Franklin India Technology Fund Direct Growth
Equity
Direct
Sector - Technology
NAV as on 19-11-2024
₹ 570.93
▲0.4%
1D
Inception Returns
20.7%
/yr
About Franklin India Technology Fund Direct Growth
Franklin India Technology Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Anand Radhakrishnan. The fund could potentially beat inflation in the long-run.
Key Parameters
- Franklin India Technology Fund Direct Growth has ₹1845 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 1.
Returns
Franklin India Technology Fund Direct Growth has given a CAGR return of 20.67% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.51%, 14.22% and 27.57% respectively.
Holdings
Franklin India Technology Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Consumer Cyclical, Industrial, Financial Services, Corporate, Health. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, Bharti Airtel Ltd, Zomato Ltd, HCL Technologies Ltd
Taxation
As it is a sector - technology mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Franklin India Technology Fund Direct Growth
To provide long-term capital appreciation by predominantly investing in equity and equity related securities of technology and technology related companies.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Franklin India Technology Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
1627 people have invested ₹ 1.4Cr in Franklin India Technology Fund Direct Growth in the last three months
INDmoney Rank for Franklin India Technology Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
5Y returns in the bottom 25% of the category
Franklin India Technology Fund Direct Growth Overview
| Expense ratio | 1.03% |
Benchmark | S&P BSE IT |
| AUM | ₹1845 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 43.71% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
60.9%
Small cap
15.8%
Mid cap
9.2%
Sector Allocation
Tech
67.9%
Communication
17.3%
Consumer Cyclical
6%
Industrial
4.9%
Financial Services
4%
Health
0%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -4.71% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 1.81% in Oct'24
- AUM of the fund stands at 1.8K Cr as of Oct'24
- AUM decreased by 59 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Zomato Ltd's allocation increased from 4.02% to 4.88%
Bharti Airtel Ltd's allocation increased from 10.79% to 11.64%
PB Fintech Ltd's allocation increased from 3.32% to 3.6%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 21.39 % to 20.68 %
Tata Consultancy Services Ltd's allocation decreased from 17.14 % to 16.45 %
TeamLease Services Ltd's allocation decreased from 3.6 % to 3.32 %
Large Cap allocation has gone up from 60.3% to 60.9%
Small Cap allocation has gone down from 17.8% to 15.8%
Mid Cap allocation has gone up from 9% to 9.2%
Cash allocation has gone up from 5% to 5.8%
Top 3 Sectors in October were Tech, Communication & Industrial
Oct'24
Tech
68%
Communication
17%
Consumer Cyclical
6%
Sep'24
Tech
68%
Communication
18%
Industrial
5%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 18.9% |
 Zensar Technologies Ltd | 3% |
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Anand Radhakrishnan
Fund Manager of Franklin India Technology Fund Direct Growth, since 3 March 2007
Top funds managed
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Total Schemes
Total AUM
₹1.17L Cr
as on 31-Oct-2024
Address
One International Centre, Tower 2, 12th and 13th Floor,Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
+912267519100
Website
service@templeton.com
Mutual Fund Insights
In the last 3 years, this fund has outperformed all funds in its category.
In the last 1 year, Tata Digital India Fund Direct Growth has given 38.91% return, outperforming this fund by 3.4%.
In the last 5 years, Tata Digital India Fund Direct Growth has given 30.26% return, outperforming this fund by 2.69% per annum.
This fund expense ratio is slightly on the lower side within the category (sector - technology). Its expense ratio is 1.03% which is lower than the category average expense ratio of 1.24%.
Over the last 6 months, this fund has experienced a 27.7% growth in AUM moving from 1.44K Cr to 1.84K Cr.
Franklin India Technology Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 20.67% since inception which is less than its category average return of 23.28%
Fund Allocations
This fund has an allocation of 94.12% in Equity, 0% in Debt and 5.81% in Cash related instruments
AUM size ₹1845 Cr
This fund has AUM of ₹1845 Cr which is less than its category average of ₹ 2941 Cr
Expense Ratio 1.03%
This fund has an expense ratio of 1.03% which is less than its category average expense ratio of 1.14%
Frequently Asked Questions for Franklin India Technology Fund Direct Growth
The current NAV of Franklin India Technology Fund Direct Growth is ₹570.93 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
Franklin India Technology Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.37% | -3.37% |
6 Month Returns | 12.59% | 12.59% |
1 Year Returns | 35.51% | 35.51% |
3 Years Returns | 49% | 14.22% |
5 Years Returns | 237.86% | 27.57% |
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1.03% as on October 2024
₹1845 Cr as on October 2024
Infosys Ltd(20.68%), Tata Consultancy Services Ltd(16.45%), Bharti Airtel Ltd(11.64%), Zomato Ltd(4.88%), HCL Technologies Ltd(3.71%) as on October 2024
Tech(63.88%), Communication(16.26%), Consumer Cyclical(5.64%) as on October 2024
The alpha ratio for the Franklin India Technology Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Franklin India Technology Fund Direct Growth | 11.46 | 6.24 | 6.77 |
As on October 2024
The alpha for Franklin India Technology Fund Direct Growth is calculated against S&P BSE IT. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Franklin India Technology Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Franklin India Technology Fund Direct Growth | 0.84 | 0.84 | 0.88 |
As on October 2024
The Beta for Franklin India Technology Fund Direct Growth is calculated with S&P BSE IT. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Franklin India Technology Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Franklin India Technology Fund Direct Growth | 1.79 | 0.58 | 1.12 |
As on October 2024
The sharpe ratio for Franklin India Technology Fund Direct Growth is calculated with S&P BSE IT. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Franklin India Technology Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Franklin India Technology Fund Direct Growth | 18.43 | 17.86 | 19.48 |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.95 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.69 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Anand Radhakrishnan is the fund manager of Franklin India Technology Fund Direct Growth
The Exit load of Franklin India Technology Fund Direct Growth is 1%