March 21, 2024
mayank
Franklin India Technology Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 482.8627
NAV IDCW: Rs 50.2873
Suitable For Which Investors?
This is a fund that invests mainly in shares of companies in the information technology sector.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
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) 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.
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
| Fund House | Franklin Templeton Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 20.20% |
| Benchmark | S&P BSE Teck TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,366 Cr |
| (As on 29-Feb-2024) | |
| Expense | 1.08% |
| (As on 29-Feb-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 44.98% |
Trailing Returns (%) of Franklin India Technology Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Franklin India Technology Dir | 4.82 | 0.71 | -1.60 | 7.83 | 20.99 | 56.77 | 18.37 | 23.44 | 22.04 | 18.17 |
| S&P BSE IT TRI | 0.82 | -0.29 | -6.05 | 2.82 | 10.60 | 31.11 | 13.83 | 21.16 | 21.78 | 17.49 |
| Equity: Sectoral-Technology | 2.63 | 0.09 | -4.48 | 5.20 | 13.25 | 38.21 | 19.17 | 24.52 | 23.91 | 19.40 |
| Rank within category | 2 | 1 | 1 | 2 | 1 | 1 | 4 | 5 | 5 | 4 |
| Number of funds in category | 11 | 14 | 11 | 11 | 11 | 7 | 5 | 5 | 5 | 4 |
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 | 56.77 | 56.77 | 23.44 | 1.08 | 1,366 | 20.20 | 1.00 (365) | 11Y 2M | 44.98 |
| ICICI Pru Technology Dir | Unrated | 33.98 | 33.98 | 25.07 | 0.92 | 12,224 | 22.58 | 1.00 (15) | 11Y 2M | 59.00 |
| Tata Digital India Dir | Unrated | 38.20 | 38.20 | 24.96 | 0.31 | 10,068 | 21.11 | 0.25 (30) | 8Y 2M | 24.33 |
| ABSL Digital India Dir | Unrated | 36.71 | 36.71 | 25.45 | 0.74 | 4,814 | 22.31 | 1.00 (30) | 11Y 2M | 30.00 |
| SBI Technology Opportunities Dir | Unrated | 30.16 | 30.16 | 23.69 | 0.85 | 3,828 | 21.28 | 0.50 (15) | 11Y 2M | 16.00 |
Portfolio Analysis of Franklin India Technology Fund
| No. of Stocks | 39 |
| Top 10 Stocks | 48.46% |
| Top 5 Stocks | 32.27% |
| Top 3 Sectors | 87.60% |
| Portfolio P/B Ratio | 6.63 |
| Portfolio P/E Ratio | 36.98 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 76,126 | 3,25,176 |
| Giant (%) | 22.85 | 66.75 |
| Large (%) | 17.59 | 15.64 |
| Mid (%) | 46.50 | 14.96 |
| Small (%) | 13.00 | 10.15 |
| Tiny (%) | 0.07 | 0.07 |
How to Invest in Franklin India Technology Fund?
Chanakya’s Mutual Fund Guidance For Franklin India Technology Fund
Do not invest in this, or any other technology sector fund, if you need to redeem your investment in less than seven years.
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