Franklin India launches NFO: New players can get wide exposure via multicap MFs
investors looking for a single product that has a mix of large, mid and small-cap stocks can consider an allocation to the new fund offer (NFO) of Franklin India Multicap Fund. Investors who already own mid- and small-cap schemes in their portfolio can skip the offer.
The NFO is open till July 22. The minimum investment amount is ₹5,000 and in multiples of ₹1,000. The scheme will be benchmarked to Nifty 500 Multicap 50:25:25 index. It will have an exit load of 1% for redemptions for investors who redeem in less than a year. The fund will be managed by R Janakiraman, Akhil Kalluri and Kiran Sebastian.
The scheme will invest a minimum of 25% each in large, mid and small-cap stocks with the balance 25% blended optimally in line with an internal framework. The fund manager will apply its bottom-up QGSV stock picking framework emphasising quality, growth, sustainability and valuations to find the right ideas within these themes and sectors.
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The scheme will also look at capturing opportunities in themes in the portfolio such as energy transition, financialisation of savings and formalisation of the economy which could help it generate alpha over its benchmark. The large-cap stocks in the portfolios provide stability while the mid-cap and small-cap stocks provide growth.
«The fund house has a strong investment team, with a strong focus on research and the performance has been consistent,» said S Shankar, certified
