Jamshedpur, June 22: Franklin Templeton Investments inaugurated a new office here on Wednesday. The office is set up in the centrally located Fair Deal Complex, Bistupur.
Speaking on the occasion, Peshotan Dastoor, National Sales Director, Franklin Templeton India said, “Mutual funds offer both variety and convenience besides various other advantages. Key advantages are diversification across asset classes, professional investment expertise, economies of scale, tax efficiencies and lower ticket size (minimum investment of Rs.500 per month), among others.
Even though mutual funds do not offer assured returns, they have the potential to comfortably beat inflation over the long run.”
Dastoor further added, “While mutual funds as an investment avenue have found more acceptance in recent years, their share of household savings continues to be low, especially in comparison to the share of mutual funds in developed markets like US.
Hence, we see a lot of potential for the industry to grow over the coming years.”
Franklin Templeton manages one of the most comprehensive range of mutual funds catering to a host of varied investor requirements, offering different investment styles to choose from.
It has offices in 33 cities and Collection Centres in over 100 locations across the country.
The fact that it has 24 funds in its stable that have a performance track record of over 10 years is a reflection of the depth and experience of its investment team.