Mangaluru, September 29, 2025 – Franklin Templeton (India), one of the largest foreign fund houses operating in the country, has taken a significant stride in expanding its footprint in Karnataka with the inauguration of its new office premises in Mangaluru. The inaugural event, held at Lotus Paradise Elite, Unit No 101 & 102, First Floor, Karangalpady, Opp to AJ Grand Hotel, Mangalore – 575003 was graced by Mr. Avinash Satwalekar, President, Franklin Templeton – India. Franklin Templeton has a 29-year legacy in India with average assets under management of over Rs. Three of its flagship funds – Franklin India Large Cap Fund (formerly Franklin India Bluechip Fund), Franklin India Mid Cap Fund (formerly Franklin India Prima Fund) and Franklin India Flexi Cap Fund (formerly Franklin India Prima Plus) have a track record of over 30 years, while 18 Franklin Templeton funds have completed more than 20 years since their inceptionThe Indian mutual fund industry’s assets under management (AUM) have grown by about six times in a decade, from Rs.12.56 trillion as on August 31, 2015 to Rs.75.19 trillion as on August 31, 2025, reflecting an annualized growth rate of 20%2. Franklin Templeton sees strong growth potential for mutual funds in Karnataka as new investors look to participate in the India growth story.