A Welcome Move By Franklin Templeton
A journey of 1000 miles begins with a single step. The recent step taken by Franklin Templeton India, one of the largest asset management companies (AMC) in India, will help mutual fund investors to earn more on their investments. The fund house has abolished exit loads charged to investors switching from regular to direct plans of its open-ended funds. As regular plans have higher expense ratio, they earn lesser than the direct plans. In the short term, the difference between the returns may not be substantial, but in long run, say 10-15 years, the difference may be sizeable.
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