BlackRock's entry could lead to a shift in market shares

THE ENTRY OF BlackRock into the Indian mutual funds market has led to concerns that the market shares of dominant players could change, according to Avinash Satwalekar, president, Franklin Templeton (India).

- NESIL STANEY

"They're different. Our approach is different and our strategies are different. What we focus on is the market opportunity in front of us. It is a very under-penetrated market. The bigger game is expanding the pie, and that's what we're trying to do," Satwalekar told FE.

The Templeton chief believes India is some time away from replicating the mutual funds history in US which has seen big growth in passive schemes given the market's ability to create alpha from actively managed funds.