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Franklin India Technology Fund

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Equity: Sectoral-Technology

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1 Lakh

Investment Grown to
₹ 1.99 Lakh

₹ 10000

Monthly SIP Grown to
₹ 6.13 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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 7.95 1.65 -0.46 10.96 22.31 44.07 61.97 25.88 20.78 15.95 14.78
S&P BSE IT TRI 9.62 1.75 -1.13 14.44 21.22 53.55 69.93 31.93 22.27 17.92 16.93
Equity: Sectoral-Technology 7.95 2.02 -1.37 13.00 22.18 52.19 61.28 26.36 20.78 17.12 16.05
Rank within category 5 8 1 7 3 5 2 4 4 3 4
Number of funds in category 8 8 8 8 7 6 5 5 5 4 4

As on 20-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Franklin India Technology Fund  | Invest Online Now
Unrated
 Aug-98 61.97 25.88 20.78 2.59 472
ICICI Prudential IT ETF  | Invest Now
Unrated
 Aug-20 -- -- -- 0.22 1,738
ICICI Prudential Technology Fund  | Invest Now
Unrated
 Mar-00 71.93 27.64 21.22 2.53 1,185
Aditya Birla Sun Life Digital India Fund  | Invest Online
Unrated
 Jan-00 61.03 26.05 22.01 2.63 861
Nippon India ETF Nifty IT - Regular Plan  | Invest Online
Unrated
 Jun-20 -- -- -- 0.22 844

Best & Worst Performance

Best (Period) Worst (Period)
Week 29.79 (12-Apr-2001 - 20-Apr-2001) -25.60 (14-Sep-2001 - 21-Sep-2001)
Month 65.03 (03-Dec-1999 - 04-Jan-2000) -41.13 (21-Aug-2001 - 21-Sep-2001)
Quarter 144.09 (22-Nov-1999 - 22-Feb-2000) -50.83 (22-Feb-2000 - 23-May-2000)
Year 534.27 (04-Jan-1999 - 04-Jan-2000) -73.98 (12-Apr-2000 - 12-Apr-2001)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 24.79 20.07 1.00 1.50 0.80 -0.44
S&P BSE IT TRI 30.28 23.26 1.10 2.13 -- --
Equity: Sectoral-Technology 25.83 21.51 0.98 1.54 0.87 -1.15
Rank within category 4 2 2 4 2 1
Number of funds in category 5 5 5 5 5 5

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

As on 31-Dec-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 12
Top 10 Stocks (%) 67.90
Top 5 Stocks (%) 55.66
Top 3 Sectors (%) 82.12
Portfolio P/B Ratio 5.90
Portfolio P/E Ratio 29.46

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 3,06,686 2,11,033
Giant (%) 75.24 63.87
Large (%) 13.81 14.60
Mid (%) 5.05 11.78
Small (%) 5.90 15.59
Tiny (%) -- 0.05

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 30.90 29.42 19.14 24.87
up Tata Consultancy Services Technology 39.41 11.26 5.90 10.89
up HCL Technologies Technology 20.66 10.30 5.98 8.85
equal Franklin Technology Fund Financial -- 8.58
equal Bharti Airtel Communication -- 7.64 0.00 6.65
equal Info Edge (India) Services 142.00 5.86 3.02 4.77
up Tech Mahindra Technology 24.55 10.54 4.05 4.61
equal MakeMy Trip Services -- 2.72
equal Taiwan Semiconductor Manufacturing (Taiwan) Technology -- 2.67
equal Cyient Technology 17.88 5.03 1.70 2.51
equal L&T Infotech Technology 39.49 2.37 0.00 2.37
equal Samsung Electronics (South Kor Engineering -- 1.86
equal Twitter Inc. Technology -- 1.86
equal QUALCOMM Inc. (USA) Communication -- 1.53
equal Happiest Minds Technologies Technology 77.60 1.97 0.00 1.52
equal Indiamart Intermesh Services 82.57 1.54 0.00 1.34
up Just Dial Services 16.07 1.16 0.00 1.16
equal MediaTek (Taiwan) Engineering -- 0.99
equal Salesforce Com. Technology -- 0.95
equal NVIDIA Corporation (USA) Technology -- 0.94
equal Alphabet Inc Class A Technology -- 0.84
equal Sunny Optical Technology Group Diversified -- 0.81
equal Intel Corporation (USA) Technology -- 0.75
equal Microsoft Corportion (US) Technology -- 0.42
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 30-Nov-2020

Fund Manager

— Anand Radhakrishnan since 02-Mar-2007

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:

Invest Online Now
1.65%

Change from previous, NAV as on 20-Jan-2021

Growth: ₹ 281.1029

Dividend: ₹ 37.8749

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: 22-Aug-1998
Return Since Launch: 19.68%
Benchmark: S&P BSE Teck TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 472 Cr (As on 31-Dec-2020)
Expense: 2.59% (As on 30-Nov-2020)
Risk Grade: --
Return Grade: --
Turnover: 23.93%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend30-Oct-20202.5000

 01-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
 12-Oct-20121.0000
 21-Oct-20111.5000
 22-Oct-20102.0000
 28-Oct-20090.3000
 20-Aug-20082.5000
 24-Oct-20072.5000
 29-Nov-20061.5000
 23-Nov-20053.0000
 16-Mar-20042.0000
 24-Mar-20006.0000
 21-Jan-20006.0000
 08-Oct-19994.0000

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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