Janakiraman Rengaraju, CIO, Emerging Markets Equities – India, Franklin Templeton, said: “At Franklin Templeton, we follow a disciplined, process and team-driven approach to investment management. This has helped us in creating a financial institution that has set new standards in all aspects of equity portfolio management over the last 30 years in India. We will continue our tradition of focusing on delivering strong investment results to our investors and distributors in the years to come.”
Janakiraman Rengaraju will assume the position effective starting December 1. Rengaraju joined the firm in 2007 and has close to 27 years of experience in investment management.
Franklin Templeton elevates Rengaraju as CIO - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The $1.2 billion Franklin India Smaller Companies Fund is up 34% this year, beating 98% of its peers. The funds IPO picks — Concord Biotech Ltd., TVS Supply Chain Solutions Ltd. and SBFC Finance Ltd. — have rallied between 15% to 50% since their trading debuts in August, data compiled by Bloomberg show.
“A few IPOs in the small-cap space that have come in last 6-9 months have quality businesses,” Janakiraman Rengaraju, a Franklin Templeton portfolio manager, said in an interview. “We have tried building positions in some of them as a part of our portfolio redeployment.”