By Samachar Digital News
Munbai 14th March, 2019:- Franklin Templeton, a leading foreign fund house in the country, is
celebrating a remarkable journey through India’s economic & corporate
evolution with Franklin India Blue chip Fund and Franklin India Prima Fund, two
of the oldest equity funds that have completed 25 years. The two schemes were the first to be
launched in December 1993 after the mutual fund industry was thrown open to the
private sector.
Speaking on the occasion, Vivek Kudva,
Managing Director, EMEA & India, Franklin Templeton commented that the
25-year journey has been quite eventful. Our experience has given us a better
understanding of the Indian Asset Management industry as well as the challenges
and nuances of managing a rapidly growing, digitally enabled business, driven
by rising investor expectations. He added further that the industry is
moving into the next phase of growth due to a growing middle class with rising
incomes, a shift in savings from gold and real estate to financial assets, a
gradual reduction in the relative size of the informal economy, a large and
growing millennial population and widespread digitalization of investments. We look forward to continue to help our investors ‘Reach For Better’ with
wealth creation opportunities backed by our global and local asset management
expertise.
Elaborating further on the occasion, Sanjay Sapre, President, Franklin Templeton - India said that we
are proud that our schemes have helped investors achieve their financial goals
over the past twenty-five years. To perform consistently and create wealth for
investors over two and a half decades is a testimony to the investment
philosophy of Franklin Templeton and a reflection of the depth and experience
of our investment team. In this 25 year journey, we have built a small but well
diversified product line up. Out of our 35 open-end funds, 9 funds have a 20
plus year track record including two with a 25-year history, and another 17
funds have a 10 year plus history. In all, more than two-third of our funds have
over a decade of performance to showcase. We recently entered Alternative
Investment Funds (AIFs) business. We plan
to build a robust alternatives platform over the long term and bring some of
our global capabilities in this space to India. Solutions-based products are another
area of focus for us in India and globally, and we aim to not only launch
relevant products, but also partner with investors and distributors to create
custom solutions.
Speaking about the experience, Anand
Radhakrishnan, Managing Director & Chief Investment Officer–Emerging Markets
Equity, Franklin Templeton-India said that markets often throw up
surprises and investing is a continuous learning process. The track record of
these funds is an indication that equities can potentially yield good results
over a longer time horizon. The experience of investing through market cycles
has helped us realize that the key to successful investing is a level head,
ability to ignore the noise and having a long-term perspective. It also
highlights the discipline that we followed as a team in steering these funds
across market cycles. The role of individual judgement aided by a team of
continuously evolving researchers cannot be under emphasized at this
moment. After
all, longevity is one of the key factors that best explains quality of results.
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