Mutual fund in focus: Franklin India Smaller Companies
This year, the Franklin India Smaller Companies limited its fall to 1.59% against the category's fall of 9.63%.
This year, the Franklin India Smaller Companies limited its fall to 1.59% against the category's fall of 9.63%.
FUND FACTS
INCEPTION: January 2006
CATEGORY: Equity Mid and Small Cap
TYPE: Open-ended
AUM: Rs 281.76 crore
BENCHMARK INDEX: CNX Midcap
WHAT IT COSTS
NAV: Rs 15.94 (G), Rs 12.33 (D)
MIN INVESTMENT: Rs 5,000
MIN SIP AMOUNT: -
EXPENSE RATIO: 2.50%
EXIT LOAD: 1% for redemption within 365 days
WHO SHOULD INVEST IN IT?
Franklin India Smaller Companies defines mid-cap and small-cap companies as those that have a market capitalisation below that of the 100th stock in the S&P CNX 500 Index. The fund aims to invest at least 75% of the corpus in such companies. This also means that there is a risk that some bets, especially small-cap stocks, will affect the fund's performance. While its mid-cap bets have been mostly profitable, its small-cap bets have more losses than profits. Its recent performance has been outstanding and has been noted for consistent management. The fund, therefore, is best for those willing to take on a little risk for higher returns.
MEET THE FUND MANAGER
R Janakiraman has been the fund manager since February 2008, a period that has seen some consistent performance in volatile markets. He has worked with Franklin Templeton AMC as manager and as investment manager for Indian Syntans, Citicorp Information Tech and UTI Securities Exchange.
(Data and analysis of the fund have been sourced from Value Research)
FUND FACTS
INCEPTION: January 2006
CATEGORY: Equity Mid and Small Cap
TYPE: Open-ended
AUM: Rs 281.76 crore
BENCHMARK INDEX: CNX Midcap
WHAT IT COSTS
NAV: Rs 15.94 (G), Rs 12.33 (D)
MIN INVESTMENT: Rs 5,000
MIN SIP AMOUNT: -
EXPENSE RATIO: 2.50%
EXIT LOAD: 1% for redemption within 365 days
WHO SHOULD INVEST IN IT?
Franklin India Smaller Companies defines mid-cap and small-cap companies as those that have a market capitalisation below that of the 100th stock in the S&P CNX 500 Index. The fund aims to invest at least 75% of the corpus in such companies. This also means that there is a risk that some bets, especially small-cap stocks, will affect the fund's performance. While its mid-cap bets have been mostly profitable, its small-cap bets have more losses than profits. Its recent performance has been outstanding and has been noted for consistent management. The fund, therefore, is best for those willing to take on a little risk for higher returns.
MEET THE FUND MANAGER
R Janakiraman has been the fund manager since February 2008, a period that has seen some consistent performance in volatile markets. He has worked with Franklin Templeton AMC as manager and as investment manager for Indian Syntans, Citicorp Information Tech and UTI Securities Exchange.
(Data and analysis of the fund have been sourced from Value Research)
