March 31, 2026
RA Jainee
Franklin India Technology Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 477.37 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 41.6 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 12 |
| Benchmark | BSE Teck TRI |
| AUM Rs. | 1,670 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.16% |
| 1 Year Return (%) | -8.88 |
| 3 Year Return (%) | 15.83 |
| 5 Year Return (%) | 10.65 |
| 10 Year Return (%) | 15.12 |
| Return Since Launch | 16.78% |
⚖️ Sahifund Review – Franklin India Technology Fund ✔
PLUS: Strong long-term tech track record, benchmark outperformance, disciplined style
✓ Franklin India Technology Fund has delivered a solid long-term performance profile, with 15.83% over 3 years and 15.12% over 10 years, making it one of the stronger long-running tech funds in India.
✓ It has also significantly outperformed its benchmark BSE IT TRI across 1-year, 3-year, 5-year and 10-year periods, which is a major positive for sector-fund investors.
✓ Turnover at 25.75% is fairly controlled for a technology fund, which suggests the strategy is not excessively churn-heavy.
✓ The fund’s portfolio remains focused yet not reckless, with 23 stocks and a meaningful tilt toward established large-cap tech leaders, which can suit long-term SIP investors.
✓ Franklin Templeton’s long research-driven style and fund house credibility add confidence for investors looking at a specialised sector allocation.
MINUS: Recent weakness, high concentration, sector volatility risk
⚖️ The biggest concern is that recent momentum is still weak, with the fund down -8.88% in 1 year and sharply negative in the recent YTD/3-month period.
⚖️ Expense ratio at 1.16% is on the higher side, especially when some peers offer sector exposure at lower cost.
⚖️ Portfolio concentration is high, with Top 10 holdings at 69.02% and Top 3 sectors at 90.27%, which naturally raises volatility in a sectoral fund.
⚖️ This remains a pure technology theme play, so investors must be prepared for sharp cyclical swings and should avoid treating it like a diversified core equity fund.
Sahifund View (Decisive Line):
Franklin India Technology Fund remains a credible long-term tech SIP option, but investors should enter only with patience and treat it as a high-volatility satellite allocation.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Nobody should invest in Technology funds in our opinion, because:
• They have a narrow focus on only information technology companies
• Instead, diversified equity funds which invest across sectors are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The scheme seeks above normal capital appreciation through investments in high quality, fast growing companies in the information technology sector. The Fund will Follow a bottom-up approach to stock pricing.
Fund Manager:
1) R Janakiraman
Education: Mr. Janakiraman is a B.E and PGDM (Business Management).
Experience: Prior to joining Franklin Templeton Investments, he has worked with Indian Syntans Inv. Pvt. Ltd., Citicorp Information Tech Ltd. and UTI Securities Exchange Ltd.
2) Venkatesh Sanjeevi
Education: Mr. Sanjeevi is a PGDM (IIM- Ahmedabad), CA, B.Com
Experience: Prior to joining Franklin Templeton Asset Management (India) Pvt. Ltd., he has worked with Pictet Asset Management, London, ICICI Prudential AMC, Edelweiss Asset Mgmt. Ltd., Edelweiss Securities Ltd. and Hindustan Unilever Ltd.
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) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details of Franklin India Technology Fund
| Fund House | Franklin Templeton Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 16.78% |
| Benchmark | BSE Teck TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 1,670 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.16% |
| (As on 28-Feb-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 25.75% |
Franklin India Technology Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Franklin India Technology Dir | -19.80 | -1.34 | -5.11 | -21.21 | -14.28 | -8.88 | 15.83 | 10.65 | 16.27 | 15.12 |
| BSE IT TRI | -22.43 | -0.63 | -4.39 | -23.85 | -13.83 | -20.88 | 2.93 | 3.98 | 11.74 | 11.84 |
| Equity: Sectoral-Technology | -21.10 | -1.04 | -4.60 | -22.26 | -13.94 | -13.57 | 9.84 | 10.48 | 16.53 | 15.60 |
| Rank within category | 4 | 16 | 17 | 4 | 14 | 5 | 1 | 2 | 3 | 5 |
| Number of funds in category | 21 | 22 | 21 | 21 | 21 | 20 | 7 | 5 | 5 | 5 |
Peer Comparison of Franklin India Technology 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 Technology Dir | Unrated | -8.88 | 15.83 | 10.65 | 1.16 | 1,670 | 16.78 | 1.00 (365) | 13Y 2M | 25.75 |
| ICICI Pru Technology Dir | Unrated | -12.46 | 9.13 | 10.03 | 1.01 | 13,572 | 18.48 | 1.00 (15) | 13Y 2M | 47.00 |
| Tata Digital India Dir | Unrated | -15.10 | 8.80 | 10.00 | 0.54 | 9,896 | 15.73 | 0.25 (30) | 10Y 3M | 22.87 |
| SBI Technology Opportunities Dir | Unrated | -8.66 | 10.89 | 12.73 | 0.92 | 4,273 | 18.10 | 0.50 (15) | 13Y 2M | 27.00 |
| ABSL Digital India Dir | Unrated | -12.87 | 7.57 | 8.98 | 0.83 | 3,883 | 17.68 | 1.00 (30) | 13Y 2M | 49.00 |
Portfolio-Franklin India Technology Fund
| No. of Stocks | 23 |
| Top 10 Stocks | 69.02% |
| Top 5 Stocks | 54.71% |
| Top 3 Sectors | 90.27% |
| Portfolio P/B Ratio | 5.44 |
| Portfolio P/E Ratio | 27.07 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,29,451 | 2,40,803 |
| Giant (%) | — | — |
| Large (%) | 70.39 | 67.55 |
| Mid (%) | 18.97 | 21.68 |
| Small (%) | 10.64 | 22.98 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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