Franklin Templeton Mutual Funds are managed by Franklin Templeton Investments - a global investment management major. Franklin Templeton started their India operations in 1996 as Templeton Asset Management India Pvt. Limited. It flagged off the mutual fund business with the launch of Templeton India Growth Fund in September 1996. Franklin Templeton Asset Management (India) Private Limited acts as the asset management company with Templeton holding a majority of 75 per cent of the equity.