Franklin India Technology Fund Direct Growth
Equity
Direct
Sector - Technology
About the Fund
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 ₹1611 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 1.1.
Returns
Franklin India Technology Fund Direct Growth has given a CAGR return of 21.32% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 56.08%, 19.99% and 28.14% respectively.
Holdings
Franklin India Technology Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Consumer Cyclical, Financial Services, Industrial, Corporate, Health. Its top holdings are Zomato Ltd, PB Fintech Ltd, Franklin Technology I Acc USD, CE Info Systems Ltd, Info Edge (India) 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.
Fund Performance
1212 people have invested ₹ 1.6Cr in Franklin India Technology 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
5Y returns in the bottom 25% of the category
Fund Overview
| Expense ratio | 1.09% |
Benchmark | S&P BSE IT |
| AUM | ₹1611 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 25.6% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
Small cap
33.9%
Large cap
32.2%
Mid cap
26.3%
Sector Allocation
Tech
53.7%
Communication
18.8%
Consumer Cyclical
12.4%
Financial Services
9.2%
Industrial
5.9%
Health
0.1%
All changes are between Apr'24 and Jun'24
as on (30-Jun-24)
See all
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Zomato Ltd | 9.6% |
 C.E. Info Systems Ltd | 2.1% |
 Zensar Technologies Ltd | 0.7% |
Anand Radhakrishnan
Fund Manager of Franklin India Technology Fund Direct Growth, since 3 March 2007
Top funds managed
Mutual Fund Insights
In the last 5 years, Aditya Birla Sun Life Digital India Fund Direct Plan Growth has given 29.24% return, outperforming this fund by 1.1% per annum.
Over the last 6 months, this fund has experienced a 35.4% growth in AUM moving from 1.18K Cr to 1.61K Cr.
This fund has one of the lowest expense ratio in the category (sector - technology). Its expense ratio is 1.09% which is lower than the category average expense ratio of 1.23%.
In the last 1 year, this fund has outperformed all funds in its category.
In the last 3 years, this fund has outperformed all funds in its category.
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 21.32% since inception which is less than its category average return of 32.66%
Fund Allocations
This fund has an allocation of 94.34% in Equity, 0% in Debt and 5.53% in Cash related instruments
AUM size ₹1611 Cr
This fund has AUM of ₹1611 Cr which is less than its category average of ₹ 3234 Cr
Expense Ratio 1.09%
This fund has an expense ratio of 1.09% which is less than its category average expense ratio of 1.23%
Frequently Asked Questions
The current NAV of Franklin India Technology Fund Direct Growth is ₹571.61 as on 24-Jul-2024.
Existing (Absolute + CAGR) as on 24-Jul-2024.
Franklin India Technology Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 8.26% | 8.26% |
6 Month Returns | 19.69% | 19.69% |
1 Year Returns | 56.08% | 56.08% |
3 Years Returns | 72.74% | 19.99% |
5 Years Returns | 245.54% | 28.14% |
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).
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1.09% as on June 2024
₹1611 Cr as on June 2024
Zomato Ltd(8.39%), PB Fintech Ltd(8.29%), CE Info Systems Ltd(4.49%), Info Edge (India) Ltd(4.41%), Zensar Technologies Ltd(4.4%) as on June 2024
Tech(50.63%), Communication(17.72%), Consumer Cyclical(11.7%) as on June 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 | 18.47 | 7.42 | 7.24 |
As on June 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 | 0.9 | 0.84 | 0.89 |
As on June 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 | 2.19 | 0.74 | 1.06 |
As on June 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 | 16.96 | 17.46 | 19.12 |
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 1.23 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.82 as on June 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%