Coping with marriage

SPECIAL REPORT

 The acquisition, which is the largest in the Indian mutual fund industry, will catapult Templeton Mutual Fund to the numero uno position in the world of private sector mutual funds with a combined asset size of Rs 8,035 crore spread over 27 fund schemes catering to more than 9 lakh investor accounts or about 6 lakh investors.

 The merged entity will command a marketshare of 14.6 per cent in the Indian mutual fund industry putting it ahead of Prudential ICICI which has a 14.05 per cent and assets of Rs 7,550 crore. That means that Franklin Templeton will now be second only to public sector behemoth the Unit Trust of India which commands a 49 per cent share in the industry.