Franklin Templeton Turns to Fixed Income to Fuel India Growth

Franklin Templeton is betting that Indian investors’ rising interest in fixed income will power the next leg of its growth in the country, where it is regaining ground after a credit crunch six years ago.

The fund manager, which oversees more than 1.2 trillion rupees ($12.6 billion) of assets in the country, is expanding its fixed income offerings while also launching new products across retirement schemes, specialized investment funds and alternatives, said Avinash Satwalekar, president of Franklin Templeton Asset Management (India) Pvt Ltd.