Franklin Templeton Quarterly Report - Equity Report - August 2012
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Transcript of Franklin Templeton Quarterly Report - Equity Report - August 2012
Equity Markets - A Perspective
2
Agenda
Market Environment – Global and India
FT Funds– Franklin India Bluechip Fund– Franklin India Prima Plus– Franklin India Flexi Cap Fund
Summary
Market Environment
4
Global markets: Sentiment improves
Hopes of stimulus measures and receding worries around Eurozone crisis helped global equities reboundGains in EM economies curbed by concerns about growth slowdownIndia has managed to outperform peers and developed markets (local currency basis)
Source: Bloomberg, Stock Exchanges. As of July 30, 2012
‐9.41
5.53
12.78
‐17.34
‐9.58
‐20.41 ‐19.16
‐24.64‐21.68
3.205.51 6.48
9.68
2.844.71 3.94
6.79
11.53
‐4.36
8.38
‐30
‐25
‐20
‐15
‐10
‐5
0
5
10
15
MSCI ACWorld
Dow Jones S&P 500 Nikkei FTSEEurotop100
MSCI EM MSCI ACAxJ
BSESensex
SSEComposite
JakartaComposite
2011 2012YTD
5
Global issues : De-leveraging & Europe
Banks and consumers are reducing leverage and governments are looking to adopt austerity measures – impacting growthEurope :
Economic data remains weak Policy newsflow has turned positive
Source: Thomson Reuters, Credit Suisse Research Source: IIF
107998064
17783
-12179
17639
29321
-512
10519
-15000
-10000
-5000
0
5000
10000
15000
20000
25000
30000
35000
2005 2006 2007 2008 2009 2010 2011 YTD 2012
6
India Markets: 2011/12
In recent months, global developments along with concerns about domestic policies have weighed on the markets. Indices are broadly trading above 2011 end levels with mid/small cap stocks outperformingAmongst sectors, tech/telecom stocks have underperformedFII flows have picked up since mid/late June and, are quite strong for 2012 - +$10.5 bln
% returns 2012YTD* 2011
BSE Sensex 11.53 -24.64
S&P CNX Nifty 13.08 -24.62
S&P CNX 500 14.70 -27.19
CNX Midcap 17.29 -31.00
BSE Smallcap 16.18 -42.61
Source: SEBI, As of July 31, 2012
Source: BSE & NSE. *As of July 31, 2012
Trend in FII flows into equities ($ mln)
7
India Economy: Growth slowdown
Despite slowdown, growth rate still remains ahead of many peersWeakness largely due to slowdown in investment (combination of policy issues, interest rates and slowing growth)Persistently high inflation levels is weighing on household savings
Key drivers - GDP growth
Real GDP at market prices. Source: CLSA Asia-Pacific Markets, CEIC. As of July 2012
% GDP growth 2012 2013
World 3.5 3.9
Advanced Economies
1.4 1.9
- US 2.0 2.3
- Euro-area -0.3 0.7
- Japan 2.4 1.5
Developing Economies
5.6 5.9
- Brazil 2.5 4.6
- India 6.1 6.5
- China 8.0 8.5
IMF Growth Projections – July 2012 Outlook
8
Concerns: Inflation
Inflation:Headline numbers moving up due to food prices – further rainfall deficit can add further pressureWeakness in rupee has added imported inflation pressures – global energy prices have been under pressureCore inflation is trending lower
Source: CEIC, Ministry of Commerce & Industry – Office of the economic advisor, CLSA Asia-Pacific Markets
Inflation Trends (WPI Headline/WPI Core/CPI)
9
Concerns: Twin deficits
Rs. bn FY13P FY12 FY11 FY10 FY09 FY08 FY07 FY06
Revenue 9774 7968 8237 6060 5470 5858 4408 3593
Expenditure 14909 13187 11973 10245 8840 7127 5834 5057
Fiscal Gap -5136 -5220 -3736 -4185 -3370 -1270 -1426 -1464
Fiscal Gap (as % of GDP) 5.1% 5.9% 4.9% 6.5% 6.0% 2.5% 3.3% 4.0%
Source: Budget Documents, CIRA
$ bn FY12 FY11 FY10 FY09 FY08 FY07 FY06
Exports 310 250 182 189 166 129 106
Imports 499 381 301 309 258 191 157
Invisibles 112 85 80 92 76 52 42
CA Deficit (% of GDP) -4.2% -2.7% -2.8% -2.3% -1.3% -1.0% -1.2%
CA Deficit excluding gold (as % of GDP)
-1.0% -1.3% -1.6% -1.5% -0.9% -0.4% -0.7%
Current Account Deficit (CA Deficit):Has worsened in recent times mainly due to expansion in gold importsLower crude prices and fall in gold imports could help narrow deficit in FY13
Source: RBI, IIFL. Excluding gold reflects net gold imports
Fiscal DeficitFiscal consolidation interrupted by global financial crisis – stimulus only partially rolled backFor FY13 government has projected lower deficit, but depends on revenues and ability to curb subsidies.
10
India: Key Drivers – Consumption & Infrastructure Spend
Source: UN-World Population Prospects, CLSA Asia-Pacific Markets, Dec 2011
Economy will benefit from positive demographic trendsHigher share of working age populationRise in income levels to boost consumption
Infrastructure spending has slowed in recent times. Will remain a key driver, as addressing infrastructural bottlenecks is critical to sustain economic growth
Trend in infrastructure spending
Source: Morgan Stanley Research, Sep 2011
Population Profile
11
India: Key Drivers – Savings
India’s high savings ratio is a positive, given the large financing needsCan facilitate high investment rates without adding to current account deficit
Need to encourage flows into productive financial assets High share of household savings in physical assets such as gold and real estateStatutory investment requirements in government securities means a significant share of private savings is diverted to fund deficit
Trend in Savings and Investment
Source: CSO, Citigroup. As of Feb 2012
MSCI Index/ Trends in EPS Growth over 15 years
Standard Deviation
Annual EPS
growth
Coefficient of variation
India 14% 8% 1.75
China 42% 1% 30.52
Brazil 40% 10% 4.02
Russia 431% 13% 33.32
EM 28% 7% 3.79
ACWI 31% 6% 4.01
US 31% 6% 5.29
DM 32% 6% 5.25
12
Corporate India: Faring relatively well
Despite challenges, Corporate India continues to deliver healthy earnings growthBalance sheets remain in good shape - some capital intensive sectors/companies exceptionsEnvironment ideal for bottom up stock pickers
India Earnings Growth (%)
Source: FactSet, MSCI, IBES Estimates, Company data, Capitaline, Morgan Stanley Research. May 2012
Source : CMIE, ACE Equity, CLSA Asia-Pacific Markets As of Jan 2012
Gross debt/equity for more than 9,000 listed Indian companies
Corporate India’s Profits: Less volatile than most markets
Source : Capitaline, CEIC, MS Research. As of Jul 2012
13
India Currency: Recent Weakness
Rupee’s sharp decline mainly due to widespread risk aversion in global marketsCurrencies of other nations with current account deficits also exhibited sharp volatilityPolicymakers have taken steps to boost capital flows – revised guidelines on GAAR awaitedWeak rupee could boost export competitiveness
Source: JP Morgan
INR has weakened considerably
14
Market Valuations
Key Valuation Metrics – BSE Sensex (as of Aug 9, 2012)Current Median Current/
MedianCurrent as SD from Average
PE (trailing) 14.8 16.6 0.9 -0.612M Fwd PE 12.5 13.2 0.9 -0.3P/B 2.2 2.4 0.9 -0.4Dividend Yield 2.2% 2.1% 1.1 0.1
P/Cash 10.2 10.1 0.9 -0.2
P/Sales 1.2 1.3 0.7 -0.6
EV/EBIDTA 8.4 10.5 1.0 -1.0
Markets are trading below long-term averages both on absolute & relative valuation basis
Source: Factset, MSCI, Bloomberg, Morgan Stanley Research. *Data as of July 12, 2012
Note: Median/Average for BSE Sensex since Dec 1992
15
What should investors do?
Invest for the long termOft repeated cliché – but a simple and effective way to invest in equity marketsWhile markets always fluctuate the possibility of losing money always diminishes as the investment horizon increases
Maximum Returns
Minimum Returns
Average of rolling returns
Possibility of making money
Possibility of losing money
1 year 264.77% -56.26% 17.95% 61.30% 38.70%
3 years 62.16% -18.52% 13.09% 76.85% 23.15%
5 years 47.22% -7.81% 11.92% 84.54% 15.46%
7 years 29.34% -7.55% 11.91% 86.87% 13.13%
10 years 20.69% -2.81% 10.72% 97.51% 2.49%
Annualized and Compounded Returns on BSE Sensex; Period – 02-Jan-1991 to 31-July-2012. Source: BSE.
16
What should investors do?
Stay invested during volatile times – timing the markets is futileMarket moves tend to be sharp and quick over shorter time framesHence missing a few of the best days in the market can reduce overall return potential
The table is for illustrative purposes only. Source: BSE.
Period of investment – 10 years ended July 31, 2012
Average annual return on the BSE Sensex
Stayed Fully Invested 19.14%Missed the best 5 days 13.85%Missed the best 10 days 10.50%Missed the best 20 days 4.80%Missed the best 30 days 0.14%
Missed the best 40 days -3.66%
FT – Equity – Focus Funds
18
FT: Equity Funds
FT has a broad range of equity funds to suit the current environment and future opportunities
All these funds focus on long term fundamentals and stock picking – essential to identify quality companies in this environment
The equity fund range consists of funds that have a performance track record of around 19 years and core investment team has remained unchanged for most of this period.
Fund Investment focus Inception date
Franklin India Bluechip Fund Invests in large cap companies December 1, 1993
Franklin India Prima Plus Primarily a large cap fund with some allocation to small/mid cap stocks that have high growth potential
September 29, 1994
Franklin India Flexi Cap Fund Invests in companies across the market range
March 2, 2005
19
Franklin India Bluechip Fund
Growth Blend Value
Large
Medium
Small
Source: Morningstar From Dec’93 to Jul’12
Style Consistency
Fund Description Open-end fund with clear focus on large cap companies, irrespective of market conditions
Inception Date December 1, 1993
Assets Rs. 4,802.65 crores (July 31, 2012)
Managed by Anand Radhakrishnan, Anand Vasudevan
Investment Style Blend of ‘growth’ and ‘value’
Salient Points One of the oldest funds with a consistent performance track record across market cycles – 19 year track record!Remains true to its labelNormally has about 35 to 40 stocks in its portfolioAdopts a buy-hold strategy and has low portfolio churn ratioSuitable as a core holding for all equity portfolios
20
Franklin India Bluechip Fund
These securities represent the ten largest holdings held in the Fund as of the date indicated. These securities do not represent all of the securities purchased, sold or Recommended for advisory clients, and the reader should not assume that investment in the securities listed was or will be profitable. Holdings are subject to change.
Top 10 holdings Sector Share of equity AUM
ICICI Bank Banks 8.10%
Bharti Airtel Telecom – Services 6.75%
Infosys Software 5.80%
HDFC Bank Banks 5.14%
Grasim Cement 4.66%
Reliance Industries Petroleum Products 3.87%
Oil & Natural Gas Corporation
Oil 3.27%
Kotak Mahindra Bank Banks 3.01%
Dr. Reddy's Pharmaceuticals 2.86%
IndusInd Bank Banks 2.78%
Total 46.24%
Top Sector Allocations Share of equity AUM
Banks 25.84%
Telecom - Services 9.02%
Pharmaceuticals 8.91%
Software 8.53%
Power 7.07%
Petroleum Products 5.93%
Cement 5.88%
Consumer Non Durables 5.71%
Auto 4.19%
Oil 3.53%
Rest 15.39%
Total 100.00%
As of July 31, 2012
21
Franklin India Bluechip Fund
Past performance may or may not be sustained in future. Load is not taken into consideration. Dividends assumed to be reinvested and Bonus is adjusted. Refer annexure performance of other funds managed by the fund manager/s. Returns greater than 1 year period are compounded annualized.
Growth Plan NAV Per Unit (Rs.)
FIBCF BSE Sensex S&P CNX Nifty
Last 1 year (Jun 30, 2011 to Jun 29, 2012) 216.5858 -3.26% -7.51% -6.53%Last 2 years (Jun 30, 2010 to Jun 29, 2012) 196.4388 3.28% -0.77% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 151.4629 11.42% 6.34% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 142.4306 8.02% 3.53% 4.09%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 21.95 25.28% 18.29% 17.42%Last 15 years (Jun 30, 1997 to Jun 29, 2012) 13.57 25.68% 9.85% 10.42%Since inception till Jun 29, 2012 10 23.46% 9.38% 9.32%Current Value of Standard Investment of Rs. 10000 invested at the beginning of the period
Last 2 years 10,666 9,847 9,937Last 3 years 13,833 12,026 12,302Last 5 years 14,710 11,897 12,224Last 10 years 95,454 53,718 49,905Last 15 years 308,854 40,953 44,271Since inception as on (1.12.93) 502,687 52,946 52,372
Growth Option NAV as at June 29, 2012: (Rs.) 209.5208
Long-term Cumulative Fund Performance (as of Jun 29, 2012)Refer Annexure for detailed performance disclosures
Fund Manager: Anand Radhakrishnan, Anand Vasudevan
Franklin India Bluechip Fund
22
Past performance may or may not be sustained in future. *Compounded and annualized. Dividends are assumed to be reinvested and bonus is adjusted.
Refer annexure for performance information of other funds managed by the fund manager/s.
Market Resilience (as of Jun 29, 2012)Date FIBCF
% changeBSE Sensex
% changeS&P CNX Nifty
% change
Inception 1-Dec-93 N.A N.A N.AInitial Rise 12-Sep-94 91.50% 40.66% 37.40%
Fall 04-Dec-96 -38.22% -40.72% -43.09%Rise 05-Aug-97 47.01% 65.68% 61.54%Fall 20-Oct-98 18.07% -39.22% -36.48%
Tech rally peak 11-Feb-00 233.94% 114.66% 117.14%11/9 impact 21-Sep-01 -47.94% -56.18% -51.36%Recovery 14-Jan-04 279.97% 138.22% 132.05%
India Re-rating 10-May-06 118.15% 103.62% 89.40%Precrisis Peak 08-Jan-08 57.86% 65.50% 67.49%Fall after peak 09-Mar-09 -54.97% -60.91% -59.08%Market Peak 09-Nov-10 165.08% 156.51% 144.90%
Current 29-Jun-12 -9.84% -16.73% -16.23%
Returns since inception* 29-Jun-12 23.46% 9.38% 9.32%
23
Franklin India Bluechip Fund
Performance Attribution By Sector - 1 year ended July 2012
Past performance does not guarantee future results. Source: FactSet.
1.93
1.62
0.87
0.80
0.79
0.64
0.17
‐0.36
‐0.81
‐1.11
‐3.08
‐4.00 ‐3.00 ‐2.00 ‐1.00 ‐‐ 1.00 2.00 3.00
Financials
Materials
Consumer Staples
Health Care
Consumer Discretionary
Cash & Other Net Assets
Energy
Information Technology
Industrials
Utilities
Telecommunication Services
24
Franklin India Bluechip FundPerformance Attribution By Stock – 1 year ended July 2012
Top Three Contributors
Grasim Industries One of the largest players in cement and monopoly in viscose staple fibre in IndiaIs a value buy within the cement space and its VSF business offers downside protection during downcycles in cement
Kotak Mahindra Bank Well positioned to take advantage of the ongoing rise in financial inclusion and shift in savings preference from traditional bank deposits to market linked instruments
HDFC Bank Amongst the largest Indian private banks and have a strong retail franchiseBet on rising penetration of financial services
Bottom Three Contributors
Bharti Airtel Leading wireless telecom services company and a play on rising penetration of data/broadband connectionsCould benefit from any consolidation in the industryRegulatory uncertainty has weighed on the stock and sector
Crompton Greaves Engineering solutions company and a play on the long-term investment storyStock has been impacted by capex slowdown and stiff competition concerns
Infosys One of the largest software companies in India and a key beneficiary of the outsourcing trendStock has been under pressure as challenging demand environment weighs on earnings
Past performance does not guarantee future results. Source: FactSet. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. The information stated above does not constitute an investment advice or recommendation.
25
Franklin India Prima Plus
Growth Blend Value
Large
Medium
Small
Fund Description Open-end diversified equity fund investing predominantly in large cap stocks with some exposure to mid/small cap stocks
Inception Date September 29, 1994
Assets Rs. 1,827.26 crores (Jul 31, 2012)
Managed by Anand Radhakrishnan, R. Janakiraman
Investment Style Primarily ‘growth’
Salient Points Has a long track performance track record of 18years plus !Focuses on
Wealth creating companies (generate return on capital in excess of their cost of capital) with high growthHigh growth companies in emerging sectorsTypically large/mid cap stock ratio of 80/20
Suitable for investors having moderate to aggressive risk profile with an investment horizon of at least 3 years
Source: Morningstar Since Inception to Jun 2012
Style Consistency
26
Franklin India Prima Plus
These securities represent the ten largest holdings held in the Fund as of the date indicated. These securities do not represent all of the securities purchased, sold or Recommended for advisory clients, and the reader should not assume that investment in the securities listed was or will be profitable. Holdings are subject to change.
Top 10 holdings Sector Share of equity AUM
ICICI Bank Banks 7.99%
Bharti Airtel Telecom – Services 6.52%
Infosys Software 5.51%
HDFC Bank Banks 5.03%
Grasim Industries Cement 4.59%
Indus Ind Bank Banks 3.00%
Kotak Mahindra Bank Banks 2.83%
Reliance Industries Petroleum Products 2.65%
Dr. Reddy's Pharmaceuticals 2.64%
Bosch Auto Ancillaries 2.34%
Total 43.11%
Top Sector Allocation Share of equity AUM
Banks 22.34%
Pharmaceuticals 12.09%
Telecom – Services 8.33%
Software 7.33%
Cement 6.78%
Auto Ancillaries 4.78%
Consumer Non Durables 4.61%
Auto 4.45%
Petroleum Products 4.33%
Minerals/Mining 3.93%
Total 78.97%
As of Jul 31, 2012
27
Franklin India Prima Plus
Past performance may or may not be sustained in future. Load is not taken into consideration. Dividends assumed to be reinvested and Bonus is adjusted. Refer annexure for performance of other funds managed by the fund manager/s. Returns greater than 1 year period are compounded annualized.
Growth Plan NAV Per Unit (Rs.)
FIPP S&P CNX 500 S&P CNX Nifty
Last 1 year (Jun 30, 2011 to Jun 29, 2012) 223.3016 -2.73% -7.79% -6.53%
Last 2 years (Jun 30, 2010 to Jun 29, 2012) 202.8684 3.47% -2.87% -0.32%
Last 3 years (Jun 30, 2009 to Jun 29, 2012) 154.5570 12.01% 6.33% 7.15%
Last 5 years (Jun 29, 2007 to Jun 29, 2012) 156.0141 6.83% 2.84% 4.09%
Last 10 years (Jun 28, 2002 to Jun 29, 2012) 22.79 25.26% 18.34% 17.42%
Last 15 years (Jun 30, 1997 to Jun 29, 2012) 7.54 25.10% 11.98% 10.42%Since inception till Jun 29, 2012 10 18.92% 7.86% 8.16%Current Value of Standard Investment of Rs. 10000 invested at the beginning of the period
Last 2 years 10,706 9,434 9,937Last 3 years 14,053 12,020 12,302Last 5 years 13,921 11,503 12,224Last 10 years 95,303 53,965 49,905Last 15 years 288,057 54,637 44,271Since inception (29.09.94) 217,195 38,326 40,253
Growth Plan NAV as at June 29, 2012: (Rs.) 217.1948
Long-term Cumulative Fund Performance (as of Jun 29, 2012)Refer Annexure for detailed performance disclosures
Fund Manager: Anand Radhakrishnan, R. Janakiraman
Franklin India Prima Plus
28
Date FIPP% change
S&P CNX 500% change
S&P CNX Nifty% change
Inception 29-Sep-94 N.A. N.A. N.A.
Fall 04-Dec-96 -41.20% -51.26% -39.90%
Rise 05-Aug-97 43.03% 58.98% 61.54%
Fall 20-Oct-98 4.40% -33.87% -36.48%
Tech rally peak 11-Feb-00 277.33% 176.49% 117.14%
11/9 impact 21-Sep-01 -53.70% -64.60% -51.36%
Recovery 14-Jan-04 240.68% 197.02% 132.05%
India Re-rating 10-May-06 138.10% 97.93% 89.40%
Pre-crisis Peak 08-Jan-08 71.93% 70.16% 67.49%
Fall after peak 09-Mar-09 -55.79% -63.98% -59.08%
Market Peak 09-Nov-10 155.14% 164.30% 144.90%
Current 29-Jun-12 -10.00% -19.77% -16.23%
Returns since inception* 29-Jun-12 18.92% 7.86% 8.16%
Past performance may or may not be sustained in future. *Compounded and annualized. Dividends are assumed to be reinvested and bonus is adjusted.
Refer annexure for performance information of other funds managed by the fund manager/s.
Market Resilience (as of Jun 29, 2012)
29
Franklin India Prima Plus
Performance Attribution By Sector – 1 year ended July 2012
Past performance does not guarantee future results. Source: FactSet.
2.62
2.22
1.06
0.55
0.39
‐0.04
‐0.32
‐0.39
‐0.62
‐2.40
‐3.29
‐4.00 ‐3.00 ‐2.00 ‐1.00 ‐‐ 1.00 2.00 3.00
Financials
Materials
Health Care
Cash & Other Net Assets
Consumer Staples
Industrials
Energy
Information Technology
Utilities
Consumer Discretionary
Telecommunication Services
30
Franklin India Prima PlusPerformance Attribution By Stock – 1 year ended July 2012
Top Three Contributors
CRISIL India’s largest ratings agency with strong parentage (Standard & Poor’s)Well-placed to gain from increased activity in the capital markets and policy changes driving expansion of service offerings
Grasim Industries One of the largest players in cement and near monopoly in viscose staple fibre in IndiaIs a value buy within the cement space and its VSF business offers downside protection during downcycles in cement
HDFC Bank Amongst the largest Indian private banks and has a strong retail franchiseBet on rising penetration of financial services
Bottom Three Contributors
TV18 Broadcast Pan-media house with dominant presence in broadcasting and strong bouquet of offeringsUnderperformance led by concerns about slowing ad spends and debt levels
Bharti Airtel Leading wireless telephony company Well placed to benefit from any consolidation in the industry and rising penetration of data/broadband connectionsRegulatory uncertainty has weighed on the stock and sector
Infosys One of the largest software companies in India and a key beneficiary of the outsourcing trendStock has been under pressure as challenging demand environment weighs on earnings
Past performance does not guarantee future results. Source: FactSet. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. The information stated above does not constitute an investment advice or recommendation.
31
Franklin India Flexi Cap Fund
Growth Blend Value
Large
Medium
Small
Fund Description Open-end fund with the flexibility to buy into companies across market caps
Inception Date March 2, 2005
Assets Rs. 1,643.60 crores (July 31, 2012)
Managed by K.N. Sivasubramanian, Anand Vasudevan
Investment Style Blend of ‘growth’ and ‘value’
Salient Points Portfolio well-diversified across sectors - blends the typically more volatile, mid/small cap stocks with large caps, that tend to be more stable
Has the ability to capture growth potential across big and small companies in a comprehensive manner
Given its diversified nature, ideal as a core holding of all equity portfolios
32
Franklin India Flexi Cap Fund
These securities represent the ten largest holdings held in the Fund as of the date indicated. These securities do not represent all of the securities purchased, sold or Recommended for advisory clients, and the reader should not assume that investment in the securities listed was or will be profitable. Holdings are subject to change.
As of July 31, 2012
Top 10 holdings Sector Share of equity AUM
ICICI Bank Banks 9.07%
Bharti Airtel Telecom – Services 8.88%
Axis Bank Banks 7.25%
Dr. Reddy's Laboratories Pharmaceuticals 4.75%
HDFC Bank Banks 6.06%
Yes Bank Banks 3.77%
Infosys Software 3.17%
Oil & Natural Gas Corp. Auto 3.07%
Power Grid Corporation Power 2.99%
Mahindra & Mahindra Auto 2.98%
Total 51.99%
Top Sector Allocation Share of equity AUM
Banks 25.07%
Pharmaceuticals 12.59%
Telecom - Services 8.88%
Power 7.28%
Auto 6.30%
Cement 4.24%
Auto Ancillaries 3.55%
Software 3.17%
Oil 3.07%
Gas 3.02%
Total 77.17%
33
Franklin India Flexi Cap Fund
Past performance may or may not be sustained in future. Load is not taken into consideration. Dividends assumed to be reinvested and Bonus is adjusted. Refer annexure performance of other funds managed by the fund manager/s. Returns greater than 1 year period are compounded annualized.
Growth Plan NAV Per Unit (Rs.)
FIFCF S&P CNX 500 S&P CNX Nifty
Last 1 year (Jun 30, 2011 to Jun 29, 2012) 32.7142 -7.98% -7.79% -6.53%
Last 2 years (Jun 30, 2010 to Jun 29, 2012) 29.8221 0.47% -2.87% -0.32%
Last 3 years (Jun 30, 2009 to Jun 29, 2012) 22.2975 10.52% 6.33% 7.16%
Last 5 years (Jun 29, 2007 to Jun 29, 2012) 22.9236 5.59% 2.84% 4.09%
Since inception till Jun 29, 2012 10 16.22% 11.93% 13.45%
Current Value of Standard Investment of Rs. 10000 invested at the beginning of the period
Last 2 years 10,094 9,434 9,937
Last 3 years 13,501 12,020 12,302
Last 5 years 13,132 11,503 12,224
Since inception (2.03.2005) 30,104 22,849 25,219
Growth Plan NAV as at June 29, 2012: (Rs.) 30.8875
Long-term Cumulative Fund Performance (as of Jun 29, 2012)Refer Annexure for detailed performance disclosures
Fund Manager: KN Sivasubramanian, Anand Vasudevan
Franklin India Flexi Cap Fund
34
Past performance may or may not be sustained in future. *Compounded and annualized. Dividends are assumed to be reinvested and bonus is adjusted.
Refer annexure for performance information of other funds managed by the fund manager/s.
Market Resilience (as of Jun 29, 2012)Date FIFCF
% changeS&P CNX 500
% changeS&P CNX Nifty
% change
Inception 2-Mar-05 N.A N.A N.A
India Re-rating 10-May-06 100.60% 75.80% 79.35%
Precrisis Peak 08-Jan-08 57.17% 70.16% 67.49%
Fall after peak 09-Mar-09 -60.59% -63.98% -59.08%
Market Peak 09-Nov-10 194.89% 164.30% 144.90%
Current 29-Jun-12 -17.85% -19.77% -16.23%
Returns since inception* 29-Jun-12 16.22% 11.93% 13.45%
35
Franklin India Flexi Cap Fund
Performance Attribution By Sector – 1 year ended July 2012
Past performance does not guarantee future results. Source: FactSet.
1.66
1.04
0.77
0.51
0.27
0.13
‐0.21
‐1.27
‐1.31
‐2.57
‐2.71
‐3.00 ‐2.00 ‐1.00 ‐‐ 1.00 2.00
Health Care
Materials
Financials
Cash & Other Net Assets
Consumer Staples
Information Technology
Energy
Industrials
Utilities
Telecommunication Services
Consumer Discretionary
36
Franklin India Flexi Cap Fund
Performance Attribution By Stock – 1 year ended July 2012Top Three Contributors
Amara Raja Batteries Leading player in Indian storage battery industryPlay on the rising demand for automotives and telecom/ industrial growth
HDFC Bank Amongst the largest Indian private banks and have a strong retail franchiseBet on rising penetration of financial services
IPCA Laboratories A fully-integrated mid-size pharma company with a diversified revenue mixRe-rating potential - improving business mix, benefits from backward integration and healthy balance sheet
Bottom Three Contributors
TV18 Broadcast Pan-media house with dominant presence in broadcasting business and strong bouquet of offeringsUnderperformance led by concerns about debt levels and inter-group restructuring
Infosys One of the largest software companies in India and a key beneficiary of the outsourcing trendStock has been under pressure as challenging demand environment weighs on earnings
Bharti Airtel Leading wireless telephony company Well placed to benefit from any consolidation in the industry and rising penetration of data/broadband connectionsRegulatory uncertainty has weighed on the stock and sector
Past performance does not guarantee future results. Source: FactSet. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. The information stated above does not constitute an investment advice or recommendation.
37
Summary
Cautious optimism in global markets on hopes of policy support
India like other EMs has witnessed a slowdown in economic growth Growth likely to remain modest over the coming year or so as domestic and global factors play out
There’s more headroom for monetary easing now but fiscal situation remains a concern
Long-term growth story remains intact - an interplay of consumption & investment
Corporate India remains in good shape – even as near term RoE trends impacted by cost pressures
Current valuations offer good investment opportunities, especially bottom-up basis
FT has a range of offerings with strong track record to suit different risk profilesOne of the largest buy side teams – senior managers and analysts have been together for more than 16 years
Tune-out short-term noise and focus on long-term potential
Ignore momentum stories that reflect short-term trends and focus on building a portfolio of companies that are creating value for their shareholders
Bluechip, Flexi Cap and Prima Plus funds have a long track record and have performed well across market cycles
38
Scheme Classification and Objective: Franklin India Bluechip Fund (FIBCF) is an open ended growth scheme with an objective to primarily provide medium to long term capital appreciation. Franklin India Flexi Cap Fund (FIFCF): An open-end diversified equity fund that seeks to provide medium to long-term capital appreciation by investing in stocks across the entire market capitalization range. Franklin India Prima Plus (FIPP) is an open end growth fund with an objective to provide growth of capital plus regular dividend through a diversified portfolio of equities, fixed income securities and money market instruments. Load Structure: FIBCF,FIPP FIFCF: Entry Load: Nil: Exit Load: In respect of each purchase of Units - 1% if the Units are redeemed/switched-out within one year of allotment. Risk Factors: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. The past performance of the mutual funds managed by the Franklin Templeton Group and its affiliates is not necessarily indicative of future performance of the schemes.
Risk factors
Annexure
www.franklintempletonindia.com Franklin Templeton Investments 28
SCHEME PERFORMANCE
Franklin India Bluechip Fund (FIBCF) - Growth OptionNAV as at June 29, 2012: (Rs.) 209.5208Fund Manager: Anand Radhakrishnan, Anand Vasudevan
NAV Per Unit (Rs.) FIBCF BSE Sensex S&P CNX NiftyDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 216.5858 -3.26% -7.51% -6.53%Jun 30, 2010 to Jun 30, 2011 196.4388 10.26% 6.47% 6.30%Jun 30, 2009 to Jun 30, 2010 151.4629 29.69% 22.13% 23.80%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 3.28% -0.77% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 11.42% 6.34% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 142.4306 8.02% 3.53% 4.09%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 21.95 25.28% 18.29% 17.42%Last 15 years (Jun 30, 1997 to Jun 29, 2012) 13.57 25.68% 9.85% 10.42%Since inception till Jun 29, 2012 10 23.46% 9.38% 9.32%Current Value of Standard Investment of Rs 10000Last 2 years 10666 9847 9937Last 3 years 13833 12026 12302Last 5 years 14710 11897 12224Last 10 years 95454 53718 49905Last 15 years 308854 40953 44271Since inception (1.12.1993) 502687 52946 52372
Templeton India Growth Fund (TIGF) - Dividend OptionNAV as at June 29, 2012: (Rs.) 44.6847Fund Manager: Dr. J. Mark Mobius
NAV Per Unit (Rs.) TIGF BSE Sensex MSCI India Value S&P CNX NiftyDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year)50.6031 -8.24% -7.51% -12.03% -6.53%Jun 30, 2010 to Jun 30, 2011 53.7310 1.89% 6.47% -0.70% 6.30%Jun 30, 2009 to Jun 30, 2010 40.0034 42.61% 22.13% 31.32% 23.80%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) -3.31% -0.77% -6.53% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 10.07% 6.34% 4.68% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 43.7906 7.59% 3.53% 4.42% 4.09%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 13.08 23.32% 18.29% 19.34% 17.42%Last 15 years (Jun 30, 1997 to Jun 29, 2012) 11.83 16.63% 9.85% 8.86% 10.42%Since inception till Jun 29, 2012 10 16.96% 10.82% N.A 11.09%Current Value of Standard Investment of Rs 10000Last 2 years 9350 9847 8736 9937Last 3 years 13334 12026 11472 12302Last 5 years 14419 11897 12418 12224Last 10 years 81558 53718 58695 49905Last 15 years 100621 40953 35755 44271since inception (10.9.1996) 119035 50745 N.A 52728
Franklin India Prima Plus (FIPP) - Growth OptionNAV as at June 29, 2012: (Rs.) 217.1948Fund Manager: Anand Radhakrishnan, R. Janakiraman
NAV Per Unit (Rs.) FIPP S&P CNX 500 S&P CNX NiftyDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 223.3016 -2.73% -7.79% -6.53%Jun 30, 2010 to Jun 30, 2011 202.8684 10.07% 2.31% 6.30%Jun 30, 2009 to Jun 30, 2010 154.5570 31.26% 27.41% 23.80%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 3.47% -2.87% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 12.01% 6.33% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 156.0141 6.83% 2.84% 4.09%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 22.79 25.26% 18.34% 17.42%Last 15 years (Jun 30, 1997 to Jun 29, 2012) 7.54 25.10% 11.98% 10.42%Since inception till Jun 29, 2012 10 18.92% 7.86% 8.16%Current Value of Standard Investment of Rs 10000Last 2 years 10706 9434 9937Last 3 years 14053 12020 12302Last 5 years 13921 11503 12224Last 10 years 95303 53965 49905Last 15 years 288057 54637 44271Since inception (29.9.1994) 217195 38326 40253
Franklin India Prima Fund (FIPF) - Growth OptionNAV as at June 29, 2012: (Rs.) 264.6954Fund Manager: R. Janakiraman, K. N. Sivasubramanian
NAV Per Unit (Rs.) FIPF S&P CNX 500 S&P CNX NiftyDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 273.6303 -3.27% -7.79% -6.53%Jun 30, 2010 to Jun 30, 2011 264.2304 3.56% 2.31% 6.30%
Jun 30, 2009 to Jun 30, 2010 175.4872 50.57% 27.41% 23.80%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 0.09% -2.87% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 14.68% 6.33% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 226.7622 3.14% 2.84% 4.09%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 29.10 24.68% 18.34% 17.42%Last 15 years (Jun 30, 1997 to Jun 29, 2012) 10.06 24.34% 11.98% 10.42%Since inception till Jun 29, 2012 10 19.27% 8.97% 9.32%Current Value of Standard Investment of Rs 10000Last 2 years 10018 9434 9937Last 3 years 15083 12020 12302Last 5 years 11673 11503 12224Last 10 years 90961 53965 49905Last 15 years 263117 54637 44271Since inception (1.12.1993) 264695 49412 52372
Franklin India Flexi Cap Fund (FIFCF) - Growth OptionNAV as at June 29, 2012: (Rs.) 30.1038Fund Manager: K. N. Sivasubramanian, Anand Vasudevan
NAV Per Unit (Rs.) FIFCF S&P CNX 500 S&P CNX NiftyDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 32.7142 -7.98% -7.79% -6.53%Jun 30, 2010 to Jun 30, 2011 29.8221 9.70% 2.31% 6.30%Jun 30, 2009 to Jun 30, 2010 22.2975 33.75% 27.41% 23.80%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 0.47% -2.87% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 10.52% 6.33% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 22.9236 5.59% 2.84% 4.09%Since inception till Jun 29, 2012 10 16.22% 11.93% 13.45%Current Value of Standard Investment of Rs 10000Last 2 years 10094 9434 9937Last 3 years 13501 12020 12302Last 5 years 13132 11503 12224Since inception (2.3.2005) 30104 22849 25219
Franklin India Opportunities Fund (FIOF) - Growth OptionNAV as at June 29, 2012: (Rs.) 28.8213Fund Manager: Chakri Lokapriya, Anil Prabhudas
NAV Per Unit (Rs.) FIOF BSE 200 # S&P CNX NiftyDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 31.2132 -7.66% -7.63% -6.53%Jun 30, 2010 to Jun 30, 2011 29.7045 5.08% 2.96% 6.30%Jun 30, 2009 to Jun 30, 2010 24.4161 21.66% 27.22% 23.80%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) -1.50% -2.48% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.68% 6.56% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 28.6254 0.14% 3.44% 4.09%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 4.65 19.99% 13.34% 17.42%Since inception till Jun 29, 2012 10 8.94% -3.64% 9.33%Current Value of Standard Investment of Rs 10000Last 2 years 9703 9511 9937Last 3 years 11804 12100 12302Last 5 years 10068 11847 12224Last 10 years 61981 35038 49905Since inception (21.2.2000) 28821 6327 30105# Index adjusted for the period February 21, 2000 to March 10, 2004 with the performance of ET Mindex.
Templeton India Equity Income Fund (TIEIF) - Growth OptionNAV as at June 29, 2012: (Rs.) 19.1752Fund Manager: Dr. J. Mark Mobius assisted by Chetan Sehgal
NAV Per Unit (Rs.) TIEIF BSE 200 S&P CNX NiftyDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 20.5014 -6.47% -7.63% -6.53%Jun 30, 2010 to Jun 30, 2011 18.2134 12.56% 2.96% 6.30%Jun 30, 2009 to Jun 30, 2010 13.4542 35.37% 27.22% 23.80%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 2.61% -2.48% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 12.54% 6.56% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 13.4733 7.30% 3.44% 4.09%Since inception till Jun 29, 2012 10 11.22% 7.07% 7.51%Current Value of Standard Investment of Rs 10000Last 2 years 10528 9511 9937Last 3 years 14252 12100 12302Last 5 years 14232 11847 12224Since inception (18.5.2006) 19175 15191 15577
www.franklintempletonindia.com Franklin Templeton Investments 29
Franklin Asian Equity Fund (FAEF) - Growth OptionNAV as at June 29, 2012: (Rs.) 11.8279Fund Manager: Roshi Jain
NAV Per Unit (Rs.) FAEF MSCI Asia S&P CNX Nifty(ex Japan)
Standard IndexDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 11.1221 6.35% 5.14% -6.53%Jun 30, 2010 to Jun 30, 2011 9.8517 12.90% 18.24% 6.30%Jun 30, 2009 to Jun 30, 2010 8.8466 11.36% 15.95% 23.80%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 9.57% 11.50% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 10.17% 12.96% 7.15%Since inception till Jun 29, 2012 10 3.84% 4.05% -2.60%Current Value of Standard Investment of Rs 10000Last 2 years 12006 12433 9937Last 3 years 13370 14415 12302Since inception (16.1.2008) 11828 11934 8893
Franklin India High Growth Companies Fund (FIHGCF) - Growth OptionNAV as at June 29, 2012: (Rs.) 11.9437Fund Manager: K. N. Siva Subramanian, Roshi Jain
NAV Per Unit (Rs.) FIHGCF S&P CNX 500 S&P CNX NiftyDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 12.8575 -7.11% -7.79% -6.53%Jun 30, 2010 to Jun 30, 2011 12.0471 6.73% 2.31% 6.30%Jun 30, 2009 to Jun 30, 2010 8.7659 37.43% 27.41% 23.80%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) -0.43% -2.87% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 10.86% 6.33% 7.15%Since inception till Jun 29, 2012 10 3.67% 1.64% 2.74%Current Value of Standard Investment of Rs 10000Last 2 years 9914 9434 9937Last 3 years 13625 12020 12302Since inception (26.7.2007) 11944 10836 11427
Franklin India Smaller Companies Fund (FISCF) - Growth OptionNAV as at June 29, 2012: (Rs.) 13.5247Fund Manager: R. Janakiraman, K. N. Sivasubramanian
NAV Per Unit (Rs.) FISCF CNX Midcap S&P CNX NiftyDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 14.2698 -5.22% -7.77% -6.53%Jun 30, 2010 to Jun 30, 2011 13.7126 4.06% -1.96% 6.30%Jun 30, 2009 to Jun 30, 2010 9.4570 45.00% 49.82% 23.80%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) -0.69% -4.91% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 12.67% 10.65% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 12.2294 2.03% 4.23% 4.09%Since inception till Jun 29, 2012 10 4.78% 9.00% 10.00%Current Value of Standard Investment of Rs 10000Last 2 years 9863 9042 9937Last 3 years 14301 13546 12302Last 5 years 11059 12303 12224Since inception (13.1.2006) 13525 17454 18519
Franklin Build India Fund (FBIF) - Growth OptionNAV as at June 29 30, 2012: (Rs.) 11.2923Fund Manager: Anand Radhakrishnan, Roshi Jain
NAV Per Unit (Rs.) FBIF S&P CNX 500 S&P CNX NiftyDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 11.5538 -2.26% -7.79% -6.53%Jun 30, 2010 to Jun 30, 2011 12.0090 -3.79% 2.31% 6.30%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) -3.03% -2.87% -0.32%Since inception till Jun 29, 2012 10 4.41% 2.99% 4.36%Current Value of Standard Investment of Rs 10000Last 2 years 9403 9434 9937Since inception (4.9.2009) 11292 10867 11279
Franklin India Taxshield (FIT) - Growth OptionNAV as at June 29, 2012: (Rs.) 210.9867Fund Manage:r Anand Radhakrishnan, Anil Prabhudas
NAV Per Unit (Rs.) FIT S&P CNX 500 S&P CNX NiftyDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 212.5066 -0.72% -7.79% -6.53%Jun 30, 2010 to Jun 30, 2011 190.1618 11.75% 2.31% 6.30%
Jun 30, 2009 to Jun 30, 2010 143.1573 32.83% 27.41% 23.80%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 5.33% -2.87% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 13.80% 6.33% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 139.5850 8.60% 2.84% 4.09%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 24.5 24.00% 18.34% 17.42%Since inception till Jun 29, 2012 10 25.92% 14.51% 13.46%Current Value of Standard Investment of Rs 10000Last 2 years 11095 9434 9937Last 3 years 14738 12020 12302Last 5 years 15115 11503 12224Last 10 years 86117 53965 49905Since inception (10.4.1999) 210987 60072 53140
Franklin India Index Fund Nifty Plan (FIIF-Nifty Plan) - Growth OptionNAV as at June 29, 2012: (Rs.) 41.6244Fund Manager: Anil Prabhudas
NAV Per Unit (Rs.) FIIF - Nifty Plan S&P CNX NiftyDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 44.4691 -6.40% -6.53%Jun 30, 2010 to Jun 30, 2011 41.8199 6.33% 6.30%Jun 30, 2009 to Jun 30, 2010 33.7031 24.08% 23.80%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) -0.23% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.29% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 34.4184 3.87% 4.09%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 8.01 17.89% 17.42%Since inception till Jun 29, 2012 10 12.72% 12.35%Current Value of Standard Investment of Rs 10000Last 2 years 9953 9937Last 3 years 12350 12302Last 5 years 12094 12224Last 10 years 51966 49905Since inception (4.8.2000) 41624 40036
Franklin India Index Fund BSE Plan (FIIF - BSE Plan) - Growth OptionNAV as at June 29, 2012: (Rs.) 49.2906Fund Manager: Anil Prabhudas
NAV Per Unit (Rs.) FIIF - BSE Plan BSE Sensex S&P CNX NiftyDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 53.2506 -7.44% -7.51% -6.53%Jun 30, 2010 to Jun 30, 2011 49.8169 6.89% 6.47% 6.30%Jun 30, 2009 to Jun 30, 2010 40.7039 22.39% 22.13% 23.80%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) -0.53% -0.77% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.59% 6.34% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 40.7969 3.85% 3.53% 4.09%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 9.86 17.44% 18.29% 17.42%Since inception till Jun 29, 2012 10 15.84% 16.52% 15.83%Current Value of Standard Investment of Rs 10000Last 2 years 9894 9847 9937Last 3 years 12110 12026 12302Last 5 years 12082 11897 12224Last 10 years 49990 53718 49905Since inception (27.8.2001) 49291 52527 49218
Franklin Infotech Fund (FIF) - Growth OptionNAV as at June 29, 2012: (Rs.) 62.4415Fund Manager: Anand Radhakrishnan
NAV Per Unit (Rs.) FIF BSE IT Index S&P CNX NiftyDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 64.9739 -3.90% -5.49% -6.53%Jun 30, 2010 to Jun 30, 2011 56.5424 14.91% 14.68% 6.30%Jun 30, 2009 to Jun 30, 2010 34.6965 62.96% 61.82% 23.80%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 5.09% 4.11% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 21.64% 20.59% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 50.6014 4.29% 3.43% 4.09%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 12.99 16.98% 14.60% 17.42%Since inception till Jun 29, 2012 10 19.98% N.A 14.03%Current Value of Standard Investment of Rs 10000Last 2 years 11043 10838 9937Last 3 years 17996 17538 12302Last 5 years 12340 11836 12224Last 10 years 48069 39118 49905Since inception (22.8.1998) 124900 N.A 61709
SCHEME PERFORMANCE
www.franklintempletonindia.com Franklin Templeton Investments 30
FT India Balanced Fund (FTIBF) - Growth Option
NAV as at June 29, 2012: (Rs.) 49.0457
Fund Manager: Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Sachin Padwal-Desai, Umesh SharmaNAV Per Unit (Rs.) FTIBF Crisil Balanced S&P CNX Nifty
Fund Index
Discrete 12 months performance
Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 49.4188 -0.75% -0.99% -6.53%
Jun 30, 2010 to Jun 30, 2011 46.4317 6.43% 6.04% 6.30%
Jun 30, 2009 to Jun 30, 2010 38.9332 19.26% 17.34% 23.80%
Compounded Annualised Growth Rate Performance
Last 2 years (Jun 30, 2010 to Jun 29, 2012) 2.78% 2.47% -0.32%
Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.00% 7.20% 7.15%
Last 5 years (Jun 29, 2007 to Jun 29, 2012) 36.1608 6.28% 6.18% 4.09%
Last 10 years (Jun 28, 2002 to Jun 29, 2012) 9.15 18.26% 13.76% 17.42%
Since inception till Jun 29, 2012 10 13.50% N.A 10.90%
Current Value of Standard Investment of Rs 10000
Last 2 years 10563 10499 9937
Last 3 years 12597 12320 12302
Last 5 years 13563 13502 12224
Last 10 years 53602 36338 49905
Since inception (10.12.1999) 49046 N.A 36667
Templeton India Pension Plan (TIPP) - Growth Option
NAV as at June 29, 2012: (Rs.) 61.7800
Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Sachin Padwal-Desai, Umesh SharmaNAV Per Unit (Rs.) TIPP Benchmark* Crisil 10 Year
Gilt Index
Discrete 12 months performance
Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 59.6498 3.57% 2.46% 7.10%
Jun 30, 2010 to Jun 30, 2011 56.0680 6.39% 4.04% 1.79%
Jun 30, 2009 to Jun 30, 2010 50.1204 11.87% 13.63% 3.43%
Compounded Annualised Growth Rate Performance
Last 2 years (Jun 30, 2010 to Jun 29, 2012) 4.97% 3.25% 4.41%
Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.22% 6.60% 4.08%
Last 5 years (Jun 29, 2007 to Jun 29, 2012) 45.7729 6.17% 6.52% 6.45%
Last 10 years (Jun 28, 2002 to Jun 29, 2012) 18.51 12.79% 11.89% 6.07%
Last 15 years (Jun 30, 1997 to Jun 29, 2012) 10.30 12.68% N.A N.A
Since inception till Jun 29, 2012 10 12.68% N.A N.A
Current Value of Standard Investment of Rs 10000
Last 2 years 11019 10660 10901
Last 3 years 12326 12113 11275
Last 5 years 13497 13721 13672
Last 10 years 33377 30788 18043
Last 15 years 59981 N.A N.A
Since inception (31.3.1997) 61780 N.A N.A
FT India Dynamic PE Ratio Fund Of Funds (FTDPEF) - Growth Option
NAV as at June 29, 2012: (Rs.) 41.7494
Fund Manager Anand RadhakrishnanNAV Per Unit (Rs.) FTDPEF BSE Sensex Crisil Balanced Additional
Fund Index Benchmark
Discrete 12 months performance
Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 40.7727 2.40% -7.51% -0.99% Not Applicable
Jun 30, 2010 to Jun 30, 2011 37.8102 7.84% 6.47% 6.04% Not Applicable
Jun 30, 2009 to Jun 30, 2010 32.6684 15.74% 22.13% 17.34% Not Applicable
Compounded Annualised Growth Rate Performance
Last 2 years (Jun 30, 2010 to Jun 29, 2012) 5.08% -0.77% 2.47% Not Applicable
Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.52% 6.34% 7.20% Not Applicable
Last 5 years (Jun 29, 2007 to Jun 29, 2012) 26.3541 9.63% 3.53% 6.18% Not Applicable
Since inception till Jun 29, 2012 10 17.92% 15.75% 12.13% Not Applicable
Current Value of Standard Investment of Rs 10000
Last 2 years 11042 9847 10499 Not Applicable
Last 3 years 12780 12026 12320 Not Applicable
Last 5 years 15842 11897 13502 Not Applicable
Since inception (31.10.2003) 41749 35522 26987 Not Applicable
FT India Life Stage Fund of Funds (FTLF) - Growth Option
NAV as at June 29, 2012: (Rs.):
The 20s Plan: 36.7892; The 30s Plan: 28.9758; The 40s Plan: 24.5638; The 50s Plus Plan: 19.9931;
The 50s Plus Floating Rate Plan: 20.9911
Fund Manager: Equity: Anand Radhakrishnan; Debt: Sachin Padwal-Desai, Pallab Roy
Current Value ofDiscrete 12 months performance Compounded Annualised Standard Investment of
Growth Rate Performance Rs 10000invested at the beginning
of the periodJun 30 2011 Jun 30, 2010 Jun 30, 2009 Last Last Last Since Last Last Last since
to Jun 30, 2012 to to 2 years 3 years 5 years inception 2 years 3 years 5years inception(Last 1 year) Jun 30, 2011 Jun 30, 2010 (Jun 30, (Jun 30, (Jun 29, till Jun 29,
2010 to 2009 to 2007 to 2012IUN 29, Jun 29, Jun 29,2012) 2012) 2012)
The 20s Plan - NAV Per Unit (Rs.) 37.0857 34.2863 26.6979 24.7023 10The 20s Plan - Returns -0.80% 8.16% 28.42% 3.59% 11.28% 8.28% 16.39% 10730 13780 14893 36789Benchmark* -4.13% 5.75% 19.46% 0.69% 6.59% 4.84% 13.74% 10138 12111 12671 30185The 30s Plan - NAV Per Unit (Rs.) 28.2682 26.1478 21.5864 19.2231 10The 30s Plan - Returns 2.50% 8.11% 21.13% 5.27% 10.31% 8.54% 13.20% 11082 13423 15073 28976Benchmark* 0.05% 5.64% 14.84% 2.80% 6.67% 6.09% 11.58% 10568 12137 13446 25606The 40s Plan - NAV Per Unit (Rs.) 23.5706 21.9371 18.3399 15.9091 10The 40s Plan - Returns 4.21% 7.45% 19.61% 5.82% 10.23% 9.07% 11.04% 11197 13394 15440 24564Benchmark* 3.28% 5.21% 11.32% 4.24% 6.55% 6.68% 9.51% 10867 12097 13821 21809The 50s Plus Plan - NAV Per Unit (Rs.)19.0068 17.8479 15.7869 13.4406 10The 50s Plus Plan - Returns 5.19% 6.49% 13.06% 5.84% 8.19% 8.26% 8.41% 11202 12664 14875 19993Benchmark* 5.65% 5.24% 8.22% 5.44% 6.36% 6.87% 7.80% 11118 12032 13949 19059Additional Benchmark** Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not ApplicableNot ApplicableThe 50s Plus Floating Rate Plan - NAV Per Unit (Rs.) 19.7497 18.4804 16.7910 14.2547 10The 50s Plus Floating Rate Plan - Returns 6.29% 6.87% 10.06% 6.58% 7.73% 8.04% 9.74% 11359 12501 14726 20991Benchmark* 5.62% 7.36% 7.07% 6.49% 6.68% 6.92% 9.08% 11339 12141 13981 20012Additional Benchmark*** Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
Inception: FTLF 20s Plan/30s Plan/40s Plan/50s plus Plan(1.12.2003); 50s plus Floating Rate Plan: 9.7.2004
Templeton India Income Fund (TIIF) - Growth OptionNAV as at June 29, 2012: (Rs.) 36.9450Fund Manager Umesh Sharma, Sachin Padwal-Desai
NAV Per Unit (Rs.) TIIF Crisil Composite Crisil 10 YearBond Fund Index Gilt Index
Discrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 34.1118 8.31% 8.69% 7.10%Jun 30, 2010 to Jun 30, 2011 32.3110 5.57% 4.58% 1.79%Jun 30, 2009 to Jun 30, 2010 31.0675 4.00% 4.69% 3.43%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 6.93% 6.61% 4.41%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.95% 5.97% 4.08%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 26.0989 7.19% 6.81% 6.45%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 19.79 6.43% 6.05% 6.07%Last 15 years (Jun 30, 1997 to Jun 29, 2012) 10.45 8.78% N.A N.ASince inception till Jun 29, 2012 10 8.90% N.A N.ACurrent Value of Standard Investment of Rs 10000Last 2 years 11434 11366 10901Last 3 years 11892 11900 11275Last 5 years 14156 13909 13672Last 10 years 18669 18002 18043Last 15 years 35354 N.A N.ASince inception (5.3.1997) 36945 N.A N.A
Templeton India Income Builder Account Plan (TIIBA) - Growth OptionNAV as at June 29, 2012: (Rs.) 36.5544Fund Manager: Umesh Sharma, Sachin Padwal-Desai
NAV Per Unit (Rs.) TIIBA Crisil Composite Crisil 10 YearBond Fund Index Gilt Index
Discrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 33.0046 10.76% 8.69% 7.10%Jun 30, 2010 to Jun 30, 2011 30.9777 6.54% 4.58% 1.79%Jun 30, 2009 to Jun 30, 2010 29.4238 5.28% 4.69% 3.43%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 8.63% 6.61% 4.41%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.50% 5.97% 4.08%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 25.0238 7.87% 6.81% 6.45%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 19.21 6.64% 6.05% 6.07%Since inception till Jun 29, 2012 10 9.01% N.A N.ACurrent Value of Standard Investment of Rs 10000Last 2 years 11800 11366 10901Last 3 years 12423 11900 11275Last 5 years 14608 13909 13672Last 10 years 19029 18002 18043Since inception (23.6.1997) 36554 N.A N.A
Templeton India Income Opportunities Fund (TIIOF) - Growth OptionNAV as at June 29, 2012: (Rs.) 12.2992Fund Manager Umesh Sharma, Sachin Padwal-Desai
NAV Per Unit (Rs.) TIIOF Crisil Short-Term Crisil 10 YearBond Fund Index Gilt Index
Discrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 11.2387 9.44% 8.81% 7.10%Jun 30, 2010 to Jun 30, 2011 10.5377 6.65% 5.59% 1.79%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 8.04% 7.19% 4.41%Since inception till Jun 29, 2012 10 8.45% 6.75% 4.23%Current Value of Standard Investment of Rs 10000Last 2 years 11672 11489 10901
SCHEME PERFORMANCE
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Since inception (11.12.2009) 12299 11812 11114
Templeton India Low Duration Fund (TILDF) - GrowthNAV as at June 29, 2012: (Rs.) 11.8653Fund Manager Sachin Padwal-Desai, Umesh Sharma
NAV Per Unit (Rs.) Growth Crisil Short-Term 1 year T-BillBond Fund Index #
Discrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.7794 10.07% 8.81% 7.73%Compounded Annualised Growth Rate PerformanceSince inception from 26.7.2010 till Jun 29, 2012 10 9.27% 7.80% 6.08%Current Value of Standard Investment ofRs 10000 since inception 11865 11559 11207
Templeton India Low Duration Fund (TILDF) - Monthly Dividend (MD)NAV as at June 29, 2012: MD: 10.4268
NAV Per Unit (Rs.) MD Crisil Short-Term 1 year T-BillBond Fund Index #
Discrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.3030 10.07% 8.81% 7.73%Jun 30, 2010 to Jun 30, 2011 10.1515 7.70% 6.73% 4.43%Jun 30, 2009 to Jun 30, 2010 10.4051 5.59% 7.66% 1.97%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 8.88% 7.77% 6.06%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.77% 7.73% 4.68%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 10.3569 7.81% 7.81% 5.52%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 10.34 6.36% 8.59% 5.29%Since inception till Jun 29, 2012 10 7.28% N.A 6.02%Current Value of Standard Investment of Rs 10000Last 2 years 11855 11614 11250Last 3 years 12517 12504 11471Last 5 years 14574 14571 13088Last 10 years 18541 22828 16756Since inception (7.2.2000) 23914 N.A 20653
Templeton India Low Duration Fund (TILDF) - Quarterly Dividend (QD)NAV as at June 29, 2012: (Rs.) QD: 10.5628
NAV Per Unit (Rs.) QD Crisil Short-Term 1 year T-BillBond Fund Index #
Discrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.2732 10.07% 8.81% 7.73%Jun 30, 2010 to Jun 30, 2011 10.5305 7.69% 6.73% 4.43%Jun 30, 2009 to Jun 30, 2010 10.5251 5.59% 7.66% 1.97%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 8.88% 7.77% 6.06%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.77% 7.73% 4.68%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 10.3772 7.81% 7.81% 5.52%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 10.24 6.37% 8.59% 5.29%Since inception till Jun 29, 2012 7.30% N.A 6.02%Current Value of Standard Investment of Rs 10000Last 2 years 11854 11614 11250Last 3 years 12517 12504 11471Last 5 years 14574 14571 13088Last 10 years 18564 22828 16756Since inception (7.2.2000) 23959 N.A 20653# Index adjusted for the period April 1, 2002 to November 29, 2010 with the performance of Crisil MIP Blended Index.
FT India Monthly Income Plan (FTIMIP) - Growth OptionNAV as at June 29, 2012: (Rs.) 30.0393Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Sachin Padwal-Desai, Umesh Sharma
NAV Per Unit (Rs.) FTIMIP Crisil MIP Crisil 10 YearBlended Index Gilt Index
Discrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 28.4231 5.69% 6.54% 7.10%Jun 30, 2010 to Jun 30, 2011 27.0126 5.22% 5.03% 1.79%Jun 30, 2009 to Jun 30, 2010 24.7343 9.21% 7.66% 3.43%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 5.45% 5.78% 4.41%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.69% 6.40% 4.08%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 21.4620 6.95% 7.01% 6.45%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 12.22 9.40% 8.19% 6.07%Since inception till Jun 29, 2012 10 9.81% N.A N.ACurrent Value of Standard Investment of Rs 10000Last 2 years 11120 11190 10901Last 3 years 12145 12047 11275Last 5 years 13997 14039 13672Last 10 years 24582 21995 18043Since inception (28.9.2000) 30039 N.A N.A
Templeton India Government Securities Fund (TGSF) - Growth - Composite Plan (CP)NAV as at June 29, 2012: (Rs.) CP: 36.6843Fund Manager Sachin Padwal-Desai, Umesh Sharma
NAV Per Unit (Rs.) CP I-Sec Crisil 10 YearComposite Gift Index
IndexDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 33.8159 8.48% 9.79% 7.10%Jun 30, 2010 to Jun 30, 2011 32.8210 3.03% 4.87% 1.79%Jun 30, 2009 to Jun 30, 2010 32.6726 0.45% 4.49% 3.43%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 5.72% 7.30% 4.41%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 3.94% 6.36% 4.08%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 24.3460 8.54% 8.23% 6.45%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 17.0160 7.98% 7.59% 6.07%Since inception till Jun 29, 2012 10 10.49% N.A N.ACurrent Value of Standard Investment of Rs 10000Last 2 years 11177 11514 10901Last 3 years 11228 12031 11275Last 5 years 15068 14854 13672Last 10 years 21559 20792 18043Since inception (21.6.1999) 36684 N.A N.A
Templeton India Government Securities Fund (TGSF) - Growth - PF PlanNAV as at June 29, 2012: (Rs.) PF: 16.1127
NAV Per Unit (Rs.) PF I-Sec Crisil 10 YearComposite Gift Index
IndexDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 14.8528 8.48% 9.79% 7.10%Jun 30, 2010 to Jun 30, 2011 14.4158 3.03% 4.87% 1.79%Jun 30, 2009 to Jun 30, 2010 14.3507 0.45% 4.49% 3.43%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 5.72% 7.30% 4.41%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 3.94% 6.36% 4.08%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 10.6936 8.54% 8.23% 6.45%Since inception till Jun 29, 2012 10 6.03% 6.33% 4.18%Current Value of Standard Investment of Rs 10000Last 2 years 11177 11514 10901Last 3 years 11228 12031 11275Last 5 years 15068 14854 13672Since inception (7.5.2004) 16113 16492 13964
Templeton India Government Securities Fund (TGSF) - Growth - Treasury Plan (TP)NAV as at June 29, 2012: (Rs.) TP: 18.5846
NAV Per Unit (Rs.) TP I-Sec Si-BEX 1 year T-BillDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 17.2121 7.97% 9.30% 7.73%Jun 30, 2010 to Jun 30, 2011 16.4587 4.58% 4.25% 4.43%Jun 30, 2009 to Jun 30, 2010 15.9862 2.96% 5.49% 1.97%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 6.26% 6.74% 6.06%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.15% 6.32% 4.68%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 14.1711 5.57% 7.90% 5.52%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 10.3990 5.97% 7.00% 5.29%Since inception till Jun 29, 2012 10 6.15% N.A 5.31%Current Value of Standard Investment of Rs 10000Last 2 years 11292 11394 11250Last 3 years 11625 12020 11471Last 5 years 13114 14629 13088Last 10 years 17872 19680 16756Since inception (11.2.2002) 18585 N.A 17107
Templeton India Government Securities Fund (TGSF) - Growth - Long Term Plan (LT)NAV as at June 29, 2012: (Rs.) LT: 25.6963
NAV Per Unit (Rs.) LT I-Sec Li-BEX Crisil 10 YearGift Index
Discrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 23.5956 8.90% 9.72% 7.10%Jun 30, 2010 to Jun 30, 2011 22.9633 2.75% 5.40% 1.79%Jun 30, 2009 to Jun 30, 2010 22.7614 0.89% 3.96% 3.43%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 5.78% 7.54% 4.41%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 4.13% 6.33% 4.08%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 16.5939 9.13% 8.69% 6.45%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 10.69 9.16% 8.26% 6.07%Since inception till Jun 29, 2012 10 9.34% N.A 6.66%Current Value of Standard Investment of Rs 10000Last 2 years 11190 11564 10901Last 3 years 11289 12022 11275Last 5 years 15485 15176 13672
SCHEME PERFORMANCE
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Last 10 years 24038 22135 18043Since inception (7.12.2001) 25696 N.A 19769
Templeton Floating Rate Income Fund (TFIF) - Growth Option - RetailNAV as at June 29, 2012: (Rs.) Retail: 20.0497Fund Manager Pallab Roy, Sachin Padwal-Desai
NAV Per Unit (Rs.) Retail Crisil Liquid 1 year T-BillFund Index
Discrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 18.3062 9.52% 8.68% 7.73%Jun 30, 2010 to Jun 30, 2011 17.0426 7.41% 7.18% 4.43%Jun 30, 2009 to Jun 30, 2010 16.2166 5.09% 3.29% 1.97%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 8.46% 7.93% 6.06%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.33% 6.36% 4.68%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 13.7848 7.77% 6.84% 5.52%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 10.29 6.89% 6.07% 5.29%Since inception till Jun 29, 2012 10 6.93% N.A 5.31%Current Value of Standard Investment of Rs 10000Last 2 years 11764 11649 11250Last 3 years 12364 12032 11471Last 5 years 14545 13928 13088Last 10 years 19485 18036 16756Since inception (11.2.2002) 20050 N.A 17107
Templeton Floating Rate Income Fund (TFIF) - Growth Option - Institutional Plan (IP)NAV as at June 29, 2012: (Rs.) IP: 16.7232
NAV Per Unit (Rs.) IP Crisil Liquid 1 year T-BillFund Index
Discrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 15.2310 9.80% 8.68% 7.73%Jun 30, 2010 to Jun 30, 2011 14.1445 7.68% 7.18% 4.43%Jun 30, 2009 to Jun 30, 2010 13.4147 5.44% 3.29% 1.97%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 8.73% 7.93% 6.06%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.62% 6.36% 4.68%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 11.3004 8.15% 6.84% 5.52%Since inception till Jun 29, 2012 10 7.84% 6.74% 5.35%Current Value of Standard Investment of Rs 10000Last 2 years 11823 11649 11250Last 3 years 12466 12032 11471Last 5 years 14799 13928 13088Since inception (6.9.2005) 16723 15603 14267
Templeton Floating Rate Income Fund (TFIF) - Growth Option - Super Institutional Plan (SIP)NAV as at June 29, 2012: (Rs.) SIP: 15.2383
NAV Per Unit (Rs.) SIP Crisil Liquid 1 year T-BillFund Index
Discrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 13.8131 10.32% 8.68% 7.73%Jun 30, 2010 to Jun 30, 2011 12.7767 8.11% 7.18% 4.43%Jun 30, 2009 to Jun 30, 2010 12.0758 5.80% 3.29% 1.97%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 9.21% 7.93% 6.06%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.06% 6.36% 4.68%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 10.1223 8.52% 6.84% 5.52%Since inception till Jun 29, 2012 10 8.53% 6.89% 5.58%Current Value of Standard Investment of Rs 10000Last 2 years 11927 11649 11250Last 3 years 12619 12032 11471Last 5 years 15054 13928 13088Since inception (9.5.2007) 15238 14089 13221
Templeton India Short Term Income Plan (TISTIP) - Growth - RetailFund Manager Umesh Sharma, Sachin Padwal-DesaiNAV as at June 29, 2012: (Rs.) Retail: 2189.4411
NAV Per Unit (Rs.) Retail Crisil Short- 1 year T-BillTerm BondFund Index
Discrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 2002.0946 9.36% 8.81% 7.73%Jun 30, 2010 to Jun 30, 2011 1878.2807 6.59% 5.59% 4.43%Jun 30, 2009 to Jun 30, 2010 1729.2472 8.62% 4.85% 1.97%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 7.97% 7.19% 6.06%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.18% 6.40% 4.68%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 1404.9431 9.27% 7.49% 5.52%
Last 10 years (Jun 28, 2002 to Jun 29, 2012) 1034.51 7.78% 6.40% 5.29%
Since inception till Jun 29, 2012 1000 7.81% N.A 5.33%
Current Value of Standard Investment of Rs 10000
Last 2 years 11657 11489 11250
Last 3 years 12661 12047 11471
Last 5 years 15584 14353 13088
Last 5 years 21164 18606 16756
Since inception (31.1.2002) 21894 N.A 17184
Templeton India Short Term Income Plan (TISTIP) - Growth - Institutional Plan (IP)
NAV as at June 29, 2012: (Rs.) IP: 1764.1806NAV Per Unit (Rs.) IP Crisil Short- 1 year T-Bill
Term BondFund Index
Discrete 12 months performance
Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 1609.9361 9.58% 8.81% 7.73%
Jun 30, 2010 to Jun 30, 2011 1507.2582 6.81% 5.59% 4.43%
Jun 30, 2009 to Jun 30, 2010 1385.3021 8.80% 4.85% 1.97%
Compounded Annualised Growth Rate Performance
Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.19% 7.19% 6.06%
Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.39% 6.40% 4.68%
Last 5 years (Jun 29, 2007 to Jun 29, 2012) 1123.3784 9.44% 7.49% 5.52%
Since inception till Jun 29, 2012 1000 8.68% 6.94% 5.35%
Current Value of Standard Investment of Rs 10000
Last 2 years 11705 11489 11250
Last 3 years 12735 12047 11471
Last 5 years 15704 14353 13088
Since inception (6.9.2005) 17642 15799 14267
Templeton India Ultra Short Bond Fund (TIUBF) - Growth Option
NAV as at June 29, 2012: (Rs.) Regular: 14.0209; IP: 14.1487; SIP: 14.2692Fund Manager Pallab Roy, Sachin Padwal-Desai
Current Value ofDiscrete 12 months performance Compounded Annualised Standard Investment of
Growth Rate Performance Rs 10000
invested at the beginning
of the period
Mar 31, 2011 Mar 31, 2010 Mar 31, 2009 Last Last Since Last Last since
to Mar 30, 2012 to to 2 years 3 years inception 2 years 3 years inception
(Last 1 year) Mar 31, 2011 Mar 31, 2010 (Mar 31, (Mar 31, till Mar 30, on 18th
2010 to 2009 to 2012 Dec 2007
Mar 30, Mar 30,
2012) 2012)
Regular - NAV Per Unit (Rs.) 12.7780 11.8693 11.3577 10
Regular - Returns 9.73% 7.66% 4.50% 8.69% 7.27% 7.74% 11813 12345 14021
IP - NAV Per Unit (Rs.) 12.8688 11.9297 11.3927 10
IP - Returns 9.95% 7.87% 4.71% 8.90% 7.49% 7.95% 11860 12419 14149
SIP - NAV Per Unit (Rs.) 12.9505 11.9902 11.4276 10
SIP - Returns 10.18% 8.01% 4.92% 9.09% 7.68% 8.16% 11901 12487 14269
Crisil Liquid Fund Index 8.68% 7.18% 3.29% 7.93% 6.36% 6.91% 11649 12032 13541
1 year T-Bill 7.73% 4.43% 1.97% 6.06% 4.68% 5.53% 11250 11471 12762
Templeton India Children's Asset Plan - Growth Option - Educational Plan
Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Sachin Padwal-Desai, Umesh Sharma
NAV as at June 29, 2012: (Rs.) Education Plan: 34.4028NAV Per Unit (Rs.) Education Crisil MIP Crisil 10 Year
Plan Blended Index Gift Index
Discrete 12 months performance
Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 32.7683 4.99% 6.54% 7.10%
Jun 30, 2010 to Jun 30, 2011 31.2156 4.97% 5.03% 1.79%
Jun 30, 2009 to Jun 30, 2010 28.9421 7.86% 7.66% 3.43%
Compounded Annualised Growth Rate Performance
Last 2 years (Jun 30, 2010 to Jun 29, 2012) 4.98% 5.78% 4.41%
Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.93% 6.40% 4.08%
Last 5 years (Jun 29, 2007 to Jun 29, 2012) 26.4069 5.43% 7.01% 6.45%
Last 10 years (Jun 28, 2002 to Jun 29, 2012) 16.54 7.59% 7.80% 6.07%
Since inception till Jun 29, 2012 10 9.17% N.A N.A
Current Value of Standard Investment of Rs 10000
Last 2 years 11021 11190 10901
Last 3 years 11887 12047 11275
Last 5 years 13028 14039 13672
Last 10 years 20800 21214 18043
Since inception (5.6.1998) 34403 N.A N.A
SCHEME PERFORMANCE
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Templeton India Children's Asset Plan - Growth Option - Gift PlanNAV as at June 29, 2012: (Rs.) Gift Plan: 44.7741
NAV Per Unit (Rs.) Gift Plan Crisil Balanced S&P CNX NiftyFund Index
Discrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 44.6100 0.37% -0.99% -6.53%Jun 30, 2010 to Jun 30, 2011 42.1915 5.73% 6.04% 6.30%Jun 30, 2009 to Jun 30, 2010 34.8421 21.09% 17.34% 23.80%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 3.02% 2.47% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.72% 7.20% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 33.4021 6.03% 6.18% 4.09%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 16.54 10.46% 9.92% 17.42%Since inception till Jun 29, 2012 10 11.24% N.A 12.60%Current Value of Standard Investment of Rs 10000Last 2 years 10612 10499 9937Last 3 years 12851 12320 12302Last 5 years 13405 13502 12224Last 10 years 27070 25787 49905Since inception (5.6.1998) 44774 N.A 53134# Benchmark Index has been adjusted for the 10% S&P CNX Nifty + 90% Crisil Composite Bond Fund Index for the period March 28, 2002 to September 9, 2005
Templeton India Treasury Management Account (TITMA) - Growth Option - RetailNAV as at June 29, 2012: (Rs.) Retail: 2677.3852Fund Manager Pallab Roy, Sachin Padwal-Desai
NAV Per Unit (Rs.) Retail Crisil Liquid 1 year T-BillFund Index
Discrete 12 months performanceJun 22, 2012 to Jun 29, 2012 2672.8309 8.88% 8.31% 4.58%Jun 14, 2012 to Jun 29, 2012 2667.8036 8.74% 8.10% 1.62%May 31, 2012 to Jun 29, 2012 2658.5928 8.90% 7.46% 7.23%Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 2452.9077 9.15% 8.68% 7.73%Jun 30, 2010 to Jun 30, 2011 2290.1952 7.10% 7.18% 4.43%Jun 30, 2009 to Jun 30, 2010 2204.5901 3.88% 3.29% 1.97%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 8.12% 7.93% 6.06%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.69% 6.36% 4.68%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 1898.1954 7.11% 6.84% 5.52%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 1433.31 6.44% 6.07% 5.29%Since inception till Jun 29, 2012 1000 7.19% N.A 6.33%Current Value of Standard Investment of Rs 10000Last 2 years 11691 11649 11250Last 3 years 12145 12032 11471Last 5 years 14105 13928 13088Last 10 years 18680 18036 16756Since inception (29.4.1998) 26774 N.A 23871
Templeton India Treasury Management Account (TITMA) - Growth Option - Institutional Plan (IP)NAV as at June 29, 2012: (Rs.) IP: 1706.9233
NAV Per Unit (Rs.) IP Crisil Liquid 1 year T-BillFund Index
Discrete 12 months performanceJun 22, 2012 to Jun 29, 2012 1703.9390 9.13% 8.31% 4.58%Jun 14, 2012 to Jun 29, 2012 1700.6411 8.99% 8.10% 1.62%May 31, 2012 to Jun 29, 2012 1694.6071 9.15% 7.46% 7.23%Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 1559.9063 9.42% 8.68% 7.73%Jun 30, 2010 to Jun 30, 2011 1452.7942 7.37% 7.18% 4.43%Jun 30, 2009 to Jun 30, 2010 1394.9990 4.14% 3.29% 1.97%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 8.39% 7.93% 6.06%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.96% 6.36% 4.68%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 1195.16 7.38% 6.84% 5.52%Since inception till Jun 29, 2012 1000 6.89% 6.39% 5.22%Current Value of Standard Investment of Rs 10000Last 2 years 11749 11649 11250Last 3 years 12236 12032 11471Last 5 years 14282 13928 13088Since inception (22.6.2004) 17069 16438 15040
Templeton India Treasury Management Account (TITMA) - Growth Option - Super Institutional Plan (SIP)NAV as at June 29, 2012: (Rs.) SIP: 1635.9088
NAV Per Unit (Rs.) SIP Crisil Liquid 1 year T-BillFund Index
Discrete 12 months performanceJun 22, 2012 to Jun 29, 2012 1632.9321 9.51% 8.31% 4.58%Jun 14, 2012 to Jun 29, 2012 1629.6394 9.36% 8.10% 1.62%
May 31, 2012 to Jun 29, 2012 1623.6270 9.52% 7.46% 7.23%Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 1489.5091 9.83% 8.68% 7.73%Jun 30, 2010 to Jun 30, 2011 1383.0771 7.70% 7.18% 4.43%Jun 30, 2009 to Jun 30, 2010 1324.7632 4.40% 3.29% 1.97%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 8.76% 7.93% 6.06%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.29% 6.36% 4.68%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 1130.4625 7.66% 6.84% 5.52%Since inception till Jun 29, 2012 1000 7.48% 6.74% 5.36%Current Value of Standard Investment of Rs 10000Last 2 years 11828 11649 11250Last 3 years 12349 12032 11471Last 5 years 14471 13928 13088Since inception (2.9.2005) 16359 15611 14284
Templeton India Cash Management Account (TICMA) - Growth OptionFund Manager Pallab Roy, Umesh SharmaNAV as at June 29, 2012: (Rs.) 18.1636
NAV Per Unit (Rs.) TICMA Crisil Liquid 1 year T-BillFund Index
Discrete 12 months performanceJun 22, 2012 to Jun 29, 2012 18.1402 6.73% 8.31% 4.58%Jun 14, 2012 to Jun 29, 2012 18.1129 6.81% 8.10% 1.62%May 31, 2012 to Jun 29, 2012 18.0638 6.95% 7.46% 7.23%Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 16.9201 7.35% 8.68% 7.73%Jun 30, 2010 to Jun 30, 2011 16.0220 5.61% 7.18% 4.43%Jun 30, 2009 to Jun 30, 2010 15.6313 2.50% 3.29% 1.97%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 6.47% 7.93% 6.06%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.13% 6.36% 4.68%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 13.8670 5.54% 6.84% 5.52%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 10.8472 5.28% 6.07% 5.29%Since inception till Jun 29, 2012 10 5.48% N.A 5.68%Current Value of Standard Investment of Rs 10000Last 2 years 11337 11649 11250Last 3 years 11620 12032 11471Last 5 years 13098 13928 13088Last 10 years 16745 18036 16756Since inception (23.4.2001) 18164 N.A 18560
Franklin Templeton Fixed Tenure Fund - (FTFTF IX B) - Growth OptionNAV as at June 29, 2012: (Rs.) 13.0282Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy
NAV Per Unit (Rs.) FTFTF IX B - Benchmark * Crisil 10 Year5 Year Gift Index
Discrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 12.4987 4.24% 4.86% 7.10%Jun 30, 2010 to Jun 30, 2011 12.0141 4.03% 4.56% 1.79%Jun 30, 2009 to Jun 30, 2010 10.8377 10.85% 10.10% 3.43%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 4.13% 4.71% 4.41%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.33% 6.48% 4.08%Since inception till Jun 29, 2012 10 6.65% 5.88% 5.93%Current Value of Standard Investment of Rs 10000Last 2 years 10844 10964 10901Last 3 years 12021 12072 11275Since inception (21.5.2008) 13028 12649 12671*25% S&P CNX 500 + 65% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index
Franklin Templeton Fixed Tenure Fund - (FTFTF X C) - Growth OptionNAV as at June 29, 2012: (Rs.) 13.5024Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy
NAV Per Unit (Rs.) FTFTF X C - Benchmark * Crisil 10 Year5 Year Gift Index
Discrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 12.9926 3.92% 4.86% 7.10%Jun 30, 2010 to Jun 30, 2011 12.5247 3.74% 4.56% 1.79%Jun 30, 2009 to Jun 30, 2010 11.1715 12.11% 10.10% 3.43%Compounded Annualised Growth Rate PerformanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 3.83% 4.71% 4.41%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.52% 6.48% 4.08%Since inception till Jun 29, 2012 10 8.04% 7.16% 7.43%Current Value of Standard Investment of Rs 10000Last 2 years 10781 10964 10901
SCHEME PERFORMANCE
www.franklintempletonindia.com Franklin Templeton Investments 34
Last 3 years 12086 12072 11275
Since inception (11.8.2008) 13502 13080 13211
*25% S&P CNX 500 + 65% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index
Franklin Templeton Fixed Tenure Fund - (FTFTF X D) - Growth Option
NAV as at June 29, 2012: (Rs.) 13.6715
Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab RoyNAV Per Unit (Rs.) FTFTF X D - Benchmark * Crisil 10 Year
5 Year Gift Index
Discrete 12 months performance
Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 13.1103 4.28% 4.86% 7.10%
Jun 30, 2010 to Jun 30, 2011 12.6606 3.55% 4.56% 1.79%
Jun 30, 2009 to Jun 30, 2010 11.5215 9.89% 10.10% 3.43%
Compounded Annualised Growth Rate Performance
Last 2 years (Jun 30, 2010 to Jun 29, 2012) 3.92% 4.71% 4.41%
Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.87% 6.48% 4.08%
Since inception till Jun 29, 2012 10 8.70% 8.69% 6.86%
Current Value of Standard Investment of Rs 10000
Last 2 years 10798 10964 10901
Last 3 years 11866 12072 11275
Since inception (29.9.2008) 13672 13669 12825
*25% S&P CNX 500 + 65% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index
Franklin Templeton Fixed Tenure Fund (FTFTF XII A) - Growth Option
NAV as at June 29, 2012: (Rs.) 11.4688
Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab RoyNAV Per Unit (Rs.) FTFTF XII A - Benchmark * Crisil 10 Year
5 Year Gift Index
Discrete 12 months performance
Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.8996 5.22% 5.64% 7.10%
Jun 30, 2010 to Jun 30, 2011 10.5518 3.30% 4.63% 1.79%
Compounded Annualised Growth Rate Performance
Last 2 years (Jun 30, 2010 to Jun 29, 2012) 4.25% 5.14% 4.41%
Since inception till Jun 29, 2012 10 5.19% 5.66% 5.07%
Current Value of Standard Investment of Rs 10000
Last 2 years 10869 11053 10901
Since inception (15.10.2009) 11469 11607 11432
*20% S&P CNX 500 + 70% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index
Franklin Templeton Fixed Tenure Fund - Series XII - Plan A (FTFTF XII A) - Growth Option
NAV as at June 29, 2012: (Rs.) 11.1615
Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab RoyNAV Per Unit (Rs.) FTFTF XII A - Benchmark * Crisil 10 Year
3 Year Gift Index
Discrete 12 months performance
Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.6027 5.27% 5.64% 7.10%
Jun 30, 2010 to Jun 30, 2011 10.2619 3.32% 4.63% 1.79%
Compounded Annualised Growth Rate Performance
Last 2 years (Jun 30, 2010 to Jun 29, 2012) 4.29% 5.14% 4.41%
Since inception till Jun 29, 2012 10 4.68% 5.69% 4.38%
Current Value of Standard Investment of Rs 10000
Last 2 years 10877 11053 10901
Since inception (4.2.2010) 11162 11421 11084
*20% S&P CNX 500 + 70% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index
Franklin Templeton Fixed Tenure Fund - Series XII - Plan B (FTFTF XII B) - Growth Option
NAV as at June 29, 2012: (Rs.) 11.3237
Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab RoyNAV Per Unit (Rs.) FTFTF XII B - Benchmark * Crisil 10 Year
3 Year Gift Index
Discrete 12 months performance
Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.7499 5.34% 5.64% 7.10%
Jun 30, 2010 to Jun 30, 2011 10.4142 3.22% 4.63% 1.79%
Compounded Annualised Growth Rate Performance
Last 2 years (Jun 30, 2010 to Jun 29, 2012) 4.28% 5.14% 4.41%
Since inception till Jun 29, 2012 10 4.86% 5.47% 4.75%
Current Value of Standard Investment of Rs 10000
Last 2 years 10873 11053 10901
Since inception (16.11.2009) 11324 11498 11291
*20% S&P CNX 500 + 70% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index
Franklin Templeton Fixed Tenure Fund - Series XIII - Plan C (FTFTF XIII C) - Growth Option
NAV as at June 29, 2012: (Rs.) 10.9240
Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab RoyNAV Per Unit (Rs.) FTFTF XIII C - Benchmark * Crisil 10 Year
5 Year Gift Index
Discrete 12 months performance
Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.4600 4.44% 4.86% 7.10%
Jun 30, 2010 to Jun 30, 2011 10.1670 2.88% 4.56% 1.79%
Compounded Annualised Growth Rate Performance
Last 2 years (Jun 30, 2010 to Jun 29, 2012) 3.66% 4.71% 4.41%
Since inception till Jun 29, 2012 10 4.13% 4.82% 5.22%
Current Value of Standard Investment of Rs 10000
Last 2 years 10745 10964 10901
Since inception (23.4.2010) 10924 11085 11176
*25% S&P CNX 500 + 65% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index
Franklin Templeton Fixed Tenure Fund Series XIV - Plan A (FTFTF XIV A) - Growth Option
NAV as at June 29, 2012: (Rs.) 10.7832
Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab RoyNAV Per Unit (Rs.) FTFTF XII C - Benchmark * Crisil 10 Year
3 Year Gift Index
Discrete 12 months performance
Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.2583 5.12% 5.64% 7.10%
Compounded Annualised Growth Rate Performance
Since inception from 21.7.2010 till Jun 29, 2012 10 3.96% 5.05% 4.80%
Current Value of Standard Investment of Rs 10000 since inception 10783 11004 10954
*20% S&P CNX 500 + 70% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index
Franklin Templeton Fixed Tenure Fund - Series XIV - Plan A (FTFTF XIV B) - Growth Option
NAV as at June 29, 2012: (Rs.) 10.7623
Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab RoyNAV Per Unit (Rs.) FTFTF XIV A - Benchmark * Crisil 10 Year
3 Year Gift Index
Discrete 12 months performance
Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.1965 5.55% 5.64% 7.10%
Compounded Annualised Growth Rate Performance
Since inception from 6.10.2010 till Jun 29, 2012 10 4.33% 3.75% 5.39%
Current Value of Standard Investment of Rs 10000 since inception 10762 10658 10951
*20% S&P CNX 500 + 70% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index
Franklin Templeton Fixed Tenure Fund - Series XV - Plan B (FTFTF XV ) - Growth Option
NAV as at June 29, 2012: (Rs.) 10.8929
Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab RoyNAV Per Unit (Rs.) FTFTF XV - Benchmark * Crisil 10 Year
3 Year Gift Index
Discrete 12 months performance
Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.3320 5.43% 5.64% 7.10%
Compounded Annualised Growth Rate Performance
Since inception from 7.2.2011 till Jun 29, 2012 10 6.34% 6.38% 6.11%
Current Value of Standard Investment of Rs 10000 since inception 10893 10898 10860
*20% S&P CNX 500 + 70% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index
Past performance may or may not be sustained in the future.
Returns greater than 1 year period are compounded annualized
Performance of close-ended funds are not strictly comparable with that of open-ended
schemes since its investment strategy is primarily buy-and-hold whereas opened-ended
schemes are actively managed
Given the asset allocation, hybrid fund performance are not comparable with pure
equity/debt fund performance and that of Additional Benchmarks
For liquid funds, the less than 1 year returns are simple annualised
Performance of dividend plan/option would be net of distribution tax
Load has not been taken into consideration. Dividends assumed to be reinvested and Bonus
is adjusted.
SCHEME PERFORMANCE
FIPF
Date FIPF S&P CNX 500 S&P CNX Nifty
Inception 1-Dec-93 N.A N.A N.A
Initial Rise 12-Sep-94 103.30% 36.24% 37.40%
Fall 04-Dec-96 -53.91% -53.87% -43.09%
Rise 05-Aug-97 20.38% 58.98% 61.54%
Fall 20-Oct-98 -5.59% -33.87% -36.48%
Tech rally peak 11-Feb-00 261.41% 176.49% 117.14%
11/9 impact 21-Sep-01 -63.78% -64.60% -51.36%
Recovery 14-Jan-04 488.45% 197.02% 132.05%
India Re-rating 10-May-06 157.82% 97.93% 89.40%
Precrisis Peak 08-Jan-08 48.80% 70.16% 67.49%
Fall after peak 09-Mar-09 -69.23% -63.98% -59.08%
Market Peak 09-Nov-10 227.86% 164.30% 144.90%
Current 29-Jun-12 -16.62% -19.77% -16.23%
Returns since inception# 29-Jun-12 19.27% 8.97% 9.32%
FIT
Date FIT S&P CNX 500 S&P CNX Nifty
Inception 10-Apr-99
Tech rally peak 11-Feb-00 229.20% 122.09% 76.77%
11/9 impact 21-Sep-01 -50.39% -64.60% -51.36%
Recovery 14-Jan-04 226.94% 197.02% 132.05%
India Re-rating 10-May-06 142.37% 97.93% 89.40%
Precrisis Peak 08-Jan-08 52.48% 70.16% 67.49%
Fall after peak 09-Mar-09 -56.82% -63.98% -59.08%
Market Peak 09-Nov-10 164.30% 164.30% 144.90%
Current 29-Jun-12 -6.29% -19.77% -16.23%
Returns since inception# 29-Jun-12 25.92% 14.51% 13.46%
FIFCF
Date FIFCF CNX Midcap S&P CNX Nifty
Inception 02-Mar-05
India Re-rating 10-May-06 100.60% 75.80% 79.35%
Precrisis Peak 08-Jan-08 57.17% 70.16% 67.49%
Fall after peak 09-Mar-09 -60.59% -63.98% -59.08%
Market Peak 09-Nov-10 194.89% 164.30% 144.90%
Current 29-Jun-12 -17.85% -19.77% -16.23%
Returns since inception# 29-Jun-12 16.22% 11.93% 13.45%
FISCF
Date FISCF CNX Midcap S&P CNX Nifty
Inception 13-Jan-06 N.A N.A N.A
India Re-rating 10-May-06 15.00% 26.36% 31.70%
Precrisis Peak 08-Jan-08 48.59% 76.94% 67.49%
Fall after peak 09-Mar-09 -70.33% -68.81% -59.08%
Market Peak 09-Nov-10 225.75% 232.01% 144.90%
Current 29-Jun-12 -18.11% -24.62% -16.23%
Returns since inception# 29-Jun-12 4.78% 9.00% 10.00%
FIF
Date FIF BSE IT S&P CNX Nifty
Inception 22-Aug-98 N.A N.A N.A
Fall 20-Oct-98 -5.00% N.A -5.46%
Tech rally peak 11-Feb-00 873.82% N.A 117.14%
11/9 impact 21-Sep-01 -83.85% -86.88% -51.36%
Recovery 14-Jan-04 178.58% 146.47% 132.05%
India Re-rating 10-May-06 107.69% 96.72% 89.40%
Precrisis Peak 08-Jan-08 0.47% 2.56% 67.49%
Fall after peak 09-Mar-09 -50.61% -52.29% -59.08%
Market Peak 09-Nov-10 207.55% 204.66% 144.90%
Current 29-Jun-12 -5.33% -6.57% -16.23%
Returns since inception# 29-Jun-12 19.98% N.A 14.03%
FTDPEFDate FTDPEF BSE Sensex Crisil Balanced Additional
Fund Index Benchmark
Inception 31-Oct-03 N.A N.A N.A Not Applicable
Initial Rise 14-Jan-04 24.97% 26.23% 16.16% Not Applicable
India Re-rating 10-May-06 80.82% 103.62% 53.57% Not Applicable
Precrisis Peak 08-Jan-08 41.62% 65.50% 46.59% Not Applicable
Fall after peak 09-Mar-09 -34.82% -60.91% -40.81% Not Applicable
Market Peak 09-Nov-10 93.98% 156.51% 86.58% Not Applicable
Current 29-Jun-12 3.18% -16.73% -6.54% Not Applicable
Returns since inception# 29-Jun-12 17.92% 15.75% 12.13% Not Applicable
FIHGCF
Date FIHGCF S&P CNX 500 S&P CNX Nifty
Inception 26-Jul-07 N.A N.A N.A
Precrisis Peak 08-Jan-08 43.91% 41.86% 36.11%
Fall after peak 09-Mar-09 -67.20% -63.98% -59.08%
Market Peak 09-Nov-10 214.70% 164.30% 144.90%
Current 29-Jun-12 -19.60% -19.77% -16.23%
Returns since inception# 29-Jun-12 3.67% 1.64% 2.74%
FBIF
Date FBIF S&P CNX 500 S&P CNX Nifty
Inception 04-Sep-09 N.A N.A N.A
Market Peak 09-Nov-10 36.78% 35.45% 34.64%
Current 29-Jun-12 -17.44% -19.77% -16.23%
Returns since inception# 29-Jun-12 4.41% 2.99% 4.36%
FTIBFDate FTIBF Crisil Balanced S&P CNX Nifty
Fund Index
Inception 10-Dec-99 N.A N.A N.A
Tech rally peak 11-Feb-00 12.40% N.A 21.97%
11/9 impact 21-Sep-01 -40.84% N.A -51.36%
Recovery 14-Jan-04 155.79% N.A 132.05%
India Re-rating 10-May-06 81.13% 53.57% 89.40%
Precrisis Peak 08-Jan-08 51.70% 46.59% 67.49%
Fall after peak 09-Mar-09 -43.59% -40.81% -59.08%
Market Peak 09-Nov-10 96.01% 86.58% 144.90%
Current 29-Jun-12 -5.09% -6.54% -16.23%
Returns since inception# 29-Jun-12 13.50% N.A 10.90%
FTLF
Date FTLF - Benchmark* FTLF - Benchmark* FTLF - Benchmark* AdditionalThe 20s The 30s The 40s Benchmark
Plan Plan Plan
11/9 impact 01-Dec-03 N.A N.A N.A N.A N.A N.A N.A
Recovery 14-Jan-04 17.73% 16.77% 12.59% 11.93% 8.16% 8.22% N.A
India Re-rating 10-May-06 89.79% 79.48% 57.71% 53.18% 37.97% 34.10% N.A
Precrisis Peak 08-Jan-08 42.99% 54.32% 31.47% 39.82% 23.93% 28.94% N.A
Fall after peak 09-Mar-09 -46.62% -51.85% -32.71% -37.17% -24.10% -23.19% N.A
Market Peak 09-Nov-10 130.24% 119.23% 83.22% 77.61% 69.54% 49.45% N.A
Current 29-Jun-12 -6.30% -11.59% 0.67% -4.28% 3.22% 1.53% N.A
Returns since
inception# 29-Jun-12 16.39% 13.74% 13.20% 11.58% 11.04% 9.51% N.A
* Benchmark: The 20s Plan - 65% BSE Sensex + 15% S&P CNX 500 + 20% Crisil Composite Bond Fund Index; The 30s Plan
- 45%BSE Sensex + 10%S&P CNX 500 + 45%Crisil Composite Bond Fund Index; The 40s Plan - 25%BSE Sensex + 10%S&P
CNX 500 + 65% Crisil Composite Bond Fund Index;
Market Resilience for other funds managed by K.N. Sivasubramanian, Anand Radhakrishnan, R Janakiraman and Anand Vasudevan
TICAP - GiftDate TICAP - Gift Crisil Balanced S&P CNX Nifty
Fund Index*Inception 05-Jun-98 N.A N.A N.AFall 20-Oct-98 4.20% N.A -18.60%Tech rally peak 11-Feb-00 16.89% N.A 117.14%11/9 impact 21-Sep-01 22.25% N.A -51.36%Recovery 14-Jan-04 30.32% N.A 132.05%India Re-rating 10-May-06 46.45% 37.79% 89.40%Precrisis Peak 08-Jan-08 44.69% 46.59% 67.49%Fall after peak 09-Mar-09 -42.94% -40.81% -59.08%Market Peak 09-Nov-10 98.65% 86.58% 144.90%Current 29-Jun-12 -3.94% -6.54% -16.23%Returns since inception# 29-Jun-12 11.24% N.A 12.60%
* Benchmark Index has been adjusted for the 10% S&P CNX Nifty + 90% Crisil Composite Bond Fund Index for the period
March 28, 2002 to September 9, 2005.
Monetary Tightening Monetary Easing31.3.04-29.8.08 31.12.09-29.6.12 28.3.02-31.3.04 29.8.08-31.12.09
TIPP 12.28 5.77 23.31 10.7540% S&P CNX 500 + 60%Crisil Composite Bond Fund Index 11.37 3.71 20.78 15.13FTIMIP 8.42 5.65 14.42 11.29Crisil MIP Blended Index 6.41 5.85 12.49 11.06TICAP - Education 7.85 5.08 9.29 8.28Crisil MIP Blended Index * 6.09 5.85 11.52 11.06CRISIL 10 Year Gilt Index 1.80 4.19 14.56 12.63
* Benchmark Index has been adjusted for the 10% S&P CNX Nifty + 90% Crisil Composite Bond Fund Index forthe period March 28, 2002 to September 9, 2005.
Monetary Tightening Monetary Easing31.3.04-29.8.08 31.12.09-29.6.12 28.3.02-31.3.04 29.8.08-31.12.09
FLTF - The 50s plus Plan 7.34 5.99 N.A 15.70
20% BSE Sensex+ 80%
Crisil Composite Bond Fund Index 7.73 5.49 N.A 11.60
FTLF - The 50s plus
Floating Rate Plan N.A 6.34 N.A 12.25
20% BSE Sensex +
80% Crisil Liquid Fund Index. N.A 5.96 N.A 9.23
Additional Benchmark Not Applicable Not Applicable Not Applicable Not Applicable
Past performance may or may not be sustained in future.
#Compounded and annualised. Dividends declared are assumed to be reinvested and
bonus is adjusted.
Performance of debt securities is dependent on different factors compared to equity.
Hence, the resilience of debt funds should be seen in the light of the debt market cycles
and it is not comparable with the equity market cycles.
The resilience of closed end funds is not given due to the limited period of their existence.