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Franklin India Smaller Companies Fund

Team Antworks

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
  • Growth Plan
  • Dividend Plan – Reinvestment and Payout options
  • Direct Growth Plan
  • Direct Dividend Plan – Reinvestment and Payout options
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
  • CNX Midcap is a benchmark for the mid cap segment of the Indian market, representing 13.86% of all free float market capitalization stocks in the NSE.
SIP
  • Rs 500 (minimum 12 SIP investments of Rs 500 each)
  • Rs 1,000 (minimum 6 SIP investments of Rs 1,000 each)
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%
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