India is projected to be the 3rd largest economy in the world by 20301 and we believe there is a high correlation between economic growth and earnings growth in India.
The fund aims to achieve long-term capital growth by principally investing in companies of any size, located or predominantly performing business in India. Our large and well-established India-based investment team seeks to build a diversified, high-conviction portfolio by choosing stocks for their quality and sustainable growth characteristics.
The fund delivers strong and consistent performance relative to benchmark and peers.
We follow the same investment philosophy that was established over 30 years ago. Our proven approach to research is focused on the fundamental analysis of individual companies.
We are the oldest foreign mutual fund company in India, with a strong local presence since 1993.
This presence allows us to offer unparalleled insights into local market conditions.
India is the 5th largest economy in the world and one of the fastest-growing major markets2.
Sources: Morningstar and FE Analytics as of 31/12/2023. All performance data shown is in the Fund currency stated and net of management fees. Sales charges and other commissions, taxes and other relevant costs paid by the investor are not included in the calculations. Past performance is no guarantee of future results. Full rolling 10-year fund performance can be found here.
Consistent philosophy and disciplined approach over three decades has enabled us to generate consistent above benchmark performance over the medium to long term.
Quality and sustainable growth at reasonable valuations: bottom-up fundamental analysis based on internal research. We aim to identify companies that combine quality and sustainable growth characteristics at reasonable valuations.
Global integration: collaboration within Franklin Templeton’s global emerging markets platform builds deeper sector insights, enriching the India team’s bottom-up research and insights.
Stewardship: proprietary ESG analysis integrated throughout the process*.
*ESG Factors are considered in the management team’s analysis. However, this strategy does not have an ESG mandate.
Consumer names with strong brands able to capture an increasing market share of growing incomes and discretionary spending.
Infrastructure-related plays aiming to benefit from the Indian government’s infrastructure policies.
Tech enablers leveraging structural trends of digitalisation and disruption in the new economy. Our local presence and dedicated internet resource allows us to uncover early opportunities in this rapidly evolving space.
Private-sector banks with strong balance sheets, brands and digital capabilities.
We are one of the largest domestic investment teams in India. It comprises of 17 portfolio managers and research analysts with 17 years of average industry experience. Our local presence and sector specialists allow us to uncover early or overlooked opportunities in the India equity universe.
We seek companies that are well managed and have an ability to position for the future through a clear strategic vision. So, management quality is a key investment criteria for us."
SMD, Director of Portfolio Management
Focus Area: Asia
32 years of experience
Vice President, Portfolio Advisory Services
15 years of experience
Vice President
Head of Research
16 years of experience
* Lead portfolio manager who has ultimate decision-making authority for the Franklin India Equity strategy.
** Key idea contributors to the Franklin India Equity strategy.
Take a closer look at some of the big picture themes driving inflows into India mutual funds and India ETFs.
What are the key risks?
The value of shares in the Fund and income received from it can go down as well as up and investors may not get back the full amount invested. Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments.
The Fund invests mainly in equity and equity-related securities of a single emerging country. Such Indian securities have historically been subject to significant price movements, frequently to a greater extent than equity markets globally. As a result, the performance of the Fund can fluctuate significantly over relatively short time periods.
Other significant risks include:
Foreign Currency risk: the risk of loss arising from exchange-rate fluctuations or due to exchange control regulations.
Emerging markets risk: the risk related to investing in countries that have less developed political, economic, legal and regulatory systems, and that may be impacted by political/economic instability, lack of liquidity or transparency, or safekeeping issues.
Liquidity risk: the risk that arises when adverse market conditions affect the ability to sell assets when necessary.
Such risk may be triggered by (but not limited to) unexpected events such as environmental disasters or pandemics. Reduced liquidity may have a negative impact on the price of the assets.
For full details of all of the risks applicable to this Fund, please refer to the “Risk Considerations” section of the Fund in the current prospectus of Franklin Templeton Investment Funds.
The information provided on this page does not constitute or form part of an offer for shares or an invitation to apply for shares. Subscriptions of shares in FTIF can only be made on the basis of the latest available audited annual report accompanied by the current prospectus of FTIF and, where available, in the relevant Key Investor Information Document. No shares of FTIF may be directly or indirectly offered or sold to residents of the United States of America. Shares of FTIF are not available for distribution in all jurisdictions and prospective investors should confirm availability with their local Franklin Templeton representative before making any plans to invest. Any research and analysis contained in this report has been procured by Franklin Templeton for its own purposes. It is provided to you for information only. References to particular industries, sectors or companies are for general information and are not necessarily indicative of a fund's holding at any one time.
There is no guarantee that the Fund will achieve its objective. For a free copy of the latest prospectus, the SID, the relevant KIID, the annual report and semi-annual report, if published thereafter or for more information about any Franklin Templeton fund, UK investors should contact: Franklin Templeton, Telephone: 0800 313 4049, Email: [email protected] , or write to us at the address below. Alternatively, the information can be downloaded from our website http://www.franklintempleton.co.uk
Performance figures above are total return in the share class currency. Performance figures represent the aggregated total return for the period indicated assuming, where relevant, the reinvestment of dividends & distributions. Past performance is no guarantee of future performance. Changes in the rates of the currency exchange may cause values or performance in the alternative currency to fluctuate.
Past performance does not predict future returns. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares.
Performance shown may include periods prior to the Fund’s inception date, reflecting performance of a predecessor fund with a substantially similar investment objective and policy and whose assets were transferred into this Fund's at inception. The performance data should be used for illustrative purposes only, as performance prior to the inception date has not been adjusted to reflect the fees of the Fund.
An investment in the Fund entails risks which are described in the Fund’s prospectus and the relevant Key Investor Information Document where applicable. In emerging markets, the risks can be greater than in developed markets. Investments in derivative instruments entail specific risks that may increase the risk profile of the fund and are more fully described in the Fund’s prospectus and in the relevant Key Investor Information Document where applicable.
References to indices are made for comparative purposes only and are provided to represent the investment environment existing during the time periods shown. Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges. When performance for either the portfolio or its benchmark has been converted, different foreign exchange closing rates may be used between the portfolio and its benchmark.
References to particular industries, sectors or companies are for general information and are not necessarily indicative of a fund’s holding at any one time.
Information is historical and may not reflect current or future portfolio characteristics. Portfolio holdings are subject to change.
Negative currency positions, if any, may occur due to hedging, unsettled payables, and derivatives holdings.
For more information on any of our funds, contact your financial advisor or download a free prospectus. Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
The Fund's documents are available in English, Arabic, French, German, Italian, Polish and Spanish at www.ftidocuments.com or can be requested via FT's European Facilities Service available at www.eifs.lu/franklintempleton. In addition, a Summary of Investor Rights is available from franklintempleton.lu. The summary is available in English. The sub-funds of FTIF are notified for marketing in multiple EU Member States under the UCITS Directive. FTIF can terminate such notifications for any share class and/or sub-fund at any time by using the process contained in Article 93a of the UCITS Directive.
For the avoidance of doubt, if you make a decision to invest, you will be buying units/shares in the Fund and will not be investing directly in the underlying assets of the Fund.
Investments entail risks, the value of investments can go down as well as up and investors should be aware they might not get back the full value invested.
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Issued by Franklin Templeton Investment Management Limited (FTIML) Registered office: Cannon Place, 78 Cannon Street, London EC4N 6HL. FTIML is authorised and regulated by the Financial Conduct Authority.
