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Franklin Templeton Mutual Fund
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Franklin
Templeton Investments is one of the largest financial services groups
in the world based at San Mateo, California USA. The group has US$
464.8 billion in assets under management globally (as of Dec 31, 2005).
Franklin Templeton has offices in 33 locations across India and
manages assets of Rs.16656.17 crores for around 11 lakh investors
as of December 31, 2005
Franklin Templeton's association with India dates back
to more t han a decade as an investor. As part of the group's major thrust on investing in markets around the world,
the India office was set up in 1996 as Templeton Asset Management India Pvt. Limited. It flagged off the mutual
fund business with the launch of Templeton India Growth Fund in September 1996, and since then the business has
grown at a steady pace.
Since starting its operations in India, Franklin Templeton has invested
a considerable amount of time, effort and resources towards investor
and distributor education, the belief being - to be successful in
the long term, the fundamentals need to be corrected, at whatever
cost! This has resulted in various advertising campaigns aimed at
educating investors, participation in seminars and distributor training
programs. Franklin Templeton has played a pivotal role in steering
the industry to its current stage, and as long term players, we continue
to strive to achieve the objective of 'making mutual funds an investment
of choice' for both individual and institutional investors.
In July 2002, Franklin Templeton India acquired Pioneer ITI, another
leading fund house in India to create an organization with rich
investment experience over market cycles, one of the most comprehensive
product portfolios, footprint across the country and an in-house
shareholder servicing function. The huge synergies that existed
in the two organizations have helped the business grow at a rapid
pace, catapulting the company to among the top two fund houses in
India.
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