Franklin India Feeder Franklin U S Opportunities Fund (Growth)

Franklin India Feeder Franklin US Opportunities Fund (Growth) is an open-ended fund of funds international mutual fund scheme. It primarily invests in US-based leading growth companies across different market capitalization and sectors or industries. The fund provides its Indian investors an opportunity to invest in US companies through an investment in the fund. The fund was previously known as FT India Feeder-Franklin US Opp Gr. 

Franklin Templeton Asset Management (India) Pvt. Ltd manages the fund. The fund is being managed by Mayank Bukrediwala. The recommended investment tenure is a minimum of 5 years. The fund is suitable for an investor who is seeking retirement corpus, overseas diversification of funds, exposure to the US market, and long-term wealth creation.

Investment Objective of Franklin India Feeder Franklin US Opportunities Fund-Growth

The fund’s investment objective is to provide capital appreciation by investing predominantly in units of Franklin U. S. Opportunities Fund, an overseas Franklin Templeton Mutual Fund, which primarily invests in securities in the United States of America. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Franklin India Feeder Franklin US Opportunities Fund (Growth) is a fund of funds that invests in an overseas equity fund. 

Being a fund of funds, the investors invest in this fund in rupees and the fund invests its corpus in US companies. The fund is an alternative to investment in US companies. It achieves its objective by maintaining a  concentrated portfolio of equity and equity-related instruments and securities. The fund invests a minimum of 95% of its corpus in underlying funds. 

Scheme Details of Franklin India Feeder Franklin US Opportunities Fund (Growth)

On 6th February 2012, Feeder Franklin Mutual Funds had launched Franklin India Feeder Franklin US Opportunities Fund (Growth). The fund has been in existence for the past 10 years. 

NAV and Returns – The NAV of the fund as of 3rd April 2022 is Rs  52.03. The risk-o-meter of the fund is very high risk. Hence, an investor must understand that their principal amount of investment will be at very high risk. Owing to the nature and asset class of the fund, an investor may expect volatility in their investments over the short term. Franklin India Feeder Franklin US Opportunities Fund-Growth is a 10-year-old fund. The scheme has delivered a return of 17.70% since its inception.

Minimum Investment – The minimum amount for a lump sum investment is Rs 5,000

Expense Ratio and Exit Load – The fund charges an expense ratio of 1.54% on the units of the mutual funds. The fund charges an exit load of 1% for units if the investment is redeemed or switched within 1 year from the date of allotment of units of the fund. 

Fund Manager – The fund is managed by Mayank Bukrediwala and Sandeep Manam. Mr. Mayank Bukrediwala possesses experience of 9 years in Research and Fund Management. He is also responsible for providing equity research support. He has a PGDBM and Bachelor of Technology degree. Mr. Sandeep Manam is a PGDM (IIM-Ahmedabad), B.Tech (Electronics & Communication Engg.)- National Institute of Technology Calicut.

Other Details – There is no lock-in period for the scheme. So, an investor can redeem an investment anytime without any redemption limit. As of 3rd April 2022, the AUM of Franklin India Feeder Franklin US Opportunities Fund-Growth is Rs 3610.354 cr. The fund benchmarks to Russell 3000 Growth PR USD. This fund is meant for investors with a minimum investment horizon of 5 years. 

Growth Review

Scripbox recommends Franklin India Feeder Franklin US Opportunities Fund-Growth for investment within the US Equity mutual fund category. US equity mutual funds provide exposure to international markets. Additionally, it provides long-term appreciation over the investment horizon. US equity mutual funds are suitable for a diversified investment in US markets coupled with wealth creation. Moreover, the fund is suitable for an investment duration of 5 years or longer to fulfill these investment goals.

Franklin India Feeder- Franklin US Opportunities Fund is a fund of funds (FoF) and invests in the underlying scheme – Franklin US Opportunities. The Fund enjoys the highest AUM in the category. On a rolling return basis, the fund has done well. Rolling return tells us more about a scheme’s consistency as it analyses multiple point-to-point returns taken over a period.

We have looked at average one year rolling return and three-year rolling return, taken on a daily basis for a four-year period. The Fund gave 25% average one year rolling return and 24% average 3 year rolling return. This is much better than schemes with the same mandate. The fund got the highest quarterly outperformance count among all funds in the category. Hence, we recommend this fund.

The funds information ratio was quite good compared to its peers. The information ratio is used to evaluate the skill of a portfolio manager at generating returns more than a given benchmark.

Investing in this fund ensures not only geographical diversification but also offers opportunities to invest in sectors that are not available in India.

1. The fund has a sufficient history of 10 years for analysis. The track record for these 10 years is good.
2. With an AUM or relative size of Rs 3,610.354 cr, the fund size is large in comparison to other funds in the category of US equity mutual funds.
3. The scheme has performed well consistently over a period of time. Moreover, it provides benchmark beating returns that are similar to funds in the same category of mutual funds.

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Frequently Asked Questions

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