Mip Mutual Fund India Article

Franklin India Growth Mutual Funds

Franklin Templeton Investments is one of the largest financial services groups in the world based at San Mateo, California USA. The group has US$ 645.9 billion in assets under management globally (as of September 30, 2007).

Franklin Templeton has offices in 33 locations across India and manages assets of Rs.30481.97 crores for over 24 lakh investors as of September 28, 2007.

Fund Basics offers information about how mutual funds work and indepth descriptions of the different types of mutual funds available to you. You'll find general information about asset categories and investment styles, and helpful comments on the suitability of funds for different investor needs, including what you might do to get started investing in mutual funds. Also our Financial Planning offers educational information on preparing for retirement along with a special section on investing for women. Retirement a biggest question for most of the people around the country. There was time when people were earning to help the family they never thought on how would they spend their life after retirement. The core family values that they had imbibed in their children doesn’t hold true any longer. People have now started planning their retirement by buying funds and started sharing in investments. But with Franklin Templeton Mutual Fund

The top five Mutual Funds in the year 2006 as per our investors are:

• Franklin India Prima Fund (mid cap): The scheme, which had assets of Rs 1278.45 crore (Rs 12.784 billion) as on February 28, 2005, invests largely in mid-caps.

• Reliance Growth (mid-cap): Reliance Growth was launched in September 1995 and invests in mid-cap companies that offer a good growth potential. The scheme had a corpus size of almost Rs 1064.49 crore (Rs billion)s as on February 28, 2005.

• HDFC Top 200 Fund (Large cap): The scheme generally invests in the shares of BSE-200, which is a well-diversified index of large cap shares. The scheme had a corpus of Rs 606.95 crore (Rs 6.069 billion) as on February 28, 2005.

• HSBC Equity Fund (large cap): This flagship equity fund of HSBC Mutual Fund has been one of the best performing funds in the diversified equity fund category during the last two years since its inception in December 2002. The scheme has assets worth Rs 1622.67 crore (Rs 16.226 billion) under management as on January 31, 2005.

• Tata Equity Opportunities Fund (Blend of large and mid cap): This scheme endeavours to identify stocks at their growing phase and benefits from their relatively high performance potential. The scheme had a corpus of Rs 299.60 crore (Rs 2.996 billion).

Mutual funds are money-managing institutions set up to professionally invest the money pooled in from the public. Asset Management Companies (AMC) manages these schemes, which are sponsored by different financial institutions or companies.

Each unit of these schemes reflects the share of investor in the respective fund and the Net Asset Value (NAV) of the scheme judges its appreciation. The NAV is directly linked to the bullish and bearish trends of the markets as the pooled money is invested either inequity shares or in debentures or treasury bills. Indian Mutual Funds unveils this multi-dimensional avenue, with its intricacies, in a fashionable manner as mutual funds up-hold ample scope of generating decent returns by some thoughtful investment.

Here is a list of top and best Indian mutual funds:

• ABN-AMRO

• Bank of Baroda

• Benchmark

• Birla Sunlife

• Canbank

• DBS Chola

• Deutsche

• DSP Merrill Lynch

• Escorts

• Fidelity

• Franklin Templeton

• HDFC

• HSBC

• ING Vysya

• JM

• Kotak Mahindra

• LIC

• Morgan Stanley

• Principal

• Prudential ICICI

• Reliance

• Sahara

• SBI

• Standard Chartered

• Sundaram BNP Paribas

• Tata

• UTI

Where Franklin Templeton Mutual Funds ranks at 11th position . Over the years, the Indian mutual funds industry has witnessed an exponential growth riding piggyback on a booming economy and the arrival of a horde of international fund houses. The Mutual Fund NAV and Mutual Fund Tax benefits are also beyond explanation..

Investments in the Top mutual funds in India and Mutual Fund Investments have always attracted a large number of funds, which has increased the growing pattern of the people and have also made our market to grow further.

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Article Source: ArticlesBase.com