Franklin India Smaller Companies Fund
The Franklin India Smaller Companies Fund (FISCF) is an open ended diversified equity fund.
Investment objective
The primary objective of Franklin India Smaller Companies Fund is to provide long-term capital appreciation on investments by investing in small and mid cap companies.
Fund information
| Inception date | Close ended scheme – January 13, 2006
Open ended scheme – January 14, 2011 |
| CRISIL rank | FISCF is ranked 2 in the mid and small cap segment |
| Schemes |
|
| Entry load | Nil |
| Exit load | The exit load is 1% for redemptions within one year of allotment. |
| Minimum investment | Rs 5,000 |
| Product label – Risk and target investors | This is a high risk product and is designed for investors looking for long term capital appreciation through funds which invest in small and mid cap companies. |
| Benchmark | CNX Midcap
|
| SIP |
|
| SWP | Yes, SWP facility is available to unitholders who have a minimum account balance of Rs 25,000.
They can opt for either a Monthly or quarterly mode. |
| STP |
Yes. STP facility is available on a monthly or quarterly basis. All redeemed units should be reinvested in another scheme under STP. |
| Redemption | Minimum Redemption Amount – Rs 1,000.
This amount will be sent to an unitholder within ten working days. |
| Taxation (on investment and on redemption) | Investors are advised to consult their tax advisers regarding specific tax implications related to their participation in this scheme. |
Portfolio – Sector / Top 10 holdings
| Company | Sector | Percentage |
| Finolex Cables Ltd | Industrial Products | 3.12 |
| Yes Bank Ltd | Banking | 3.04 |
| Axis Bank Ltd | Banking | 2.4 |
| FAG Bearings (India) Ltd | Industrial Products | 2.39 |
| Himatsingka Seide Ltd | Textile Products | 2.37 |
| HDFC Bank Ltd | Banking | 2.36 |
| Greaver Cotton Ltd | Industrial Products | 2.18 |
| Karur Vysya Bank Ltd | Banking | 2.16 |
| Repco Home Finance Ltd | Finance | 2.07 |
| Tata Motors Ltd | Auto | 2.03 |
Risk measures
The risk measures for various criteria over the last three years are mentioned in the table below.
| Annualised Sharpe Ratio | 2.25 |
| R-squared | 0.79 |
| Beta | 0.76 |
| Standard Deviation | 4.61 |
Performance
| AUM | Rs 2273.17 crores (as of May 29, 2015) |
| NAV (as of 31/07/2015) |
Dividend – Rs 24.78 Growth – Rs 38.64 Direct Dividend – Rs 25.37 Direct Growth – Rs 39.46 |
Returns
The returns provided by Franklin India Smaller Companies Fund in comparison to market returns are shown in the table below.
| Period | Scheme returns | S&P CNX Midcap | S&P CNX Nifty |
| March 2014-March 2015 | 77.23% | 50.96% | 26.65% |
| March 2013-March 2014 | 37.90% | 16.36% | 17.98% |
| March 2012-March 2013 | 15.11% | -4.02% | 7.31% |
Expense Ratio
The Expense ratio of Franklin India Smaller Companies Fund is mentioned in the table below.
| Daily Net Assets | Expense ratio |
| First 100 crores | 2.84% |
| Next 300 crores | 2.59% |
| Next 300 crores | 2.34% |
| Remaining Balance | 2.09% |
