Franklin Templeton (India) has announced the launch of Franklin India Multi Asset Allocation Fund (FIMAAF), an open-ended multi asset allocation fund investing in equity, debt and commodities.

The new fund offer or NFO of the fund will open for subscription on July 11 and will close on July 25. During the NFO period, the units will be available at Rs 10 per unit. The fund will reopen for continuous sale and repurchase on August 4.

This dynamically managed fund will aim to generate long-term capital appreciation by investing in equities with a blend of growth and value strategies across large, mid and small cap segments, complemented by allocations to debt, money market instruments, and commodities, according to a press release by the fund house.

"The launch of this fund reflects our commitment to understanding our clients priorities, goals and challenges and delivering solutions that are aligned with their long-term financial objectives. FIMAAF adopts a flexible allocation strategy that is designed with an aim to leverage the distinct risk-return profile of equities, fixed income, and commodities, said Avinash Satwalekar, President, Franklin Templeton India