An Open Ended Equity Fund
Fund Manager: Dr. J. Mark Mobius, Chetan Sehgal, Vikas Chiranwal
The Scheme seeks to provide a combination of regular income and long-term capital appreciation by investing in stocks that have a current or potentially attractive dividend yield.
Portfolio Analysis
The Scheme has highest sectoral exposure of 13% in Fertilizers followed by 11.5% in Finance and 10% in Oil. Notably within the Fertilizer sector, the scheme has the entire exposure only to Tata Chemicals which has been increased over a period of last one year.
The fund added stocks like Usha Martin to the portfolio and reduced exposure to stocks such as Tata Investment Corporation, Sesa Goa, TCS and Bharti Airtel.
Besides this, the fund holds a diversified basket of mid and small cap stocks while the top ten holdings are focused on the large cap stocks.
While in the last year, the scheme has outperformed, its longer term performance too has been satisfactory.
Some of the equity diversified schemes which have BSE 200 as the Benchmark.
| Scheme Name | 1 mth % | 3 mths % | 6 mths % | 1 yr % | 3 yrs % | NAV | | Templeton India Equity Income Fund | -4.2 | 1.57 | 14.94 | 113.8 | 11.47 | 17.07 | | HDFC Top 200 | -2.11 | -3.2 | 11.75 | 103.48 | 16 | 171.79 | | HDFC Capital Builder Fund | -2.61 | 0.81 | 18.79 | 102.93 | 12.63 | 89.91 | | Reliance Long Term Equity Fund | -4.78 | 3.26 | 18.6 | 92.89 | 8.82 | 13.16 | | Franklin India Opportunity Fund | -5.4 | -5.2 | 7.99 | 75.86 | 2.23 | 27.34 | | S&P Nifty | -3.57 | -3.88 | 7.23 | 76.92 | 6.32 | -- | | BSE Sensex | -3.69 | -4.61 | 6.54 | 83 | 5.01 | -- | | BSE200 | -4.01 | -3.09 | 9.77 | 95.41 | 7.2 | -- |
As on 22nd Feb, 2010.
Risk Profile : NA
Caveat : The fund has exposure to unlisted as well as foreign companies for which it is difficult to comprehend the visibility in terms of their performance and prospects.
Outlook : While there are no exact comparables for this scheme in terms of its objective, there have been better performing schemes which track the same benchmark as Franklin India Equity Income Fund. However, the scheme has outperformed its benchmarks as well as most of its peers in the longer run. Long Term investors with a high risk appetite may consider investing at declines. |
