A large number of big-sized companies clocked double-digit revenue growth in the December 2017 quarter. This could be a good starting point for savvy investors to enhance their exposure to large companies through a schemes that not only focus on large-sized companies, but also believe in value investing. Franklin India High Growth Companies is one such scheme which is value conscious and selects companies that are likely to deliver earnings growth higher than the market.
Fund managers Anand Radhakrishnan, Roshi Jain and Srikesh Nair follow key valuation parameters, such as enterprise value, price-toearnings growth ratio, forward price-to-sales ratio and discounted earnings per share in selecting companies for investments. Taking into account these valuation parameters, the fund managers invest in companies which are poised for high growth in their sectors. The scheme has more than 60% of its portfolio dedicated to large-sized companies, and 30% to mid- and small-sized companies.
In the past three-year and five-year periods, the scheme has given returns of 9.4% and 22.4%, respectively, while its benchmark index, Nifty500, has given 8.7 and 14.7% during the same periods. In the past six months, the scheme’s fund managers have bought in value themes represented by Infosys, Mahindra & Mahindra and GAIL.
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