Chandigarh, July 4, 2024: Franklin Templeton (India) today announced the launch of its open-ended multi cap diversified equity fund called Franklin India Multi Cap Fund (FIMCF). This fund will aim to generate long-term capital appreciation by investing in a portfolio of equity and equity related securities of large cap,
midcap and small cap companies. FIMCF will maintain a minimum exposure of 25% of its total assets in each market cap category namely, Large cap, Mid cap and Small cap, in line with the regulatory requirements. The remaining 25% will be blended in the most optimal way based on an internal framework. The New Fund Offer opens on July 8, 2024, and will close on July 22, 2024, during which units will be available at Rs.10/- per unit.
Speaking on the launch of the fund, Avinash Satwalekar, President, Franklin Templeton–India, said, “We are excited to introduce our new multi cap strategy that leverages our equity team’s extensive experience in managing equities in India for over 30 years. Given India’s strong secular growth potential, we see a multitude of opportunities emerging across sectors and market cap ranges. FIMCF positions itself to exploit these emerging opportunities through a flexible yet disciplined investment approach making it an ideal choice for investors looking for robust diversification.”
The Franklin India Multi Cap Fund aims to create a product that offers the best of both worlds, blending a high growth small and midcap universe, with a relatively stable large cap universe. The portfolio will maintain a minimum allocation of 25% each in large, mid and small cap at any point of time and the remaining 25%, will be allocated in an optimal way using an internal framework. The fund may look to capture potentially opportunistic themes in the portfolio like energy transition, financialization of savings, formalization of economy, disruption by digital companies, manufacturing revival etc. The fund will apply its bottom-up QGSV stock picking framework, emphasizing Quality, Growth, Sustainability, Valuation to find the right ideas within these themes and sectors.
For more details on Franklin India Multi Cap Fund – click here
NFO Features
Fund Description
Multicap (Diversified Equity) Fund
Type Of Scheme
An open-ended scheme investing across large cap, mid
cap and small cap stocks.
Investment Objective:
The investment objective of the scheme is to generate long-term capital appreciation by investing in a portfolio of equity and equity related securities of large cap, midcap and small cap companies. There is no assurance that the investment objective of the Scheme will be achieved.
NFO Dates
July 8, 2024 and close on July 22, 2024
Scheme Re-opens
For continuous Sale
And Repurchase On
July 31, 2024
Managed By
R. Janakiraman, Kiran Sebastian, Akhil Kalluri, Sandeep
Manam (Dedicated fund manager for foreign securities)
Investment Style
Blend of ‘Growth’ and ‘Value’
Minimum Amount
Subscription: Fresh Purchase - Rs.5,000/-. Additional
Purchase - Rs.1,000/-. Redemption: Rs.1,000/-. The amount for subscription and redemption in excess of the minimum amount specified above is any amount in multiple of Re. 1/-.
Benchmark
Nifty 500 Multicap 50:25:25 Index
Exit Load
1.00% - if redeemed on or before 1 year from the date of allotment
Nil - if redeemed after 1 year from the date of allotment
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