Franklin India Multi Cap Fund NFO: Review, Opening Date & NAV

Introduction

If you’re already a key player or new to the world of NFOs, you've come to the correct spot to learn about the latest trends, insights, and news influencing this dynamic market. We are today at Franklin India Multi Cap Fund-NFO Blog committed to giving you insightful knowledge, Financial attributes, past performance if any, etc. on this NFO. 

 

Everything You Need To Know About Franklin India Multi Cap Fund NFO

The Franklin India Multi Cap Fund NFO by Franklin Templeton Mutual Fund is an open-ended fund that invests in small, midsize, and large-cap stocks. The lowest investment required to join is Rs.5000 for investors and in multiple of Rs.1 thereof. The Scheme’s investments will mostly be made Equity Securities, Debt Securities, and Money Market instruments. The Scheme is suitable for such investors who seek a Long-term generation of wealth and are looking to invest in equities and equity-related securities across Large Cap, Mid Cap, and Small Cap Stocks. The Scheme has a 1% Exit Load if redeemed within a year.

To learn about the fund's asset allocation, and other financial characteristics that influence decision-making, carefully read this blog.

 

 

Franklin India Multi Cap Fund - NFO Overview

The investment period for the Scheme is set for July 08, 2024, to July 22, 2024. The Scheme is a very high-risk Scheme. There is no assurance that the Scheme's investment goal will be met. The Scheme will allocate 75–100% of its investment capital to Equity and Equity related Securities of Large Cap, Mid Cap and Small Cap (25% each) and the remaining portion will be allocated to Debt & Money Market Instruments, cash & cash equivalent (25 to 0%). Since this Scheme is a new Scheme so no past performance record is available. 

 

Fund Overview

Start Date	08 July 2024
End Date	22 July 2024
Allotment Date / Subscription Date	31 July
VRO Rating	-
Expense Ratio	NA
Exit Load	1% Exit Load if redeemed within 365 days.
AUM	63,252.74 Cr as of 30 Jun 2024.
Lock-In	NA
Stamp Duty	0.005% (From July 1st 2020)
Benchmark	Nifty 500 Multi Cap 50:25:25 Total Returns Index
Min. Investment	Rs.5000 and in multiples of Rs.1
Risk	Very High
Short-Term Capital Gains (STCG)	For less than 1 year, 15%.
Long-Term Capital Gains (LTCG)	After 1 year, 10% on returns of Rs.1 lakh+ in a financial year

 

 

How To Invest In The NFO After The Allotment Date?

If you have missed participating in the NFO and now want to invest in the same on a continuous basis, then on 31 July after the post-closure date of the NFO; you will have the option to participate and invest directly with the Mutual Fund by logging on to your demat account and search for “Franklin India Multi Cap Fund- NFO” on Nifty 500 Multi Cap 50:25:25 Total Returns Index by spending 5000 Rs. and in multiple of Rs.1 thereafter.

To open your Demat account, Click Here.

 

The Objective Of The Fund

The Scheme intends to invest in a portfolio of equities and equity-related securities of large cap, midcap, and small cap companies to achieve long-term financial appreciation.. Nevertheless, there can be no promise or guarantee that the Scheme's investment goal will be met.

Asset allocation (% of Net Assets) Of The Scheme's Portfolio Will Be As Follows:

Types of Instruments	Min Allocation (% of Net Assets)	Max Allocation (% of Net Assets)
Equities and Equity-related Securities of Large Cap, Mid Cap, and Small Cap companies	75	100
Large Cap	25	50
Mid Cap	25	50
Small Cap	25	50
Debt & Money Market Instruments, cash & cash equivalent	0	25
Units issued by REITs and InvITs	0	10

 

 

Peers Of Franklin India Multi Cap Fund

Multi Cap Funds	1Y Return	AUM (Cr)
Sundaram Multi Cap Fund	44.14%	2566.74
Baroda BNP Paribas Multi Cap Plan A	49.35%	2458.87
Invesco India Multi Cap	46.51%	3359.12
Nippon India Multi Cap	53.91 %	31963.02
Quant Active Fund	54.55%	10204.01

 

Risk Factors In This Scheme

• Corporate performance, macroeconomic variables, governmental policy changes, general interest rate levels, and the risk related with trading volumes, liquidity, and settlement systems in the securities markets can all have an impact on the scheme's success.

• Investments in equities and equity-related instruments may have less liquidity due to factors like prices, trading volumes, settlement times, and transfer policies. An equity investment carries an inherent risk (market risk).

• Changes in the overall level of interest rates will have an impact on the NAV of the Scheme, to the extent that they are invested in debt and money market instruments. A decrease in interest rates is anticipated to boost the NAV of the Scheme, whilst an increase in interest rates would have the opposite effect.

• Changes in government policy in general and changes in tax benefits applicable to Mutual Funds may impact the returns to investors in the Scheme as the Scheme would invest in a variety of fixed income instruments that involve varying degrees and kinds of risk. As a result, the risk associated with the Scheme may rise or fall based on its investment strategy. For example, Government Securities are less risky than business bonds.

 

Past Performance Of Multi Cap Funds

Multi Cap Funds	NAV (Rs.)	Annualized Return (1Y)	Return/Risk
LIC MF Multi Cap Fund Direct - Growth	17.13	65.56%	Performing Poorly
Axis Multicap Fund Direct-Growth	17.58	61.90	Performing Poorly
Kotak Multicap Fund Direct - Growth	19.55	59.99%	Performing Poorly
Nippon India Multi Cap Fund Direct-Growth	319.64	59.88%	Performing Poorly

 

 

Franklin India Multi Cap Fund NFO - Who Can Invest?

This fund is ideal for you if you are looking for a Long-term generation of wealth and A fund with a focus on Large Cap, Mid Cap, and Small Cap Equities that invests mostly in Equity and Equity related Securities.

Franklin India Multi Cap Fund NFO - Growth Fund Managers

• R. Janakiraman 

• Kiran Sebastian 

• Akhil Kalluri 

• Sandeep Manam
  
  

Conclusion

The Scheme comes under a very high-risk category and it plans to invest in Equity and Equity securities and in money market instruments. There is no guarantee that the goals of this Scheme will be achieved. The company has no previous performance record. Research well according to your objectives, and the time horizon of your investment. 

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.