Mumbai, Apr 29 (PTI) Franklin Templeton Alternative Investments on Tuesday announced the first close of Rs 205 crore for its alternative investment fund.

The Franklin India Credit AIF has a target corpus of Rs 1,000 crore, which will be invested in debt securities, as per a statement.

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***** Axis Finance launches home loan for low-income group

* Non-bank lender Axis Finance on Tuesday launched a home loan product for economically weaker sections and low-income groups.

The Axis Bank arm will deliver hyper localisation of products, speed of execution, it said in a statement.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)