Five-Star Business Finance Limited
Franklin Templeton Mutual Fund now holds 1.12% of Five-Star Business Finance Limited, up from under 1%. The fund has disclosed a holding of 33,13,833 shares in its latest filing.
A non-banking financial company providing secured business loans to micro-entrepreneurs and self-employed individuals across South India. Incorporated in 1984, the company specializes in financing solutions tailored for small business owners and self-employed professionals seeking growth capital. It operates as an NBFC-ND-SI, focusing on underserved customer segments in its core southern markets with customized lending products and personalized service.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.