Franklin Templeton Mutual Fund floats first NFO post debt fund row

Asserts it won't leave India despite regulatory actions

Franklin Templeton Mutual Fund (Franklin MF) on Tuesday announced the launch of Franklin India Balanced Advantage Fund (FIBAF) -- the US-based asset manager’s first new scheme since a regulatory crisis following its decision to wind up six of its debt schemes in April 2020.

“We believe in growing assets by delivering performance. Having said that, this is one category that is large and we are not present in it. We want to plug that gap,” said Anand Radhakrishnan, managing director & chief investment officer-emerging markets equity (India), Franklin Templeton. The last NFO (new fund offer) in the equity category that