FRANKLIN INDIA BALANCED FUND
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  • Initial offer opens: 26th June 2000
  • Nature of Scheme: Open Ended
  • AMC: Templeton   Asset Management (India) Pvt. Ltd.
  • Name of the Trustee: Templeton Trust Services (P) Ltd
  • Closing Date: 13th July 2000
  • Sponsor: Templeton International Inc
  • Minimum subscription: 200 units at Rs.10/- per unit at par amounting to Rs.2000/-
  • Load: Entry load of 1%

Objective of the present fund: To generate long term capital appreciation and current income by investing in equity and equity related securities and money market securties.

  Highlights

  • Section 155 R of Income Tax Act, exempts the Fund from paying tax on dividends distributed  for a period of three years commencing from the Assessment Year 2000-2001
  • Units are not subject to Wealth Tax and Gift Tax
  • Scheme offers Dividend plan for regular flow of income and Growth Plan for capital appreciation.
  • Switching facility from one plan to another plan and to other schemes of Templeton.
  Strategy of investment
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The fund proposes to invest 60% of the corpus in equities and the balance in debt and money market instruments. This proportion of investment may vary depending on the market conditions.
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Schemes Launched by Templeton India Mutual Fund
  • Templeton India Growth Fund
  • Templeton India Income Fund
  • Templeton India Liquid Fund
  • Templeton India Government Securities Fund
  • Templeton India Monthly Income Plan
  • Franklin India Growth Fund
..

   Performance Overview of  some of the schemes of Templeton India  Mutual Fund
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SCHEME

TYPE

NAV on 31.03.2k

NAV on 28.04.2k

NAV on 31.05.2k

Templeton India Growth Fund     

OPEN

15.45

14.45

12.59

Templeton India Income Fund   

OPEN

15.03

15.28

15.32

Templeton India Monthly Income Plan

OPEN

10.10

10.18

10.24

Franklin India
Growth Fund 

OPEN

9.25

7.97

7.37

 Performance overview of Competing Schemes

SCHEME

TYPE

NAV on 31.03.2k

NAV on 28.04.2k

NAV on 31.05.2k

Birla Balanced Fund

OPEN

15.27

12.42

11.47

DSPML Balanced   

OPEN

12.81

11.20

10.96

JM Balanced Fund  

OPEN

19.55

17.31

16.10

PNB Balanced Fund

OPEN

14.18

13.97

13.37
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  Risk Perception

Above tables reflect average  performance of Templeton schemes. The investment strategy   of this fund seem to be putting eggs in different baskets.  This may be one of the reasons for not launching any tech schemes or sector oriented schemes by this fund. This strategy may not yield high returns in the short term but gives steady returns in long term..Tech funds and sector oriented funds are considered high risk in mutual fund industry. As our stock markets are known for high volatility the Balanced Funds may be considered for long term growth. This fund may be good investment for the investors averse to high risk.
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