Franklin Templeton Sees Rising SIP Flows Amid Market Turbulence

Franklin Templeton is experiencing increased systematic investment plan (SIP) flows in March compared to February. This rise comes amidst investor concern due to the West Asia conflict. The company has launched the 'Sapphie Equity Long-Short SIF', capitalizing on market volatility to drive potential returns despite global uncertainties.

Asset management giant Franklin Templeton reported an increase in systematic investment plan (SIP) flows for March, surpassing the figures from February. This growth comes despite investor worries stemming from the West Asia conflict, as confirmed by a senior company official on Thursday.

The company is strategically utilizing the current dip in share prices to buy scrips rather than holding onto cash, according to Avinash Satwalekar, President of Franklin Templeton Asset Management India. While the industry anticipates a decline in SIP flows compared to February's Rs 29,845 crore, Franklin Templeton's offerings have seen a positive trend.

Franklin Templeton has also launched its first Specialised Investment Fund, 'Sapphie Equity Long-Short SIF', which is set to seize opportunities within a volatile market. The new fund will be open for investment between April 10 and 24, with a strategy to allocate up to a quarter of its holdings to short positions.

(With inputs from agencies.)