Franklin Templeton Mutual Fund
Level 4, Wockhardt Towers, Bandra Kurla Complex, Bandra (East), Mumbai 400051
Addendum to the Offer Documents of schemes of Franklin Templeton Mutual Fund
1. Change in AMC shareholding pattern:
Franklin Templeton Holding Ltd., Mauritius has acquired 25% of the paid up equity
capital of Franklin Templeton Asset Management (India) Pvt. Ltd., the AMC, held by
Hathway Investments Ltd. and its associates, thereby acquiring 100% of the AMC’s paid
up capital. Accordingly, the first paragraph under the title “INVESTMENT MANAGER”
in the section CONSTITUTION / MANAGEMENT OF THE MUTUAL FUND” is
substituted with the following paragraph:
“Franklin Templeton Asset Management (India) Private Ltd. is a private limited
company incorporated under the Companies Act, 1956 on October 6, 1995, having its
Registered Office at Level 4, Wockhardt Towers, Bandra - Kurla Complex, Bandra (East),
Mumbai 400051. Franklin Templeton Asset Management (India) Private Ltd. has been
appointed as the Asset Management Company of the Mutual Fund by the Trustee vide
Investment Management Agreement (IMA) dated January 5, 1996, executed between
Franklin Templeton Trustee Services Pvt. Ltd and Franklin Templeton Asset
Management (India) Pvt. Ltd., as amended by the Supplemental Investment
Management Agreement dated August 26, 2005. The entire (100%) paid up capital of the
Investment Manager is held by Franklin Templeton Holding Ltd., Mauritius and its
nominees. Franklin Templeton Holding Ltd. is a wholly owned subsidiary of Templeton
Asset Management Ltd. Singapore, which is a wholly owned subsidiary of Templeton
International Inc., a wholly owned subsidiary of Templeton Worldwide Inc., which in
turn is a wholly owned subsidiary of Franklin Resources Inc. The Investment Manager
was approved by SEBI to act as the AMC for the Mutual Fund vide their letter
No.IIMARP/406/96 dated February 19, 1996.”
2. Resignation of Director of the AMC:
Mr. Rajan Raheja has resigned as the Director of Franklin Templeton Asset Management
(India) Pvt. Ltd., the AMC, w.e.f. April 03, 2007.
3. Changes in Key Personnel:
a. Mr. Satish Ramanathan, Vice President and Portfolio Manager, ceases to be a part of
Franklin Templeton Asset Management India Pvt. Ltd., the AMC w.e.f. March 31,
b. Mr. Abhinav Kumar has been appointed as Fund Manager in Franklin Equity Team
w.e.f. April 02, 2007. His details are as follows:
Abhinav Kumar, Senior Manager and Portfolio Manager (based at Chennai)
Age: 25 Years; Qualifications: PGDBM. Functions & Experience (up to past 3 years):
Franklin Templeton Asset Management (India) Pvt. Ltd. (January 2006 till date).
Fund Manager and Research Analyst, responsible for research support on
pharmaceutical and real estate sectors. Fidelity Investments (2004–2005): he was
responsible for providing research support on pharmaceuticals sector.
c. The following schemes earlier managed by Satish Ramanathan are now being
managed by the fund managers mentioned against the respective scheme:
Schemes Fund Managers
• Franklin India Smaller Companies Fund K. N. Sivasubramanian
• Franklin India Prima Plus R. Sukumar
• Franklin India Taxshield Anand Radhakrishnan
• Franklin Pharma Fund Anand Radhakrishnan
• Franklin India Bluechip Fund K. N. Sivasubramanian
d. Mr. Sandeep Singh, Senior Vice President, has been appointed as a key personnel of
the AMC. His details are as follows:
Mr. Sandeep Singh, Senior Vice President & National Sales Head (based at
Mumbai) Age: 38 Years; Qualifications: B.E., MBA. Functions & Experience: (Total
Experience: 13 years) Franklin Templeton Asset Management (India) Pvt. Ltd. (April
1998 till date). Responsible for Sales and distribution for Franklin Templeton’s India
Office. Responsible for Retail Sales and Distribution for Franklin Templeton’s India
Office (2003 onwards). Regional Head – North (2000-2003), responsible for business
development in Northern India. Regional Sales Manager – East (1998-2000),
responsible for business development in Eastern India. Cholamadalam Cazenove
AMC Ltd. Senior Manager – Sales & Marketing (1996-1998), responsible for Sales and
Addendum to the Offer Document of Templeton India Pension Plan (TIPP):
Revised Entry Load Structure for TIPP w.e.f. April 16, 2007:
Existing Entry Load Revised Entry Load
All prior investments continue to be subject to the load structure at the time of their
original investments, as may be applicable.
The Trustee reserves the right to increase/decrease/introduce a Load/Fee at any time in
future on a prospective basis. However such increase/decrease/introduction would be
subject to the limits prescribed under the Regulations.
Addendum to the Offer Document of Franklin Templeton Capital Safety Fund
The AMC has appointed Karvy Computershare Private Limited (Karvy) having its
office at Karvy Plaza, H. No.8-2-596, Street No.1, Banjara Hills, Hyderabad 500 034 as the
Registrar & Transfer Agents for FTCSF.
The Trustee and the Investment Manager have satisfied themselves that Karvy can
provide the services required and have adequate facilities, including system capabilities
and back up, to discharge its various obligations as Registrar & Transfer Agent as
provided in the regulations and has sufficient capacity to handle investor complaints.
The Investment Manager has also satisfied itself that Karvy has been duly registered
with SEBI to carry out such activities vide Registration No. INR000000221 and the
registration is valid till date.
All the other terms and conditions of the respective schemes’ Offer Documents will
This addendum forms an integral part of the Offer Documents issued for respective
schemes, read with the addenda.
This addendum is dated April 5, 2007.
For Franklin Templeton Asset Management (India) Pvt. Ltd.
(Investment Manager of Franklin Templeton Mutual Fund)
Pl. use these risk factors for advt.
Scheme Classification & Objectives: TIPP is an open end tax saving scheme whose objective is to
provide investors regular income under the Dividend Plan and capital appreciation under the
Growth Plan. FTCSF is a capital protection oriented fund that endeavours to protect the capital by
investing in high quality fixed income securities as the primary objective and generate capital
appreciation by investing in equity and equity related instruments as a secondary objective. The
scheme offered is “oriented towards protection of capital” and “not with guaranteed returns”.
Further, the orientation towards protection of the capital originates from the portfolio structure of
the scheme and not from any bank guarantee, insurance cover etc. As per the SEBI guidelines, the
AMC shall not repurchase the Units of the Scheme before end of the maturity period. Load
Structure: Entry Load: 1%, Exit Load: 3% (if redeemed before the age of 58 years); Nil (if
redeemed after the age of 58 years). The Target amount in both the cases should be Rs.10,000/-.
All investments in TIPP (including investments under Systematic Investment Plan & Systematic
Transfer Plan) are subject to a lock-in for a period of 3 financial years. Risk Factors: All
investments in mutual funds and securities are subject to market risks and the NAVs of the
schemes may go up or down depending upon the factors and forces affecting the securities
market including the fluctuations in the interest rates. There can be no assurance that the
schemes’ investment objectives 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 schemes. The Mutual Fund is not guaranteeing or assuring any dividend
under any of the schemes and the same is subject to availability and adequacy of distributable
surplus. The investments made by the schemes are subject to external risks. Please read the offer
documents carefully before investing. Statutory Details: Franklin Templeton Mutual Fund in
India has been set up as a trust by Templeton International Inc. (liability restricted to the seed
corpus of Rs.1 lac) with Franklin Templeton Trustee Services Pvt. Ltd. as the Trustee (Trustee
under the Indian Trusts Act, 1882) and with Franklin Templeton Asset Management (India) Pvt.
Ltd. as the Investment Manager. The Fund offers NAVs, purchases and redemptions on all
business days except during the period when there is a book closure.