Franklin India Smaller Companies Fund Direct Growth

Franklin India Smaller Companies Fund Direct Growth

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Equity
Direct
Small-Cap
NAV: ₹ 196.96 as on 13-06-2024

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

  1. Franklin India Smaller Companies Fund Direct Growth has ₹12797 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.9.

Returns

Franklin India Smaller Companies Fund Direct Growth has given a CAGR return of 23.74% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 61.70%, 32.82% and 27.73% 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, Real Estate, Tech, 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 benefit
Dividends 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
zero opening, trading, fund transfer fee
4753 people have invested ₹ 3.3Cr in Franklin India Smaller Companies Fund Direct Growth in the last three months

INDmoney Rank

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IND ranking is not available for this fund.

Pros

3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration

Cons

No bad points found for this fund.

Overview

Expense ratio
Expense ratio
0.92%
Benchmark
Benchmark
S&P BSE Smallcap TR INR
AUM
AUM
₹12797 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
14.47%

Franklin India Smaller Companies Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 95.1%

  • Debt & Cash 4.8%

Size breakup

Small cap
77.1%
Mid cap
11.7%
Large cap
4.9%
Sector Allocation

Apr'24

Mar'24

Feb'24

Industrial
29.1%
Financial Services
21.6%
Consumer Cyclical
14.7%
Health
7.1%
Basic Materials
6.6%
Real Estate
6.2%
Tech
6.1%
Consumer Defensive
5.2%
Utilities
1.7%
Energy
1.1%
Communication
0.6%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
9.42%
-2.06%
-0.08%
Nifty Smallcap 250
7.26%
-4.85%
-0.79%
  • This fund’s returns stands at 9.42% whereas the fund’s underlying benchmark Nifty Smallcap 250 returns stands at 7.26% as on Apr'24
  • This fund outperformed Nifty Smallcap 250 by 2.17% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 12.6K Cr
₹ 11.5K Cr
₹ 11.8K Cr
  • AUM of the fund stands at 12.6K Cr as of Apr'24
  • AUM increased by 1K Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Franklin India Smaller Companies Fund Direct Growth as on (31-May-24)

  • Equity

  • Debt & Cash

Equity Holdings85
Debt Holdings1

Mutual Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (small-cap). Its expense ratio is 0.93% which is lower than the category average expense ratio of 1.16%.
Insights icon
In the last 1 year, Bandhan Small Cap Fund Direct Growth has given 73.76% return, outperforming this fund by 12.06%.
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In the last 5 years, Quant Small Cap Fund Growth Option Direct Plan has given 43.52% return, outperforming this fund by 15.8% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 18.8% growth in AUM moving from 10.77K Cr to 12.79K Cr.
Insights icon
In the last 3 years, Quant Small Cap Fund Growth Option Direct Plan has given 35.61% return, outperforming this fund by 2.79% per annum.

Fund Manager

R. Janakiraman
R. Janakiraman
Fund Manager of Franklin India Smaller Companies Fund Direct Growth, since 1 February 2011

Franklin India Smaller Companies Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 23.74% since inception which is more than its category average return of 21.22%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.06% in Equity, 0% in Debt and 4.79% in Cash related instruments
AUM size ₹12797 Cr

AUM size ₹12797 Cr

This fund has AUM of ₹12797 Cr which is more than its category average of ₹ 6823 Cr
Expense Ratio 0.92%

Expense Ratio 0.92%

This fund has an expense ratio of 0.92% which is less than its category average expense ratio of 1.2%

Frequently Asked Questions

The current NAV of Franklin India Smaller Companies Fund Direct Growth is ₹196.96 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Franklin India Smaller Companies Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
12.78%
12.78%
6 Month Returns
23.98%
23.98%
1 Year Returns
61.7%
61.7%
3 Years Returns
134.33%
32.82%
5 Years Returns
239.95%
27.73%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.92% as on May 2024
₹12797 Cr as on May 2024
Brigade Enterprises Ltd(4.18%), Equitas Small Finance Bank Ltd Ordinary Shares(3.48%), Kalyan Jewellers India Ltd(2.66%), Deepak Nitrite Ltd(2.38%), Karur Vysya Bank Ltd(2.37%) as on May 2024
Industrial(30.16%), Financial Services(18.36%), Consumer Cyclical(13.4%) as on May 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
7.81
8.8
2.96
As on May 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
0.75
0.74
0.85
As on May 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
2.84
1.63
0.91
As on May 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
13.71
14.28
22.71
As on May 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 3.41 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.76 as on May 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%