"We believe the current market conditions are conducive for taking long-term exposure in the domestic equities market. Most of the risks appear to be priced in and we are confident that the economy and and corporates will benefit from a turnaround in the next year or so," Franklin Templeton India managing director Vivek Kudva told reporters.
The fund house highlighted the good show by two of its equity fund schemes-- Franklin India Bluechip Fund and Franklin India Prima Fund--over the past two decades. "The track record of these two funds is an indication that equities can potentially yield good results over a longer time horizon," chief investment officer K N Sivasubramanian said.
As per the fund house, though the industry has seen redemption by equity investors recently, retail investors should take a long-term view of equities and stay invested for better returns. The AMC had an average AUM of Rs 43,688 crore as of the September quarter.
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