Insights

Modification in Maximum Application amount for SIP / STP of Franklin India Smaller Companies Fund

July 16, 2024 . FundsIndia Desk

Please be informed that effective July 15, 2024, the maximum application amount in Franklin India Smaller Companies Fund will be modified as follows:

  • The maximum application amount through Systematic Investment Plan (SIP) and/or Systematic Transfer Plan (STP) will increase from ₹50,000 to ₹2,00,000 per PAN level per month (first holder/Guardian).

This change will not affect SIP or STP or other special products registered before the effective date, nor will it impact unitholders under the IDCW Reinvestment Option. As stated in the Scheme Information Document (SID), the Trustees have the right to discontinue subscriptions under the Scheme for a specified period or until further notice.

For more details, please read the addendum.

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