including floating securitisation) will not, normally, exceed 35% of the net assets of the scheme.

** Floating rate debt instruments include fixed rate instruments swapped for floating rate returns



It is clarified that this scheme is not a money market mutual fund scheme.

The above allocation pattern would be applicable under normal circumstances and generally the allocation would not be allowed to rise beyond these levels unless the markets are extremely turbulent and there is a need to protect the unitholders’ interest by reallocating the portfolio. In other words, the scheme would be maintaining the above ratio diligently which the investor can assume would be the steady state allocation strategy.


Invests in money market instruments with high liquidity and low to moderate credit risk.An income fund which endeavours to invest at the short end of the yield curve by primarily investing in money market and other fixed income instruments with high credit rating.


• Regular income for short term

• A fund that invests primarily in floating and short term fixed rate debt instruments



•A money market fund that invests in money market instruments

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Instruments Risk Profile % of Net Assets #Government Securities and/or securities Low Upto 100%unconditionally guaranteed by the Central/State Government for repayment of principal and interest Debt securities issued by Public Sector Low to Medium Upto 100%Undertakings (PSU) Debt securities issued by private sector Low to Medium Upto 100%corporate including banks and financial institutions Securitised Debt Low to Medium Upto 100%Money Market Instruments and securities Low Upto 100%held under reverse repos

#Instruments Risk Profile % of Net Assets Government Securities and/or securities Low 0-100unconditionally guaranteed by the Central/State Government for repayment of principal and interest Debt securities issued by Public Sector Low to Medium 0-100Undertakings (PSU) Debt securities issued by private sector Low to Medium 0-100corporate including banks and financial institutions, units of Real Estate Investment Trusts (REIT)/ Infrastructure Investment Trust (InvIT) Securitised Debt Low to Medium 0-100Money Market Instruments and securities held Low 0-100under reverse repos#The Scheme may have exposure in the following:




4. Short Selling



The Macaulay duration of the portfolio shall be between 3 years – 4 years. However, the fund manager, in the interest of investors, may reduce the portfolio duration upto 1 year, in case he has a view on interest rate movements in light of anticipated adverse situation. Portfolio Macaulay duration under anticipated adverse situation shall be 1 year to 4 years.


It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the Investment Manager, the intention being at all times to seek to protect the interests of the Unit holders. The asset allocation pattern described above may alter from time to time on a short-term basis, on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors (i.e., for reasons other than downgrade in rating) and would, in such cases, shall be rebalanced within 30 days from date of deviation. However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.

# including investments in Foreign Securities as may be permitted by SEBI/RBI up to 50% of the net assets of the scheme, exposure in derivatives up to a maximum of 50%.












• Investments in repo of corporate debt securities: Please refer disclosure provided in Note 2.4 below







• Medium term capital appreciation with current income

• A fund that invests across the yield curve - focusing on high accrual securities



• A fund that focuses on high accrual securities

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The investment objective of the Scheme is primarily to provide investors Regular income and Capital appreciation.

The investment objective of the Scheme is primarily to provide investors Regular income under the Dividend Plan and Capital appreciation under the Growth Plan

It is a scheme designed for investors seeking regular returns in the form of dividends or capital appreciation. Investing in quality bonds and debentures, the scheme has an active management style that emphasizes quality of debt, tapping opportunities from interest rate changes and deriving maximum value by targeting undervalued sectors.

Instruments Risk Profile % of Net Assets #Debentures* (Investment grade, privately Medium to Low Upto 100%placed etc.), Bonds issued by Public Sector Units and other Fixed Income InstrumentsMoney Market Instruments Low Upto 20%Shares High to Medium Upto 20%

Instruments Risk Profile % of Net Assets #

Corporate Debt* Low to Medium 80- 100Government Securities, Debt, Real Estate Low to Medium 0- 20Investment Trusts (REIT)/ Infrastructure Investment Trust (InvIT) and Money Market Instruments* Investment will be in AA+ and above rated corporate debt as provided by any SEBI recognised Rating Agency

at the time of investment.#The Scheme may have exposure in the following:1. Securitised Debt up to 50% of net assets2. Foreign securities as may be permitted by SEBI/RBI upto 50% of net assets3. Derivatives up to a maximum of 50% of net assets. Investment in derivatives including imperfect hedging

using Interest Rate Futures shall be in line with the guidelines prescribed by SEBI from time to time. The




Product Positioning

Risk Factors



Product Label


18. Franklin India Corporate Bond Opportunities Fund

Particulars Current features Proposed featuresName of scheme Franklin India Corporate Bond Opportunities Fund Franklin India Credit Risk FundType of scheme Open-end Income Fund An open ended debt scheme primarily investing in AA and below rated corporate bonds (excluding AA+

rated corporate bonds)Asset Allocation Under normal market circumstances, the investment range would be as follows: Under normal market circumstances, the investment range would be as follows:

Risk Factors



Product Positioning


19. Franklin India Banking and PSU Debt Fund

Particulars Current features Proposed featuresType of scheme Open-end Income Fund An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector

Undertakings, Public Financial Institutions and Municipal Bonds

Investment Objective


exposure limit per scrip/instrument shall be to the extent permitted by the SEBI Regulation for the time being in force. These limits will be reviewed by the AMC from time to time.

4. Repos in corporate debt securities5. Short Selling6. Securities Lending - A maximum of 40% of net assets may be deployed in securities lending and the

maximum single party exposure may be restricted to 10% of net assets outstanding at any point of time.7. REITs and InvITs - A maximum of 10% of net assets may be deployed in REITs and InvITs and the maximum

single issuer exposure may be restricted to 5% of net assets or upto the limits permitted by SEBI from time to time.



A corporate bond fund that primarily focuses on income generation along with some capital gains.An income fund that primarily focuses on duration with a potential for higher accrual gains.













• A long bond fund – focuses on Corporate/PSU Bonds.


•Medium term capital appreciation with current income

•A bond fund – focuses on AA+ and above rated Corporate/PSU Bonds.

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Debt & money market securities issued by Low to Medium 65% - 100%private sector corporate and Public Sector Undertakings including banks, financial institutions, Non-Banking Financial Companies*CBLO and T-Bills Low 0% - 35%

Instruments Risk Profile As % of Net Assets#(Min. – Max.)

Debt securities issued by private sector, Low to Medium 65% - 100%corporate and Public Sector Undertakings including banks, financial institutions, Non-Banking Financial Companies*Government Securities, Debt, Money market Low 0% - 35%securities, Real Estate Investment Trusts (REIT)/ Infrastructure Investment Trust (InvIT), CBLO and T-Bills* Investment will be in securities rated AA and below by any SEBI recognised Rating Agency at the time of investment (excludes AA+ rated corporate bonds).


1. Securitised Debt up to 50% of net assets




5. Short Selling



The scheme does not intend to invest in such debt securities that may have a coupon or payout linked to the performance of an equity/equity index as an underlying (popularly known as ‘equity linked debentures’). It is clarified that the scheme may invest in Treasury Bills (T-Bills) up to the extent mentioned above.


It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the Investment Manager, the intention being at all times to seek to protect the interests of the Unit holders. The asset allocation pattern described above may alter from time to time on a short-term basis, on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors and would generally be rebalanced in about one month from date of deviation. However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.


The scheme does not intend to invest in Government Securities and in such debt securities that may have a coupon or payout linked to the performance of an equity/equity index as an underlying (popularly known as ‘equity linked debentures’). It is clarified that the scheme may invest in Treasury Bills (T-Bills) up to the extent mentioned above.

The Scheme may invest in derivatives up to a maximum of 50% of its net assets. The cumulative gross exposure through debt and derivative positions should not exceed 100% of the net assets of the Scheme.

The Scheme may invest in Foreign Securities up to 50% of the net assets of the scheme.


It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the Investment Manager, the intention being at all times to seek to protect the interests of the Unit holders. The asset allocation pattern described above may alter from time to time on a short-term basis, on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors and would generally be rebalanced in about one month from date of deviation. However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.

Refer existing disclosure in SID under Section “Risk factors” The following shall be added under Risk factors:











• Investments in repo of corporate debt securities: Please refer disclosure provided in Note 3.3 below



• Medium to long term capital appreciation with current income

• A bond fund focusing on corporate securities


• Medium to long term capital appreciation with current income

• A bond fund focusing on AA and below rated corporate bonds (excluding

AA+ rated corporate bonds)

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A fixed income fund that seeks to maximize portfolio yield by primarily investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds).

A fixed income fund that invests predominantly in corporate bonds while maintaining an average maturity of upto 3 years.

The fund seeks to provide regular income through a portfolio of debt and money market instruments consisting predominantly of securities issued by entities such as Banks and Public Sector Undertakings (PSUs). However, there is no assurance or guarantee that the objective of the scheme will be achieved.

The fund seeks to provide regular income through a portfolio of debt and money market instruments consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs) and Municipal bonds. However, there is no assurance or guarantee that the objective of the scheme will be achieved.

Product Positioning

Risk Factors



Product Label


20. Franklin India Government Securities Fund – Long Term PlanParticulars Current features Proposed featuresName Franklin India Government Securities Fund – Long Term Plan Franklin India Government Securities FundType of scheme Open – end dedicated Gilts Scheme An open ended debt scheme investing in government securities across maturityInvestment Objective


Risk Factors



21. Franklin India Cash Management Account

Particulars Current features Proposed featuresName of scheme Franklin India Cash Management Account Franklin India Floating Rate FundType of scheme An Open – end Liquid Fund An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate

instruments converted to floating rate exposures using swaps/ derivatives) Investment Objective To provide income and liquidity consistent with the prudent risk from a portfolio comprising of To provide income and liquidity consistent with the prudent risk from a portfolio comprising of floating rate

return, and also fixed rate money market and debt instruments.debt instruments, fixed rate debt instruments swapped for floating rate instruments and money market instruments.


Debt and Money Market Instruments issued Low to Medium 80% - 100%by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) Debt* and Money Market Instruments Low 0% - 20%issued by other entities; Gilt Securities and State Development Loans (SDLs)

Instruments Risk Profile As % of Net Assets(Min. – Max.)#

Debt and Money Market Instruments issued by Low to Medium 80% - 100% Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds Debt and Money Market Instruments issued by Low 0% - 20%other entities; Gilt Securities and State Development Loans (SDLs) and Real Estate Investment Trusts (REIT)/ Infrastructure Investment Trust (InvIT)# Securitised Debt up to 50%, investments in Foreign Securities as may be permitted by SEBI/RBI upto 50% of

the net assets of the scheme.

• A maximum of 10% of net assets may be deployed in REITs and InvITs and the maximum single issuer exposure may be restricted to 5% of net assets or upto the limits permitted by SEBI from time to time

• The Scheme may invest in derivatives of fixed income instruments up to a maximum of 50% of its net assets. The Scheme may also take imperfect hedging positions using Interest Rate Futures. The cumulative gross exposure through debt and derivative positions should not exceed 100% of the net assets of the Scheme.

• The scheme participate in repo in corporate debt securities.






• The Scheme may invest in derivatives of fixed income instruments up to a maximum of 50% of its net assets. The cumulative gross exposure through debt and derivative positions should not exceed 100% of the net assets of the Scheme.

• The scheme shall not invest in foreign securities.

• The scheme shall not participate in repo in corporate debt securities.





A fixed income fund that invests predominantly in debt and money market instruments issued by Banks, PSUs, PFIs and Municipal bonds.

An income fund that invests predominantly in debt and money market instruments issued by Banks, Public Sector Undertakings and Public Financial Institutions


• Risks associated with overseas investment: Please refer disclosure provided in Note 1.1 below.






• Investment in Foreign Securities: Please refer disclosure provided in Note 2.2 below.






• Regular income for Medium term capital appreciation with current income

• An income fund that invests predominantly in debt and money market instruments issued by Banks and Public Sector Undertakings.


•Regular income for Medium term capital appreciation with current income

•An income fund that invests predominantly in debt and money market instruments issued by Banks, PSUs, PFIs and Municipal Bonds.

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• Foreign Securities: Please refer disclosure provided in Note 3.1 below.




The Primary objective of the Scheme is to generate credit risk-free return through investments in sovereign securities issued by the Central Government and / or a State Government and / or any security unconditionally guaranteed by the central Government and / or State Government for repayment of Principal and Interest.

The primary objective of the Scheme is to generate return through investments in sovereign securities issued by the Central Government and / or a State Government and / or any security unconditionally guaranteed by the central Government and / or State Government for repayment of Principal and Interest.

Instruments Risk Profile % of Net Assets #Securities issued by the Central/State Government and/or securities unconditionally guaranteed by the Central/State Low 70% - 100%Money Market Instruments and securities Very Low 30% held under reverse repos

Instruments Risk Profile % of Net Assets #Securities issued by the Central/State Low 80% - 100%Government and/or securities unconditionally guaranteed by the Central/State Debt & Money Market Instruments Very Low 0-20%#The Scheme may have exposure in the following:





5. Short Selling








• Risk Factors associated with Securitised Debt: Please refer disclosure provided in Note 1.6 below.


In normal circumstances, the average maturity of the securities in the Long Term Plan will be over 3 years.

However, in the interest of investors, these asset allocation / maturity profiles may be altered at the discretion of the AMC.

The schemes may enter into derivatives in line with the guidelines prescribed by SEBI from time to time. The scheme may take exposure in derivatives up to a maximum of 50% of its AUM. The exposure limit per scrip/instrument shall be to the extent permitted by the SEBI Regulation for the time being in force. These limits will be reviewed by the AMC from time to time.







• Investments in Securitised Debt: Please refer disclosure provided in Note 2.5 below.







Investment Strategy

Cut-off timing provisions and NAV applicability

Risk Factors



Product Positioning

Product Label


22. Franklin India Monthly Income PlanParticulars Current features Proposed featuresName of scheme Franklin India Monthly Income Plan Franklin India Debt Hybrid FundType of scheme Open – end Income Scheme An open ended hybrid scheme investing predominantly in debt instrumentsInvestment Objective To provide regular income through a portfolio of predominantly high quality fixed income securities To provide regular income through a portfolio of predominantly fixed income securities with a maximum

with a maximum exposure of 20% to equities. exposure of 25% to equities.Asset Allocation Under normal market circumstances, the investment range would be as follows: Under normal market circumstances, the investment range would be as follows:

Risk Factors

Instruments As % of Net Assets Risk Profile(Min. – Max.)

Money Market Instruments & Cash & Deposits (including- money at Call, mibor, linked instruments and Fixed Deposits) 65% - 100% Low to MediumDebt including Corporate Debt, PSU 0% - 35% Low to Medium Bonds, Gilts and Securitised debt.

Instruments As % of Net Assets# Risk ProfileMin- Max

Floating Rate debt instruments (including fixed 65-100% Low to Mediumrate instruments converted to floating rate exposures using swaps/ derivatives)Debt (other than floating rate instruments), 0-35% Low to MediumMoney market instruments and Real Estate Investment Trusts (REIT)/ Infrastructure Investment Trust (InvIT)






5. Short Selling




It is the intention of the Fund that the investments in securitised debts will not, normally, exceed 35% of the corpus of the scheme.



Invests in floating rate instruments and other debt & money market instruments with an aim to minimise the risk arising from interest rate fluctuations.

Invests in short term debt and money market instruments, with high liquidity and low credit risk as its main objectives.

For Purchase transaction/ Switch-ins

1. Amount of Rs.2 lakhs and above:

• Closing NAV of the same day on which application is received if:

• valid applications received up to 3.00 p.m, by the Mutual Fund along with a local cheque or a demand draft payable at par at the place where the application is received and

Ø the subscription amount is credited to the bank account of the scheme before 3.00 p.m. and

Ø the subscription amount is available for utilisation before 3.00 pm.

If any of the above condition is not satisfied on the date of receipt of application, application will be processed at the closing NAV of the same day on which all the above conditions are satisfied.

2. Amount is less than Rs.2 lakhs:

• In respect of valid applications received up to 3.00 p.m, by the Mutual Fund along with a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the day on which application is received shall be applicable.

• In respect of valid applications received after 3.00 p.m, by the Mutual Fund along with a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the next business day shall be applicable.

Redemption/ Switch-outs:

In respect of valid applications received up to the cut-off time by the Mutual Fund, same day’s closing NAV shall be applicable. In respect of valid applications received after the cut off time by the Mutual Fund, the closing NAV of the next business day shall be applicable.

For Purchase transaction

• Valid Applications received at the designated official point of acceptance up to cut-off time of 2.00 p.m. and the entire subscription amount credited to bank account of respective Liquid scheme/ money market fund before the cut-off time of 2.00 p.m. i.e. the subscription amount shall be available for utilisation before cut-off time - The closing NAV of the business day immediately preceding the day of receipt of the application shall be applicable.

• Valid Applications received at the designated official point of acceptance post cut-off time of 2.00 p.m. and the entire subscription amount credited to bank account of respective Liquid scheme/ money market fund on the day of receipt of application i.e. the subscription amount shall be available for utilisation on the same day as day of receipt of application - The closing NAV of the business day immediately preceding the next business day shall be applicable.

• Irrespective of the time of receipt of valid application at the designated official point of acceptance and the entire subscription amount is not credited to respective Liquid scheme/ money market fund account. i.e. the subscription amount is not available for utilisation before the cut-off time - The closing NAV of the day immediately preceding the business day on which the funds are available for utilisation shall be applicable.

For Switch Ins:

a) Application for switch-in is received before the applicable cutoff time i.e. 2.00 p.m.

b) Funds for the entire amount of subscription/purchase as per the switch-in request are credited to the bank account of the switch-in Scheme before 2.00 p.m.

c) The funds are available for ultilisation before 2.00 p.m, by the switch-in Scheme.

Redemption/ Switch-outs:

Applicable NAV in respect of valid applications received up to 3:00 p.m., by the Mutual Fund, is a closing NAV of the day immediately preceding the next business day. In respect of valid applications received after 3:00 p.m. by the Mutual Fund, is closing NAV of the next business day.





• Risk Factors associated with floating rate debt instruments or fixed rate debt instruments swapped for floating rate return: Please refer disclosure provided in Note 1.7 below.



• Regular income for short term

• A liquid fund that invests in short term and money market instruments



•A fund that invests primarily in floating rate and short term fixed rate debt instruments

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Invests in floating rate instruments, debt and money market instruments.Invests in money market and short term instruments.

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Instruments As % of corpus# Risk ProfileFixed Income instruments* including cash Up to 100% Low to Mediumand money market instrumentsEquities Up to 20% Medium to High

Instruments Risk Profile % of Net Assets#Fixed Income instruments* including Real Low to Medium 75%-90%Estate Investment Trusts (REIT)/ Infrastructure Investment Trust (InvIT), cash and money market instrumentsEquity and equity related instruments Medium to High 10%-25%

*Securitised Debt up to 50%





4. Short Selling





*includes securitised debt up to 40%

#including investments in Foreign Securities as may be permitted by SEBI/RBI.




The following shall be added under Risk factors:• Risks Factor associated with Imperfect Hedging Using Interest Rate Futures: Please refer disclosure

provided in Note 1.3 below.• Risk factors associated with participation in repo transactions in Corporate Debt Securities: Please

refer disclosure provided in Note 1.4 below.• Risk Factors associated with Investments in REITs and InvITs: Please refer disclosure provided in

Note 1.5 below.




Product Label


23. Franklin India Balanced Fund

Particulars Current features Proposed featuresName of scheme Franklin India Balanced Fund Franklin India Equity Hybrid FundType of scheme Open – end Balanced Fund An open ended hybrid scheme investing predominantly in equity and equity related instrumentsAsset Allocation Under normal circumstances, the investment range would be as follows: Under normal circumstances, the investment range would be as follows:

Investment Strategy

Risk Factors



Product Label


24. Franklin India Feeder- Franklin U. S. Opportunities Fund

Particulars Current features Proposed featuresType of scheme Open – End Fund of Funds scheme investing overseas An open ended fund of fund scheme investing in units of Franklin U. S. Opportunities FundAsset Allocation Under normal market circumstances, the investment range would be as follows: Under normal market circumstances, the investment range would be as follows:

Other Changes with effect from June 4, 2018:

Type of change Current Proposed












• An MIP investing predominantly in debt instruments with marginal equity exposure


•Medium term capital appreciation with current income

•A fund that invests predominantly in debt instruments with marginal equity exposure

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Instruments Risk Profile % of AssetsEquity and Equity related securities Medium to High 50% - 75%Fixed Income* and Money market instruments Low 25% - 50%

Instruments Risk Profile % of Assets#Equity and Equity related securities Medium to High 65%-80%Fixed Income* and Money market instruments Low 20%-35%and Real Estate Investment Trusts (REIT)/ Infrastructure Investment Trust (InvIT)* including securitised debt up to a maximum limit of 35% of the scheme’s corpus.





4. Short Selling


6. REITs and InvITs - A maximum of 10% of net assets may be deployed in REITs and InvITs and the maximum single issuer exposure may be restricted to 5% of net assets or upto the limits permitted by SEBI from time to time

The above percentages will be reckoned at the time of investment and the above allocation is based on a steady state situation.



* including high quality securitised debt up to a maximum limit of 10% of the scheme’s corpus.

Within the allocation towards fixed income instruments, up to 90% may be invested in Government securities (Central / State Government) securities supported by unconditional guarantee of the respective governments.

The above percentages will be reckoned at the time of investment and the above allocation is based on a steady state situation.



The scheme follows a blend of value and growth style of investing. The fund will follow a bottom-up approach to stock-picking and choose companies across sectors. The equity portion of the scheme will invest in diversified portfolio of stocks. The debt portion of the scheme will be invested in fixed income instruments.

The scheme follows a blend of value and growth style of investing. The fund will follow a bottom-up approach to stock-picking and choose companies across sectors. The equity portion of the scheme will invest in diversified portfolio of stocks with predominant exposure to large caps. The debt portion of the scheme will be invested in high quality fixed income instruments.


• Risks associated with overseas investment: Please refer disclosure provided in Note 1.1 below.

• Risks associated with Derivatives: Please refer disclosure provided in Note 1.2 below.

• Risks associated with Imperfect Hedging Using Interest Rate Futures: Please refer disclosure provided in Note 1.3 below.

• Risks associated with participation in repo transactions in Corporate Debt Securities: Please refer disclosure provided in Note 1.4 below.

• Risks associated with Investments in REITs and InvITs: Please refer disclosure provided in Note 1.5 below.



• Long term capital appreciation with current income

• A fund that invests both in stocks and fixed income instruments offering a balanced exposure to the asset classes


• Long term capital appreciation with current income

•A fund that invests both in stocks and fixed income instruments



• Investment in Foreign Securities: Please refer disclosure provided in Note 2.2 below.





• Foreign Securities: Please refer disclosure provided in Note 3.1 below.




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Instruments As % of Net Assets Risk Profile(Min. – Max.)

Units of Franklin U. S. Opportunities Fund 90% - 100% Medium to HighDebt securities and Money Market 0% - 10% Low to MediumInstruments


Units of Franklin U. S. Opportunities Fund Medium to High 95% - 100%Debt securities and Money Market Instruments Low to Medium 0% - 5%The scheme would predominantly invest in units of Franklin U.S. Opportunities Fund, an international Franklin Templeton SICAV range mutual fund (domiciled in Luxemburg) that invests in securities in the United States of America.

Under normal circumstances, at least 95% of the total portfolio will be invested in Franklin U. S. Opportunities Fund, subject to the Eligible Investment Amount and the terms of offer of Franklin U. S. Opportunities Fund.

The scheme does not intend to invest in Securitised Debt and in such debt securities that may have a coupon or payout linked to the performance of an equity/equity index as an underlying (popularly known as ‘equity linked debentures’).

Subscriptions received in excess of the Eligible Investment Amount shall be invested in domestic debt and Money market Instruments including government securities, or securities which are supported by the Central or a state government. Further, if the investment proposed to be made by the Scheme in the underlying fund(s) exceeds any restriction (regulatory or otherwise), or is less than the minimum investment amount requirement, imposed by the underlying fund(s), the subscription received in the Scheme may be invested in debt and Money market Instruments.

It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the Investment Manager, the intention being at all times to seek to protect the interests of the Unit holders. The asset allocation pattern described above may alter from time to time on a short-term basis on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors and would generally be rebalanced in about one month from date of deviation. However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.

The scheme would predominantly invest in units of Franklin U.S. Opportunities Fund, an international Franklin Templeton SICAV range mutual fund (domiciled in Luxemburg) that invests in securities in the United States of America.

Under normal circumstances, at least 90% of the total portfolio will be invested in Franklin U. S. Opportunities Fund, subject to the Eligible Investment Amount and the terms of offer of Franklin U. S. Opportunities Fund.

The scheme does not intend to invest in Securitised Debt and in such debt securities that may have a coupon or payout linked to the performance of an equity/equity index as an underlying (popularly known as ‘equity linked debentures’).

Subscriptions received in excess of the Eligible Investment Amount shall be invested in domestic debt and Money market Instruments including government securities, or securities which are supported by the Central or a state government. Further, if the investment proposed to be made by the Scheme in the underlying fund(s) exceeds any restriction (regulatory or otherwise), or is less than the minimum investment amount requirement, imposed by the underlying fund(s), the subscription received in the Scheme may be invested in debt and Money market Instruments.

It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the Investment Manager, the intention being at all times to seek to protect the interests of the Unit holders. The asset allocation pattern described above may alter from time to time on a short-term basis on defensive considerations, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors and would generally be rebalanced in about one month from date of deviation. However, if the asset allocation pattern is to be altered for other reasons, as this is a fundamental attribute, the procedure outlined in the paragraph on fundamental attributes below, shall be followed.

Franklin India Liquid Fund

Franklin India Short Term Income Plan [An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years (please refer Note 4)]

Franklin India Dynamic Accrual Fund(An open ended dynamic debt scheme investing across duration)

Franklin India Treasury Management Account

Franklin India Short Term Income Plan (Open – end Income Fund)

Franklin India Dynamic Accrual Fund(Open – end Income Fund)

Change in Scheme Name

Change in Type of scheme


Franklin India Index Fund - NSE Nifty Plan

(An open ended scheme replicating/ tracking Nifty 50 Index)

Franklin India Feeder- Franklin European Growth Fund(An open ended fund of fund scheme investing in units of Franklin European Growth Fund)

Franklin India Multi-Asset Solution Fund(An open ended fund of fund scheme investing in funds which in turn invest in equity, debt, gold and cash)

Franklin India Dynamic PE Ratio Fund of Funds(An open ended fund of fund scheme investing in dynamically balanced portfolio of equity and income funds)Franklin India Life Stage Fund of Funds (An open ended fund of fund scheme investing in funds which in turn invest in equity and debt)CRISIL Balanced Fund – Aggressive index

An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)

For investment (including registered SIPs and incoming STPs) made on or before June 1, 2018: Three (3) full financial yearsFor investments (including SIPs & STPs registered) made on or after June 4, 2018: 5 years or till retirement age (whichever is earlier)

60 years of age



• A retirement fund investing upto 40% in equities and balance in fixed income instruments

Franklin India Index Fund - NSE Nifty Plan(Open – end index linked growth scheme)

Franklin India Feeder- Franklin European Growth Fund(Open – End Fund of Funds scheme investing overseas)

Franklin India Multi-Asset Solution Fund(An Open – End Fund of Funds scheme)

Franklin India Dynamic PE Ratio Fund of Funds(An Open – end Fund of Funds Scheme)Franklin India Life Stage Fund of Funds (An Open – end Fund of Funds Scheme)S&P BSE Sensex and the CRISIL Balanced Fund - Aggressive index

An Open – end Tax Saving Fund

Three (3) full financial years

Not available



• A hybrid fund investing upto 40% in equities and the balance in high quality fixed income instruments






Change in Benchmark of Franklin India Dynamic PE Ratio Fund of Funds

Type of scheme

Lock-in period

Definition of Retirement age

Product Label

Changes in Franklin India Pension Plan

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Notes on Additional disclosures

1. RISK FACTORS

1.1. Risks associated with overseas investment

• To the extent the assets of the scheme are invested in overseas financial assets, there may be risks associated with currency movements, restrictions on repatriation and transaction procedures in overseas market. Further, the repatriation of capital to India may also be hampered by changes in regulations or political circumstances as well as the application to it of other restrictions on investment. In addition, country risks would include events such as introduction of extraordinary exchange controls, economic deterioration, bi-lateral conflict leading to immobilisation of the overseas financial assets and the prevalent tax laws of the respective jurisdiction for execution of trades or otherwise.

• Currency Risk: The fund may invest in overseas mutual fund / foreign securities as permitted by the concerned regulatory authorities in India. Since the assets will be invested in securities denominated in foreign currencies, the Indian Rupee equivalent of the net assets, distributions and income may be adversely affected by changes/fluctuations in the value of the foreign currencies relative to the Indian Rupee.

• Country Risk: The Country risk arises from the inability of a country, to meet its financial obligations. It is the risk encompassing economic, social and political conditions in a foreign country, which might adversely affect foreign investors’ financial interests.

1.2. Risks associated with derivatives

• Derivatives are high risk, high return instruments as they may be highly leveraged. A small price movement in the underlying security could have a large impact on their value and may also result in a loss. The risks associated with the use of derivatives are different from or possibly greater than, the risks associated with investing directly in securities and other traditional investments.

• Derivative products are leveraged instruments and can provide disproportionate gains as well as disproportionate losses to the investor. Execution of such strategies depends upon the ability of the fund manager to identify such opportunities. Identification and execution of the strategies to be pursued by the fund manager involve uncertainty and decision of fund manager may not always be profitable. No assurance can be given that the fund manager will be able to identify or execute such strategies.

• Interest rate swaps and Forward Rate Agreement require the maintenance of adequate controls to monitor the transactions entered into, the ability to assess the risk that the derivative adds to the portfolio and the ability to forecast failure of another party (usually referred to as the “counter-party”) to comply with the terms of the derivatives contract. Other risks in using derivatives include the risk of mis-pricing or improper valuation of derivatives, the credit risk where the danger is that of a counter-party failing to honour its commitment, liquidity risk where the danger is that the derivative cannot be sold at prices that reflect the underlying assets, rates and indices, and price risk where the market price may move in adverse fashion.

• In case of buying options either call/put, the maximum loss would be the premium paid in case of options expiring out of the money.

• The risks associated with futures are similar to those associated with equity investments. Additional risks could be on account of illiquidity and potential mis–pricing of the futures and the inability of derivatives to correlate perfectly with underlying assets, rates and indices.

• The Long position in the Nifty will have as much loss as the gain in the short portfolio if hedged completely and would be vice versa if we were holding long portfolio, short Index.

• While Futures markets are typically more liquid than the underlying cash market, there can be no assurance that ready liquidity would exist at all points in time for scheme to purchase or close out a specific futures contract.

• The Scheme may find it difficult or impossible to execute derivative transactions in certain circumstances. For example, when there are insufficient bids or suspension of trading due to price limit or circuit breakers, the Scheme may face a liquidity issue.

• The Stock Exchange may impose restrictions on exercise of options and may also restrict the exercise of options at certain times in specified circumstances and this could impact the value of the portfolio.

1.3. Risks associated with Imperfect Hedging using Interest Rate Futures (IRF)

• Basis risk – While correlation between the underlying portfolio and IRF are tested, these are historical numbers and could diverge going forward. This could result in the hedge not working as desired.

• Yield curve slope risk – The IRF hedge is done on a modified duration basis. This means that the maturity of the underlying instrument and the maturity of the IRF could be different. The hedge ratio is arrived at using the prescribed formula. This hedges the risk arising from a parallel shift in the yield curve. Any change in the slope of the yield curve (flattening/steepening) remains unhedged as residual risk.

• Spread risk – The IRF is based on government securities and treasury bills. Imperfect hedging can be applied on portfolios comprised of corporate bonds as well. Corporate bond yield theoretically comprises of the risk free rate (systemic risk) and a credit spread (idiosyncratic risk). IRF would hedge out only the risk free rate. Any compression/expansion of credit spread of the underlying portfolio would not be hedged by the IRF.

• Liquidity/execution risk – IRF are relatively new instruments traded on the exchanges and don’t have as much liquidity as the OTC market in the underlying bond. This could expose the hedge to liquidity (execution and wider bid-offer spread) risk and associated impact cost.

• Change in benchmark bond – IRF of government bonds are based on the liquid, on the run securities. When the underlying security is phased out for issuance by Government of India, a new bond is typically issued. IRFs are subsequently issued on the new bond and the market liquidity shifts to the new bond and away from the older bond. This would also expose the hedge to liquidity risk and impact cost to shift from the older instrument to the newer instrument.

• Rollover risk – IRF instruments are available upto a year in maturity, but typically the first few months are more liquid. If the holding period of the hedge exceeds the maturity of the IRF instrument’s maturity, then the IRF would have to be rolled over at maturity. This could create rollover risk at maturity and associated costs.

• Unwinding risk— An unexpected change in market conditions may require unwinding the derivative positions at disadvantageous prices during periods of heightened volatility e.g. if the yields slide lower due to a surprise RBI rate cut, participants with short Interest Rate Futures positions would seek to cut their losses and exit, leading to an increase in the price of the IRF, and negative price impact on the hedged portfolio there from.

• Correlation risk – As per the extant regulation, the IRF has to have a 0.90 correlation coefficient with the underlying bond/portfolio, for the past 90 days, to be considered for imperfect hedging. If the correlation deteriorates going forward, the hedge may have to be removed with attendant impact costs.

1.4. Risks associated with participation in repo transactions in Corporate Debt Securities

• Counter-party risk

Credit risk would arise if the counter-party fails to repurchase the security as contracted or if counterparty fails to return the security or interest received on due date. To mitigate such risks, the Schemes shall carry out repo transactions with only those counterparties, which has a credit rating of ‘AA- and above’. In case of lending of funds as a repo buyer, minimum haircuts on the value of the collateral security have been stipulated, and we would receive the collateral security in the Scheme’s account through an exchange settled matching process. Generally, we would have a limited number of counter-parties, comprising of Mutual Funds, Scheduled Commercial banks, Financial Institutions and Primary dealers etc. Similarly, in the event of the Scheme being unable to pay back the money to the counterparty as contracted, the counter-party may dispose off the assets (as they have sufficient margin) and the net proceeds may be refunded to the Scheme. Thus, the Scheme may suffer losses in such cases.

• Collateral Risk (as a repo buyer)

Collateral risks arise due to fall in the value of the security (change in credit rating and/or interest rates) against which the money has been lent under the repo arrangement. To mitigate such risks, minimum haircuts have been stipulated on the value of the security. The Investment Manager may ask for a higher haircut depending upon the market conditions.

1.5. Risks associated with Investments in REITs and InvITs:

• Market Risk: REITs and InvITs Investments are volatile and subject to price fluctuations on a daily basis owing to factors impacting the underlying assets. AMC/Fund Manager’s will do the necessary due diligence but actual market movements may be at variance with the anticipated trends.

• Liquidity Risk: As the liquidity of the investments made by the Scheme(s) could, at times, be restricted by trading volumes, settlement periods, dissolution of the trust, potential delisting of units on the exchange etc, the time taken by the Mutual Fund for liquidating the investments in the scheme may be high in the event of immediate redemption requirement. Investment in such securities may lead to increase in the scheme portfolio risk.

• Reinvestment Risk: Investments in REITs & InvITs may carry reinvestment risk as there could be repatriation of funds by the Trusts in form of buyback of units or dividend pay-outs, etc. Consequently, the proceeds may get invested in assets providing lower returns.

• Regulatory/Legal Risk: REITs and InvITs being new asset classes, rights of unit holders such as right to information etc may differ from existing capital market asset classes under Indian Law.

1.6. Risks associated with Securitised Debts

• Different types of Securitised Debts in which the scheme would invest carry different levels and types of risks. Accordingly the scheme's risk may increase or decrease depending upon its investments in Securitised Debts. e.g. AAA securitised bonds will have low Credit Risk than a AA securitised bond. Credit Risk on Securitised Bonds may also depend upon the Originator, if the Bonds are issued with Recourse to Originator. A Bond with Recourse will have a lower Credit Risk than a Bond without Recourse. Underlying Assets in Securitised Debt may be the Receivables from Auto Finance, Credit Cards, Home Loans or any such receipts. Credit risk relating to these types of receivables depends upon various factors including macro-economic factors of these industries and economies. To be more specific, factors like nature and adequacy of property mortgaged against these borrowings, loan agreement, mortgage deed in case of Home Loan, adequacy of documentation in case of Auto Finance and Home Loan, capacity of borrower to meet its obligation on borrowings in case of Credit Cards and intentions of the borrower influence the risks relating to the assets (borrowings) underlying the Securitised Debts. Holders of Securitised Assets may have Low Credit Risk with Diversified Retail Base on Underlying Assets, especially when Securitised Assets are created by High Credit Rated Tranches. Risk profiles of Planned Amortisation Class Tranches (PAC), Principal Only Class Tranches (PO) and Interest Only Class Tranches (IO) will also differ, depending upon the interest rate movement and Speed of Pre-payments. A change in market interest rates/prepayments may not change the absolute amount of receivables for the investors, but affects the reinvestment of the periodic cash flows that the investor receives in the securitised paper.

• Presently, secondary market for securitised papers is not very liquid. There is no assurance that a deep secondary market will develop for such securities. This could limit the ability of the investor to resell them. Even if a secondary market develops and sales were to take place, these secondary transactions may be at a discount to the initial issue price due to changes in the interest rate structure

• Securitised transactions are normally backed by pool of receivables and credit enhancement as stipulated by the rating agency, which differ from issue to issue. The Credit Enhancement stipulated represents a limited loss cover to the Investors. These Certificates represent an undivided beneficial interest in the underlying receivables and there is no obligation of either the Issuer or the Seller or the originator, or the parent or any affiliate of the Seller, Issuer and Originator. No financial recourse is available to the Certificate Holders against the Investors’ Representative. Delinquencies and credit losses may cause depletion of the amount available under the Credit Enhancement and thereby the Investor Payouts may get affected if the amount available in the Credit Enhancement facility is not enough to cover the shortfall. On persistent default of an Obligor to repay his obligation, the Seller may repossess and sell the underlying Asset. However many factors may affect, delay or prevent the repossession of such Asset or the length of time required to realize the sale proceeds on such sales. In addition, the price at which such Asset may be sold may be lower than the amount due from that Obligor.

1.7. Risks of investing in floating rate debt instruments or fixed rate debt instruments swapped for floating rate return:

a. Interest rate movement (Basis Risk): As the fund will invest in floating rate instruments, these instruments' coupon will be reset periodically in line with the benchmark index movement. Normally, the interest rate risk of a floating rate instrument compared to a fixed rate instrument is limited. The changes in the prevailing rates of interest will likely affect the value of the Scheme's holdings until the next reset date and thus the value of the Scheme’s Units. Increased rates of interest, which frequently accompany inflation and / or a growing economy, are likely to have a negative effect on the value of the Units. The value of securities held by the Scheme generally will vary inversely with changes in prevailing interest rates. The fund could be exposed to the interest rate risk (i) to the extent of time gap in resetting of the benchmark rates, and (ii) to the extent the benchmark index fails to capture the interest rate movement.

b. Spread Movement (Spread Risk): Though the basis (i.e. benchmark) gets readjusted on a regular basis, the spread (i.e. markup) over benchmark remains constant. This can result in some volatility to the holding period return of floating rate instruments.

c. Settlement Risk (Counterparty Risk): The floating rate assets may also be created by swapping a fixed return to a floating rate return. In such a swap, there may be an additional risk of counterparty who will pay floating rate return and receive fixed rate return.

2. WHERE WILL THE SCHEME INVEST?

2.1. Investments in Derivative Instruments

Brief note on investment in derivative instruments

As part of the Fund Management process, the Trustee may permit the use of derivative instruments such as index futures, stock futures and options contracts, warrants, convertible securities, swap agreements, Forward Rate Agreement (FRA) or any other derivative instruments that are permissible or may be permissible in future under applicable regulations and such investments shall be in accordance with the investment objectives of the scheme.

Index futures/options are meant to be an efficient way of buying/selling an index compared to buying/selling a portfolio of physical shares representing an index for ease of execution and settlement. Index futures/options can be an efficient way of achieving the scheme’s investment objective. On the fixed income side, an interest rate swap agreement from fixed rate to floating rate is an example of how derivatives can be an effective hedge for the portfolio in a rising interest rate environment.

Derivatives can be either exchange traded or can be over the counter (OTC). Exchange traded derivatives are listed and traded on Stock Exchanges whereas OTC derivative transactions are generally structured between two counterparties.

Derivatives may be high risk - high return instruments, upon leveraging. As they are highly leveraged, a small price movement in the underlying security could have a large impact on their value and may also result in a loss.

Position Limits:

The scheme may enter into derivative transactions in line with the guidelines prescribed by SEBI from time to time.The exposure limit per scrip/instrument shall be to the extent permitted by the SEBI Regulation for the time being in force. These limits will be reviewed by the AMC from time to time.

Currently, the position limits for Mutual Funds and its schemes, as permitted by the SEBI Regulations, are as under:

The cumulative gross exposure through equity, debt and derivative positions should not exceed 100% of the net assets of the scheme. Exposure due to hedging positions may not be included in the above mentioned limit subject to the following:

o Hedging positions are the derivative positions that reduce possible losses on an existing position in securities and till the existing position remains.


o Hedging positions cannot be taken for existing derivative positions. Exposure due to such positions shall have to be added and treated under limits mentioned above.

o Any derivative instrument used to hedge has the same underlying security as the existing position being hedged.

o The quantity of underlying associated with the derivative position taken for hedging purposes does not exceed the quantity of the existing position against which hedge has been taken.

o Exposure due to derivative positions taken for hedging purposes in excess of the underlying position against which the hedging position has been taken, shall be treated under the limits mentioned above.

Further, the total exposure related to option premium paid must not exceed 20% of the net assets of the scheme. Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any exposure.

Mutual Funds shall not write options or purchase instruments with embedded written options.

i. Position limit for Mutual Funds in index options contracts:

1. The Mutual Fund position limit in all index options contracts on a particular underlying index shall be Rs. 500 crore or 15% of the total open interest of the market in index options, whichever is higher, per Stock Exchange.

2. This limit would be applicable on open positions in all options contracts on a particular underlying index.

ii. Position limit for Mutual Funds in index futures contracts:

1. The Mutual Fund position limit in all index futures contracts on a particular underlying index shall be Rs. 500 crore or 15% of the total open interest of the market in index futures, whichever is higher, per Stock Exchange.

2. This limit would be applicable on open positions in all futures contracts on a particular underlying index.

iii. Additional position limit for hedging

In addition to the position limits at point (i) and (ii) above, Mutual Funds may take exposure in equity index derivatives subject to the following limits:

1. Short positions in index derivatives (short futures, short calls and long puts) shall not exceed (in notional value) the Mutual Fund’s holding of stocks.

2. Long positions in index derivatives (long futures, long calls and short puts) shall not exceed (in notional value) the Mutual Fund’s holding of cash, government securities, T-Bills and similar instruments.

iv. Position limit for Mutual Funds for stock based derivative contracts

The Mutual Fund position limit in a derivative contract on a particular underlying stock, i.e. stock option contracts and stock futures contracts shall be 20% of the applicable Market Wide Position Limit (MWPL).

v. Position limit for each scheme of a Mutual Fund

The position limits for each scheme of mutual fund and disclosure requirements shall be identical to that prescribed for a sub-account of a FII. Therefore, the scheme-wise position limit/disclosure requirements shall be –

1. For stock option and stock futures contracts, the gross open position across all derivative contracts on a particular underlying stock of a scheme of a mutual fund shall not exceed the higher of:

1% of the free float market capitalisation (in terms of number of shares)

Or

5% of the open interest in the derivative contracts on a particular underlying stock (in terms of number of contracts)

2. This position limits shall be applicable on the combined position in all derivative contracts on an underlying stock at a Stock Exchange.

3. For index based contracts, Mutual Funds shall disclose the total open interest held by its scheme or all schemes put together in a particular underlying index, if such open interest equals to or exceeds 15% of the open interest of all derivative contracts on that underlying index.

Valuation:

Ø The traded derivatives shall be valued at market price in conformity with the stipulations of sub clauses (i) to (v) of clause 1 of the Eighth Schedule to the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.

Ø The valuation of untraded derivatives shall be done in accordance with the valuation method for untraded investments prescribed in sub clauses (i) and (ii) of clause 2 of the Eighth Schedule to the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.

2.1.1. Stock and Index Options:

Option contracts are of two types - Call and Put; the former being the right, but not obligation, to purchase a prescribed number of shares at a specified price before or on a specific expiration date and the latter being the right, but not obligation, to sell a prescribed number of shares at a specified price before or on a specific expiration date. The price at which the shares are contracted to be purchased or sold is called the strike price. Options that can be exercised on or before the expiration date are called American Options, while those that can be exercised only on the expiration date are called European Options. In India, all individual stock options are American Options, whereas all index options are European Options. Option contracts are designated by the type of option, name of the underlying, expiry month and the strike price.

Strategies that employ Options:

Buying a Call Option: Let us assume that the Fund buys a call option of XYZ Ltd. with strike price of Rs. 1000, at a premium of Rs. 25. If the market price of ABC Ltd on the expiration date is more than Rs. 1000, the option will be exercised. The Fund will earn profits once the share price crosses Rs. 1025 (Strike Price + Premium i.e. 1000+25). Suppose the price of the stock is Rs. 1100, the option will be exercised and the Fund will buy 1 share of XYZ Ltd. from the seller of the option at Rs 1000 and sell it in the market at Rs. 1100, making a profit of Rs. 75. In another scenario, if on the expiration date the stock price falls below Rs. 1000, say it touches Rs. 900, the Fund will choose not to exercise the option. In this case the Fund loses the premium (Rs. 25), which will be the profit earned by the seller of the call option.

Risks:

In case of buying options either call/put, the maximum loss would be the premium paid in case of options expiring out of the money.

Buying a Put Option: Let us assume the Fund owns the shares of XYZ Ltd, which is trading at Rs. 500. The fund wishes to hedge this position in the short-term as it perceives some downside to the stock in the short-term. It can buy a Put Option at Rs. 500 by paying a premium of say Rs, 10/- In case the stock goes down to Rs. 450/- the fund has protected its downside to only the premium i.e Rs 10 instead of Rs. 50. On the contrary if the stock moves up to say Rs. 550/- the fund may let the Option expire and forego the premium thereby capturing Rs. 40/- upside. The strategy is useful for downside protection at cost of foregoing some upside.

Risks:

In case of buying options either call/put, the maximum loss would be the premium paid in case of options expiring out of the money.

Stock and Index Futures:

The Stock Exchange, Mumbai and the National Stock Exchange have introduced Index futures on BSE Sensex (BSE 30) and Nifty (NSE-50). Generally, three futures of 1 month, 2 months and 3 months are presently traded on these exchanges. These futures will expire on the last working Thursday of the respective month.

There are futures based on stock indices as mentioned above as also futures based on individual stocks. Individual stock futures are also widely used derivative instruments for enhancing portfolio returns. Stock futures trade either at a premium or at discount to the spot prices, usually the level of premium reflective of the cost of carry. Many a times the stock-specific sentiments too have a bearing on Futures as speculators may find futures as a cost-effective way of executing their view on the stock. However such executions usually increase the premium/discount to the spot significantly, thereby giving rise to clean arbitrage opportunities for a fund.

Strategies that employ Index Futures:

Illustrative list of strategies that can employ index futures:

(a) The fund has an existing equity portion invested in a basket of stocks. In case the fund manager has a view that the equity markets are headed downwards, the fund can then hedge the exposure to equity either fully or partially by initiating short futures positions in the index. A similar position in the long direction can also be initiated by the fund to hedge its position of cash and permissible equivalents. The extent to which this can be done is determined by existing guidelines.

(b) To the extent permissible by extant regulations the scheme can initiate a naked short position in an underlying index future traded on a recognized stock exchange.

In case the Nifty near month future contract trading at say, 1850, and the fund manager has a view that it will depreciate going forward, the fund can initiate a sale transaction of nifty futures at 1850 without holding a portfolio of equity stocks or any other underlying long equity position. Once the price falls to 1800 after say, 20 days the fund can initiate a square-up transaction by buying the said futures and book a profit of 50. Correspondingly the fund can take a long position without an underlying cash/ cash equivalent subject to the extant regulations.

Risks:

• The risks associated with index futures are similar to those associated with equity investments. Additional risks could be on account of illiquidity and potential mis–pricing of the futures and the inability of derivatives to correlate perfectly with underlying assets, rates and indices.

• The Long position in the Nifty will have as much loss as the gain in the short portfolio if hedged completely and would be vice versa if we were holding long portfolio, short Index.

Strategies that employ Stock Futures:

Sell Spot Buy Future: To illustrate, let us assume the fund holds the stock XYZ Ltd which is trading @ Rs. 100/- at the spot market. If for some reasons the stock trades at Rs. 98 in the futures, the fund may sell the stock and buy the futures. On the date of expiry, the fund may reverse the transactions (i.e. Buy Spot & Sell futures) and earn a risk-free Rs. 2/- (2% absolute) on its holdings. Since this is done without diluting the fund’s view on the underlying stock, the fund will benefit from any upside move i.e. if on the date of futures expiry, the stock is trading at Rs. 110/- the futures too will be trading at Rs. 110- and the fund will capture the 10% upside the stock provided and along with it the 2% arbitrage too, thereby enhancing returns to 12%

Risks:


• The risks associated with stock futures are similar to those associated with equity investments. Additional risks could be on account of illiquidity and potential mis–pricing of the futures.

Buy Spot Sell Future: If the fund holds a stock XYZ Ltd which trades @ Rs 100/- at the spot market and is trading at Rs. 102/- in the futures market. The fund may buy the spot and sell the futures and earn the premium of Rs.2 /- which is risk-free. However this strategy can be used only when the fund is sitting in cash and is looking at enhancing the returns on the cash.

Risks:


• The risks associated with stock futures are similar to those associated with equity investments. Additional risks could be on account of illiquidity and potential mis–pricing of the futures.

Sell Future: This helps in shorting the market and taking a direct short position in the market. Futures facilitate a short position if fund manager has a bearish view in the market. A sold Futures can be re-purchased any time up to the date of its expiry. If not re-purchased, it is automatically squared off on the expiry date at Spot Rate.

Risks:

The risks associated with stock futures are similar to those associated with equity investments. Additional risks could be on account of illiquidity and potential mis–pricing of the futures and the inability of derivatives to correlate perfectly with underlying assets, rates and indices.

Buy Future: If the fund wants to initiate a long position in a stock whose spot price is at say, Rs.100 and futures is at 98, the fund may just buy the futures contract instead of the spot thereby benefiting from a lower cost option.

Risks:

The risks associated with stock futures are similar to those associated with equity investments. Additional risks could be on account of illiquidity and potential mis–pricing of the futures and the inability of derivatives to correlate perfectly with underlying assets, rates and indices.

2.1.2. Interest Rate Swaps:

The Indian markets have faced high volatility in debt and equity markets. An interest rate swap is a contractual agreement between two counter-parties to exchange streams of interest amount on a national principal basis. In this, one party agrees to pay a fixed stream of interest amount against receiving a variable or floating stream of interest amount. The variable or floating part is determined on a periodical basis.

Mutual Funds may enter into plain vanilla interest rate swaps for hedging purposes. The counter party in such transactions has to be an entity recognized as a market maker by RBI. Further, the value of the notional principal in such cases must not exceed the value of respective existing assets being hedged by the scheme. Exposure to a single counterparty in such transactions should not exceed 10% of the net assets of the scheme.

Ø Purpose of Interest Rate Swaps:

- The Indian markets have faced high volatility in debt and equity markets. An interest rate swap is a contractual agreement between two counter-parties to exchange streams of interest amount on a national principal basis. In this, one party agrees to pay a fixed stream of interest amount against receiving a variable or floating stream of interest amount. The variable or floating part is determined on a periodical basis.

- The scheme shall use derivative position for hedging the portfolio risk on a non-leverage basis. The scheme shall fully cover their positions in the derivatives market by holding underlying securities / cash or cash equivalents / option and / or obligation for acquiring underlying assets to honour the obligations contracted in the derivatives market.

Let us look at an example of an interest rate swap:

Entity A has Rs.20 crores, 3 month asset which is being funded through call. Entity B, on the other hand, has deployed Rs.20 crores in overnight call money market, 3 month liability. Both the entities are taking on an interest rate risk.

To hedge against the interest rate risk, both the entities can enter into a 3 month swap agreement based on say MIBOR (Mumbai Inter Bank Offered Rate). Through this swap, entity B will receive a fixed pre-agreed rate (say 8%) and pay NSE MIBOR (“the benchmark rate”) which will neutralize the interest rate risk of lending in call. Similarly, entity A will neutralize its interest rate risk from call borrowing as it will pay 8% and receive interest at the benchmark rate.

Assuming the swap is for Rs.20 crores 1 September to 1 December, Entity A is a floating rate receiver at the overnight compounded rate and Entity B is a fixed rate receiver. On a daily basis, the benchmark rate fixed by NSE will be tracked by them.

On December 1, they will calculate as explained below:

Entity A is entitled to receive daily compounded call rate for 92 days and pay 8% fixed. Entity B is entitled to receive interest on Rs.20 crores @ 8% i.e. Rs.40.33 lakhs, and pay the compounded benchmark rate.

Thus on December 1, if the total interest on the daily overnight compounded benchmark rate is higher than Rs.40.33 lakhs, entity B will pay entity A the difference and vice versa.

2.1.3. Forward Rate Agreement (FRA)

A FRA is basically a forward starting IRS. It is an agreement between two parties to pay or receive the difference between an agreed fixed rate (the FRA rate) and the interest rate (reference rate) prevailing on a stipulated future date, based on a notional principal amount for an agreed period. The only cash flow is the difference between the FRA rate and the reference rate. As is the case with IRS, the notional amounts are not exchanged in FRAs.

Example: Let us assume that a scheme has an investment of Rs.10 crore in an instrument that pays interest linked to NSE Mibor. Since the NSE Mibor would vary daily, the scheme is running interest rate risk on its investment and would stand to lose if rates go down. To hedge itself against this risk, the scheme could do an IRS where it receives a fixed rate (assume 10%) for the next 5 days on the notional amount of Rs. 10 crore and pay a floating rate (NSE Mibor). In doing this, the scheme would effectively lock itself into a fixed rate of 10% for the next five days. The steps would be:

1. The scheme enters into an IRS on Rs. 10 crore from December 1 to December 6. It receives a fixed rate of interest at 10% and the counter party receives the floating rate (NSE Mibor). The scheme and the counter party exchange a contract of having entered into this IRS.

2. On a daily basis, the NSE Mibor will be tracked by the counterparties to determine the floating rate payable by the scheme.

3. On December 6, the counterparties will calculate the following:

• The scheme will receive interest on Rs. 10 crore at 10% p.a. for 5 days i.e. Rs.1,36,986/-

• The scheme will pay the compounded NSE Mibor for 5 days by converting its floating rate asset into a fixed rate through the IRS.

• If the total interest on the compounded NSE Mibor rate is lower than Rs. 1,36,986/-, the scheme will receive the difference from the counterparty and vice-versa. In case the interest on compounded NSE Mibor is higher, the scheme would make a lower return than what it would have made had it not undertaken IRS.

Risks:

Interest rate swaps and Forward Rate Agreement require the maintenance of adequate controls to monitor the transactions entered into, the ability to assess the risk that the derivative adds to the portfolio and the ability to forecast failure of another party

(usually referred to as the “counter-party”) to comply with the terms of the derivatives contract. Other risks in using derivatives include the risk of mis-pricing or improper valuation of derivatives, the credit risk where the danger is that of a counter-party failing to honour its commitment, liquidity risk where the danger is that the derivative cannot be sold at prices that reflect the underlying assets, rates and indices, and price risk where the market price may move in adverse fashion.

As is clear from the above examples, engaging in derivatives has the potential to help the scheme in minimising the portfolio risk and/or improve the overall portfolio returns.

2.1.4. Interest Rate Futures

An Interest Rate Futures (‘IRF’) contract is “an agreement to buy or sell a debt instrument at a specified future date at a price that is fixed today.” The underlying security for Interest Rate Futures is either Government Bond or T-Bill. Interest Rate Futures are Exchange traded and standardized contracts based on 6 year, 10 year and 13 year Government of India Security and 91-day Government of India Treasury Bill (91DTB). These future contracts are cash settled. These instruments can be used for hedging the underlying cash positions.

Numerical Example –

When the underlying asset being hedged and the IRF contract are based on the same instrument, the hedge is known as a perfect hedge.

Imperfect hedging is when the underlying asset being hedged and the IRF contract has a 90 day correlation of closing prices of more than 90%. If such a correlation does not exist at any time, the derivative position shall be counted as exposure. Maximum permissible imperfect hedging is 20%. For example, assume a portfolio comprising the following structure:

Assuming the fund manager intends to hedge the portfolio using IRF and uses contracts on IGB 6.79% 2027 as it is most liquid. Maximum permissible imperfect hedging is 20%. For the above fund is 100*20% = INR 20 crores. Maximum perfect hedging using 6.79% 2027 is INR 50 crores. Total hedge the fund can enter into is INR 50 crores + INR 20 crores = INR 70 crores. Assuming the 90 day historical correlation between the instruments in the portfolio are as follows:

Given that we are using IRF on 6.79% 2027, we can hedge 6.68% 2031 using IRFs as correlation is more than 90% upto INR 20 crores (based on the 20% limit of imperfect hedging). Since one contract of IRF has a notional value of INR 2 lakhs, in this example the fund manager may sell (INR 70 crores/2 lakhs) 3500 contracts, to hedge his position.

Scenario 1: When the bonds close higher than at the time the hedge was entered into:

Scenario 2: When the bonds close lower than at the time the hedge was entered into:

As can be seen in the cases above, IRFs help in reducing the volatility of the loss/gain to the fund in case of yield movements.

Please note these examples are hypothetical in nature and are given for illustration purposes only. The actual returns may vary depending on the market conditions.

The AMC retains the right to enter into such derivative transactions as may be permitted by the applicable regulations from time to time.

2.2. Foreign Securities: The Scheme may invest in various types of instruments including, but not limited to, any of the following:• Equity and Equity linked instruments of overseas companies listed on recognised stock exchanges overseas• Initial and follow on public offerings for listing at recognised stock exchanges overseas• ADRs / GDRs issued by Indian or foreign companies• foreign debt securities (convertible or non-convertible) in the countries with fully convertible currencies• overseas short term as well as long term debt instruments with rating not below investment grade by accredited/registered credit rating agencies• Overseas Money market instruments rated not below investment grade• Overseas repos in the form of investment, where the counterparty is rated not below investment grade (repos shall not however, involve any borrowing of funds by the Scheme)• Foreign government securities where the countries are rated not below investment grade• Overseas derivatives traded on recognized stock exchanges overseas (currently permitted only for hedging and portfolio balancing with underlying as securities)• Short term deposits with banks overseas where the issuer is rated not below investment grade• Overseas Exchange Traded Funds (ETFs)• units/securities issued by overseas mutual funds or unit trusts registered with overseas regulators and investing in permitted Foreign Securities, Real Estate Investment Trusts (REITs) listed in recognized stock exchanges overseas or unlisted overseas

securities (not exceeding 10% of their net assets).• Any other permitted overseas securities / instruments that may be available from time to time.

Investment in Foreign Securities shall be in accordance with the guidelines issued by SEBI from time to time.

Investment in Foreign Securities

The Scheme may invest in permitted Foreign Securities and any other overseas instruments as may be permitted by SEBI/RBI/other regulatory authorities from time to time.

SEBI vide its circular dated September 26, 2007 has issued guidelines pertaining to investments in overseas financial assets. Accordingly the investments in Foreign Securities shall be made in compliance with the said circular.

The Fund has appointed a dedicated fund manager for the purpose of investment in overseas financial assets (except for investment in units/securities of overseas mutual funds/unit trusts/ETFs and such other securities/instruments as may be permitted by SEBI from time to time) as prescribed in the aforesaid SEBI circular. Service of custodian and other intermediaries/advisors of international repute will be used for managing and administering such investments. The appointment of such intermediaries shall be in accordance with the applicable requirements of SEBI and within the permissible ceilings of expenses. The fees and expenses would include, besides the investments management fees, custody fees and costs, fees of appointed advisors and sub-managers, transaction costs and overseas regulatory costs.

Offshore investment will be made subject to any/ all approvals/conditions thereof as may be stipulated by SEBI/ RBI/ other regulatory authorities. Boards of asset management companies (AMCs) and trustees shall exercise due diligence in making investment decisions as required under Regulation 25(2). They shall make a detailed analysis of risks and returns of investment in foreign securities and how these investments would be in the interest of investors. Investment must be made in liquid actively traded securities/instruments and such other types of securities/instruments as may be permitted by SEBI from time to time. Boards of AMCs and trustees may prescribe detailed parameters for making such investments, which may include identification of countries, country rating, country limits, etc. They shall satisfy themselves that the AMC has experienced key personnel, research facilities and infrastructure for making such investments. Other specialised agencies and service providers associated with such investments e.g. custodian, bank, advisors, etc should also have adequate expertise and infrastructure facilities. Their past track record of performance and regulatory compliance record, if they are registered with foreign regulators, may also be considered. Necessary agreements may be entered into with them as considered necessary. All investment decisions shall be recorded in accordance with SEBI circular dated July 27, 2000. Such investments shall be disclosed while disclosing half-yearly portfolios in the prescribed format by making a separate heading "Foreign Securities/overseas ETFs." Scheme-wise percentage of investments made in such securities shall be disclosed while publishing half-yearly results in the prescribed format, as a footnote.

It is the investment manager's belief that overseas securities offer new investment and portfolio diversification opportunities into multi-market and multi-currency products. However, such investments also entail additional risks.

Investment in derivatives traded on recognised stock exchanges overseas shall be made only for hedging and portfolio balancing with underlying as securities.

2.3. Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs):

In accordance with SEBI circular no. SEBI/HO/IMD/ DF2/CIR/P/2017/17 dated February 28, 2017 and amendments thereto from time to time, the Scheme may invest in units of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) within the stipulated investment limits.

2.4. Investments in repo of corporate debt securities:

Ø Guidelines for participation in repo of corporate debt securities

SEBI has vide circular no. CIR / IMD / DF / 19 / 2011 dated November 11, 2011 and circular no. CIR/IMD/DF/23/2012 dated November 15, 2012 enabled mutual funds to participate in repos in corporate debt securities as per the guidelines issued by Reserve Bank of India (RBI) from time to time and subject to few conditions listed in the said SEBI circular.

Applicable conditions are as follows:

• The gross exposure of any mutual fund scheme to repo transactions in corporate debt securities shall not be more than 10 % of the net assets of the concerned scheme.

• The cumulative gross exposure through repo transactions in corporate debt securities along with equity, debt and derivatives shall not exceed 100% of the net assets of the concerned scheme.

• Mutual funds shall participate in repo transactions only in AA and above rated corporate debt securities.

• In terms of Regulation 44 (2) of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, mutual funds shall borrow through repo transactions only if the tenor of the transaction does not exceed a period of six months.

Other guidelines are as follows:

• Category of counter party & Credit rating of counter party

All entities eligible for transacting in corporate bond repos as defined by SEBI and RBI shall be considered for repo investments with the caveat that the credit rating of the counterparty should be equal to or higher than AA- (long term rating).

• Tenor of Repo

Tenor of repo shall be capped to 3 months as against maximum permissible tenor of 6 months. Any repo for a tenor beyond 3 months shall require prior approval from investment committee of the fund. There shall be no restriction / limitation on the tenor of collateral.

• Applicable haircut

As per the RBI circular RBI/2012-13/365 IDMD.PCD.09/14.03.02/2012-13, the minimum haircut applicable on the market value of the corporate debt securities prevailing on the date of trade of 1st leg, would be as under:

As per the SEBI guidelines, Mutual Funds may undertake repo in only AA and above rated corporate bond securities. Also, the Fund Manager may ask for a higher haircut (while lending) or give a higher haircut (while borrowing) depending on the prevailing market situation.

The investment restrictions applicable to scheme’s participation in corporate bond repos will also be as prescribed or varied by SEBI or by the Board of Trustee and AMC (subject to SEBI restrictions) from time to time.

2.5. Investment in Securitised Debt

1. How the risk profile of securitized debt fits into the risk appetite of the scheme

Securitization is the fact or process of securitizing assets i.e. the conversion of loans into securities, usually in order to sell them on to other investors. This is done by assigning the loans to a special purpose vehicle (a trust), which in turn issues Pass-Through-Certificates (PTCs). These PTCs are transferable securities with fixed income characteristics. The risk of investing in securitized debt is similar to investing in debt securities. However it differs mainly in two respects. One, the liquidity of securitized debt is less than similar debt securities. Two, for certain types of securitized debt (backed by mortgages, personal loans, credit card debt, etc.), there is an additional pre-payment risk. Pre-payment risk refers to the possibility that loans are repaid before they are due, which may reduce returns if the re-investment rates are lower than initially envisaged.

Because of these additional risks, securitized debt typically offers higher yields than debt securities of similar credit rating and maturity. After considering these additional risks, the investment is no different from investment in a normal debt security. Considering the investment objective of the scheme, these instruments with medium risk profile can be considered in the investment universe. Thus if the Fund Manager judges that the additional risks are suitably compensated by the higher returns, he may invest in securitized debt up to the limits specified in the asset allocation table.

2. Policy relating to originators based on nature of originator, track record, NPAs, losses in earlier securitized debt, etc

Investments in securitized debt will be done based on the assessment of the originator and the securitized debt which is carried out by the Fixed Income team based on the in-house research capabilities as well as the inputs from the independent credit rating agencies and by following Franklin Templeton’s internal credit process.

Specifically, in order to mitigate the risk at the issuer/originator level the Fixed Income team will consider various factors which will include -

Ø Track record of the originator in the specific business to which the underlying loans correspond to;

Security Amount (crs) Price (INR) IGB 6.79% 2027 50 94.6 IGB 6.68% 2031 25 91 IGB 7.17% 2028 15 98 Cash 10 - Total 100

90 day historical correlation IGB 6.79% 2027 IGB 6.68% 2031 IGB 7.17% 2028 IGB 6.79% 2027 1 0.95 0.85 IGB 6.68% 2031 0.95 1 0.80 IGB 7.17% 2028 0.85 0.80 1

Security Amount (crs)

Price before hedging (INR)

Price on maturity of hedge (INR)

Gain/Loss Net Gain (INR lakhs)

IGB 6.79% 2027 50 94.6 94.7 0.1 5 IGB 6.68% 2031 25 91 91.15 0.15 3.75

IGB 7.17% 2028 15 98 98.05 0.05 0.75

Cash 10

Without IRF 9.5 IRF based on IGB 6.79% 2027

70 94.5 94.65 -0.15 -10.5

Total with IRF 100 -1

Security Amount (crs)

Price before hedging (INR)

Price on maturity of hedge (INR)

Gain/Loss Net Gain (INR lakhs)

IGB 6.79% 2027 50 94.6 94.5 -0.1 -5 IGB 6.68% 2031 25 92 91.85 -0.15 -3.75

IGB 7.17% 2028 15 100 99.95 -0.05 -0.75

Cash 10 -

Without IRF -9.5 IRF based on IGB 6.79% 2027

70 98.5 98.45 0.05 3.5

Total with IRF 100 -6

Rating AAA AA+ AA Minimum Haircut 7.5% 8.5% 10%

Ø size and reach of the issuer/originator;

Ø Collection infrastructure & collection policies;

Ø Post default recovery mechanism & infrastructure;

Ø Underwriting standards & policies followed by originator;

Ø Management information systems;

Ø Financials of the originators including an analysis of leverage, NPAs, earnings, etc.;

Ø Future strategy of the company for the specific business to which the underlying loans correspond to;

Ø Performance track record of Originator’s portfolio & securitized pools, if any;

Ø Utilization of credit enhancement in the prior securitized pools;

Ø The quality of information disseminated by the issuer/ originator; and

Ø The credit enhancement for different types of issuer/originator.

Also, assessment of business risk would be carried out which includes -

Ø Outlook for the economy (both domestic and global); and

Ø Outlook for the industry

In addition, the fund analyses the specific pool and the broad evaluation parameters are as follows:

Ø Average seasoning of the loans in the pool

Ø Average Loan to value ratio of the loans in the pool

Ø Average ticket size of the loans

Ø Borrower profile (salaried / self employed, etc)

Ø Geographical profile of the pool

Ø Tenure profile of the pool

Ø Obligor concentration

Ø Credit enhancement cover available over and above the historic losses on Originator’s portfolio

Ø Expected Prepayment rate in the specific asset class experienced by the originator in the past as well as the industry

Ø Limited Liquidity and Price Risk.

The scheme will invest in securitized debt which are rated investment grade and above by a credit rating agency recognized by SEBI. The investment team analyses the Rating Rationale in detail before investing in any PTCs, and also discusses with the concerned rating agency on a need basis. The rating agency would normally take in to consideration the following factors while rating a securitized debt:

- Credit risk at the asset/originator/portfolio/pool level

Ø The quality of the pool is a crucial element in assessing credit risk. In the Indian context, generally, pools are ‘cherry-picked’ using positive selection criteria. To protect the investor from adverse selection of pool contracts, the rating agencies normally take into consideration pool characteristics such as pool seasoning (seasoning represents the number of instalments paid by borrower till date: higher seasoning represents better quality), over dues at the time of selection and Loan to Value (LTV). To assess its risk profile vis-à-vis the overall portfolio, the pool is analysed with regard to geographical location, borrower profile, LTV, and tenure.

- Counterparty risk

Ø This includes Servicer Risk, co-mingling risk etc. The rating agencies generally mitigate such risks though the usage of stringent counterparty selection and replacement criteria to reduce the risk of failure.

- Bankruptcy risk

Ø Of the Originator –

Ø Normally, specific care is taken in structuring the securitization transaction so as to minimize the risk of the sale to the trust not being construed as a 'true sale'. It is also in the Interest of the originator to demonstrate the transaction as a true sell to get the necessary revenue recognition and tax benefits.

Ø Of the Investors’ agent

Ø All possible care is normally taken in structuring the transaction and drafting the underlying documents so as to provide that the assets/receivables if and when held by Investor’s Agent is held as agent and in Trust for the Investors and shall not form part of the personal assets of Investor’s Agent.

- Legal risks

Ø The rating agency normally conducts a detailed study of the legal documents to ensure that the investors' interest is not compromised and relevant protection and safeguards are built into the transaction.

- Various market risks like interest rate risk, macro-economic risks

- Assessment of risks related to business for example outlook for the economy, outlook for the industry and factors specific to the issuer/originator.

3. Risk mitigation strategies for investments with each kind of originator

The examples of securitized assets which may be considered for investment by the Scheme and the various risk mitigation parameters (please read in continuation with point 2 above) which will be considered include;

A) Asset backed securities issued by banks or non-banking finance companies.

Underlying assets may include receivables from loans against cars, commercial vehicles, construction equipment or unsecured loans such as personal loans, consumer durable loans. The various factors which will be usually considered while making investments in such type of securities include profile of the issuer, analysis of underlying loan portfolio – nature of asset class, seasoning of loans, geographical distribution of loans and coverage provided by credit-cum-liquidity enhancements.

B) Mortgage backed securities issued by banks or housing finance companies, where underlying assets are comprised of mortgages/home loan.

The various factors which will be usually considered while making investments in such type of securities include issuer profile of the issuer, quality of underlying portfolio, seasoning of loans, coverage provided by credit-cum-liquidity enhancements and prepayment risks.

C) Single loan securitization, where the underlying asset comprises of loans issued by a bank/non-banking finance company.

The factors which will be usually considered while making investments in such type of securities include assessment of credit risk associated with the underlying borrower as well as the originator. The Fixed Income team will adhere to the Franklin Templeton’s internal credit process and perform a detailed review of the underlying borrower prior to making investments. This analysis is no different from the analysis undertaken by Fund when it invests in Debentures or Commercial papers issued by the same borrower.

Critical Evaluation Criteria

Typically the Fund would avoid investing in securitization transaction (without specific risk mitigation strategies / additional cash/security collaterals/ guarantees) if there are concerns on the following issues regarding the originator / underlying issuer:

1. High default track record/ frequent alteration of redemption conditions/covenants

2. High leverage ratios – both on a standalone basis as well on a consolidated level/ group level

3. Higher proportion of re-schedulement of underlying assets of the pool or loan, as the case may be

4. Higher proportion of overdue assets of the pool or the underlying loan, as the case may be

5. Poor reputation in market

6. Insufficient track record of servicing of the pool or the loan, as the case may be.

Further, investments in securitized debt will be done in accordance with the investment restrictions specified under the SEBI Regulations/ this Scheme Information Document which would help in mitigating certain risks. Currently, as per the Regulations, the Scheme cannot invest more than 10% of its net assets in debt instruments (irrespective of residual maturity) issued by a single issuer which are rated not below investment grade by a credit rating agency authorized to carry out such activity under the Act. Such investment limit may be extended to 12% of the net assets of the Scheme with the prior approval of the Board of Trustees and the Board of the AMC.

4. The level of diversification with respect to the underlying assets, and risk mitigation measures for less diversified investments

The framework which will generally be applied by the Fund Manager while evaluating the investment decision with respect to securitized debt will be as follows:

* denotes % of a single ticket/loan size to the overall assets in the securitized pool.

** LTV Based on chassis value

$ Broad evaluation criteria as per point 3 above

Notes:

1. Retail pools are the loan pools relating to Car, 2 wheeler, micro finance and personal loans, wherein the average loan size is relatively small and spread over large number of borrowers.

2. The information illustrated in the table above is based on current scenario relating to securitized debt market and is subject to change depending upon the change in the related factors.

In addition to the framework stated in the table above, in order to mitigate the risks associated with the underlying assets where the diversification is less, at the time of investment the Fixed Income team could consider various factors including but not limited to -

Ø Size of the loan - the size of each loan is generally analysed on a sample basis and an analysis of the static pool of the originator is undertaken to ensure that the same matches with the static pool characteristics. It also indicates whether there is high reliance on very small ticket size borrower which could result in delayed and expensive recoveries.

Ø Average original maturity of the pool of underlying assets

Ø The analysis of average maturity of the pool is undertaken to evaluate whether the tenor of the loans are generally in line with the average loans in the respective industry and repayment capacity of the borrower.

Ø Loan to value ratio, average seasoning of the pool of underlying assets - these parameters would be evaluated based on the asset class as mentioned in the table above.

Ø Default rate distribution - the Fixed Income team generally ensures that all the contracts in the pool are current to ensure zero default rate distribution.

Ø Geographical distribution - the analysis of geographical distribution of the pool is undertaken to ensure prevention of concentration risk.

Ø Credit enhancement facility - credit enhancement facilities in the form of cash collateral, such as fixed deposits, bank guarantee etc could be obtained as a risk mitigation measure.

Ø Liquidity facility - these parameters will be evaluated based on the asset class as mentioned in the table above.

Ø Structure of the pool of underlying assets - The structure of the pool of underlying assets would be either single asset class or combination of various asset classes as mentioned in the table above. We could add new asset class depending upon the securitization structure and changes in market acceptability of asset classes.

5. Minimum retention period of the debt by originator prior to securitization

The minimum retention period of the debt by the originator prior to securitization and the minimum retention percentage by originator of debts will be as per the guidelines/regulations issued by the RBI/other regulatory agencies from time to time. Also, please refer the table in point 4. The Fund will adopt that policy, whichever is stricter.

6. Minimum retention percentage by originator of debts to be securitized

Same as point 5 above.

7. The mechanism to tackle conflict of interest when the mutual fund invests in securitized debt of an originator and the originator in turn makes investments in that particular scheme of the fund

An investment by the scheme in any security is done after detailed analysis by the Fixed Income team and in accordance with the investment objectives and the asset allocation pattern of a scheme. All investments are made on an arm’s length basis without consideration of any investments (existing/potential) in the schemes made by any party related/involved in the transaction. The robust credit process ensures that there is no conflict of interests when a scheme invests in securitized debt of an originator and the originator in turn makes investments in that particular scheme.

8. The resources and mechanism of individual risk assessment with the AMC for monitoring investment in securitized debt

The resources for and mechanisms of individual risk assessment with the AMC for monitoring investment in securitized debt are as follows:

Ø Fixed Income Team – Currently, the AMC has a 8 member team, which is responsible for credit research and monitoring and fund management, for all exposures including securitized debt.

Characteristics/ Type of Pool Mortgage Loan Commercial Vehicle and Construction Equipment

CAR 2 wheelers Micro Finance Pools

Personal Loans Single Sell down $

Others

Approximate Average maturity (in Months)

Upto 10 years Upto 5 years Upto 5 years

Upto 48 months

Upto 80 weeks Upto 3 years Case by case basis

As and when new asset classes of securitized debt are introduced, the investments in such instruments will be evaluated on a case by case basis

Collateral margin (including cash, guarantees, excess interest spread, subordinate tranche)

In excess of 3%

In excess of 4% In excess of 4%

In excess of 4%

In excess of 5%

In excess of 5%

Case by case basis

Average Loan to Value Ratio 95% or lower 100% or lower ** 95% or lower

95% or lower Unsecured Unsecured Case by case basis

Average seasoning of the Pool Minimum 2 months

Minimum 2 months Minimum 2 months

Minimum 2 months

Minimum 2 weeks

Minimum 2 months

Case by case basis

Maximum single exposure range *

< 5% < 5% NA (retail pool)

NA (retail pool) NA (Very Small retail pool)

NA (retail pool) Not applicable

Average single exposure range % *

< 5% < 5% < 2% < 1% < 1% < 1% Not applicable

Ø Ratings are monitored for any movement – Based on the cash flow report and Fixed Income Team’s view, periodic review of utilization of credit enhancement shall be conducted and ratings shall be monitored accordingly.

Ø For legal and technical assistance with regard to the documentation of securitized debt instruments, the team can make use of resources within the internal legal team and if required take help of our external legal counsel as well.

As per the prevailing SEBI guidelines, the investments in securitised debt instruments will be shown as a separate category under debt instruments in the half yearly disclosure of scheme portfolio.

3. INVESTMENT RESTRICTION

3.1. Foreign Securities

In terms of SEBI Circular dated September 26, 2007 each mutual fund is currently permitted to invest up to US$300 million in Foreign Securities irrespective of the size of the assets. The ceiling for investment in overseas ETFs that invest in securities is US$ 50 million per mutual fund.

Currently, the mutual funds can invest in ADRs/GDRs issued by Indian or foreign companies, equity of overseas companies listed on recognised stock exchanges overseas, Initial and follow on public offerings for listing at recognized stock exchanges overseas, foreign debt securities in the countries with fully convertible currencies, short term as well as long term debt instruments with rating not below investment grade by accredited/registered credit rating agencies, Money market instruments rated not below investment grade, Repos in the form of investment, where the counterparty is rated not below investment grade (repos should not however, involve any borrowing of funds by mutual funds), Government securities where the countries are rated not below investment grade, Derivatives traded on recognized stock exchanges overseas only for hedging and portfolio balancing with underlying as securities, Short term deposits with banks overseas where the issuer is rated not below investment grade and Overseas Exchange Traded Funds (ETFs) that invest in securities. The mutual funds can also invest in the units/securities issued by overseas mutual funds or unit trusts registered with overseas regulators and investing in (a) aforesaid securities, (b) Real Estate Investment Trusts (REITs) listed in recognized stock exchanges overseas or (c) unlisted overseas securities (not exceeding 10% of their net assets). The restriction on the investments in mutual fund units up to 5% of net assets and prohibition on charging of fees shall not be applicable to investments in mutual funds in foreign countries made in accordance with SEBI Guidelines. However, the management fees and other expenses charged by the mutual fund in foreign countries along with the management fee and recurring expenses charged to the domestic mutual fund scheme shall not exceed the total limits on expenses as prescribed under Regulations. Where the scheme is investing only a part of the net assets in the foreign mutual fund(s), the same principle shall be applicable for that part of investment.

3.2. Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)

The Scheme may invest in the units of REITs and InvITs subject to SEBI prescribed limits from time to time. Currently following limits are prescribed by SEBI:

(a) Franklin Templeton Mutual Fund under all its schemes shall own not more than 10% of units issued by a single issuer of InvITs and REITs; and

(b) The Scheme shall not invest:

i. more than 10% of its net assets in the units of REITs and InvITs; and

ii. more than 5% of its net assets in the units of REITs and InvITs issued by a single issuer.

3.3. Repo transactions in corporate debt securities

• The gross exposure of any mutual fund scheme to repo transactions in corporate debt securities shall not be more than 10 % of the net assets of the concerned scheme.

• The cumulative gross exposure through repo transactions in corporate debt securities along with equity, debt and derivatives shall not exceed 100% of the net assets of the concerned scheme.

4. Concept of Macaulay’s Duration

The Macaulay duration is defined as the weighted average time to full recovery of principal and interest payments of a bond i.e. the weighted average maturity of cash flows. The weight of each cash flow is determined by dividing the present value of the cash flow by the price of the bond. It is computed as follows:

n

Macaulay Duration = ∑ (PV) (CFt) x t

t=1 Market Price of Bond

(PV)(CFt) = present value of cash flows of a bond at period t t = time to each cash flow (in years) n = number of periods to maturity

Ø Effective Dates and Exit Option for Merger of Plans under FIGSF and changes in fundamental attributes of the Schemes:

In terms of prevailing regulatory requirements, investors in all Plans under FIGSF and the Schemes (mentioned under table no. 1-24 under the heading “Change in Scheme features”) undergoing fundamental attribute changes are given an option to exit at the prevailing Net Asset Value (NAV) without any exit load, in case they do not wish to continue in the surviving plan post merger/the Schemes post the change in the fundamental attributes. The period of this no load exit offer is from May 3, 2018 to June 1, 2018 (both days inclusive).

The redemption request for this purpose may be submitted at any of Official Points of Acceptance of Transactions (OPAT) of FTMF, and the NAV applicable will be based on the day and time the application is received at any of the designated OPAT. Unitholders who do not exercise the exit option on or before 3.00 pm on June 1, 2018 would be deemed to have consented to the proposed changes.

Unitholders who have pledged their units will need to procure a release of their pledge prior to submitting their redemption request.

Requisite Corporate and Regulatory Approvals:

The merger and changes in scheme features have been approved by the Board of Directors of the Franklin Templeton Asset Management (India) Pvt. Ltd. (investment manager for schemes of Franklin Templeton Mutual Fund) and Franklin Templeton Trustee Services Pvt. Ltd. (the Trustee to the schemes of Franklin Templeton Mutual Fund).

The Securities and Exchange Board of India (“SEBI”) has also vide its letter no. IMDIDF3IOW/P1201 81761911 dated March 09, 2018 and letter no. OW/P/2018/11824/1 dated April 17, 2018 confirmed its no objection to the changes to the Schemes.

Relevant modifications in other Sections of Scheme Information Document/ Key Information Memorandum pertaining to the above-mentioned proposed change in features shall be made. All the other terms and conditions of the Scheme Information Document/ Key Information Memorandum of the Schemes, read with the addenda issued from time to time, will remain unchanged. Any corresponding changes in the Scheme Information Document/ Key Information Memorandum arising out of the aforesaid changes shall be carried in the respective scheme documents to ensure uniformity of provisions.

This addendum forms an integral part of the Scheme Information Document and Key Information Memorandum issued for the Schemes, read with the Addenda.

This addendum is dated April 19, 2018.

For Franklin Templeton Asset Management (India) Pvt. Ltd.

(Investment Manager of Franklin Templeton Mutual Fund)

Sd/-

Sanjay Sapre

President

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.


Franklin Templeton Mutual FundIndiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg,

Elphinstone Road (West), Mumbai 400013

Addendum to the Scheme Information Document of Franklin India Corporate Debt Fund

Change in Exit Load:

The exit load in respect of each purchase of Units of the below mentioned schemes stands revised effective June 11, 2018:

Scheme name Existing Exit Load Revised Exit LoadFranklin India Corporate

#Effective June 04, 2018, Franklin India Income Builder Account was renamed to Franklin India Corporate Debt Fund.

All prior investments continue to be subject to the load structure applicable at the time of the respective investment.

The Trustee / AMC reserves the right to modify / introduce a load / fee / charge at any time in future on a prospective basis, subject to the limits prescribed under the Regulations.

All the other terms and conditions of the Scheme Information Document of the aforesaid schemes, read with the addenda issued from time to time, will remain unchanged.

This addendum forms an integral part of the Scheme Information Document issued for the aforesaid schemes, read with the addenda.

This addendum is dated June 8, 2018.

For Franklin Templeton Asset Management (India) Pvt. Ltd.(Investment Manager of Franklin Templeton Mutual Fund)

Sd/-

Authorised Signatory

Debt Fund# 0.5% if redeemed/switched-out within one year of allotment Nil




Addendum to the Statement of Additional Information, Scheme Information Document and Key Information Memorandum of Franklin India Balanced Fund,

Franklin India Cash Management Account and Franklin India Banking & PSU Debt Fund

Dedicated Fund Manager for Foreign Securities:

Mr. Srikesh Nair has been appointed as Fund Manager, dedicated for making investments in Foreign Securities for the following Schemes of Franklin Templeton Mutual Fund with effect from June 4, 2018.

1. Franklin India Balanced Fund

2. Franklin India Cash Management Account

3. Franklin India Banking & PSU Debt Fund

All the other terms and conditions of the Statement of Additional Information / Key Information Memorandum / Scheme Information Document of the Scheme(s), read with the addenda issued from time to time will remain unchanged.

This addendum forms an integral part of Statement of Additional Information / Key Information Memorandum/Scheme Information Document of the Scheme(s), read with the addenda issued from time to time.

This addendum is dated May 31, 2018.


Sd/-

Sanjay SaprePresident




Addendum to the Statement of Additional Information and Scheme Information Documents of schemes of Franklin Templeton Mutual Fund

Change in Fund Manager:

The Fund Manager(s) of following schemes of Franklin Templeton Mutual Fund shall stand changed effective October 25, 2018: Scheme Name Existing Fund Managers New Fund ManagerFranklin India Credit Risk Fund* Santosh Kamath Santosh Kamath & Kunal AgrawalFranklin India Corporate Debt Fund* Santosh Kamath Santosh Kamath

Umesh Sharma & Sachin Padwal-DesaiFranklin India Income Opportunities Fund Santosh Kamath Santosh Kamath & Kunal AgrawalFranklin India Ultra Short Bond Fund Pallab Roy & Sachin Padwal

DesaiFranklin India Liquid Fund* Pallab Roy & Sachin Padwal-

DesaiFranklin India Savings Fund* Pallab Roy & Sachin Padwal-

Desai

All the other terms and conditions of the Statement of Additional Information and Scheme Information Document of the Schemes, read with the addenda issued from time to time will remain unchanged.

This addendum forms an integral part of the Statement of Additional Information and Scheme Information Document issued for the Schemes, read with the addenda issued from time to time.

This addendum is dated October 24, 2018.


Sd/-

Sanjay Sapre

President

*With effect from June 4, 2018, the name of following schemes has been changed:

Old Scheme name New Scheme name

Franklin India Corporate Bond Opportunities Fund Franklin India Credit Risk Fund

Franklin India Income Builder Account Franklin India Corporate Debt Fund

Franklin India Treasury Management Account Franklin India Liquid Fund

Franklin India Savings Plus Fund Franklin India Savings Fund

Pallab Roy & Santosh Kamath

Pallab Roy & Umesh Sharma

Umesh Sharma & Pallab Roy




Addendum to the Statement of Additional Information of Franklin Templeton Mutual Fund

Change in Key Personnel:

Mr. Krishna Prasad Natarajan, Mr. Arun Gupta and Mr. Nischal Shah have been appointed as key personnel effective January 1, 2019. Their details are as follows:Name Age (years) Qualifications Functions & ExperienceKrishna Prasad NatarajanTotal Experience: 14 years ,

PGDIM, CFA Chennai)

Prior Assignments: • He joined Franklin Templeton Asset

Management in May 2014 and was involved in Equity Research identifying investment opportunities in Indian healthcare, metals and logistics stocks

• Kotak Institutional Equities (Aug 2012 to Apr 2014): Responsible for Equity Research identifying investment opportunities in Indian healthcare stocks

• JM Financial (Sep 2010 to Jul 2012): Responsible for Equity Research identifying investment opportunities in Indian healthcare stocks

• Nomura (Jun 2008 to Aug 2010): Responsible for research of European pharmaceutical stocks

Arun Gupta

• KKR Capital Markets India Pvt. Ltd. and KKR India Financial Services Pvt. Ltd. (June 2013 to Sept 2018): Responsible for risk management.

• CRISIL Ltd (May 2003 to May 2013): Responsible for Credit Ratings and research

Nischal ShahTotal Experience:12 years Management -

Finance specialization,Chartered Accountant,Chartered Finance Analyst (USA),Bachelor of Commerce

Mr. Vikas Chiranewal has ceased to be the key personnel of Franklin Templeton Asset Management (India) Pvt. Ltd., effective January 1, 2019.

All the other terms and conditions of the Statement of Additional Information, read with the addenda issued from time to time will remain unchanged.

This addendum forms an integral part of the Statement of Additional Information, read with the addenda issued from time to time.

This addendum is dated January 3, 2019.


Sd/-

Sanjay Sapre

President

37 B.E. (Chemical Vice President, Research will be responsible for Engineering) investments and fund management (based at

39 Chartered Vice President & Head of Credit (based at Total Experience: Accountant, Mumbai)17 years Bachelor of

Commerce Prior Assignments:

35 Post Graduate Vice President & Senior Research Analyst (based Diploma in at Mumbai)

Prior Assignments: • Reliance Nippon Life Asset Management Co Ltd

(Dec 2010 to Dec 2018): Responsible for credit research

• ICRA Ltd (Jun 2009 to Dec 2010): Responsible for credit research




Addendum to the Statement of Additional Information and Scheme Information Documents of schemes of Franklin Templeton Mutual Fund

Change in Fund Manager:

The Fund Manager(s) of following schemes of Franklin Templeton Mutual Fund shall stand changed effective January 1, 2019: Name of the Scheme Existing Fund Managers New Fund ManagerFranklin India Equity Hybrid Fund* • Lakshmikanth Reddy (Equity)

• Sachin Padwal-Desai & Umesh Sharma (Debt)

• Srikesh Nair (dedicated for foreign securities) • Srikesh Nair (dedicated for foreign

securities) Franklin India Debt Hybrid Fund* • Sachin Padwal-Desai & Umesh

Sharma (Debt)• Lakshmikanth Reddy (Equity)• Srikesh Nair (dedicated for foreign

securities) •Srikesh Nair (dedicated for foreign securities)

Franklin India Pension Plan • Sachin Padwal-Desai & Umesh Sharma (Debt)

• Lakshmikanth Reddy (Equity) • Lakshmikanth Reddy & Krishna Prasad Natarajan (Equity)

Templeton India Equity Income Fund • Vikas Chiranewal & Srikesh Nair • Lakshmikanth Reddy & Anand Radhakrishnan

• Srikesh Nair (dedicated for foreign securities)

Templeton India Value Fund • Vikas Chiranewal • Anand Radhakrishnan & Lakshmikanth Reddy

All the other terms and conditions of the Statement of Additional Information and Scheme Information Document of the Schemes, read with the addenda issued from time to time will remain unchanged.This addendum forms an integral part of the Statement of Additional Information and Scheme Information Document issued for the Schemes, read with the addenda issued from time to time.This addendum is dated December 28, 2018.


Sd/-

Sanjay Sapre

President

*With effect from June 4, 2018, the name of following schemes has been changed:

Old Scheme name New Scheme name

Franklin India Balanced Fund Franklin India Equity Hybrid Fund

Franklin India Monthly Income Plan Franklin India Debt Hybrid Fund

Templeton India Growth Fund Templeton India Value Fund

• Lakshmikanth Reddy &Krishna Prasad Natarajan (Equity)

• Sachin Padwal-Desai & UmeshSharma (Debt)

• Sachin Padwal-Desai & UmeshSharma (Debt)

• Lakshmikanth Reddy & KrishnaPrasad Natarajan (Equity)

• Sachin Padwal-Desai & Umesh Sharma (Debt)




Addendum to the Scheme Information Documents of schemes of Franklin Templeton Mutual Fund

Change in Benchmark Indices:

The Benchmark Indices of following schemes of Franklin Templeton Mutual Fund shall stand changed effective February 11, 2019:Scheme Name Existing Index New Index Justification for new benchmarkTempleton India MSCI India Value S&P BSE 500 BSE 500 is a broad-based index and is

considered a good representative of the scheme’s investment universe. Further, BSE 500 is a suitable benchmark for Templeton India Value Fund from the point of view of accessibility to target domestic investors.

Templeton India S&P BSE 200 Nifty Dividend This index is constructed from 50 best dividend

yield companies picked from the companies listed on NSE.

Franklin India Nifty 500 Nifty LargeMidcap 250 Nifty LargeMidcap 250 index is a good fit for the

All the other terms and conditions of the Statement of Additional Information and Scheme Information Document of the Schemes, read with the addenda issued from time to time will remain unchanged.

This addendum forms an integral part of the Statement of Additional Information and Scheme Information Document issued for the Schemes, read with the addenda issued from time to time.

This addendum is dated February 08, 2019.


Sd/-

Sanjay SaprePresident

Value Fund

Fund is positioned in the dividend yield category.Equity Income Fund Opportunities50

Equity Advantage fund in terms of its construction and Fund composition. Nifty LargeMidcap 250 index is

constructed from top 250 companies by market capitalization listed on NSE.

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