FRANKLIN INDIA INDEX FUND

c
  • 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 invest in companies whose securities are included in the S&P CNX Nifty.
..

  Highlights

  • Options of Systematic Investment Plan, Systematic Withdrawal Plan and Systematic Transfer Plan
  • Switching facility from this scheme to other Templeton Schemes
  • Income from Units is fully exempt from Tax at the hands of the investors
  • All subscriptions in the scheme will be subject to a lock in period of 30 business days
  Strategy of investment
.
The fund proposes to invest its corpus in the stocks comprising NIFTY. The fund proposes to hold stocks in the same proportion of the composition of stocks in the S&P CNX Nifty. The attempt of the fund will be to replicate the returns of the index at the same time reducing the tracking error to minimum levels.
.
 

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

.
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

.

  Risk Perception

 

Frankilin India Index Fund is first of its kind launched by  Templeton. Although index funds are not new to the Indian markets, they are yet to prove themselves as a viable investment alternative. The market for Index funds is yet to pick up in India.  The concept being new takes some time to understand and results would be known only after some time.  All the schemes launched by Templeton have been giving slow but steady returns to the investors. But two issues remain. First, is the issue of tracking error as a result of which the returns of the fund may not replicate that of the index. Second is the issue of the movement of the index. With the sensex volatile and susceptible to wild fluctuations an index fund can be fraught with risk. This fund is advisable only for sophisticated investors who have access to risk hedging mechanisms through index futures.

Download Application Form

Get Application form by Post

..

Top / Back

MFD Home / Karvy Home