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Unrated

Franklin India Technology Fund - Direct Plan


Equity: Sectoral-Technology

1 Lakh

Investment Grown to
₹ 1.57 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.35 Lakh

Suitability:

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 multi 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. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other technology sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 8.34 -0.77 3.90 4.16 25.17 7.28 14.54 16.13 11.00 15.98 --
S&P BSE IT TRI* 2.99 0.32 2.81 6.75 24.30 1.67 6.55 19.41 11.26 16.30 --
Equity: Sectoral-Technology* 1.41 0.63 2.80 5.89 22.01 0.27 5.80 16.79 10.93 16.97 --

As on 08-Jul-2020

* As on 09-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Franklin India Technology Fund - Direct Plan  | Invest Online Now
Unrated
Jan-13 14.54 16.13 11.00 1.42 246

Best & Worst Performance

Best (Period) Worst (Period)
Week 11.98 (10-Jan-2013 - 17-Jan-2013) -18.09 (11-Mar-2020 - 18-Mar-2020)
Month 21.45 (03-Jul-2013 - 02-Aug-2013) -30.50 (20-Feb-2020 - 23-Mar-2020)
Quarter 36.03 (23-Mar-2020 - 22-Jun-2020) -25.13 (23-Dec-2019 - 23-Mar-2020)
Year 57.87 (10-Jan-2013 - 10-Jan-2014) -22.32 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 15.03 17.00 0.57 0.75 0.83 -0.46
S&P BSE IT TRI 17.57 18.69 0.66 1.05 -- --
Equity: Sectoral-Technology 15.63 17.77 0.58 0.77 0.88 -0.45

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 12
Top 10 Stocks (%) 64.80
Top 5 Stocks (%) 53.89
Top 3 Sectors (%) 79.09
Portfolio P/B Ratio 3.59
Portfolio P/E Ratio 15.51

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,11,189 1,66,628
Giant (%) 78.10 75.87
Large (%) 5.23 4.94
Mid (%) 13.09 9.30
Small (%) 3.59 9.89
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal Infosys Technology 20.06 28.34 15.60 26.52
equal Franklin Technology Fund Financial -- 10.94
equal Tata Consultancy Services Technology 25.58 10.84 5.90 8.47
equal HCL Technologies Technology 14.44 10.30 5.25 8.28
equal Bharti Airtel Communication -- 7.64 0.00 5.58
equal Info Edge (India) Services -- 5.86 3.02 5.04
equal Tech Mahindra Technology 13.82 10.54 4.17 4.17
equal Cognizant Technology Solutions Corp. Technology -- 3.65
equal Taiwan Semiconductor Manufacturing (Taiwan) Technology -- 2.62
equal L&T Infotech Technology 23.84 2.36 0.00 2.19
equal Samsung Electronics (South Kor Engineering -- 2.14
equal Twitter Inc. Technology -- 2.14
equal Cyient Technology 8.22 5.79 1.70 1.70
equal Hexaware Technologies Technology 15.09 2.25 0.00 1.57
equal QUALCOMM Inc. (USA) Communication -- 1.49
equal Vodafone Idea Communication -- 2.84 0.00 1.27
equal Alphabet Inc Class A Technology -- 1.17
equal eClerx Services Services 8.48 4.18 1.16 1.16
down NVIDIA Corporation (USA) Technology -- 1.09
equal Sunny Optical Technology Group Diversified -- 0.93
equal Apple Inc. (USA) Cons Durable -- 0.62
equal Microsoft Corportion (US) Technology -- 0.62
equal MakeMy Trip Services -- 0.36
equal Brillio Technologies Financial -- 0.00 0.00 0.00

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2020

Fund Manager

— Anand Radhakrishnan since 01-Jan-2013

Education: Mr. Radhakrishnan is a B.Tech, CFA and PGDM from IIM Ahmedabad.

Experience: Prior to joining Franklin Templeton Investments, he has worked with Sundaram Asset Management Ltd., SBI Funds Management and Asian Convertible and Income Fund.

Funds Managed:

— Varun Sharma since 30-Nov-2015

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.

Funds Managed:


-0.77%

Change from previous, NAV as on 08-Jul-2020

Growth: ₹ 187.4913

Dividend: ₹ 27.5869


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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 16.04%
Benchmark: S&P BSE Teck TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 246 Cr (As on 31-May-2020)
Expense: 1.42% (As on 31-May-2020)
Risk Grade: --
Return Grade: --
Turnover: 20.31%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend01-Nov-20191.7708

 02-Nov-20181.7637
 03-Nov-20172.0000
 04-Nov-20162.0000
 30-Oct-20152.2500
 22-Oct-20142.0000
 18-Oct-20132.0000

Contact Information

AMC: Franklin Templeton Asset Management India Private Ltd

Address: Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone Road (West) Mumbai - 400013

Phone: 1800-425-4255 / 60004255

Email: [email protected]

Website: http://www.franklintempletonindia.com

Registrar & Transfer Agent: Franklin Templeton Asset Management (India) Pvt. Ltd.

Address: Unit 301, III Floor, Campus 4B, RMZ Millenia Business Park, 143 Dr. MGR Road, Kandanchavadi Chennai - 600096

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