Franklin Templeton Mutual Fund

Franklin Templeton Mutual Fund

Franklin Templeton Investments’ inception dates back to 1947. Since its foundation, the company has offered asset management service for retail, institutional, and high-value clients.

It not only offers mutual funds but also other investment vehicles like exchange traded funds (ETFs), private funds, and separately-managed accounts. Under these vehicles, the company offers schemes like equity, fixed income, multi-asset, and alternatives. Franklin Templeton Investments also offers a platform for portfolio, trading, research, and investment risk management.

Currently, Franklin Templeton has presence in over 34 countries. It has more than 600 investment professionals and employs in excess of 9,500 individuals. The company has $724.1 billion assets under management worldwide.

Franklin Templeton in India

Franklin Templeton Investments began its operations in India back in 1996 under the name Templeton Asset Management India Pvt. Ltd. The trust, Franklin Templeton Mutual Fund, is registered with SEBI under the registration number MF/026/96/8.

The first fund that the company offered in September 1996 was the Templeton India Growth Fund. In India, the Franklin Templeton has 21 funds that have completed 10 years and several others that have crossed the 20-year mark.

Back in 2002, the company acquired another fund house – Pioneer ITI AMC Ltd. (a joint venture between Pioneer and the Investment Trust of India) to become the largest mutual fund in India after Unit Trust of India.

Franklin Templeton Investments is one of the few asset management companies that offer an in-house registrar for its clients for better service management and quality.

The company also offers loyalty programs where clients can get to engage with the fund management team, get invited to external management development programs, annual thought leadership platforms, and other extensive engagement events.

Templeton Asset Management India Pvt. Ltd. has also undertaken various CSR initiatives like:

  • Installation of 4 water purifier plants to support 6000 families in partnership with the Bala Vikasa Social Service Society.
  • Facilitate the process of providing 5000 rickshaws in partnership with the American India Foundation Trust.
  • Establish 50 camps to impart vocational skills to 2000 youth in partnership with the Kherwadi Social Welfare Association.
  • Providing support to about 2353 girl children in Chennai in partnership with the K. C. Mahindra Educational Trust.
  • Adoption of Abhudaya English Medium School, Mumbai in partnership with The Akanksha Foundation.

As per Statement of Additional Information (SAI) provided by SEBI, FTI had a total income of $6,392.2 million, profit after tax of $1,696.7 million, and a net worth of $14877.7 million back in 2017.

As of 31 March 2022, Templeton Asset Management India Pvt. Ltd. currently offers around 197 schemes with an asset under management (AuM) of Rs. 62876.29 Crore.