Franklin Templeton Investments (India), one of the largest fund houses in the country*, today announced the launch of Franklin Templeton Family Solutions. This is a pre-packaged investment solution positioned at investors seeking convenient ways to plan for their financial goals and would appeal to investors who want to take advantage of the time-tested model of asset allocation while planning their financial strategy. It helps Indian investors plan and invest for their life goals such as retirement and children along with long term wealth creation.
On the rationale for launching the new initiative, Harshendu Bindal, President, Franklin Templeton India said, “The changing nature of the financial markets has resulted in an increased focus on investment concepts such as financial planning, and the importance of asset allocation. For achieving life goals, investors are beginning to recognize the need to have a long term perspective and move towards a solution based approach from a product based approach. On the other hand, in the new regulatory environment, smaller distributors need the option of a simple asset allocation solution that they can recommend in a cost effective manner to their wider audience base. Family Solutions caters to this need from both investors and distributors. The various features make it an ideal investment avenue for retail investors and distributors seeking a singular solution for all their investment needs.”
Elaborating further, he added “This investment solutions package simplifies the investment process for investors who currently have to invest in a range of mutual funds to achieve their life goals. It gives them a ready-made asset allocation that is customized to suit their profile and needs. Moreover, it makes the investment process much easier for investors, on account of it’s various features such as profiling questionnaire, a single form to capture all long term investment goals. Also it has unique features such as a customized account statement giving the details of the goals, investment details and easy monitoring through a financial advisor.”
The Family Solutions Planner will be available on our website www.franklintempletonindia.com and through most financial advisors. It is a software tool that helps one use various details such as goals, expected inflation, rate of return and formulate a plan to achieve the goal. Three funds are recommended in each portfolio based on the portfolio style (ultra conservative, conservative, moderate, aggressive, highly aggressive) and is investor specific.