Franklin India Technology Fund Direct Growth

Franklin India Technology Fund Direct Growth

Equity

Direct

Sector - Technology

NAV as on 02-12-2024

₹ 598.74

0.6%

1D

Inception Returns

21%

/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 R. Janakiraman. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. 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.
  2. The fund has an expense ratio 1.

Returns

Franklin India Technology Fund Direct Growth has given a CAGR return of 21.00% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 39.89%, 16.71% and 28.60% 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 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 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

zero opening, trading, fund transfer fee
1625 people have invested ₹ 1.3Cr in Franklin India Technology Fund Direct Growth in the last three months

INDmoney Rank for Franklin India Technology Fund Direct Growth

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IND ranking is not available for this fund.
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3Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y duration
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5Y returns in the bottom 25% of the category

Franklin India Technology Fund Direct Growth Overview

Expense ratio1.03%
Benchmark
S&P BSE IT
AUM₹1845 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
43.71%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (02-Dec-24)

Period
Franklin India Technology Fund Direct Growth
Nifty 500
sector - technology
1M
2.5%
0.1%
7.3%
3M
-0.9%
-3.9%
1.6%
6M
20.4%
8.2%
33.2%
1Y
39.9%
26.1%
37.4%
3Y
16.7%
15.1%
8.9%
5Y
28.6%
18.4%
31%

Fund Distribution

as on (31-Oct-24)

  • Equity 94.1%

  • Debt & Cash 5.8%

Large cap
60.9%

Small cap
15.8%

Mid cap
9.2%

Sector Allocation

Oct'24

Sep'24

Aug'24

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
Oct'24
Sep'24
Aug'24
Fund Returns
-4.71%
-1.46%
4.31%
Nifty 500
-6.52%
2.04%
0.97%
  • 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
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.8K Cr
₹ 1.9K Cr
₹ 1.9K Cr
  • 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%
Zomato Ltd's allocation increased from 4.02% to 4.88%
Bharti Airtel Ltd's allocation increased from 10.79% to 11.64%
Bharti Airtel Ltd's allocation increased from 10.79% to 11.64%
PB Fintech Ltd's allocation increased from 3.32% to 3.6%
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 %
Infosys Ltd's allocation decreased from 21.39 % to 20.68 %
Tata Consultancy Services Ltd's allocation decreased from 17.14 % to 16.45 %
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 %
TeamLease Services Ltd's allocation decreased from 3.6 % to 3.32 %
Mid Cap allocation has gone up from 9% to 9.2%
Mid Cap allocation has gone up from 9% to 9.2%
Large Cap allocation has gone up from 60.3% to 60.9%
Large Cap allocation has gone up from 60.3% to 60.9%
Small Cap allocation has gone down from 17.8% to 15.8%
Small Cap allocation has gone down from 17.8% to 15.8%
Cash allocation has gone up from 5% to 5.8%
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%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
33
33
33
Top 5 Company Concentration
57.4%
57%
58.1%
Company having highest exposure
Infosys Ltd (20.7%)
Infosys Ltd (21.4%)
Infosys Ltd (22.3%)
No of Sectors
7
7
7
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Tech (67.9%)
Tech (68.5%)
Tech (70.1%)
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R. Janakiraman
R. Janakiraman
Fund Manager of Franklin India Technology Fund Direct Growth, since 1 December 2023
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
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

Insights icon
In the last 1 year, HDFC Technology Fund Direct Growth has given 44.01% return, outperforming this fund by 4.12%.
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In the last 3 years, this fund has outperformed all funds in its category.
Insights icon
In the last 5 years, Tata Digital India Fund Direct Growth has given 32.04% return, outperforming this fund by 3.44% per annum.
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Over the last 6 months, this fund has experienced a 27.7% growth in AUM moving from 1.44K Cr to 1.84K Cr.
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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 1.25%.

Franklin India Technology 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 21% since inception which is less than its category average return of 25.99%
Fund Allocations

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

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%

Expense Ratio 1.03%

This fund has an expense ratio of 1.03% which is less than its category average expense ratio of 1.15%

Frequently Asked Questions for Franklin India Technology Fund Direct Growth

The current NAV of Franklin India Technology Fund Direct Growth is ₹598.74 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
Franklin India Technology Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.5%
2.5%
6 Month Returns
20.39%
20.39%
1 Year Returns
39.89%
39.89%
3 Years Returns
58.99%
16.71%
5 Years Returns
251.68%
28.6%
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1.03% as on November 2024
₹1845 Cr as on November 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 November 2024
Tech(63.88%), Communication(16.26%), Consumer Cyclical(5.64%) as on November 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
7.2
6.54
6.23
As on November 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
0.76
0.84
0.88
As on November 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
1.62
0.63
1.13
As on November 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
15.79
17.98
19.51
As on November 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 1.03 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.73 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
R. Janakiraman is the fund manager of Franklin India Technology Fund Direct Growth
The Exit load of Franklin India Technology Fund Direct Growth is 1%