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 25473.32 crore at end of June 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. 149.74 per unit as on 16 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 60.81 crore to Rs 2199.40 crore in June 2009.
Franklin India Bluechip Fund (G) took fresh exposure to four stocks in June 2009. The scheme has purchased 4.63 lakh units (1.45%) of UltraTech Cement,, 1.63 lakh units (0.81%) Sun Pharmaceuticals, 5.00 lakh units (0.65%) of GAIL (India) and 44054 units (0.25%) of Oracle Financial Services Software.
The scheme exited completely from ITC by selling 15.00 lakh units (1.29%), Dabur India by selling 15.00 lakh units (0.77%) and Glaxosmithkline Pharma by selling 1.20 lakh units (0.65%) in June 2009.
Sector-wise, the scheme took fresh exposure to Cement-North India at 1.45%.
Sector-wise, the scheme exits completely from Cigarettes at 1.29%, Personal Care–Indian at 0.77% and Pharmaceuticals – Multinational at 0.65% in June 2009.
The scheme had highest exposure to Reliance Industries with 8.00 lakh units (7.36% of portfolio size) followed by HDFC Bank with 9.50 lakh units (6.44%), Bharti Airtel with 16.40 lakh units (5.98%) and Kotak Mahindra Bank with 17.00 lakh units (4.89%) among others in June 2009.
It reduced its exposure from HDFC Bank by selling 2.40 lakh units to 9.50 lakh units (by 1.59%), Reliance Industries to 8.00 lakh units (1.16%), Larsen & Toubro by selling units 2.15 lakh units to 5.60 lakh units (1.10%) and Kotak Mahindra Bank to 17.00 lakh units (0.52%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Banks - Private Sector at 18.37% (from 20.44% in May 2009), followed by Telecommunications - Service Provider at 8.41% (9.05%), Refineries at 8.34% (8.95%) and Computers - Software – Large at 6.11% (6.53%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Banks - Private Sector to 18.37% (by 2.07%), Engineering - Turnkey Services to 3.99% (by 1.10%), Telecommunications - Service Provider to 8.41% (by 0.64%) and Refineries to 8.34% (by 0.61%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE Sensex. The scheme has outperformed the benchmark index over all the time periods.
The scheme has posted negative returns of 2.48% outperforming the BSE Sensex that declined 4.73% over 1 month period ended 16 July 2009.
Over 3 month's period, the scheme advanced by 33.54% outperforming the BSE Sensex that gained 30.14%. It rose 26.29% over 1 year period, once again outperforming the benchmark index that was up by just 13.31%.
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. 149.74 per unit as on 16 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 60.81 crore to Rs 2199.40 crore in June 2009.
Franklin India Bluechip Fund (G) took fresh exposure to four stocks in June 2009. The scheme has purchased 4.63 lakh units (1.45%) of UltraTech Cement,, 1.63 lakh units (0.81%) Sun Pharmaceuticals, 5.00 lakh units (0.65%) of GAIL (India) and 44054 units (0.25%) of Oracle Financial Services Software.
The scheme exited completely from ITC by selling 15.00 lakh units (1.29%), Dabur India by selling 15.00 lakh units (0.77%) and Glaxosmithkline Pharma by selling 1.20 lakh units (0.65%) in June 2009.
Sector-wise, the scheme took fresh exposure to Cement-North India at 1.45%.
Sector-wise, the scheme exits completely from Cigarettes at 1.29%, Personal Care–Indian at 0.77% and Pharmaceuticals – Multinational at 0.65% in June 2009.
The scheme had highest exposure to Reliance Industries with 8.00 lakh units (7.36% of portfolio size) followed by HDFC Bank with 9.50 lakh units (6.44%), Bharti Airtel with 16.40 lakh units (5.98%) and Kotak Mahindra Bank with 17.00 lakh units (4.89%) among others in June 2009.
It reduced its exposure from HDFC Bank by selling 2.40 lakh units to 9.50 lakh units (by 1.59%), Reliance Industries to 8.00 lakh units (1.16%), Larsen & Toubro by selling units 2.15 lakh units to 5.60 lakh units (1.10%) and Kotak Mahindra Bank to 17.00 lakh units (0.52%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Banks - Private Sector at 18.37% (from 20.44% in May 2009), followed by Telecommunications - Service Provider at 8.41% (9.05%), Refineries at 8.34% (8.95%) and Computers - Software – Large at 6.11% (6.53%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Banks - Private Sector to 18.37% (by 2.07%), Engineering - Turnkey Services to 3.99% (by 1.10%), Telecommunications - Service Provider to 8.41% (by 0.64%) and Refineries to 8.34% (by 0.61%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE Sensex. The scheme has outperformed the benchmark index over all the time periods.
The scheme has posted negative returns of 2.48% outperforming the BSE Sensex that declined 4.73% over 1 month period ended 16 July 2009.
Over 3 month's period, the scheme advanced by 33.54% outperforming the BSE Sensex that gained 30.14%. It rose 26.29% over 1 year period, once again outperforming the benchmark index that was up by just 13.31%.
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