The Franklin India Multi-Factor Fund (FIMF), an open-ended equity scheme following a multi-factor quantitative investment strategy, will open for subscription between November 10-24. The fund is designed to complement, not replace, the traditional fundamental way of investing, Franklin India said.
The decision is restricted to six funds which, the company said, have material direct exposure to the higher-yielding, lower-rated credit securities in India that have been most impacted by the ongoing liquidity crisis in the market.