Whenever an investor seeks investment in a mutual fund plan, he/she asks for a researched data about the schemes so that he/she could attain the required knowledge about the product prior to investing. There are various platforms which provide fact sheets and other details regarding the schemes so that one can build a better knowledge of the same. Here we will come to know what are the prime features of Franklin India High Growth Companies Fund so that we can understand why investing in this plan is worthy for gaining wealth.
Franklin High Growth Companies Fund is an open-ended scheme which is ranked “Third” in the Diversified category by CRISIL for the quarter which ended in December 2016. It has been advised to the investors that if they are current investors of this particular plan they must keep a regular watch on its performance so that they do not lose their capital worth.
NAV of Franklin India High Growth Companies Fund amounted to Rs.33.530 as on March 09, 2017. The absolute returns of the scheme for the past five years, i.e., for the year 2012, 2013, 2014, 2015, and 2016 are 42.5%, 8.5%, 78.6%, 1.3%, and 4.3%, respectively. Moreover, the performance of this plan can be further analysed with investments made for three and five years. It is offering annualised returns of 26.8% and 22.8%. With this, we can conclude that the scheme is outperforming in the industry and can provide us with the best returns so far.
If we talk about the investment details of Franklin India High Growth, we can analyse that it has the primary objective of acquiring a capital appreciation for the investors through investments in Indian companies or sectors which have high-growth rates and great potential. The scheme is open-ended in nature and tends to provide with the extreme benefits of flexibility to start and redeem investments anytime. Moreover, the minimum investment amount for the scheme is Rs.5,000 in the case of lump sum while for SIP, the amount is Rs.500 only. The returns of the scheme since its launch are 13.39%. The AUM of the scheme as on January 31, 2017, is Rs.5,385 crore. This further provides that the scheme’s market holding is remarkable.
Going further towards the portfolio concentration of Franklin High Growth Plan, we can evaluate that it has investments in the most promising sectors and ventures. The top-three sectors in which almost 60% of the total asset of the scheme has been parked include banking or finance, automotive, and telecom. The major holdings of the scheme include SBI Bank, ICICI Bank, HDFC Bank, Bharti Airtel, and Axis Bank. Accordingly, it assures yielding of consistent returns which can help in creating wealth in the future.
The fund is an outperformer against both its category and benchmark and holds a better possession in the market when compared with its peers. If you wish to make an investment for capital growth in a longer tenure, then this fund is one of the right funds for you.
You can avail the online investing services of MySIPonline to buy a lump sum of SIP in this plan. It will help you in accomplishing your financial goals by enhancing your wealth. Don’t wait anymore, go and grab the best opportunity by investing in Franklin High Growth Companies Fund.
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