Franklin Templeton is to offer its range of Indian funds to the offshore market through its Mauritiu...
Franklin Templeton is to offer its range of Indian funds to the offshore market through its Mauritius base and via third-party distributors. The move comes as changes are being considered to the Indian investment rules, which currently disallow non-Indians from investing in domestic funds and non-resident Indians (NRIs) from doing so without a tax penalty and even prevent fund managers of domestic money from operating abroad. By going through feeder funds in Mauritius, the NRI market can now access two of the funds in the domestic range, the Franklin India Bluechip and Templeton India Inc...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
