Franklin Federal Tax-Free Income Fund is an open ended fixed income mutual fund launched by Franklin Resources, Inc. The fund is managed by Franklin Advisers, Inc. It invests in fixed income markets of the United States. The fund primarily invests in municipal securities free from federal income taxes, including the federal alternative minimum tax.What is Franklin income mutual fund?
The Franklin Income Fund (FKINX, assets $77.94bn is a mutual fund in Morningstar's "conservative allocation" category and "large/value" style box. The fund was created in 1948 and has paid uninterrupted dividends for 60 years. The Franklin Income Fund is constructed primarily of dividend-paying stocks and bonds (2%).