Franklin Templeton launches Franklin India Multi Cap Fund

• Fund will aim to offer the growth of mid and small caps and the relative stability of large caps
• Bottom-up QGSV stock picking framework, emphasizing Quality, Growth, Sustainability&Valuation to find the right ideas

July 4, 2024: Franklin Templeton (India)today announced the launch of its open-ended multi cap diversified equity fund called Franklin India Multi Cap Fund (FIMCF).This fund willaim to generate long-term capital appreciation by investing in a portfolio of equity and equity related securities of large cap, midcap and small cap companies. FIMCF will maintain a minimum exposure of 25% of its total assets in each market cap category namely, Large cap,Mid cap and Small cap, in line with the regulatory requirements. The remaining 25% will be blended in the most optimalway based on an internalframework.The New Fund Offer opens on July 8, 2024, and will close on July 22, 2024, during which units will be available at Rs.10/- per unit.

Commenting on the fund launch and its investment strategy, Janakiraman R, Chief Investment Officer – Emerging Markets Equity-India, Franklin Templeton, said, “India’s economy is poised for strong growth over the medium term, thanks to robust macro fundamentals, improving inflation trends, prudent fiscal policies and political stability. Post Covid, the bright growth outlook has led to strong performance in the equity markets. FIMCF is designed to capture growth in various market sectors, particularly the small and midcap space, areas which are often under-represented in traditional equity funds. Investors with a long-term horizon may find it beneficial to participate in our Multi Cap fund with dedicated buckets to each market cap and timely re-balancing to ensure broad diversification.”

Speaking on the launch of the fund, Avinash Satwalekar, President, Franklin Templeton–India,said, “We are excited to introduce our new multi cap strategy that leverages our equity team’s extensive experience in managing equities in India for over 30 years. Given India’s strong secular growth potential, we see a multitude of opportunities emerging across sectors and market cap ranges. FIMCF positions itself to exploit these emerging opportunities through a flexible yet disciplined investment approach making it an ideal choice for investors looking for robust diversification.”

TheFranklin India Multi Cap Fund aims to create a product that offers the best of both worlds, blending a high growth small and midcap universe, with a relatively stable large cap universe. The portfolio will maintain a minimum allocation of 25% each in large, mid and small cap at any point of time and the remaining 25%, will be allocated in an optimal way using an internalframework. The fund may look to capture potentially opportunistic themes in the portfolio like energy transition, financialization of savings, formalization of economy, disruption by digital companies, manufacturing revival etc. The fund will apply its bottom-up QGSV stock picking framework, emphasizing Quality, Growth, Sustainability, Valuation to find the right ideas within these themes and sectors.

For more details on Franklin India Multi Cap Fund – click here

NFO Features

For further details refer Scheme Information Document available on www.franklintempletonindia.com.

About Franklin Templeton

Franklin Templeton (India) is one of the largest foreign fund houses** in the country. It manages mutual funds schemes catering to varied investor requirements and offering different investment styles to choose from. It has offices in 39 cities and Collection Centers in over 100 locations across the country.

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.6 trillion in assets under management as of May 31, 2024. For more information, please visit www.franklintempletonindia.com.

** Source: AMFI Website (based on AAUM as on June 30, 2024)

Product Label:

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

The above product labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made. The same shall be updated in accordance with the provisions of Para 17.2 of SEBI Master Circular dated May 19, 2023 on Product labelling in mutual fund schemes on an ongoing basis.

The sector/stocks/securities mentioned in the material may not be considered as investment advice or recommendation to buy or sell nor a view or opinion on quality or profitability providing a basis of investment decision in the same. The schemes managed by Franklin Templeton Asset Management (India) Pvt. Ltd (the AMC) may or may not have any future exposure in the same. The reader should not assume that investment in the sector/stocks/securities mentioned was or will be profitable. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. Past performance does not guarantee future results.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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