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 Bluechip Fund (G) is an open-ended growth scheme launched in October
1993, as a 3-year closed end fund, FIBCF was converted into an open end fund from January 1997. The fund invests mainly in large cap blue-chip shares.
The objective of the scheme is to provide medium to long term capital appreciation. The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs. 147.44 per unit as on 23 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 384.11 crore to Rs 2138.60 crore in May 2009.
Franklin India Bluechip Fund (G) took fresh exposure to five new stocks in May 2009. The scheme has purchased 3.18 lakh units (1.40%) of Container Corporation of India, 9.84 lakh units (1.07%) of Cairn India and 2.00 lakh units (0.78%) of United Spirits among others.
The scheme exited completely from JSW Steel by selling 4.00 lakh units (0.77%), Hindalco Industries by selling 20.00 lakh units (0.61%) and Tata Chemicals by selling 6.09 lakh units (0.59%) among others in May 2009.
Sector -wise, the scheme took fresh exposure in Breweries & Distilleries at 0.78%, Construction at 0.58% and Banks - Public Sector at 0.44% in May 2009.
Sector-wise, the scheme exited completely from Aluminium and Aluminium Products at 0.61% and Fertilizers at 0.59% in May 2009.
The scheme had highest exposure to Reliance Industries with 8.00 lakh units (8.52% of portfolio size) followed by HDFC Bank with 11.90 lakh units (8.03%), Bharti Airtel with 16.00 lakh units (6.13%) and Kotak Mahindra Bank with 17.00 lakh units (5.41%) among others in May 2009.
It reduced its exposure from Bharti Airtel by selling 2.20 lakh units to 16.00 lakh units (by 1.64%), Grasim Industries by selling 1.00 lakh units to 2.00 lakh units (1.07%), Bharat Petroleum Corporation by selling 4.00 lakh units to 2.00 lakh units (0.89%) and Infosys Technologies to 6.50 lakh units (0.71%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 20.44% (from 17.43% in April 2009), followed by Telecommunications-Service Provider at 9.05% (10.58%), Refineries at 8.95% (9.54%) and Computers-Software-Large at 6.53% (7.18%) among others in May 2009.
Sector-wise, the scheme had reduced exposure from Telecommunications-Service Provider to 9.05% (by 1.53%), Diversified-Mega to1.97% (by 1.07%), Steel-Large to 0.38% (by 0.66%) and Computers-Software-Large to 6.53% (by 0.65%) among others in May 2009.
Performance: The performance of scheme is benchmarked against BSE Sensex. The scheme has outperformed the benchmark index over most of the time periods.
The scheme has posted returns of 3.19% outperforming the BSE Sensex that gained 3.15% over 1 month period ended 23 June 2009.
Over 3 months period, the scheme advanced by 51.31% underperforming the benchmark index that gained 51.99%. It rose 9.93% outperforming the benchmark index that gained 0.21% over 1 year period.
The fund house manages assets worth Rs 23617.96 crore at end of May 2009. Franklin India Bluechip Fund (G) is an open-ended growth scheme launched in October
1993, as a 3-year closed end fund, FIBCF was converted into an open end fund from January 1997. The fund invests mainly in large cap blue-chip shares.
The objective of the scheme is to provide medium to long term capital appreciation. The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs. 147.44 per unit as on 23 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 384.11 crore to Rs 2138.60 crore in May 2009.
Franklin India Bluechip Fund (G) took fresh exposure to five new stocks in May 2009. The scheme has purchased 3.18 lakh units (1.40%) of Container Corporation of India, 9.84 lakh units (1.07%) of Cairn India and 2.00 lakh units (0.78%) of United Spirits among others.
The scheme exited completely from JSW Steel by selling 4.00 lakh units (0.77%), Hindalco Industries by selling 20.00 lakh units (0.61%) and Tata Chemicals by selling 6.09 lakh units (0.59%) among others in May 2009.
Sector -wise, the scheme took fresh exposure in Breweries & Distilleries at 0.78%, Construction at 0.58% and Banks - Public Sector at 0.44% in May 2009.
Sector-wise, the scheme exited completely from Aluminium and Aluminium Products at 0.61% and Fertilizers at 0.59% in May 2009.
The scheme had highest exposure to Reliance Industries with 8.00 lakh units (8.52% of portfolio size) followed by HDFC Bank with 11.90 lakh units (8.03%), Bharti Airtel with 16.00 lakh units (6.13%) and Kotak Mahindra Bank with 17.00 lakh units (5.41%) among others in May 2009.
It reduced its exposure from Bharti Airtel by selling 2.20 lakh units to 16.00 lakh units (by 1.64%), Grasim Industries by selling 1.00 lakh units to 2.00 lakh units (1.07%), Bharat Petroleum Corporation by selling 4.00 lakh units to 2.00 lakh units (0.89%) and Infosys Technologies to 6.50 lakh units (0.71%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 20.44% (from 17.43% in April 2009), followed by Telecommunications-Service Provider at 9.05% (10.58%), Refineries at 8.95% (9.54%) and Computers-Software-Large at 6.53% (7.18%) among others in May 2009.
Sector-wise, the scheme had reduced exposure from Telecommunications-Service Provider to 9.05% (by 1.53%), Diversified-Mega to1.97% (by 1.07%), Steel-Large to 0.38% (by 0.66%) and Computers-Software-Large to 6.53% (by 0.65%) among others in May 2009.
Performance: The performance of scheme is benchmarked against BSE Sensex. The scheme has outperformed the benchmark index over most of the time periods.
The scheme has posted returns of 3.19% outperforming the BSE Sensex that gained 3.15% over 1 month period ended 23 June 2009.
Over 3 months period, the scheme advanced by 51.31% underperforming the benchmark index that gained 51.99%. It rose 9.93% outperforming the benchmark index that gained 0.21% over 1 year period.
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