Rising uncertainty about improvement in demand across key sectors has made it difficult to find interesting ideas for investments. Given this, it makes sense to be with schemes which invest in multi-cap schemes which have high focus on large-sized companies. One such scheme is Franklin India Flexicap. One of the key factors which distinguishes the scheme from its peers is consistency in its performance. The scheme's fund managers, R Janakiraman, Srikesh Nair and Lakshmikanth Reddy, have maintained its performance by being conscious about valuations. Besides, they adhere to the fund house's philosophy of choosing companies with strong business models, competitive advantages in their respective sectors, and quality management.
The managers are also open to selecting companies which may seem out of favour but perform well in the long-term. But the criterion of valuation is not sacrificed or compromised for short-term performance. In the past six months, they have bought quality companies, such as Petronet LNG, IOCL and BPCL, while retaining their exposure to other well-placed large-sized companies.
The scheme has consistently beaten its benchmark Nifty 500 and performed reasonably good against its peers. In the past three- and five-year periods, the scheme has given 13.1 per cent and 19.2 per cent, respectively, while its benchmark has given 10 per cent and 15.2 per cent, respectively, during the same period.
