Franklin India Equity Advantage Fund performance review analysis for January
Franklin India Equity Advantage Fund performance review analysis for January: This detailed review of Franklin India Equity Advantage Fund evaluates its recent performance, comparing it to the Nifty index, and analyzes key metrics such as Sharpe Ratio and sectoral allocation. The fund's strategy, top holdings, and recent portfolio moves are explored to provide insights for existing and potential investors.
Franklin India Equity Advantage Fund Direct Growth performance review analysis for January: Franklin India Equity Advantage Fund Direct Growth, managed by the seasoned fund managers Venkatesh Sanjeevi,R. Janakiraman,Sandeep Manam, remains a prominent player in the Large & Mid-Cap. Franklin India Equity Advantage Fund boasts an impressive AUM of ₹3491.35 crore. Under the guidance of Venkatesh Sanjeevi,R. Janakiraman,Sandeep Manam, the fund adheres to its objective of to provide medium to long-term capital appreciation by investing primarily in Large and Mid-cap Stocks. This detailed review of Franklin India Equity Advantage Fund evaluates its recent performance, comparing it to the NIFTY 50 index, and analyzes key metrics such as sharpe ratio and sectoral allocation. The fund's strategy, top holdings, and recent portfolio moves are explored to provide insights for existing and potential investors.
Performance Analysis:
Over the past week, Franklin India Equity Advantage Fund returned -4.08%, showing a negative delta of -3.07% with respect to NIFTY 50. The one-month performance shows a negative trend, with the fund delivering -7.22% against the NIFTY 50’s -5.59%.
The performance over the longer durations is mentioned below:
| Period | Mutual Fund Returns | NIFTY 50 Performance | Performance Difference |
|---|---|---|---|
| 6 Months | -2.87% | -5.38% | 2.51% |
| 1 Year | 14.63% | 5.70% | 8.93% |
| 3 Years | 38.09% | 27.21% | 10.88% |
| 5 Years | 123.01% | 88.49% | 34.52% |
Top Holdings of the Fund
Below is the list of top holdings in the fund:
| Holding Name | Percentage of Portfolio |
|---|---|
| Mahindra & Mahindra | 4.28% |
| ICICI Bank | 3.89% |
| Axis Bank | 3.83% |
| HDFC Bank | 3.01% |
| SBI Cards & Payment Services | 2.91% |
Sector Allocation of the Fund
| Sector Name | Weightage (%) |
|---|---|
| Regional Banks | 15.62% |
| Software & Programming | 7.86% |
| Auto & Truck Parts | 6.33% |
| Construction Services | 5.5% |
| Consumer Financial Services | 4.82% |
| Constr. & Agric. Machinery | 4.28% |
| Personal & Household Prods. | 3.77% |
| Healthcare Facilities | 3.53% |
| Food Processing | 3.24% |
| Construction - Raw Materials | 2.89% |
| Electric Utilities | 2.82% |
| Misc. Fabricated Products | 2.69% |
| Oil & Gas Operations | 2.66% |
| Biotechnology & Drugs | 2.11% |
| Auto & Truck Manufacturers | 2.01% |
| Computer Services | 1.96% |
| Insurance (Life) | 1.85% |
| Investment Services | 1.74% |
| Business Services | 1.58% |
| Recreational Products | 1.58% |
| Insurance (Accident & Health) | 1.5% |
| Chemical Manufacturing | 1.26% |
Risk Measurement
Understanding the risk associated with the fund is crucial for investors. The Sharpe Ratio, which measures risk-adjusted returns, is a key indicator of how well the fund compensates investors for the risk taken. Over the past year, the fund's Sharpe Ratio stands at 0.88, while the three-year and five-year ratios are 0.62 and 0.68, respectively. Sharpe ratio values above 1 are considered good, whereas values below 1 are considered bad.
In terms of volatility, the standard deviation over the same periods— 13.86% for one year, 13.49% for three years, and 21.38% for five years. Higher standard deviations indicate greater volatility, while lower ones suggest more stable returns.
Recent Portfolio Activity
In the last month, the fund acquired new positions in the following stocks:
| Stock Name | Holding (%) | No of shares | Holding Value (in Cr) |
|---|---|---|---|
| SBI Life Insurance Company | 1.85% | 463794 | 64.49 |
The fund has increased its position in the following stocks:
| Stock Name | No of shares (Before purchase) | No of shares (After purchase) | Holding Value (in Cr) |
|---|---|---|---|
| Godrej Properties | 399483.0 | 320421.0 | 89.29 |
| Godrej Consumer Products | 933918.0 | 738635.0 | 79.93 |
| Ashok Leyland | 3621583.0 | 3184437.0 | 70.22 |
| Tube Investments Of India | 168347.0 | 154029.0 | 55.09 |
| Colgate Palmolive India | 263844.0 | 192414.0 | 51.58 |
| SKF India | 99576.0 | 97823.0 | 43.81 |
The fund has reduced its holding in the following stocks:
| Stock Name | No of shares (Before reduction) | No of shares (After reduction) | Holding Value (in Cr) |
|---|---|---|---|
| Endurance Technologies | 434505.0 | 432990.0 | 93.10 |
| Max Healthcare Institute | 690990.0 | 607930.0 | 68.59 |
| Zomato | 3849252.0 | 2464453.0 | 68.53 |
| Delhivery | 2070795.0 | 1593465.0 | 55.16 |
| Apollo Hospitals Enterprise | 89998.0 | 75005.0 | 54.73 |
| Max Financial Services | 701831.0 | 469225.0 | 52.27 |
| Brigade Enterprises | 565298.0 | 417165.0 | 51.86 |
| Larsen & Toubro | 192672.0 | 140781.0 | 50.79 |
Disclaimer: This is an AI-generated live story and has not been edited by LiveMint staff.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
- Top Gainers
- Top Losers
- 52 Week High