Franklin India Smaller Companies Fund Direct Growth
Equity
Direct
Small-Cap
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. The fund could potentially beat inflation in the long-run.
Key Parameters
- Franklin India Smaller Companies Fund Direct Growth has ₹14023 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
- The fund has an expense ratio 0.9.
Returns
Franklin India Smaller Companies Fund Direct Growth has given a CAGR return of 23.89% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 57.81%, 31.20% and 31.10% respectively.
Holdings
Franklin India Smaller Companies Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Consumer Cyclical, Health, Basic Materials, Tech, Real Estate, Consumer Defensive, Corporate, Utilities, Energy, Communication. Its top holdings are Brigade Enterprises Ltd, Equitas Small Finance Bank Ltd Ordinary Shares, Kalyan Jewellers India Ltd, Deepak Nitrite Ltd, Karur Vysya Bank Ltd
Taxation
As it is a small-cap 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 Smaller Companies Fund Direct Growth
The Fund seeks to provide long-term capital appreciation by investing predominantly in small cap 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 Smaller Companies Fund Direct Growth has no lock in period.
Fund Performance
5568 people have invested ₹ 4.1Cr in Franklin India Smaller Companies Fund Direct Growth in the last three months
INDmoney Rank
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
No bad points found for this fund.
Fund Overview
| Expense ratio | 0.91% |
Benchmark | S&P BSE Smallcap TR INR |
| AUM | ₹14023 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 14.47% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
Small cap
77.8%
Mid cap
12.5%
Large cap
4.8%
Sector Allocation
Industrial
31.6%
Financial Services
19.1%
Consumer Cyclical
15.1%
Health
6.9%
Basic Materials
6.8%
Tech
6.3%
Real Estate
6.1%
Consumer Defensive
4.9%
Utilities
1.8%
Energy
0.9%
Communication
0.5%
All changes are between Apr'24 and Jun'24
as on (30-Jun-24)
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Kalyan Jewellers India Ltd | 23.9% |
 360 ONE WAM Ltd | 17.9% |
 Amara Raja Energy & Mobility Ltd | 12% |
R. Janakiraman
Fund Manager of Franklin India Smaller Companies Fund Direct Growth, since 1 February 2011
Top funds managed
Mutual Fund Insights
Over the last 3 months, this fund has experienced a 21.5% growth in AUM moving from 11.53K Cr to 14.02K Cr.
In the last 1 year, Bandhan Small Cap Fund Direct Growth has given 73.61% return, outperforming this fund by 15.8%.
In the last 3 years, Nippon India Small Cap Fund - Direct Plan - Growth Plan has given 32.93% return, outperforming this fund by 1.73% per annum.
In the last 5 years, Quant Small Cap Fund Growth Option Direct Plan has given 46.9% return, outperforming this fund by 15.81% per annum.
This fund expense ratio is slightly on the lower side within the category (small-cap). Its expense ratio is 0.92% which is lower than the category average expense ratio of 1.14%.
Franklin India Smaller Companies 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 23.89% since inception which is more than its category average return of 21.54%
Fund Allocations
This fund has an allocation of 96.92% in Equity, 0% in Debt and 2.94% in Cash related instruments
AUM size ₹14023 Cr
This fund has AUM of ₹14023 Cr which is more than its category average of ₹ 7573 Cr
Expense Ratio 0.91%
This fund has an expense ratio of 0.91% which is less than its category average expense ratio of 1.22%
Frequently Asked Questions
The current NAV of Franklin India Smaller Companies Fund Direct Growth is ₹204.71 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Franklin India Smaller Companies Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.09% | 2.09% |
6 Month Returns | 23.6% | 23.6% |
1 Year Returns | 57.81% | 57.81% |
3 Years Returns | 125.82% | 31.2% |
5 Years Returns | 287.21% | 31.1% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.91% as on June 2024
₹14023 Cr as on June 2024
Brigade Enterprises Ltd(4.01%), Equitas Small Finance Bank Ltd Ordinary Shares(3.33%), Kalyan Jewellers India Ltd(3.13%), Deepak Nitrite Ltd(2.48%), Karur Vysya Bank Ltd(2.27%) as on June 2024
Industrial(30.6%), Financial Services(18.51%), Consumer Cyclical(14.63%) as on June 2024
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 | 8.04 | 9.28 | 2.98 |
As on June 2024
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 | 0.78 | 0.75 | 0.85 |
As on June 2024
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 | 2.89 | 1.68 | 1.02 |
As on June 2024
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 | 14.83 | 14.85 | 22.82 |
As on June 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 3.66 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.87 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
R. Janakiraman is the fund manager of Franklin India Smaller Companies Fund Direct Growth
The Exit load of Franklin India Smaller Companies Fund Direct Growth is 1%