The fund, which is now available for investors in the Middle East, seeks to provide capital appreciation through investments in Indian companies/sectors with high growth rates. The New Fund Offer period is from July 15, 2007 to July 25, 2007 during which, units will be available at US$10 per unit (plus applicable load). Ongoing sales will commence on July 30, 2007.
On the rationale for launching the new fund, Mr. Harshendu Bindal, Senior Director, Franklin Templeton Investment Management Limited said, "The changing investment landscape in India along with a growing recognition of the long-term potential has led to increased interest for equities amongst investors. At the same time, a large number of investors are looking for an equity product that focuses on achieving capital appreciation through fast growing Indian companies. To cater to this need, we are now launching Franklin India High Growth Companies Fund. It will adopt a growth style of investing unlike other Franklin equity funds, which follow a blended investment style."
Elaborating further, he said, "In a rapidly growing economy like India, a growth style has performed better and is likely to sustain this performance (albeit with higher volatility) if the economy continues to grow at a rapid pace. Overall, this fund will help us in broad basing our equity product offerings and cater to the growing segment of equity investors looking for a high growth equity offering in their portfolio."
Speaking about the fund's strategy, Mr. Sivasubramanian K.N., Senior Portfolio Manager, said, "The economic and corporate fundamentals continue to be strong and India is projected to become one of the largest economies in the world. Given that Indian companies (enjoying various competitive advantages) are growing at a rapid pace and have the potential to grow at above-average rates in the years to come, FIHGCF's growth-focussed strategy of investing in such stocks will help investors capture the growth potential of corporate India in a comprehensive manner."
He added, "The fund's focus will be on companies offering the best trade-off between growth, risk and valuation. We will be looking for sustainable competitive advantages - proprietary intellectual property, strong management, distribution/cost advantages, or entry barriers specific to the respective sector. The fund will be managed based on a mix of top-down (macro analysis to identify sectors) and bottom-up approach (micro analysis to pick stocks within these sectors)."
Browse
related articles
Franklin Templeton Investments launches Franklin India High Growth Companies Offshore Fund
- United Arab Emirates: Sunday, July 22 - 2007 at 10:08
- PRESS RELEASE
Franklin Templeton Investments, a global investment management company, has launched a new open-end diversified equity fund called Franklin India High Growth Companies Offshore Fund ('FIHGCF').
Also consider reading:
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Log in to request more information from Franklin Templeton Investments
Notes and media contacts
About Franklin TempletonFranklin Templeton established its presence in the Gulf region in October 2000. The Dubai branch of Franklin Templeton Investment Management Limited ("FTIML") is regulated by the Dubai Financial Services Authority. FTIML is incorporated and registered in the United Kingdom, it is authorised and regulated in the UK by the Financial Services Authority. Through its distribution partners the firm offers a wide range of offshore investment fund choices that have become very popular in a short period of time. Franklin Templeton Investment Management Limited, is a wholly owned subsidiary of Franklin Resources, Inc., a global investment organization operating as Franklin Templeton Investments.
Franklin Templeton Investments is one of the largest financial services groups in the world based at San Mateo, California USA. The group has approximately US$624 billion in assets under management globally (as of June 30, 2007). Franklin Templeton has 60 years of experience in investment management and with offices in 29 countries, provides investment management and advisory services to a client base of over 17 million unit holder accounts.
Franklin India High Growth Companies Offshore Fund - Key facts about the NFO
Issue opens : July 15, 2007
Issue closes : July 25, 2007
Reopens for ongoing sales : July 30, 2007
Minimum Investment Amount : US$ 5000
Fund Manager(s) : K.N. Sivasubramanian & Anand Radhakrishnan
Franklin Templeton Investments and its management groups have exercised professional care and diligence in the collection and processing of the information in this report. However, the data used in the preparation of this presentation were provided by third-party sources and Franklin Templeton Investments has not independently verified, validated or audited such data. This presentation is intended to be of general interest only, and does not constitute professional advice. Franklin Templeton Investments makes no representations or warranties with respect to the accuracy of this presentation. Franklin Templeton Investments shall not be liable to any user of this report or to any other person or entity for the inaccuracy of information contained in this presentation or for any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission.
The price of the shares of the fund and the income received from the fund can go down as well as up, and investors may not get back the full amount invested. Past performance is no guarantee of future performance.
Furthermore, to the extent permitted by law, Franklin Templeton Investments, its members, employees and agents accept no liability and disclaim all responsibility for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this report or for any decision based on it.
Issued by the branch of Franklin Templeton Investment Management Limited in Dubai ("FTIML"), authorised and regulated in the UK by the Financial Services Authority and regulated in Dubai by the DFSA. This marketing material is directed at wholesale customers and not Retail Customers. Please be aware that the financial products and financial services offered by FTIML in Dubai are only available to individuals deemed by FTIML to satisfy the regulatory criteria to be a Client.
For further information, please contact:
Mr. Dhiraj Rai
Sales Director - Gulf & Eastern Mediterranean
Franklin Templeton Investment Management Limited
Dubai, UAE
Tel: +971 - (0)4 - 4284100/050-6681437
Ms. Ayesha Tully
Watermelon PR
Dubai, UAE
Tel: +971 - (0)4 - 2833 655/ 050- 456 4518
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, July 22 - 2007 at 10:08 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds