Top SIP Funds Online
With a 10-year return of 7.6%, the fund has outperformed the benchmark (6.16%) but has significantly underperformed the category (9.28%).The fund's long-term track record is not very healthy.
BASIC FACTS
Date of launch : 22 Feb 2000
Category : Equity
Type : Multi Cap
Average AUM : Rs 671.29 cr
Benchmark : S&P BSE 200 Index
WHAT IT COSTS
NAVS*
Growth option : Rs 74
Dividend option : Rs 21
Minimum investment : Rs 5,000
Minimum SIP amount : Rs 500
Expense ratio (%)^ : 2.74
Exit load: 1% for redemption within 365 days
Date of launch : 22 Feb 2000
Category : Equity
Type : Multi Cap
Average AUM : Rs 671.29 cr
Benchmark : S&P BSE 200 Index
WHAT IT COSTS
NAVS*
Growth option : Rs 74
Dividend option : Rs 21
Minimum investment : Rs 5,000
Minimum SIP amount : Rs 500
Expense ratio (%)^ : 2.74
Exit load: 1% for redemption within 365 days
Fund manager : R. Janakiraman
Tenure: 4 years 6 months
Education: B.E, PGDM
Where does the fund invest?
The fund's top picks are mostly from the banking space.
Tenure: 4 years 6 months
Education: B.E, PGDM
Where does the fund invest?
The fund's top picks are mostly from the banking space.
How risky is it?
The fund's risk-reward profile is below average.
The fund's risk-reward profile is below average.
Franklin India Opportunities Fund takes no particular market-cap bias, but is tilted towards large-caps and follows a broad investment mandate. Its long-term track record is patchy, with several years of underperformance since 2007, relative to peers in the same category. The portfolio is compact with healthy exposure in top bets. The fund manager is comfortable taking large positions in high conviction picks, and also picking stocks from outside the benchmark index.
However, the portfolio is heavily skewed towards the banking sector, with six of its top 10 stocks from this space. The fund's portfolio turnover has been consistently low in the past few years, indicating a strict buy-and hold approach. Given its weak return profile, other proven flexicap funds from the same fund house are better picks.
However, the portfolio is heavily skewed towards the banking sector, with six of its top 10 stocks from this space. The fund's portfolio turnover has been consistently low in the past few years, indicating a strict buy-and hold approach. Given its weak return profile, other proven flexicap funds from the same fund house are better picks.
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This post first appeared on Prajna Capital - An Investment Guide, please read the originial post: here
