Franklin Templeton launches first outbound fund from GIFT City
In short
Franklin Templeton launched the Franklin US Equity IFSC Fund from GIFT City. The fund gives Indian investors access to US equities, with active investing across companies in the S&P 500 and a minimum ticket size of $5,000.
What the reporting says
Franklin Templeton launched the Franklin US Equity IFSC Fund from GIFT City, giving Indian investors access to US equities through an actively managed portfolio. The fund targets companies across the S&P 500 and requires a minimum investment of $5,000. The move expands outbound investing from GIFT City and opens a new route for domestic investors to buy into overseas stocks.
Why it matters
Franklin Templeton launched the Franklin US Equity IFSC Fund from GIFT City, marking its first outbound fund from the centre. The fund will give Indian investors active exposure to companies across the S&P 500, with a minimum investment of $5,000. The development is relevant for investors seeking overseas equity access through an IFSC structure and for the growing outbound fund segment.