Franklin Templeton Mutual Fund on Wednesday announced the change in scheme name of "Franklin India Saving Fund" to "Franklin India Money Market Fund", with effect from May 15, 2023.

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Franklin India Saving Fund is an open ended debt scheme investing in money market instruments. The scheme is categorised as a Money Market Fund.

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"In order to align the scheme name with category of the scheme, the name of “Franklin India Saving Fund” stands changed to “Franklin India Money Market Fund” (Scheme) with effect from May 15, 2023," an official statement from Franklin Templeton Mutual Fund stated.

"All the other terms and conditions of the Statement of Additional Information, Scheme Information Document & Key Information Memorandum of the Scheme, read with the addenda issued from time to time will remain unchanged," it added.

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