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Rupee debt funds hit the market

Franklin Templeton Mutual Fund is marketing a product called the Fixed Tenure Fund-Series XIV-Plan A. This three-year term close-ended scheme seeks to invest in fixed income, with a focus on India but with an option to invest in the debt of other countries. The fund’s benchmarked returns will be 20% weighted towards the S&P CNX 500, 70% weighted to the…

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