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Business EconomyPosted at: Jul 26 2022 8:11PM


Franklin Templeton to launch Franklin India Balanced Advantage Fund

Hydderabad ,July 26 (UNI): Franklin Templeton (India) ,one of the largest foreign fund houses in the country,
is launching an open-ended dynamic asset allocation fund called Franklin India Balanced Advantage Fund (FIBAF).
The fund intends to generate long-term capital appreciation and income generation by investing in a dynamically managed portfolio of equity and equity related instruments and fixed income and money market instruments, the company said in a release on Tuesday.
Offers tactical allocation between equity and debt based on market valuations and fundamental factors-driven views, the product is suitable for those who are not only keen to take advantage of the growth opportunities in equities, but also prefer to reduce the impact of market volatility.
The New Fund Offer opens on August 16, 2022, and will close on August 30, 2022, during which units will be available at Rs.10 per unit.
Speaking on the launch of the fund, Avinash Satwalekar, President, Franklin Templeton–India, said, We are excited to bring another diversified investment offering that helps investors navigate through changing markets, in a simple and efficient manner.
This new fund is for investors looking for a balanced exposure to equity and debt over the longer term while also capitalizing on opportunities provided by the market from time to time. Apart from the benefits of diversification, this formula-driven approach with its in-built ‘buy-sell’ discipline helps to negate the behavioural biases caused due to emotions of greed and fear", he added.
Commenting on the fund launch, Anand Radhakrishnan, Managing Director & Chief Investment Officer – Emerging Markets Equity - India, Franklin Templeton, said, the scheme will endeavour to invest in high quality instruments with over 80 percent of fixed income portfolio in AAA-rated papers. This makes it suitable for investors looking for the best of both worlds.
“The asset allocation is derived from Franklin Templeton’s in-house proprietary dynamic asset allocation model and an active stock selection process similar to a flexi-cap portfolio. We believe this will help improve outcomes for investors by enabling them to stay invested over longer periods", Anand added .T
The fund is eligible for equity taxation if the allocation to equity asset class is above 65% for the year.
The Fund will also offer investors a systematic withdrawal facility that will allow them to withdraw a fixed amount at a pre-defined frequency subject to conditions mentioned in Scheme Information Document.
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