Franklin Templeton India to Acquire Pioneer ITI
By Research Desk .
Largest Private sector Indian mutual fund is created with the acquisition of Pioneer ITI AMC by Franklin Templeton. Together the merged entity has an asset base of Rs. 8035 crore as on February 28, 2002. Besides the assets, the merged entity will have distinct competitive advantages - widest product breadth, excellent performance track-record across product categories, and wide investor base.