Franklin Templeton to launch Franklin India Balanced Advantage Fund

Franklin Templeton (India) is launching an open-ended dynamic asset allocation fund named Franklin India Balanced Advantage Fund (FIBAF). The fund's objective is to generate long-term capital growth and income by investing in a dynamically managed portfolio of equities and equity related instruments and fixed income and money market instruments.

FIBAF provides strategic allocation between equity and debt based on market valuation and considerations driven by fundamental factors. This product is suitable for those who are willing to not only take advantage of growth opportunities in equities but also like to mitigate the effects of market volatility. The new fund offer will open on August 16, 2022 and will close on August 30, 2022, during which units will be available @ Rs.10/- per unit.

Speaking at 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 the changing markets in a simple and efficient manner. We look forward to starting a new chapter of growth in India, and the launch of FIBAF is a first in that direction. “This new fund is for investors who want to make a balanced investment in equities and debt over a long period of time, while also taking advantage of the opportunities provided by the market from time to time. In addition to the benefits of diversification, this formula-driven approach with its built-in 'buy and sell' discipline helps to negate behavioral biases caused by feelings of greed and fear."

Commenting on the fund launch, Anand Radhakrishnan, Managing Director and Chief Investment Officer - Emerging Markets Equity India, Franklin Templeton, said, "Global equity markets have recovered in recent months due to inflation, interest rates and the ongoing geopolitical The tension remains unsettled amidst many adversity.