March 20, 2024
mayank
Franklin India Equity Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 15.9481
Quarterly NAV IDCW: Rs 12.8517
Monthly NAV IDCW: Rs 13.1286
NAV IDCW : Rs 13.1286
Suitable For Which Investors?
“Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The Scheme intends to generate long-term capital appreciation by investing a portion of the Schemes assets in equity and equity related instruments. The Scheme also intends to generate income through investments in fixed income securities and using arbitrage and other derivative Strategies.
Fund Manager:
1) Pallab Roy
Education: Mr. Roy is a M.Com and MBA (Finance).
Experience: He has been associated with Franklin Templeton Investments since 2001.
2) Varun Sharma
Education: Mr. Sharma is a Bachelor in Business Studies from Sukhdev College of Business Studies, University of Delhi and holds a Post Graduate Diploma in Management from IIM – Calcutta.
Experience: Prior to joining Franklin Templeton Asset Management (India) Pvt. Ltd. he has worked with ICICI Securities (Feb 2010 – August 2014) as an Equity research Analyst and Credit Analysis and Research Limited (Apr 2009 – Feb 2010) as a Ratings Analyst.
3) Rajasa Kakulavarapu
Education: Ms. Kakulavarapu has done B.Tech and MBA.
Experience: Prior to joining Franklin Templeton Mutual Fund, she has worked with Jefferies India Pvt. Ltd. and Credit Suisse Securities (India) Pvt. Ltd.
4) Umesh Sharma
Education: Mr. Sharma is a B.Com (H), CS and CA.
Experience: Prior to joining Franklin Templeton Mutual Fund he has worked with ICICI Bank Ltd., UTI Mutual Fund, Invesco Mutual Fund and JM Financials.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 10,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Franklin Templeton Mutual Fund |
| Launch Date | 27-Aug-18 |
| Return Since Launch | 8.75% |
| Benchmark | NIFTY Equity Savings TRI |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 410 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.30% |
| (As on 29-Feb-2024) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 754.07% |
Trailing Returns (%) of Franklin India Equity Savings Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Franklin India Equity Savings Dir | 1.50 | -0.21 | -0.07 | 1.97 | 4.84 | 13.99 | 9.55 | 9.23 | — | — |
| VR MIP TRI | 1.51 | -0.50 | -0.19 | 2.14 | 6.03 | 16.11 | 9.24 | 9.27 | — | — |
| Hybrid: Equity Savings | 1.59 | -0.30 | -0.50 | 2.05 | 6.12 | 16.99 | 10.05 | 9.88 | — | — |
| Rank within category | 13 | 6 | 6 | 12 | 18 | 19 | 13 | 15 | — | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 20 | 14 | 1 |
Peer Comparison of Franklin India Equity Savings Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Franklin India Equity Savings Dir | 2 star | 13.99 | 9.55 | 9.23 | 0.30 | 410 | 8.75 | — | 5Y 6M | 754.07 |
| ICICI Pru Equity Savings Dir | 4 star | 12.24 | 8.97 | 8.75 | 0.50 | 9,429 | 8.62 | 0.25 (7) | 9Y 3M | 50.00 |
| Kotak Equity Savings Dir | 5 star | 19.27 | 12.25 | 11.33 | 0.75 | 4,615 | 10.16 | 1.00 (90) | 9Y 5M | 499.28 |
| SBI Equity Savings Dir | 4 star | 20.17 | 10.57 | 10.90 | 0.67 | 4,183 | 9.86 | 0.10 (15) | 8Y 9M | 475.00 |
| Mirae Asset Equity Savings Dir | 4 star | 18.41 | 11.07 | 12.28 | 0.27 | 899 | 12.34 | 1.00 (365) | 5Y 3M | 469.00 |
Portfolio Analysis of Franklin India Equity Savings Fund
| Number of Stocks | 59 |
| Number of Bonds | 5 |
| Average Maturity (yrs) | 2.18 |
| Top 10 Holdings | 44.46% |
| Portfolio P/B Ratio | 3.20 |
| Portfolio P/E Ratio | 19.30 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,81,792 | 2,19,266 |
| Giant (%) | 68.41 | 60.78 |
| Large (%) | 24.86 | 21.72 |
| Mid (%) | 4.00 | 12.76 |
| Small (%) | 2.73 | 5.80 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 93 | 96 |
| Macaulay Duration (yrs) | 1.82 | 2.10 |
| Average Maturity (yrs) | 2.18 | 2.95 |
| Yield to Maturity (%) | 6.91 | 7.26 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Franklin India Equity Savings Fund?
Chanakya’s Mutual Fund Guidance For Franklin India Equity Savings Fund
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