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. 23617.96 crore at end of May 2009.
Franklin India Flexi Cap Fund (G) an open-ended equity diversified scheme launched in January 2005. The objective of the scheme is to long-term capital appreciation by investing in stocks across the entire market capitalisation range. The minimum investment amount is Rs.5000 and in multiples of Re.1000 thereafter. The unit NAV of the scheme was Rs.23.49 as on 10 June 2009.
Portfolio: The total net assets of the scheme increased by Rs.480.65 crore to Rs.2193.94 crore in May 2009.
Franklin India Flexi Cap Fund (G) took fresh exposure to eight stocks in May 2009. The scheme has purchased 20.15 lakh units (2.27%) of Federal Bank, 17.95 lakh units (1.89%) of Cairn India, 12.37 lakh units (1.49%) of Crompton Greaves, and 14.85 lakh units (1.41%) of Jaiprakash Associates among others.
The scheme exited completely from ten stocks in May 2009. It has exited from ITC by selling 19.27 lakh units (2.13%), Oil & Natural Gas Corporation by selling 3.52 lakh units (1.78%), Indian Overseas Bank by selling 19.54 lakh units (0.73%) and Mahindra & Mahindra by selling 2.43 lakh units (0.69%) among other in May 2009.
Sector-wise, the scheme took fresh exposure in Construction at 1.41%, Shipping at 1.17%, Trading at 0.46% and Textiles-Manmade at 0.30% in May 2009.
Sector-wise, the scheme exited completely from Cigarettes at 2.13%, Automobiles-Tractors at 0.69% and Pharmaceuticals-Multinational at 0.55% among others in May 2009.
The scheme had highest exposure to Reliance Industries with 8.21 lakh units (8.53% of portfolio size) followed by HDFC Bank with 10.59 lakh units (6.96%), Axis Bank with 16.93 lakh units (6.05%) and Larsen & Toubro with 7.81 lakh units (5.00%) among others in May 2009.
It reduced its exposure from Axis Bank by selling 12.91 lakh units to 16.93 lakh units (by 3.63%), Bharti Airtel by selling 4.64 lakh units to 13.16 lakh units (2.87%), Lupin by selling 1.44 lakh units to 6.80 crore units (0.86%) and Piramal Healthcare by selling 3.24 lakh units to 16.65 lakh units (0.73%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 19.00% (from 17.61% in April 2009), followed by Refineries at 8.86% (7.65%), Telecommunications-Service Provider at 8.15% (11.65%) and Engineering-Turnkey Services at 5.00% (3.24%) among others in May 2009.
Sector wise, the scheme had reduced exposure from Telecommunications-Service Provider to 8.15% (by 3.50%), Pharmaceuticals-Indian-Bulk Drugs to 2.59% (by 0.86%), Pharmaceuticals-Indian-Bulk Drugs & Formulation to 3.07% (by 0.72%) and Personal Care-Indian to 1.46% (by 0.66%) among others in May 2009.
Performance: The performance of scheme is benchmarked against S&P CNX 500 Equity index. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted returns of 30.44% underperforming the S&P CNX 500 Equity index that gained 33.51% over 1 month period ended 10 June 2009. Over 3 months period, the scheme advanced by 89.02% underperforming the benchmark index that gained 89.79%. It rose 10.28% outperforming the benchmark index that gained 4.54% over 1 year period.
Franklin India Flexi Cap Fund (G) an open-ended equity diversified scheme launched in January 2005. The objective of the scheme is to long-term capital appreciation by investing in stocks across the entire market capitalisation range. The minimum investment amount is Rs.5000 and in multiples of Re.1000 thereafter. The unit NAV of the scheme was Rs.23.49 as on 10 June 2009.
Portfolio: The total net assets of the scheme increased by Rs.480.65 crore to Rs.2193.94 crore in May 2009.
Franklin India Flexi Cap Fund (G) took fresh exposure to eight stocks in May 2009. The scheme has purchased 20.15 lakh units (2.27%) of Federal Bank, 17.95 lakh units (1.89%) of Cairn India, 12.37 lakh units (1.49%) of Crompton Greaves, and 14.85 lakh units (1.41%) of Jaiprakash Associates among others.
The scheme exited completely from ten stocks in May 2009. It has exited from ITC by selling 19.27 lakh units (2.13%), Oil & Natural Gas Corporation by selling 3.52 lakh units (1.78%), Indian Overseas Bank by selling 19.54 lakh units (0.73%) and Mahindra & Mahindra by selling 2.43 lakh units (0.69%) among other in May 2009.
Sector-wise, the scheme took fresh exposure in Construction at 1.41%, Shipping at 1.17%, Trading at 0.46% and Textiles-Manmade at 0.30% in May 2009.
Sector-wise, the scheme exited completely from Cigarettes at 2.13%, Automobiles-Tractors at 0.69% and Pharmaceuticals-Multinational at 0.55% among others in May 2009.
The scheme had highest exposure to Reliance Industries with 8.21 lakh units (8.53% of portfolio size) followed by HDFC Bank with 10.59 lakh units (6.96%), Axis Bank with 16.93 lakh units (6.05%) and Larsen & Toubro with 7.81 lakh units (5.00%) among others in May 2009.
It reduced its exposure from Axis Bank by selling 12.91 lakh units to 16.93 lakh units (by 3.63%), Bharti Airtel by selling 4.64 lakh units to 13.16 lakh units (2.87%), Lupin by selling 1.44 lakh units to 6.80 crore units (0.86%) and Piramal Healthcare by selling 3.24 lakh units to 16.65 lakh units (0.73%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 19.00% (from 17.61% in April 2009), followed by Refineries at 8.86% (7.65%), Telecommunications-Service Provider at 8.15% (11.65%) and Engineering-Turnkey Services at 5.00% (3.24%) among others in May 2009.
Sector wise, the scheme had reduced exposure from Telecommunications-Service Provider to 8.15% (by 3.50%), Pharmaceuticals-Indian-Bulk Drugs to 2.59% (by 0.86%), Pharmaceuticals-Indian-Bulk Drugs & Formulation to 3.07% (by 0.72%) and Personal Care-Indian to 1.46% (by 0.66%) among others in May 2009.
Performance: The performance of scheme is benchmarked against S&P CNX 500 Equity index. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted returns of 30.44% underperforming the S&P CNX 500 Equity index that gained 33.51% over 1 month period ended 10 June 2009. Over 3 months period, the scheme advanced by 89.02% underperforming the benchmark index that gained 89.79%. It rose 10.28% outperforming the benchmark index that gained 4.54% over 1 year period.
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