Franklin India Smaller Companies Fund Direct Growth
Equity
Direct
Small-Cap
NAV: ₹ 119.2 as on 01-06-2023
Fund Performance
1626 people have invested ₹ 1.5Cr in Franklin India Smaller Companies Fund Direct Growth in the last three months
Fund Insights
In the last 1 year, HDFC Small Cap Fund-Direct Growth Option has given 33.91% return, outperforming Franklin India Smaller Companies Fund Direct Growth by 3.84%
In the last 3 years, Quant Small Cap Fund Growth Option Direct Plan has given 65.26% return, outperforming Franklin India Smaller Companies Fund Direct Growth by 20.89% per annum
In the last 5 years, Quant Small Cap Fund Growth Option Direct Plan has given 26.12% return, outperforming Franklin India Smaller Companies Fund Direct Growth by 12.42% per annum
Franklin India Smaller Companies Fund Direct Growth has one of the lowest expense ratio in the category (small-cap). Its expense ratio is 0.84% which is lower than the category average expense ratio of 1.29%
Over the last 3 months, Franklin India Smaller Companies Fund Direct Growth has experienced a 5.8% growth in AUM moving from 7.17K Cr to 7.59K Cr
INDmoney Rank
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IND ranking is not available for this fund.
Pros
Beats FD returns for both 3Y & 5Y duration
Cons
3Y returns in the bottom 25% of the category
About the Fund
Franklin India Smaller Companies Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by R. Janakiraman, Sandeep Manam, Akhil Kalluri. The fund could potentially beat inflation in the long-run.
Key parameters
1) Franklin India Smaller Companies Fund Direct Growth has a NAV of ₹119.1659 as on 01-06-2023.
2) Franklin India Smaller Companies Fund Direct Growth has ₹7593 Cr worth of assets under management (AUM) as on 30-04-2023 and is more than category average.
3) The fund has an expense ratio 0.84 %.
Franklin India Smaller Companies Fund Direct Growth Overview
 | 0.84% |
 Benchmark | S&P BSE Smallcap TR INR |
 | ₹7593 Cr |
 | 1 January, 2013 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 15.5% |
Fund Distribution as on (30-Apr-23)
Size breakup
Small cap
74.1%
Mid cap
11.8%
Large cap
6.2%
Sector Allocation
Industrial
28.6%
Financial Services
20.1%
Consumer Cyclical
14.6%
Basic Materials
9.9%
Consumer Defensive
6.6%
Health
6.1%
Real Estate
5.7%
Tech
4.6%
Communication
2.1%
Energy
1.8%
Top Holdings of Franklin India Smaller Companies Fund Direct Growth as on (31-May-23)
Equity Holdings75
Franklin India Smaller Companies Fund Direct Growth: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at 0.09% whereas the fund’s underlying benchmark Nifty Smallcap 250 returns stands at -2.74% as on Apr'23
- This fund outperformed Nifty Smallcap 250 by 2.83% in Apr'23
AUM Change
- AUM of the fund stands at 7.6K Cr as of Apr'23
- AUM increased by 299.5 Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Gainers & Losers in Franklin India Smaller Companies Fund Direct Growth portfolio as on (30-Apr-23)
Top Growth Drivers | 1M Return |
|---|---|
 Anupam Rasayan India Ltd | 33.7% |
 Cyient Ltd | 18.6% |
 KPIT Technologies Ltd | 13% |
Peer Analysis
Franklin India Smaller Companies Fund Direct Growth Fund Manager
R. Janakiraman
Fund Manager of Franklin India Smaller Companies Fund Direct Growth, since 1 February 2011
Top funds managed
Sandeep Manam
Fund Manager of Franklin India Smaller Companies Fund Direct Growth, since 18 October 2021
Top funds managed
Akhil Kalluri
Fund Manager of Franklin India Smaller Companies Fund Direct Growth, since 8 September 2022
Top funds managed
Fund 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 20.43% since inception which is more than its category average return of 17.41%
Fund Allocations
This fund has an allocation of 92.73% in Equity, 0% in Debt and 7.05% in Cash related instruments
AUM size ₹7593 Cr
This fund has AUM of ₹7593 Cr which is more than its category average of ₹ 3967 Cr
Expense Ratio 0.84%
This fund has an expense ratio of 0.84% which is less than its category average expense ratio of 1.32%
Frequently Asked Questions
The current NAV of Franklin India Smaller Companies Fund Direct Growth is ₹119.17 as on 01-Jun-2023.
Existing (Absolute + CAGR) as on 01-Jun-2023.
Franklin India Smaller Companies Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.98% | 6.98% |
6 Month Returns | 10.34% | 10.34% |
1 Year Returns | 30.07% | 30.07% |
3 Years Returns | 200.91% | 44.37% |
5 Years Returns | 89.97% | 13.69% |
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0.84% as on May 2023
₹7593 Cr as on May 2023
Equitas Small Finance Bank Ltd Ordinary Shares(4.44%), Brigade Enterprises Ltd(4.04%), Deepak Nitrite Ltd(3.45%), ICICI Bank Ltd(2.73%), J.B. Chemicals & Pharmaceuticals Ltd Shs Dematerialised(2.73%) as on May 2023
Industrial(25.86%), Financial Services(18.13%), Consumer Cyclical(13.69%) as on January 1
The alpha ratio for the Franklin India Smaller Companies Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Franklin India Smaller Companies Fund Direct Growth | 14.25 | 9.09 | 2.85 |
As on May 2023
The alpha for Franklin India Smaller Companies Fund Direct Growth is calculated against S&P BSE Smallcap TR INR. 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 Smaller Companies Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Franklin India Smaller Companies Fund Direct Growth | 0.69 | 0.78 | 0.83 |
As on May 2023
The Beta for Franklin India Smaller Companies Fund Direct Growth is calculated with S&P BSE Smallcap TR INR. 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 Smaller Companies 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 Smaller Companies Fund Direct Growth | - | - | - |
As on May 2023
The sharpe ratio for Franklin India Smaller Companies Fund Direct Growth is calculated with S&P BSE Smallcap TR INR. 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 Smaller Companies 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 Smaller Companies Fund Direct Growth | 12.77 | 16.77 | 23.15 |
As on May 2023
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.
Information ratio is 0.47 as on May 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
R. Janakiraman, Sandeep Manam, Akhil Kalluri are the fund managers of Franklin India Smaller Companies Fund Direct Growth
The Exit load of Franklin India Smaller Companies Fund Direct Growth is 1%