Franklin India Index Fund- NSE Nifty 50 Index Fund - Growth

Franklin India Index Fund- NSE Nifty 50 Index Fund - Growth is a fund scheme from Franklin mutual fund. It falls under a Index Fund category. After being launched on 04-08-2000. Franklin India Index Fund- NSE Nifty 50 Index Fund - Growth has achieved Rs 703.56 Crores worth of assets under management (AUM). It allows minimum SIP of Rs 500 and lumpsum of Rs 5000 to start the investment. The expense ratio of this fund is 0.63%.

• Investing Strategy:

  The open end index linked growth scheme with the objective to invest in companies whose securities are included in the Nifty and subject to tracking errors, endeavouring to attain results commensurate with CNX Nifty Index under NSE Nifty Plan, and to provide returns that, before expenses, closely correspond to the total return of common stocks as represented by the S&P BSE Sensex under S&P BSE Sensex Plan

• Performance:

  Franklin India Index Fund- NSE Nifty 50 Index Fund - Growth trailing returns over different times are 21.33% (1 year), 13.01% (3 year), 15.45% (5 year). The average annual return of this fund stands at 21.33%

• Fund Manager & Portfolio Allocation:

  Varun Sharma, Sandeep Manam are the current fund managers of this mutual fund. The fund has a majority of its money invested in the top 5 sectors such as Banks, IT - Software, Petroleum Products, Automobiles, Diversified FMCG Sectors. First five holdings of this fund are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, ITC Ltd Companies.