Franklin India Flexi Cap mutual fund review: Should deliver healthy returns

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

BASIC FACTS
DATE OF LAUNCH
29 SEPTEMBER 1994
CATEGORY

EQUITY
TYPE
FLEXI CAP
AUM*
Rs.10,370 Crore
BENCHMARK
NIFTY 500 TOTAL
RETURN INDEX

WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.1,018.27
IDCW
Rs.46.97
MINIMUM INVESTMENT
Rs.5,000
MINIMUM SIP AMOUNT
Rs.500
EXPENSE RATIO*** (%)
1.77
EXIT LOAD
1% for redemption
within 365 days

*AS ON 30 APRIL 2023
**AS ON 23 MAY 2023
***AS ON 30 APRIL 2023

FUND MANAGERS
R. JANAKIRAMAN /ANAND RADHAKRISHNAN
12 YEARS / 16 YEARS

Recent portfolio changes
New Entrants
Devyani International, Hindustan Aeronautics (Mar), Crompton Greaves Consumer Electricals (Apr).
Complete Exits
Dr. Reddy’s Laboratories, Ultratech Cement (Mar), Delhivery, Maruti Suzuki India, One 97 Communications (Apr).
Increasing allocation
ACC, City Union Bank, ICICI Prudential Life Insurance Company, United Breweries, Westlife Foodworld, Whirlpool Of India, Zomato (Apr).

Should you buy?
Earlier known as Franklin India Equity, this fund was shifted to the flexi cap category, allowing it to retain its go-anywhere approach to different market cap segments. It maintains its earlier large cap tilt. The fund managers run a quality and growth centric approach with a value overlay. The portfolio is well diversified yet retains large positions in its top bets. The fund endured a blip in performance between 2017-2020 but came back strong in 2021 and 2022. The shift in market’s preference towards value has helped the fund recover smartly. With highly experienced fund managers at the helm, the fund should deliver healthy outcomes over the long term.

(Source: Value Research)