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Kolkata Feb. 13 Franklin Templeton is aiming to tap Indians' new-found penchant for larger overseas investments in a big way, subject to regulatory provisions.

The fund house, the fifth largest in the country with close to Rs 24,000 crore under management, is willing to try out several strategies to tap what it clearly feels will be an important segment.

Franklin Templeton, which had last year rolled out an equity fund to allocate partly in international stocks, is also keen to see its overseas exposure limit go up in the days ahead.

"We are considering several strategies to utilise this trend," Mr Vivek Kudva, President, FT India, said, while referring to this trend. The idea, he added, is to ensure that FT utilises its experience in managing assets in a number of markets.

Templeton India Equity Income Fund, which has already picked up some overseas stocks, is currently almost fully invested. Its size as on January 31 stood at Rs 1,928 crore.

Some of the international companies that are included in its portfolio - according to its end-January fact-sheet - are in Brazil, Taiwan, Hong Kong and Mexico.

These are from such sectors as consumer non-durables, industrial capital goods and hardware.

The fund has been able to provide 23.3 per cent since inception (May 2006) as against its benchmark, BSE 200, which has turned out 20.2 per cent in this period.

FT, which today entered into a distribution arrangement with United Bank of India, is now eyeing open-end equity products to complement its suite of existing funds.

FT, incidentally, is aware that the asset management industry has lately preferred close-end products. In fact, many of its peers have actively introduced such funds in recent days.

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