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

Nov 26 2013, 19:28 IST
Comments 0
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. Reuters 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. Reuters
SummaryFranklin Templeton Mutual Fund said the current equity market conditions are conducive for investors.

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.

Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...