Current market good for long-term exposure: Franklin Templeton Mutual Fund

Written by PTI | Mumbai | Updated: Nov 27 2013, 00:58am hrs
FranklinThe fund house highlighted the good show by two of its equity fund schemes -- Franklin India Bluechip Fund and Franklin India Prima Fund --over the past two decades. Reuters
Franklin Templeton Mutual Fund today said the current equity market conditions are conducive for investors to take long-term exposure.

"We believe the current market conditions are conducive for taking long-term exposure in the domestic equities market. Most of the risks appear to be priced in and we are confident that the economy and and corporates will benefit from a turnaround in the next year or so," Franklin Templeton India managing director Vivek Kudva told reporters.

The fund house highlighted the good show by two of its equity fund schemes -- Franklin India Bluechip Fund and Franklin India Prima Fund --over the past two decades.

"The track record of these two funds is an indication that equities can potentially yield good results over a longer time horizon," chief investment officer K N Sivasubramanian said.

As per the fund house, though the industry has seen redemption by equity investors recently, retail investors should take a long-term view of equities and stay invested for better returns.

The AMC had an average AUM of Rs 43,688 crore as of the September quarter.