Background: Franklin Templeton Assets Management (India) Pvt. Ltd. Is a wholly owned subsidiary of Templeton International Inc.set up in February 1996. Franklin is one of the largest financial services groups in the world, based in California, USA. It has over 50 years experience in international investment management with offices in over 29 countries. The fund house manages assets worth Rs 19443.51 crore at end of November 2008.
Franklin India Taxshield (G) is an open-ended tax-planning scheme launched in April 1999.The objective of the scheme is to provide medium to long-term capital growth along with income tax rebate. The minimum investment amount is Rs.500 and in multiples of Rs.500 thereafter. The unit NAV of the scheme was Rs 98.96 as on 15 December 2008.
Portfolio: The total net assets of the scheme decreased by Rs 15.55 crore to Rs 369.21 crore in November 2008. Franklin India Taxshield (G) took fresh exposure to three stocks in November 2008. The scheme purchased 70,000 units (1.02%) of Maruti Suzuki India, 17,737 units (0.53%) of Britannia Industries and 70,000 units (0.40%) of UTV Software Communications in November 2008.
The scheme completely exited from Cairn India by selling 2.00 lakh units (0.67%) in November 2008. Sector-wise, the scheme took fresh exposure to Automobiles-Passenger Cars at 1.02% in November 2008. Sector-wise, the scheme exited completely from Oil Drilling/Allied Services at 0.67% in November 2008.
The scheme had highest exposure to Bharti Airtel with 4.00 lakh units (7.27% of portfolio size) followed by Infosys Technologies with 1.80 lakh units (6.05%), Bharat Heavy Electricals with 1.50 lakh units (5.53%) and Reliance Industries with 1.65 lakh units (5.06%) among others in November 2008.
It reduced its exposure to Reliance Industries by to 1.65 lakh units (by 0.82%), Axis Bank to 2.21 lakh units (by 0.80%) and Housing Development Finance Corporation to 1.27 lakh units (by 0.78%) among others in November 2008.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 10.84% (from 11.04% in October 2008), followed by Computers-Software-Large at 9.57% (10.20%), Telecommunications-Service Provider at 8.86% (8.73%) among others in November 2008.
Sector wise, the scheme had reduced exposure Finance–Housing to 5.04% (by 0.78%), Computers-Software–Large to 9.57% (by 0.63%) and Refineries to 7.23% (by 0.35%) among others in November 2008. Performance: The scheme outperformed the category average over all time periods. It has outperformed the Sensex over all time periods.
Over three-month period ended as on 15 December 2008, the scheme posted negative returns of 26.91% outperforming the category average that posted negative returns of 31.66%. It outperformed the Sensex, which has posted negative returns of 30.79% returns during the same period. Since inception, the scheme posted 904.21% returns outperforming the category average of 227.85%.
Franklin India Taxshield (G) is an open-ended tax-planning scheme launched in April 1999.The objective of the scheme is to provide medium to long-term capital growth along with income tax rebate. The minimum investment amount is Rs.500 and in multiples of Rs.500 thereafter. The unit NAV of the scheme was Rs 98.96 as on 15 December 2008.
Portfolio: The total net assets of the scheme decreased by Rs 15.55 crore to Rs 369.21 crore in November 2008. Franklin India Taxshield (G) took fresh exposure to three stocks in November 2008. The scheme purchased 70,000 units (1.02%) of Maruti Suzuki India, 17,737 units (0.53%) of Britannia Industries and 70,000 units (0.40%) of UTV Software Communications in November 2008.
The scheme completely exited from Cairn India by selling 2.00 lakh units (0.67%) in November 2008. Sector-wise, the scheme took fresh exposure to Automobiles-Passenger Cars at 1.02% in November 2008. Sector-wise, the scheme exited completely from Oil Drilling/Allied Services at 0.67% in November 2008.
The scheme had highest exposure to Bharti Airtel with 4.00 lakh units (7.27% of portfolio size) followed by Infosys Technologies with 1.80 lakh units (6.05%), Bharat Heavy Electricals with 1.50 lakh units (5.53%) and Reliance Industries with 1.65 lakh units (5.06%) among others in November 2008.
It reduced its exposure to Reliance Industries by to 1.65 lakh units (by 0.82%), Axis Bank to 2.21 lakh units (by 0.80%) and Housing Development Finance Corporation to 1.27 lakh units (by 0.78%) among others in November 2008.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 10.84% (from 11.04% in October 2008), followed by Computers-Software-Large at 9.57% (10.20%), Telecommunications-Service Provider at 8.86% (8.73%) among others in November 2008.
Sector wise, the scheme had reduced exposure Finance–Housing to 5.04% (by 0.78%), Computers-Software–Large to 9.57% (by 0.63%) and Refineries to 7.23% (by 0.35%) among others in November 2008. Performance: The scheme outperformed the category average over all time periods. It has outperformed the Sensex over all time periods.
Over three-month period ended as on 15 December 2008, the scheme posted negative returns of 26.91% outperforming the category average that posted negative returns of 31.66%. It outperformed the Sensex, which has posted negative returns of 30.79% returns during the same period. Since inception, the scheme posted 904.21% returns outperforming the category average of 227.85%.
1 comment:
HI , your post is very informative and interesting. Mutual Fund is the best way to invest our money where we can get good returns. I have invested my money in “Mutual Fund” and i am very happy with the returns I get and the security they provide me.
Regards,
Sushil
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