Thank you for the response. Yes, this is possible as workaround by creating a favorite folder and copy those frequent used templates into it. But, here i am looking for a additional functionality like (in most cases the template folders are write access protected and changes are made on templates as per client\project requirement), #from your screen capture i want to select a template and Add it to Favorites from the Rt click selection window. This should allow the software to create a temp folder under user profile > common data > Solidworks and copy the chosen templates. And so they can sync with changes made to the original copies and should be included in swsettings files.
In simple terms as similar as Windows Favourites.
Before i raise enhancement request i want to hear some opinions from the group...