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 19205.30 crore in March 2009.
Franklin India Flexi Cap Fund (G) is an open-ended equity diversified scheme launched in January 2005. The investment objective is to provide medium to long-term capital appreciation by investing in stocks across the entire market capitalistion range. The minimum investment amount is Rs 5000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 16.76 as on 21 April 2009.
Portfolio: The total net assets of the scheme increased by Rs 109.53 crore to Rs 1495.13 crore in March 2009.
Franklin India Flexi Cap Fund (G) took fresh exposure to nine stocks in March 2009. The scheme has purchased 58.07 lakh units (2.02%) of Hindalco Industries, 55.75 lakh units (2.02%) of Infrastructure Development Finance Company (IDFC), 51.32 lakh units (1.31%) of Gujarat State Petronet, and 1.03 lakh units (1.09%) of Grasim Industries among others.
The scheme exited completely from Bharat Heavy Electricals by selling 5.54 lakh units (5.59%), Housing Development Finance Corporation (HDFC) by selling 4.44 lakh units (4.07%), Indian Oil Corporation by selling 9.14 lakh units (2.89%) and Bharat Petroleum Corporation by selling 4.66 lakh units (1.29%) in March 2009.
Sector -wise, the scheme took fresh exposure in Aluminium and Aluminium Products at 2.02%, Finance & Investments at 2.02%, Diversified–Mega at 1.71% and Textiles–Manmade at 0.58% among others in March 2009.
Sector-wise, the scheme exited completely from Finance–Housing at 4.07%, Cement-North India at 0.55% in March 2009.
The scheme had highest exposure to Bharti Airtel with 20.99 lakh units (8.79% of portfolio size) followed by HDFC Bank with 13.54 lakh units (8.77%), Axis Bank with 31.38 lakh units (8.70%) and Reliance Industries with 7.89 lakh units (8.04%) among others in March 2009.
It reduced its exposure from Hero Honda Motors by selling 2.21 lakh units to 1.60 lakh units (by 1.41%), Reliance Petroleum by selling 16.03 lakh units to 4.99 lakh units (0.84%), Idea Cellular by selling 22.76 lakh units to 1.13 crore units (0.80%) and ICICI Bank by selling 1.84 lakh units to 6.74 lakh units (0.54%) among others in March 2009.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 20.72% (from 16.97% in February 2009), followed by Telecommunications-Service Provider at 12.61% (13.70%), Refineries at 8.36% (13.44%) and Engineering-Turnkey Services at 4.65% (3.37%) among others in March 2009.
Sector wise, the scheme had reduced exposure from Electric Equipment to 2.16% (by 5.23%), Refineries to 8.36% (by 5.08%), Automobiles-Motorcycles/Mopeds to 1.15% (by 1.41%) and Telecommunications-Service Provider to 12.61% (by 1.09%) among others in March 2009.
Performance: The scheme outperformed the Sensex over most of the time periods.
Over three-month period ended as on 21 April 2009, the scheme posted returns of 21.37% underperforming the Sensex that posted returns of 24.14%. Over 6 month period, the scheme's returns surged to 3.76% outperforming the Sensex that rose 2.01%.
The returns of the scheme over one year period fell 29.09% underperforming the Sensex that plunged by 34.90%.
Franklin India Flexi Cap Fund (G) is an open-ended equity diversified scheme launched in January 2005. The investment objective is to provide medium to long-term capital appreciation by investing in stocks across the entire market capitalistion range. The minimum investment amount is Rs 5000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 16.76 as on 21 April 2009.
Portfolio: The total net assets of the scheme increased by Rs 109.53 crore to Rs 1495.13 crore in March 2009.
Franklin India Flexi Cap Fund (G) took fresh exposure to nine stocks in March 2009. The scheme has purchased 58.07 lakh units (2.02%) of Hindalco Industries, 55.75 lakh units (2.02%) of Infrastructure Development Finance Company (IDFC), 51.32 lakh units (1.31%) of Gujarat State Petronet, and 1.03 lakh units (1.09%) of Grasim Industries among others.
The scheme exited completely from Bharat Heavy Electricals by selling 5.54 lakh units (5.59%), Housing Development Finance Corporation (HDFC) by selling 4.44 lakh units (4.07%), Indian Oil Corporation by selling 9.14 lakh units (2.89%) and Bharat Petroleum Corporation by selling 4.66 lakh units (1.29%) in March 2009.
Sector -wise, the scheme took fresh exposure in Aluminium and Aluminium Products at 2.02%, Finance & Investments at 2.02%, Diversified–Mega at 1.71% and Textiles–Manmade at 0.58% among others in March 2009.
Sector-wise, the scheme exited completely from Finance–Housing at 4.07%, Cement-North India at 0.55% in March 2009.
The scheme had highest exposure to Bharti Airtel with 20.99 lakh units (8.79% of portfolio size) followed by HDFC Bank with 13.54 lakh units (8.77%), Axis Bank with 31.38 lakh units (8.70%) and Reliance Industries with 7.89 lakh units (8.04%) among others in March 2009.
It reduced its exposure from Hero Honda Motors by selling 2.21 lakh units to 1.60 lakh units (by 1.41%), Reliance Petroleum by selling 16.03 lakh units to 4.99 lakh units (0.84%), Idea Cellular by selling 22.76 lakh units to 1.13 crore units (0.80%) and ICICI Bank by selling 1.84 lakh units to 6.74 lakh units (0.54%) among others in March 2009.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 20.72% (from 16.97% in February 2009), followed by Telecommunications-Service Provider at 12.61% (13.70%), Refineries at 8.36% (13.44%) and Engineering-Turnkey Services at 4.65% (3.37%) among others in March 2009.
Sector wise, the scheme had reduced exposure from Electric Equipment to 2.16% (by 5.23%), Refineries to 8.36% (by 5.08%), Automobiles-Motorcycles/Mopeds to 1.15% (by 1.41%) and Telecommunications-Service Provider to 12.61% (by 1.09%) among others in March 2009.
Performance: The scheme outperformed the Sensex over most of the time periods.
Over three-month period ended as on 21 April 2009, the scheme posted returns of 21.37% underperforming the Sensex that posted returns of 24.14%. Over 6 month period, the scheme's returns surged to 3.76% outperforming the Sensex that rose 2.01%.
The returns of the scheme over one year period fell 29.09% underperforming the Sensex that plunged by 34.90%.
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