Franklin Templeton Mutual Fund increases maximum SIP to Rs 2 lakh in small cap fund

Franklin Templeton Mutual Fund has increased the maximum application amount for SIP and STP in Franklin India Smaller Companies Fund.

The changes are effective from July 15. The fund house informed to the unitholders through a notice-cum-addendum.

The maximum application amount through systematic investment plan (SIP) and/or systematic transfer plan (STP) shall be increased from Rs 50,000 per PAN level per month (first holder/ Guardian) to Rs 2 lakh per PAN level per month (first holder/ Guardian).


The aforesaid restriction will not affect SIP or STP or such other special products registered before the effective date and the unitholders under the IDCW Reinvestment Option. As per the provisions of the Scheme Information Document (SID), the Trustees hold the right to discontinue subscriptions under the scheme for a specified time or till further notice.

All the other terms and conditions of the scheme information document/ key information memorandum of the scheme, read with the addenda issued from time to time, will remain unchanged.

This addendum forms an integral part of the scheme information document/ key information memorandum issued for the scheme, read with the addenda issued from time to time.

The smallcap fund is benchmarked against Nifty Smallcap 250 - TRI. The fund is managed by R. Janakiraman, Akhil Kalluri, and Sandeep Manam. The fund has completed around 18 years of existence in the market.

The portfolio of the fund is diversified across 88 stocks. The assets under management of the smallcap fund are Rs 14,023 crore as of June 2024. The fund has the highest allocation in the bank and capital goods sector.