Franklin India Opportunities Fund Growth
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|Fund Type||Equity - Other|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||8.59%|
|Info Edge (India) Ltd||5.87%|
|Grasim Industries Ltd||5.54%|
|Kotak Mahindra Bank Ltd||5.52%|
|WABCO India Ltd||5.39%|
|Axis Bank Ltd||5.08%|
|ICICI Bank Ltd||4.42%|
|Mahindra & Mahindra Ltd||3.42%|
|JK Cement Ltd||3.25%|
About Franklin India Opportunities Fund
Franklin India Opportunities Fund is an open-ended equity scheme that invests in entities undergoing special situations like Corporate Restructure, policy changes or other similar circumstances.
Pros & Cons of Franklin India Opportunities Fund
Franklin India Opportunities Fund offers following features:
- With a 10 year return of 7.6%, the scheme has outperformed the benchmark (6.16%) however underperformed compared to category average (9.28%). The scheme also underperformed in 1 year and 3 year horizon compared to category average.
- The long term return has been sluggish, with several years of underperformance since 2007 relative to peers in this category. The scheme’s risk-reward profile is below average.
- The composition is heavily skewed towards banking sector with six out of top ten picks from this space.
Fund Information and Statistics of Franklin India Opportunities Fund
i) Inception / Launch date
The Scheme was launched on 21 February 2000 by Franklin Templeton Mutual Funds.
ii) Risk level
The Scheme is moderately high risk bet and one should consider investing in this Scheme if the investment horizon is 5 years or more. The Scheme is suitable for wealth creation over long term.
Redemption proceeds are generally dispatched within 10 business days from the date of receipt of redemption request by the fund house.
iv) Fund Manager
The Scheme is currently being co-managed by Mr R Janakiraman who is managing the scheme since April 2013 and Mr Hari Shyamsundar who is managing the scheme since May 2016.
v) Entry / Exit load
1% of exit load is charged by the fund house if the units are redeemed/switched-out within one year of allotment. No exit load is charged for redemptions post one year of allotment. No entry load is charged by the fund house on subscriptions.
Tax benefits of investing in Franklin India Opportunities Fund
Long Term Capital Gains (“LTCG”), in excess of Rs 1 lakh, are taxed @ 10% without indexation if units are held for more than 12 months. Short term capital gains (“STCG”) are taxed @ 15% if units are held for less than 12 months. Investors do not pay any tax on dividends received but a Dividend Distribution Tax (“DDT”) is deducted by the fund house at source.
About Franklin Templeton Mutual Fund
Franklin Templeton Mutual Fund is managed by Templeton Asset Management (“AMC”). The fund house prides on its ability to provide investors with relatively quick and risk free returns. The CEO of the fund house is Mr Sanjay Sapre. The fund house manages more than 50 schemes across equity, debt and liquid, fund of funds, sector equity funds and hybrid funds category.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns