Franklin India Multi-Asset Solution Fund is a strategic fund which follows a solution-oriented investment method in order to utilize investments to the best of their ability. Astute planning is key to the success of this fund which aims to diversify the investment portfolio of an individual, offering multiple financial solutions to suit different investment styles and needs,
Type or nature of fund
Franklin India Multi-Asset Solution Fund is an open ended funds of funds scheme.
Investment objective
The primary objective of Franklin India Multi-Asset Solution Fund is to attain diversification and capital appreciation of funds by utilizing strategic techniques to invest in funds which further invest in different asset products .
Fund information
| Inception date | November 28, 2014 |
| CRISIL rank | Not ranked by CRISIL |
| Schemes |
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| Entry load | Nil |
| Exit load | 1% for redemptions within 3 years of allotment |
| Minimum investment | Rs 5,000 |
| Product label – Risk and target investors |
High Risk product designed for investors looking for long term capital appreciation through investments in diversified asset classes. |
|
Benchmark |
CRISIL Balanced Fund Index
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SIP (Systematic Investment Plan) |
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SWP (Systematic Withdrawal Plan) |
Yes. Investors should maintain a minimum account balance of Rs 25,000 in order to choose between a monthly or quarterly mode with either a fixed or capital appreciation option. |
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STP (Systematic Transfer Plan) |
Yes, all redeemed units should be reinvested in another scheme. |
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Redemption |
Minimum Redemption Amount – Rs 1,000. |
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Taxation (on investment and on redemption) |
Investors should consult a tax expert/adviser to know the specific tax implications related to their participation in this mutual fund. |
Fund managers
Franklin India Multi-Asset Solution Fund is managed by Mr. Anand Radhakrishnan.
Mr. Anand Radhakrishnan
Designation and Work- Mr. Radhakrishnan is the Chief Investment Officer at Franklin Templeton India and is in charge of multiple funds including Franklin Infotech Fund, Franklin India Bluechip Fund, Franklin India Taxshield, Franklin India Prima Plus, among many more.
- Mr. Radhakrishnan has over 2 decades of experience in Investment, having worked with different top rated organisations before joining Franklin Templeton.
- Mr. Radhakrishnan holds a PGDM from IIM, Ahmedabad and a Btech degree. He is also a CFA Charterholder.
Investment philosophy or strategy
Franklin India Multi-asset Solution Fund is a fund which depends on expert strategy to decide its investments. A tactical approach to optimise allocation based on research makes this fund unique. This fund invests across the spectrum, right from gold ETFs to fixed income and liquid products, in a bid to diversify its portfolio and reduce the risk factor involved. The allocation for each investment is a decision based on factors like economic valuation and momentum.
Portfolio
|
Company |
Instrument |
Percentage |
|
Franklin India Short-term Income plan |
Mutual Funds |
40.72 |
|
Franklin India Bluechip Fund |
Mutual Funds |
36.77 |
|
Goldman Sachs Gold ETF |
Gold ETF |
20.42 |
Risk measures
Franklin India Multi-Asset Solution Fund is under a year old and the risk measures of this fund aren't available yet.
Performance
|
AUM |
Rs 128.49 crores (as of May 29, 2015) |
|
NAV (as of 08/09/2015) |
Growth Plan – 10.03 Dividend Plan – 10.03 Direct Dividend Plan - 10.17 Direct Growth Plan – 10.17 |
Returns
Franklin India Multi-Asset Solution Fund has been in force for less than a year and there are no figures for its performance yet.
Expense Ratio
The current expense ratio of Franklin India Multi-Asset Solution Fund is 1.83% for regular and 1.10% for direct (As of July 31, 2015).
Expert view of the fund
Franklin India Multi-Asset Solution Fund aims to be a strategic and tactical player in the mutual funds scene, offering the promise of high returns at an equally high risk quotient. The fund is still in its infancy, having been around for less than a year and hasn't truly ruffled any feathers yet. A change in strategy was perhaps visible when Mr. Radhakrishnan was appointed the new fund manager. The fund invests in other funds which makes its performance linked to how well they perform, a high risk strategy indeed. One could adopt a wait and watch policy before jumping into this fund, to see if it actually lives up to its promise.
How to apply
Individuals looking to invest in Franklin India Multi-Asset Solution Fund should first register themselves, which can be done through both the online and offline platforms. Online registration can be done by logging on to the official website of Franklin Templeton India and following the steps mentioned there. One needs to provide information like his/her email id, PAN details, Bank details and mobile number in order to successfully register.
Offline registration can be done through authorised branches by filling out an application (KYC) form and submitting it to the relevant authority.
