Understanding The Factsheet

Transcription

1 Monthly Fact Sheet November 2015

2 Understanding The Factsheet Fund Manager An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts. Application Amount for Fresh Subscription/Minimum Investment This is the minimum investment amount for a new investor in a mutual fund scheme. Minimum Additional Amount This is the minimum investment amount for an existing investor in a mutual fund scheme. SIP SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a period of three years. NAV The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund. Benchmark A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec. Entry Load A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs 100 and the entry load is 1%, the investor will enter the fund at Rs 101. Note: SEBI, vide circular dated june 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor Exit Load Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance if the NAV is Rs.100 and the exit load is 1%,the redemption price would be Rs.99 per unit. Yield to Maturity/ Portfolio Yield The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity. Portfolio yield is weighted average YTM of the securities. Modified Duration Modified duration is the price sensitivity and the percentage change in price for a unit change in yield. Standard Deviation Standard deviation is a statistical measure of the range of an investment s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. Sharpe Ratio The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. Beta Beta is a measure of an investment s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security's price will be more volatile than the market. AUM AUM or under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm. Holdings The holdings or the portfolio is a mutual fund s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager. Nature of Scheme The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stockmarkets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories. Rating Profile Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.

3 Contents Market Update EQUITY Franklin India Bluechip Fund (FIBCF) Templeton India Growth Fund (TIGF) Franklin India Prima Plus (FIPP) Franklin India Prima Fund (FIPF) Franklin India Flexi Cap Fund (FIFCF) Franklin India High Growth Companies Fund (FIHGCF) Franklin Asian Equity Fund (FAEF) Franklin India Opportunities Fund (FIOF) Franklin Build India Fund (FBIF) Templeton India Equity Income Fund (TIEIF) Franklin India Taxshield (FIT) Franklin India Smaller Companies Fund (FISCF) Franklin India Index Fund - NSE Nifty Plan (FIIF) Franklin Infotech Fund (FIF) HYBRID Franklin India Balanced Fund (FIBF) Franklin India Pension Plan (FIPEP) INCOME & LIQUID Franklin India Monthly Income Plan (FIMIP) Franklin India Corporate Bond Opportunities Fund (FICBOF) Franklin India Income Opportunities Fund (FIIOF) Franklin India Dynamic Accrual Fund (FIDA) Franklin India Treasury Management Account (FITMA) Franklin India Income Builder Account (FIIBA) Franklin India Ultra Short Bond Fund (FIUBF) Franklin India Government Securities Fund (FIGSF) Franklin India Short Term Income Plan (FISTIP) Franklin India Savings Plus Fund (FISPF) Franklin India Duration Fund (FILDF) Franklin India Cash Management Account (FICMA) Franklin India Banking & PSU Debt Fund (FIBPDF) FUND OF FUNDS Franklin India Multi Asset Solution Fund (FIMAS) Franklin India Dynamic PE Ratio Fund of Funds (FIDPEF) Franklin India Life Stage Fund of Funds (FILSF) Franklin India Feeder - Franklin U S Opportunities Fund (FIF-FUSOF) Franklin India Feeder - Franklin European Growth Fund (FIF-FEGF) Scheme Performance SIP Returns Dividend/Bonus History/Fund Managers Industry Experience

4 Equity Market Snap Shot Anand Radhakrishnan, CIO Franklin Equity Global Global equity markets exhibited mixed performance led by region specific cues. While concerns regarding global security, due to the attacks in Paris, continued to dominate the headlines, divergent monetary policies from the major central banks was another reason for varied global equity markets performance. The developed equity markets represented by MSCI AC World index outperformed their emerging markets peers, represented by MSCI EM index, registering -1% and -4% respectively. German equity markets, represented by Xetra DAX was among the best performers gaining 5%, as markets anticipated further stimulus following the statements from European Central Bank President Mario Draghi. Another top gainer was Japanese equity market, wherein Nikkei gained over 3%. Meanwhile, uncertainty over a possible escalation of dispute between Russia and Turkey weighed on most Asian markets, Singapore's Strait Times being among the worst performers contracting 4.7%. In its October FOMC minutes of meeting, the US Fed hinted at possibility of a rate hike in December, which resulted in range bound performance by the US equity markets. In commodity space, crude oil prices declined sharply during first half of the month, led by a rise in US crude inventories and a stronger dollar. Though oil price advanced towards the end of month on worries over possible supply disruptions, following the geopolitical tensions, however, they closed the month with 11% loss. Meanwhile, gold prices dropped by ~7%, as expectations of higher fixed income yields in case of fed rate hike, weighed on price of the yellow metal. Monthly Change % Monthly Change % MSCI AC World Index FTSE Eurotop MSCI AC Asia Pacific Dow Jones 0.32 Nasdaq 1.09 S&P Xetra DAX 4.90 CAC FTSE Hang Seng Nikkei 3.48 KOSPI INDIA Indian equity markets started the month on a weak note, led by worries on global growth after commodity prices plunged to multi-year lows and concerns regarding a possible rate hike by the US Federal Reserve in December. The markets recovered towards end of the month as investors cheered 7th pay commission report and increased hopes on key bills such as Goods and Services Tax bill getting passed in the winter session of Parliament. However, the benchmark indices closed the month in red, S&P BSE Sensex & Nifty 50 recorded losses of 1.9% and 1.6% respectively. Among sectoral indices, consumer durables, auto and oil & gas were among the top gainers. While consumer durables and auto sectors gained due to festive demand, soft crude oil prices and hopes that the government may introduce an ad valorem cess on crude oil augured well for oil & gas sector. Meanwhile, healthcare, technology, and metals were among the bottom performers. While profit booking and selling affected the healthcare sector, technology stocks with high revenue exposure to France bore the brunt of Paris attacks. Metal stocks continued to trend downwards on account of persistent concerns on global growth and correction in some of the key global commodity prices. Small cap equity indices outperformed their large cap peers during the month. FPIs were net sellers during the month leading to an outflow of $1.1 bn. Macro & Policy: Among the macroeconomic indicators, apart from an uptick in CPI inflation (due to base effect reversal and rise in food inflation), all other major macroeconomic indicators viz. India Index of Industrial Production (IIP) for September, trade deficit, fiscal deficit (for Apr-Oct 2015) and GDP for 2QFY16 showed positive trends. India's IIP growth for September came at 3.6%YoY, which was higher than corresponding figure, a year ago. Positive growth by all sectors IIP during September indicated that industrial recovery was indeed broad based. Among the sectors, Electricity showed the strongest growth at 11.4%YoY, followed by mining which grew at 3.0%. Manufacturing sector (with biggest weight in the index) rose by 2.6%YoY, reflecting a weaker growth. However, the cumulative growth for Apr'15-Sep'15 came in at 4.0%, higher than 2.9% growth in the corresponding period last year. India's trade deficit narrowed to $9.76 bn in October vs $10.48 bn in the previous month. Although exports plunged 17.5%YoY, a sharper fall in imports 21.2%YoY contributed to the decline in trade deficit. Oil imports continued to fall (45.3%YoY) and fuel trade balance continued to improve. Further, in absolute terms the trade deficit for Apr '15 Oct'15 (estimated at $77.76 bn) is lower than the same period last year (at $86.26 bn). During the month, the government launched three gold-related schemes the Gold Monetization Scheme 2015, the Sovereign Gold Bond Scheme and gold coins, in a bid to put idle gold into productive use. It also announced FDI reforms in 15 sectors including retail, construction, banking, defence and broadcasting. The government also decided to levy a 0.5% Swachh Bharat Cess proposed in the Budget on all services liable to service tax wef from November 15. Data released at the close of the month showed that India's GDP growth for 2QFY16 moved up to 7.4%YoY from 7.0%YoY in 1QFY16, led by fixed investment and higher government spending. On the production side, growth in gross value added (GVA) increased to 7.4% from 7.1% in the previous quarter due to a significant pick-up in manufacturing. OUTLOOK On the earnings front, there was a stark divergence in earnings trends during the September quarter. While export led sectors lagged in terms of revenue and profit growth, sectors deriving benefits from consumption continued to posted decent numbers. While poor monsoons, weak global demand and excess capacity could weigh on the earnings growth, we believe that turnaround in earnings could happen from FY17, provided commodity prices remain supportive, inflation continues to be benign, effective transmission of rate cut happens (which would lead to input costs and improvement in corporate profitability), Current Account Deficit (CAD) - which has shown a declining trend remains under control and the government adheres to the objective of fiscal consolidation. The government clearly seems to be focused on improving business environment as reflected by the measures undertaken which include boosting FDI, infrastructure investment and financial inclusion. We believe that there could be two legs of investment recovery; first leg could be revival of the stalled projects (some traction seen as pace of clearance has improved) and the second leg could be fresh investments which may take a little longer than the first leg. In the near term urban consumption demand is likely to drive growth as higher disposable income due to weaker commodity prices, an improving labor market, expected lower interest rates once transmission of rate cuts happen and wage hike for public servants as suggested by the 7th pay commission could strengthen the urban demand. The current market valuations are now near the historical long term averages. Further, midcaps are now trading at a premium to the large caps, leading to overvaluation of some of the midcap stocks. With expectations being realigned to reality, we believe that there could be re-adjustment in the valuations of certain overvalued stocks, reiterating the importance of stock selection based on fundamentals and better visibility of earnings. Therefore, at this juncture, we recommend investors to consider diversified multi-cap funds for systematic investments in order to participate in the equity markets. Monthly Change (%) S&P BSE Sensex Nifty Nifty Nifty Midcap S&P BSE SmallCap 2.84 Templeton Equity View : Rate Rise Chetan Sehgal, CIO - India, Emerging Markets Much is being written and spoken about in terms of the impending Federal Rate increase in the US. There is much commentary that the Fed must ignore the current commodity price declines and see those declines as transitory. Thus, the likelihood of an increase in rates. Emerging markets have in the past shuddered at the mere thought of tapering of bond market purchases; but when that actually happened it became almost of a nonevent. Similarly we believe that although the US Fed may increase rates, the strength of the US Dollar itself would exert a benign force on inflation and thus lead to lower inflation expectations. The Emerging Market currencies have in generally sold off in advance of the possible rate increase. Thus, much of the competitiveness has been restored, though some of the structural issues remain and policy reform is much needed. The countries which go ahead with reform would find growth better even in higher rate environments. 4

5 Fixed Income Market Snap Shot Santosh Kamath, CIO - Fixed Income Globally, bond yields displayed varied trends. While German and UK 10 year bond yields softened by 5 bps and 10 bps respectively, the US 10 year bond yields hardened by 7 bps. In order to provide stimulus to the slowing economy, the People's Bank of China (PBOC) lowered lending rates for loans made under the standing lending facility (SLF), wherein the overnight rate was cut to 2.75% and the seven-day rate to 3.25% (effective Nov 20th). As per the October FOMC minutes of meeting, while there was no clear guidance on hiking the interest rates, a December rate hike remained on the cards (provided unanticipated shocks did not adversely affect the economic outlook). On European front, European Central Bank (ECB) President Mario Draghi hinted at unveiling fresh stimulus measures in order to boost anaemic inflation in the Euro zone. In currencies space, US dollar gained in November, with the US dollar index closing up 3%. In India, bond yields hardened across the yield curve. In earlier part of the month, better than expected SDL auction cut-offs improved market sentiment significantly. However, the increased probability of Fed rate hike in December, higher fiscal deficit concerns due to 7th Pay commission panel report and RBI's announcement of 10Y g-sec auction which had limited scope of fresh issuances, led to the hardening of bond yields across the yield curve. Also, foreign portfolio investors turned net sellers and aggregated to a net outflow of $552 mn during the month. Domestic Market Scenario Yields: Yields hardened across the yield curve in November. 1-year gilt yield ended the month up 3 bps, while at the longer end both 10 year and 30 year gilt yield closed the month up 12 bps and 13 bps respectively. The yield curve has been steepening, and the spread between long and short end of the yield curve (30 year gilt 1 year gilt) rose to 68 bps at the end of November, from 58 bps at the end of previous month. Forex: Foreign portfolio investors (which were net buyers previous month) were net sellers during the month amid intensifying concerns over a rate hike in the US. As a result, the rupee depreciated 2% against the US dollar. Liquidity: Liquidity conditions turned tighter in November. During the month, there was an average daily net injection of Rs. 197 bn (data taken upto November 26, 2015) by the RBI as part of its liquidity operations, compared to an average daily net injection of Rs. 58 bn in the previous month. The overnight call money rate, which increased during the month owing to the liquidity deficit due to festival demand, closed November at 7.15% (RBI held multiple variable rate repo auctions and the government also released some funds) down from previous month's close of 7.30%. revenue growth, wherein corporate, income and service taxes saw an uptick. Capital expenditure increased 31.0%YoY vs. revenue expenditure up 3.0%YoY, underlining the government's resolve to support capex. OUTLOOK The RBI in its fifth bi-monthly monetary policy review on December 1, 2015 maintained 'status quo', but has very clearly emphasized on lack of full transmission of its policy rate cuts. Out of total 125 bps rate cut since January 2015, median base lending rate has declined by only 60 bps. The policy also stated that all banks will move to new methodology for determining the base rate based on marginal cost of funds. This, besides the fact that the government is examining linking small savings interest rates to market interest rates, should help further transmission of policy rates into lending rates. We believe that any further transmission of policy rates would help to bring down cost of capital for Indian companies, which in turn may augur well for the improvement of the credit environment. On inflation front, the RBI has flagged risks on account of any shortfall in rabi crops and a further uptick in core inflation though the same is likely to be offset by lower oil prices and seasonal moderation in crop prices. Moreover, it has maintained the inflation trajectory, at previous policy levels and cited that there could be slight downside risk to the inflation trajectory set out in the September policy (5.8% in January 2016). Going ahead, we believe that the RBI is likely to focus on the Union Budget in order to closely monitor the status of fiscal consolidation, particularly once 7th Pay Commission recommendations are factored in the government accounts. With inflation remaining broadly on track, there exists a possibility of rate cut provided fiscal consolidation is on track. With growth picking up as shown by 2nd quarter GDP growth numbers and reflecting that the economy is in early stages of a recovery, we believe that the credit environment will continue to improve and hence we remain positive on corporate bonds and accrual strategies. Further, with anticipated transmission of rate cuts (post RBI finalizing methodology for determining the base rate based on marginal cost of funds), expectation of benign crude oil prices and elevated spread between repo rate and yield curve, we see value at longer end of the yield curve, and recommend investors (who can withstand volatility) to consider duration bond / gilt funds for the medium to long term horizon. 10 Year Gilt Call rates Exchange rate (Rs./$) 30-Oct %/7.30% Nov %/7.15% Macro: CPI headline inflation moved up to 5.00%YoY in October from 4.41%YoY in the previous month led by adverse base effect and continued increase in pulses inflation. Food inflation accelerated due to sharp uptick in the prices of pulses. Core inflation (ex food and fuel) also edged up to 4.4%YoY in October 2015 from 4.3%YoY in the previous month. Meanwhile, Wholesale price index (WPI) inflation remained in deflation territory and recorded -3.81%YoY in October 2015 vs -4.54%YoY in the previous month. Government data released at the close of the month showed that fiscal deficit for the April to October 2015 period came in at 74 the fiscal deficit target for FY16, as compared to a deficit of 89.6% in the corresponding period a year ago. This was primarily due to encouraging tax 5

6 Franklin India Bluechip Fund FIBCF The fund manager seeks steady and consistent growth by focusing on wellestablished, large size companies An Open-end Growth Fund The investment objective of Bluechip Fund is primarily to provide medium to long term capital appreciation. December 1, 1993 Anand Radhakrishnan & Anand Vasudevan S&P BSE SENSEX Growth Plan Dividend Plan Direct - Growth Plan Direct - Dividend Plan VOLATILITY MEASURES (3 YEARS) Standard Deviation 4.00 Beta 1.00 Sharpe Ratio* 0.54 * Annualised. Risk-free rate assumed to be 6.84% (FBIL OVERNIGHT MIBOR) ` 5000/1 ` ` ` ` ` 6, crores ` 6, crores TURNOVER Portfolio Turnover 18.74% EXPENSE RATIO : 2.23% EXPENSE RATIO (DIRECT) : 1.42% The rates specified are the actual average expenses includes the Service tax on Investment Management Fees.The above ratio also includes, proportionate charge in bps on daily net, wherever applicable Auto Tata Motors Ltd Hero Motocorp Ltd Mahindra & Mahindra Ltd Bajaj Auto Ltd Tata Motors Ltd., A Auto Ancillaries Exide Industries Ltd Banks HDFC BANK LTD* ICICI BANK LTD* Indusind Bank Ltd* Yes Bank Ltd* Kotak Mahindra Bank Ltd* Axis Bank Ltd State Bank Of India Bank Of Baroda Punjab National Bank Ltd Cement Grasim Industries Ltd Ultratech Cement Ltd ACC Ltd Construction Project Larsen And Toubro Ltd Consumer Non Durables Marico Ltd Asian Paints Ltd ITC Ltd Hindustan Unilever Ltd Ferrous Metals Tata Steel Ltd Industrial Products Cummins India Ltd Minerals/mining Coal India Ltd Oil Oil & Natural Gas Corp Ltd Petroleum Products Reliance Industries Ltd* Bharat Petroleum Corporation Ltd Pharmaceuticals Dr Reddy'S Laboratories Ltd* Cadila Healthcare Ltd Sun Pharmaceutical Industries Ltd Power Power Grid Corp Of India Ltd Torrent Power Ltd Services ADITYA BIRLA NUVO LTD Software Infosys Ltd* Cognizant Technology (USA)* Wipro Ltd HCL Technologies Ltd Tata Consultancy Services Ltd Telecom - Services Bharti Airtel Ltd* Total Equity Holding Total Equity Holding Total Debt Holding Call, Cash and other current asset Total Asset * Top 10 holdings ` 1000/1 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 SIP - If you had invested ` every month in FIBCF... 1 Year 3 Year 5 Year 7 Year 10 Year Since jan 97 Total amount Invested (Rs) 120, , , ,000 1,200,000 2,250,000 Total value as on Sep 30, 2015 (Rs) 119, , ,031 1,435,064 2,443,771 25,798,600 Returns -1.05% 16.85% 14.25% 15.04% 13.63% 22.36% Total value of B:S&P BSE Sensex 112, , ,932 1,227,500 1,954,778 8,875,323 B:S&P BSE Sensex Returns % 9.65% 9.76% 10.66% 9.43% 13.10% Total value of AB:Nifty , , ,864 1,239,395 1,986,863 8,857,513 AB:Nifty 50 Returns -9.94% 10.42% 10.18% 10.93% 9.74% 13.08% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends assumed to be reinvested and Bonus is adjusted. Load is not taken into consideration. On account of difference in the type/category, asset allocation or investment strategy, inception dates, performances of these funds are not strictly comparable. Please refer to for details on performance of all schemes (including Direct Plans). B: Benchmark, AB: Additional Benchmark. Sector Allocation - Total Assets OTHERS (INCLUDES CALL, CASH & OTHER CURRENT ASSETS) 7.36% FERROUS METALS AUTO ANCILLARIES 0.3% 0.8% SERVICES OIL MINERALS/MINING 1.3% 1.3% 1.7% INDUSTRIAL PRODUCTS POWER CONSTRUCTION PROJECT TELECOM - SERVICES PETROLEUM PRODUCTS CONSUMER NON DURABLES CEMENT PHARMACEUTICALS AUTO SOFTWARE BANKS 1.9% 2.22% 2.49% 3.85% 5.31% 5.48% 5.84% 6.20% 9.38% 16.22% 28.21% Long term capital appreciation A fund that invests in large cap stocks principal will be at High risk 6

7 Templeton India Growth Fund TIGF Templeton Equity Portfolio Managers adopt a long term disciplined approach to investing and use the widely known philosophy of value investing An Open-end Growth Fund The Investment Objective of the Scheme is to provide long-term capital growth to its Unitholders. September 10, 1996 Chetan Sehgal S&P BSE SENSEX MSCI India Value Index Growth Plan ` Dividend Plan ` Direct - Growth Plan ` Direct - Dividend Plan ` **S&P BSE Sensex MSCI India Value * Annualised. Risk-free rate assumed to be 6.84% (FBIL OVERNIGHT MIBOR) ` crores ` crores TURNOVER Portfolio Turnover 3.67% VOLATILITY MEASURES (3 YEARS) Standard Deviation 4.65 Beta 1.10** 0.92 Sharpe Ratio* 0.59 EXPENSE RATIO : 2.70% EXPENSE RATIO (DIRECT) : 2.04% The rates specified are the actual average expenses includes the Service tax on Investment Management Fees.The above ratio also includes, proportionate charge in bps on daily net, wherever applicable ` 5000/1 ` 1000/1 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 Auto Tata Motors Ltd., A Maruti Suzuki India Ltd Auto Ancillaries Balkrishna Industries Ltd Banks ICICI Bank Ltd.* HDFC Bank Ltd.* Federal Bank Ltd.* Cement Grasim Industries Ltd.* JK Cement Ltd Chemicals Tata Chemicals Ltd.* Ferrous Metals MOIL Ltd Finance Bajaj Holdings and Investment Ltd.* Tata Investment Corp. Ltd.* Sundaram Finance Ltd Gas GAIL India Ltd SIP - If you had invested ` every month in TIGF 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends assumed to be reinvested and Bonus is adjusted. Load is not taken into consideration. On account of difference in the type/category, asset allocation or investment strategy, inception dates, performances of these funds are not strictly comparable. Please refer to for details on performance of all schemes (including Direct Plans). B: Benchmark, AB: Additional Benchmark. Sector Allocation - Total Assets * Top 10 holdings Total Amount Invested (Rs.) 120, , , ,000 1,200,000 2,290,000 Total Value as on Sep 30, 2015 (Rs) 119, , ,393 1,437,364 2,444,450 19,209,729 Returns -1.23% 18.98% 14.97% 15.08% 13.64% 19.30% Total Value of B:S&P BSE Sensex 112, , ,932 1,227,500 1,954,778 9,210,850 B:S&P BSE Sensex Returns % 9.65% 9.76% 10.66% 9.43% 13.03% Total Value of B:MSCI India Value 111, , ,297 1,022,274 1,661,293 B:MSCI India Value Returns % 4.66% 4.14% 5.53% 6.34% Total Value of AB:Nifty , , ,864 1,239,395 1,986,863 9,209,925 AB:Nifty 50 returns -9.94% 10.42% 10.18% 10.93% 9.74% 13.03% Oil Oil & Natural Gas Corp. Ltd Cairn India Ltd Petroleum Products Reliance Industries Ltd.* Pharmaceuticals Dr. Reddy's Laboratories Ltd.* Software Infosys Ltd.* Textiles - Cotton Vardhman Textiles Ltd Total Equity Holding Total Equity Holding Total Debt Holding Call, Cash and other current asset Total Asset OTHERS (INCLUDES CALL, CASH & OTHER CURRENT ASSETS) 7.22% FERROUS METALS TEXTILES - COTTON GAS AUTO ANCILLARIES 0.06% 0.09% 0.18% 1.02% OIL AUTO PETROLEUM PRODUCTS PHARMACEUTICALS CEMENT SOFTWARE CHEMICALS BANKS FINANCE 2.89% 4.26% 4.88% 4.95% 5.68% 9.52% 14.98% 20.52% 23.74% Long term capital appreciation A fund that invests predominantly in large cap stocks a value fund principal will be at High risk 7

8 Franklin India Prima Plus This is a Simple and Performing scheme which is eligible for distribution by new cadre of distributors. FIPP T h e f u n d m a n a g e r s e e k s c a p i t a l appreciation over the long-term by focusing on wealth creating companies (companies that generate return on capital in excess of their cost of capital) across all sectors. An Open-end growth scheme The investment objective of Prima Plus is to provide growth of capital plus regular dividend through a diversified portfolio of equities, fixed income securities and money market instruments. September 29, 1994 Anand Radhakrishnan & R. Janakiraman Nifty 500 Growth Plan ` Dividend Plan ` Direct - Growth Plan ` Direct - Dividend Plan ` TURNOVER Portfolio Turnover 16.52% * Annualised. Risk-free rate assumed to be 6.84% (FBIL OVERNIGHT MIBOR) EXPENSE RATIO : 2.31% EXPENSE RATIO (DIRECT) : 1.29% The rates specified are the actual average expenses includes the Service tax on Investment Management Fees.The above ratio also includes, proportionate charge in bps on daily net, wherever applicable ` 5000/1 ` 1000/1 ` 6, crores ` 5, crores VOLATILITY MEASURES (3 YEARS) Standard Deviation 3.92 Beta 0.89 Sharpe Ratio* 1.03 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 Auto Tata Motors Ltd Mahindra & Mahindra Ltd Hero Motocorp Ltd TVS Motor Co Ltd Eicher Motors Ltd Auto Ancillaries Amara Raja Batteries Ltd Exide Industries Ltd Balkrishna Industries Ltd Apollo Tyres Ltd Banks HDFC BANK LTD* ICICI BANK LTD* Indusind Bank Ltd* Yes Bank Ltd* Kotak Mahindra Bank Ltd* Axis Bank Ltd* Karur Vysya Bank Ltd/The Federal Bank Ltd State Bank Of India Punjab National Bank Ltd Cement Ultratech Cement Ltd Grasim Industries Ltd ACC LTD Chemicals Pidilite Industries Ltd Aarti Industries Ltd Construction Project Larsen And Toubro Ltd* Voltas Ltd Consumer Durables Havells India Ltd Consumer Non Durables Marico Ltd ITC LTD United Breweries Ltd Asian Paints Ltd Jubilant Foodworks Ltd Finance Credit Analysis & Research Ltd Gas Gujarat State Petronet Ltd Petronet Lng Ltd Industrial Capital Goods Crompton Greaves Ltd Industrial Products Cummins India Ltd SIP - If you had invested ` every month in FIPP Greaves Cotton Ltd SKF INDIA LTD Shakti Pumps India Ltd Media & Entertainment Jagran Prakashan Ltd HT Media Ltd Minerals/mining Gujarat Mineral Dev Corp Ltd Petroleum Products Bharat Petroleum Corporation Ltd Reliance Industries Ltd Pharmaceuticals Dr Reddy's Laboratories Ltd* Torrent Pharmaceuticals Ltd Cadila Healthcare Ltd Sun Pharmaceutical Industries Ltd IPCA Laboratories Ltd Services Aditya Birla Nuvo Ltd Software Infosys Ltd* Cognizant Technology (USA) Wipro Ltd HCL Technologies Ltd Tata Consultancy Services Ltd Telecom - Services Bharti Airtel Ltd* Tata Communications Ltd Textile Products Arvind Ltd Transportation Gujarat Pipavav Port Ltd Gateway Distriparks Ltd Unlisted Quantum Information Services Numero Uno International Ltd Quantum Information Systems Total Equity Holding Total Equity Holding Total Debt Holding Call, Cash and other current asset Total Asset * Top 10 holdings 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception Total amount Invested (Rs) 120, , , ,000 1,200,000 2,510,000 Total value as on Sep 30, 2015 (Rs) 122, ,323 1,006,940 1,696,146 2,914,562 44,776,521 Returns 4.08% 25.92% 20.85% 19.73% 16.91% 23.15% Total value of B:Nifty , , ,205 1,300,172 2,046,182 12,467,544 B:Nifty 500 Returns -6.48% 14.07% 12.17% 12.27% 10.30% 13.47% Total value of AB:Nifty , , ,864 1,239,395 1,986,863 10,924,381 AB:Nifty 50 Returns -9.94% 10.42% 10.18% 10.93% 9.74% 12.44% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends assumed to be reinvested and Bonus is adjusted. Load is not taken into consideration. On account of difference in the type/category, asset allocation or investment strategy, inception dates, performances of these funds are not strictly comparable. Please refer to for details on performance of all schemes (including Direct Plans). B: Benchmark, AB: Additional Benchmark. Sector Allocation - Total Assets OTHERS (INCLUDES CALL, CASH & OTHER CURRENT ASSETS) 8.90% MINERALS/MINING 0.31% INDUSTRIAL CAPITAL GOODS 0.41% TEXTILE PRODUCTS 0.83% FINANCE 0.89% MEDIA & ENTERTAINMENT 0.92% CONSUMER DURABLES 1.06% SERVICES 1.25% GAS 1.35% CHEMICALS 1.76% IT CONSULTING & OTHER SERVICES 1.83% TRANSPORTATION 2.32% INDUSTRIAL PRODUCTS 3.04% PETROLEUM PRODUCTS 3.08% CONSTRUCTION PROJECT 3.20% CEMENT 4.18% TELECOM - SERVICES 4.30% AUTO ANCILLARIES 4.37% CONSUMER NON DURABLES 4.87% AUTO 7.71% PHARMACEUTICALS 8.25% SOFTWARE 8.95% BANKS 26.24% Long term capital appreciation Primarily a large cap fund with some allocation to small / mid cap stocks principal will be at High risk 8

9 Franklin India Prima Fund FIPF The fund manager seeks aggressive growth by focusing primarily on mid and small cap companies. An Open-end growth scheme The investment objective of Prima Fund is to provide medium to longterm capital appreciation as a primary objective and income as a secondary objective. December 1, 1993 R. Janakiraman & Roshi Jain Nifty 500 Nifty Midcap 100 (effective May 20, 2013) Growth Plan ` Dividend Plan ` Direct - Growth Plan ` Direct - Dividend Plan ` * Annualised. Risk-free rate assumed to be 6.84% (FBIL OVERNIGHT MIBOR) EXPENSE RATIO : 2.28% 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 ` 3, crores ` 3, crores TURNOVER Portfolio Turnover 21.00% VOLATILITY MEASURES (3 YEARS) Standard Deviation 4.56 Beta 0.99 Sharpe Ratio* 1.38 EXPENSE RATIO (DIRECT) : 1.21% The rates specified are the actual average expenses includes the Service tax on Investment Management Fees.The above ratio also includes, proportionate charge in bps on daily net, wherever applicable ` 5000/1 ` 1000/1 Long term capital appreciation A fund that invests in mid and small cap stocks Auto Crompton Greaves Ltd Tata Motors Ltd., A* Industrial Products TVS Motor Co. Ltd.* FAG Bearings (India) Ltd.* Auto Ancillaries Finolex Cables Ltd.* Amara Raja Batteries Ltd SKF India Ltd Apollo Tyres Ltd Greaves Cotton Ltd Exide Industries Ltd Media & Entertainment Balkrishna Industries Ltd Jagran Prakashan Ltd Banks Minerals/mining Yes Bank Ltd.* Gujarat Mineral Development Corp. Ltd HDFC Bank Ltd.* Pesticides IndusInd Bank Ltd.* Bayer Cropscience Ltd Karur Vysya Bank Ltd PI Industries Ltd Axis Bank Ltd Petroleum Products Kotak Mahindra Bank Ltd Bharat Petroleum Corp. Ltd City Union Bank Ltd Pharmaceuticals Cement Torrent Pharmaceuticals Ltd JK Cement Ltd Cadila Healthcare Ltd ACC Ltd IPCA Laboratories Ltd Chemicals Sanofi India Ltd Pidilite Industries Ltd Power Construction JSW Energy Ltd Sobha Ltd Retailing Construction Project Pantaloons Fashions and Retail Ltd Voltas Ltd.* Software Larsen & Toubro Ltd Eclerx Services Ltd.* Consumer Durables Mindtree Ltd Havell's India Ltd Cyient Ltd Bata India Ltd HCL Technologies Ltd Whirlpool of India Ltd Telecom - Services Consumer Non Durables Idea Cellular Ltd Kansai Nerolac Paints Ltd Textile Products Fertilisers Arvind Ltd Coromandel International Ltd Transportation Finance Gujarat Pipavav Port Ltd Repco Home Finance Ltd.* Gateway Distriparks Ltd LIC Housing Finance Ltd Unlisted Sundaram Finance Ltd Him Techno Credit Analysis and Research Ltd Numero Uno International Ltd Gas Total Equity Holding Gujarat State Petronet Ltd Petronet LNG Ltd Total Equity Holding Hotels/resorts & Other Recreational Activities Total Debt Holding Indian Hotels Co. Ltd Call, Cash and other current asset Industrial Capital Goods Total Asset Bharat Electronics Ltd * Top 10 holdings SIP - If you had invested ` every month in FIPF 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception Total Amount Invested (Rs.) 120, , , ,000 1,200,000 2,620,000 Total Value as on Sep 30, 2015 (Rs) 122, ,857 1,166,661 2,065,067 3,249,966 54,267,618 Returns 4.53% 33.34% 26.97% 25.29% 18.93% 23.15% Total Value of B:Nifty , , ,205 1,300,172 2,046,182 13,035,191 B:Nifty 500 Returns -6.48% 14.07% 12.17% 12.27% 10.30% 12.88% Total Value of Nifty Midcap , , ,938 1,495,016 2,397,177 B: Nifty Midcap 100 Returns 2.76% 23.20% 16.78% 16.19% 13.27% Total Value of AB:Nifty , , ,864 1,239,395 1,986,863 11,578,147 AB:Nifty 50 returns -9.94% 10.42% 10.18% 10.93% 9.74% 1% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends assumed to be reinvested and Bonus is adjusted. Load is not taken into consideration. On account of difference in the type/category, asset allocation or investment strategy, inception dates, performances of these funds are not strictly comparable. Please refer to for details on performance of all schemes (including Direct Plans). B: Benchmark, AB: Additional Benchmark. Nifty Midcap 100 has been included as benchmark for Franklin India Prima Fund (FIPF) effective May 20, 2013 Sector Allocation - Total Assets OTHERS (INCLUDES CALL, CASH & OTHER CURRENT ASSETS) MINERALS/MINING MEDIA & ENTERTAINMENT HOTELS/RESORTS & OTHER RECREATIONAL ACTIVITIES POWER CHEMICALS TEXTILE PRODUCTS CONSTRUCTION PETROLEUM PRODUCTS FERTILISERS RETAILING TELECOM - SERVICES CONSUMER NON DURABLES PESTICIDES INDUSTRIAL CAPITAL GOODS TRANSPORTATION CEMENT CONSTRUCTION PROJECT GAS CONSUMER DURABLES AUTO AUTO ANCILLARIES PHARMACEUTICALS SOFTWARE FINANCE INDUSTRIAL PRODUCTS BANKS 0.45% 0.70% 0.92% 1.13% 1.14% 1.16% 1.17% 1.49% 1.51% 1.73% 1.90% 2.17% 2.50% 2.66% 2.79% 2.81% 3.19% 3.54% 3.85% 4.97% 5.41% 7.23% 6.42% 7.01% 7.72% 8.26% 16.16% principal will be at High risk 9

10 Franklin India Flexi Cap Fund This is a Simple and Performing scheme which is eligible for distribution by new cadre of distributors. FIFCF The fund manager will invest in companies based on a research driven, bottom-up stock selection process, irrespective of their market capitalization and sectors. An Open-end Diversified Equity Fund FIFCF is an open-end diversified equity fund that seeks to provide medium to longterm capital appreciation by investing in stocks across the entire market capitalisation range. March 2, 2005 Anand Vasudevan, Roshi Jain & R. Janakiraman Nifty 500 Growth Plan ` Dividend Plan ` Direct - Growth Plan ` Direct - Dividend Plan ` * Annualised. Risk-free rate assumed to be 6.84% (FBIL OVERNIGHT MIBOR) ` 2, crores ` 2, crores TURNOVER Portfolio Turnover 15.06% VOLATILITY MEASURES (3 YEARS) Standard Deviation 4.14 Beta 0.95 Sharpe Ratio* 0.96 EXPENSE RATIO : 2.31% EXPENSE RATIO (DIRECT) : 1.58% The rates specified are the actual average expenses includes the Service tax on Investment Management Fees.The above ratio also includes, proportionate charge in bps on daily net, wherever applicable ` 5000/1 ` 1000/1 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 Auto Sector Allocation - Total Assets Tata Motors Ltd Mahindra & Mahindra Ltd Maruti Suzuki India Ltd Tvs Motor Co Ltd Hero Motocorp Ltd Auto Ancillaries Amara Raja Batteries Ltd* Balkrishna Industries Ltd Banks HDFC BANK LTD* Yes Bank Ltd* ICICI BANK LTD* State Bank Of India* Axis Bank Ltd Kotak Mahindra Bank Ltd Indusind Bank Ltd Cement Grasim Industries Ltd Ultratech Cement Ltd Construction Project Larsen And Toubro Ltd* Consumer Durables Titan Co Ltd Consumer Non Durables Glaxosmithkline Consumer Healthcare Ltd Kansai Nerolac Paints Ltd United Spirits Ltd Kaveri Seed Co Ltd Finance Repco Home Finance Ltd Credit Analysis & Research Ltd Gas Gujarat State Petronet Ltd Petronet Lng Ltd SIP - If you had invested ` every month in FIFCF Industrial Products Long term capital appreciation A fund that invests in stocks of companies across the market cap range SKF India Ltd Greaves Cotton Ltd Petroleum Products Bharat Petroleum Corporation Ltd Pharmaceuticals Torrent Pharmaceuticals Ltd* Dr Reddy'S Laboratories Ltd* Cadila Healthcare Ltd Power Torrent Power Ltd Services Aditya Birla Nuvo Ltd Software Cognizant Technology (USA)* Infosys Ltd* HCL Technologies Ltd Mindtree Ltd Telecom - Services Bharti Airtel Ltd Idea Cellular Ltd Transportation Gujarat Pipavav Port Ltd Total Equity Holding Total Equity Holding Total Debt Holding Call, Cash and other current asset Total Asset * Top 10 holdings 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception Total amount Invested (Rs) 120, , , ,000 1,200,000 1,270,000 Total value as on Sep 30, 2015 (Rs) 121, , ,589 1,672,908 2,788,692 3,198,325 Returns 1.88% 25.28% 20.09% 19.34% 16.09% 16.55% Total value of B:Nifty , , ,205 1,300,172 2,046,182 2,293,106 B:Nifty 500 Returns -6.48% 14.07% 12.17% 12.27% 10.30% 10.72% Total value of AB:Nifty , , ,864 1,239,395 1,986,863 2,246,100 AB:Nifty 50 Returns -9.94% 10.42% 10.18% 10.93% 9.74% 10.35% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends assumed to be reinvested and Bonus is adjusted. Load is not taken into consideration. On account of difference in the type/category, asset allocation or investment strategy, inception dates, performances of these funds are not strictly comparable. Please refer to for details on performance of all schemes (including Direct Plans). B: Benchmark, AB: Additional Benchmark. OTHERS (INCLUDES CALL, CASH & OTHER CURRENT ASSETS) POWER CONSUMER DURABLES SERVICES TRANSPORTATION INDUSTRIAL PRODUCTS PETROLEUM PRODUCTS FINANCE 1.06% 1.23% 1.25% 1.43% 2.19% 2.43% 2.48% 9.00% GAS CONSTRUCTION PROJECT CEMENT AUTO ANCILLARIES TELECOM - SERVICES CONSUMER NON DURABLES PHARMACEUTICALS AUTO SOFTWARE BANKS 2.90% 3.74% 3.86% 4.04% 4.08% 4.75% 7.94% 9.90% 11.37% 26.36% principal will be at High risk 10

11 Franklin India High Growth Companies Fund FIHGCF The fund manager seeks high growth by focussing on companies/sectors with high growth rates or potential. An Open-end Diversified Equity Fund FIHGCF is an open-end diversified equity fund that seeks to achieve capital appreciation through investments in Indian companies/sectors with high growth rates or potential. July 26, 2007 Roshi Jain & R. Janakiraman Nifty 500 Growth Plan ` Dividend Plan ` Direct - Growth Plan ` Direct - Dividend Plan ` * Annualised. Risk-free rate assumed to be 6.84% (FBIL OVERNIGHT MIBOR) EXPENSE RATIO : 2.35% EXPENSE RATIO (DIRECT) : 1.13% The rates specified are the actual average expenses includes the Service tax on Investment Management Fees. The above ratio also includes, proportionate charge in bps on daily net, wherever applicable ` 4, crores ` 3, crores TURNOVER Portfolio Turnover 29.37% VOLATILITY MEASURES (3 YEARS) Standard Deviation 4.53 Beta 0.99 Sharpe Ratio* 1.33 ` 5000/1 ` 1000/1 ENTRY LOAD Nil EXIT LOAD 1% if redeemed/switchedout within two years of allotment Auto Sector Allocation - Total Assets Tata Motors Ltd* Tvs Motor Co Ltd.* Maruti Suzuki India Ltd* Mahindra & Mahindra Ltd Banks HDFC BANK LTD* Axis Bank Ltd* State Bank Of India* ICICI BANK LTD* Bank Of Baroda Punjab National Bank Ltd Cement Ultratech Cement Ltd Orient Cement Ltd JK Lakshmi Cement Ltd Construction Project Larsen And Toubro Ltd* Consumer Durables Whirlpool Of India Ltd Consumer Non Durables Kansai Nerolac Paints Ltd Hotels/resorts & Other Recreational Activities EIH Ltd Industrial Capital Goods Bharat Electronics Ltd Industrial Products SKF India Ltd Fag Bearings (India) Ltd Timken India Ltd Greaves Cotton Ltd Pesticides Bayer Cropscience Ltd SIP - If you had invested ` every month in FIHGCF Pharmaceuticals Long term capital appreciation A fund that invests in stocks of companies / sectors with high growth rates or above average potential Sanofi India Ltd Dr Reddy'S Laboratories Ltd Retailing Pantaloons Fashions And Retail Ltd* Software Tech Mahindra Ltd Tata Consultancy Services Ltd Cognizant Technology (USA) Telecom - Services Idea Cellular Ltd* Bharti Airtel Ltd Transportation Gujarat Pipavav Port Ltd Total Equity Holding * Top 10 holdings 1 Year 3 Year 5 Year 7 Year Since Inception Total amount Invested (Rs) 120, , , , ,000 Total value as on Sep 30, 2015 (Rs) 119, ,064 1,127,161 1,931,407 2,347,635 Returns -0.46% 31.51% 25.53% 23.39% 20.27% Total value of B:Nifty , , ,205 1,300,172 1,549,593 B:Nifty 500 Returns -6.48% 14.07% 12.17% 12.27% 10.60% Total value of AB:Nifty , , ,864 1,239,395 1,484,809 AB:Nifty 50 Returns -9.94% 10.42% 10.18% 10.93% 9.60% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends assumed to be reinvested and Bonus is adjusted. Load is not taken into consideration. On account of difference in the type/category, asset allocation or investment strategy, inception dates, performances of these funds are not strictly comparable. Please refer to for details on performance of all schemes (including Direct Plans). B: Benchmark, AB: Additional Benchmark. OTHERS (INCLUDES CALL, CASH & OTHER CURRENT ASSETS) TRANSPORTATION CONSUMER NON DURABLES HOTELS/RESORTS & OTHER RECREATIONAL ACTIVITIES INDUSTRIAL CAPITAL GOODS PESTICIDES IT CONSULTING & OTHER SERVICES CONSUMER DURABLES PHARMACEUTICALS RETAILING CONSTRUCTION PROJECT CEMENT INDUSTRIAL PRODUCTS SOFTWARE TELECOM - SERVICES AUTO BANKS 9.27% 0.40% 0.72% 1.01% 1.32% 1.75% 1.87% 2.91% 3.10% 3.25% 3.67% 4.28% 4.50% 5.27% 6.75% 19.01% 30.93% Total Equity Holding Total Debt Holding Call, Cash and other current asset Total Asset principal will be at High risk 11

12 Franklin Asian Equity Fund FAEF The fund manager seeks long term appreciation by focussing on Asian Companies/ Sectors (excluding Japan) with long term growth potential. An Open-end Diversified Equity Fund FAEF is an open-end diversified equity fund that seeks to provide medium to long term appreciation through investments primarily in Asian Companies / sectors (excluding Japan) with long term potential across market capitalisation. January 16, 2008 Roshi Jain MSCI Asia (ex-japan) Growth Plan ` Dividend Plan ` Direct - Growth Plan ` Direct - Dividend Plan ` TURNOVER Portfolio Turnover 43.96% VOLATILITY MEASURES (3 YEARS) Standard Deviation 3.27 Beta 0.85 Sharpe Ratio* 0.03 * Annualised. Risk-free rate assumed to be 6.84% (FBIL OVERNIGHT MIBOR) EXPENSE RATIO : 2.93% EXPENSE RATIO (DIRECT) : 2.17% The rates specified are the actual average expenses includes the Service tax on Investment Management Fees.The above ratio also includes, proportionate charge in bps on daily net, wherever applicable ` 5000/1 ` 1000/1 ` crores ` crores ENTRY LOAD Nil EXIT LOAD 1% if redeemed/switchedout within three years of allotment *Includes service tax on investment management fees Auto Hyundai Motor Co (South Korea) Tata Motors Ltd Banks Shinhan Financial (South Korea)* Kasikornbank Pcl (Thailand) BK Central Asia (Indonesia) Chinatrust Financial Holding Co (Taiwan) HDFC BANK LTD DBS Group Holdings (Singapore) Yes Bank Ltd Cement Siam Cement (Thailand) Construction China Overseas Land & Investment (Hong Kong)* CHEIL Industries (South Korea) China Overseas Property Holdings Ltd Consumer Durables Largan Precision (Taiwan) Titan Co Ltd Havells India Ltd Nestle Lanka (Sri Lanka) Giant Manufacturing Co (Taiwan) Consumer Non Durables L'Occitane International Sa (Hong Kong) Samsonite (Hong Kong) Eleven Malaysia Holdings (Malysia) Nestle (Malaysia) Kaveri Seed Co Ltd Hindustan Unilever Ltd Finance AIA Group (Hong Kong)* Meritz Fire & Marine Insurance (South Korea)* Ping An Insurance (Hong Kong) Singapore Exchange (Singapore) Motilal Oswal Financial Services Ltd Mahindra & Mahindra Financial Services Ltd Hardware Taiwan Semiconductor Manufacturing (Taiwan)* Samsung Electronics (South Korea)* Silergy Corp (Taiwan) Samsung SDI (South Korea) Flexium Interconnect (Taiwan) Sapphire Technology (South Korea) SIMM Tech Co (South Korea) SIMM Tech Holding (South Korea) Hotels/resorts & Other Recreational Activities Indian Hotels Co Ltd Indian Hotels Co. Ltd., Compulsorily Converible Debentures, 0.00%, 01-Mar SIP - If you had invested ` every month in FAEF Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends assumed to be reinvested and Bonus is adjusted. Load is not taken into consideration. On account of difference in the type/category, asset allocation or investment strategy, inception dates, performances of these funds are not strictly comparable. Please refer to for details on performance of all schemes (including Direct Plans). B: Benchmark, AB: Additional Benchmark. Media & Entertainment Surya Citra (Indonesia) Jagran Prakashan Ltd Major Cineplex (Thailand) BEC World (Thailand) Pharmaceuticals Sun Pharmaceutical Industries Ltd Retailing Alibaba Group (USA)* Techtronics Industries (Hong Kong) CP All PCL (Thailand) Matahari Department Store (Indonesia) Hyundai Dept Stores (South Korea) Software Tencent Holdings (Hong Kong)* Baidu INC (ADR)* Cognizant Technology (USA) Telecom - Services Bharti Airtel Ltd Transportation Citrip.com (USA)* Total Equity Holding Total Equity Holding Call, Cash and other current asset Total Asset * Top 10 holdings 1 Year 3 Year 5 Year 7 Year Since Inception Total amount Invested (Rs) 120, , , , ,000 Total value as on Sep 30, 2015 (Rs) 106, , ,506 1,055,747 1,194,957 Returns % -1.38% 3.62% 6.43% 6.36% Total value of B:MSCI Asia (ex Japan) 105, , ,321 1,059,912 1,192,720 B:MSCI Asia (ex Japan) Returns % -2.85% 2.88% 6.54% 6.31% Total value of AB:Nifty , , ,864 1,239,395 1,389,219 AB:Nifty 50 Returns -9.94% 10.42% 10.18% 10.93% 10.14% Sector Allocation - Total Assets OTHERS (INCLUDES CALL, CASH & OTHER CURRENT ASSETS) 2.13% HOTELS/RESORTS & OTHER RECREATIONAL ACTIVITIES 0.79% TELECOM - SERVICES 1.62% CEMENT 1.91% PHARMACEUTICALS 2.55% AUTO 2.91% TRANSPORTATION 3.42% CONSTRUCTION 4.44% MEDIA & ENTERTAINMENT 4.68% CONSUMER DURABLES 4.84% CONSUMER NON DURABLES 5.93% RETAILING 7.83% SOFTWARE 9.06% FINANCE BANKS HARDWARE 14.43% 15.32% 18.14% Long term capital appreciation A fund that invests in stocks of Asian companies / sectors (excluding Japan) principal will be at High risk 12

13 Franklin India Opportunities Fund FIOF The fund manager seeks long term capital appreciation by focusing on companies that operate in the space where India has a strong competitive advantage, companies that are globally competitive and those that are grossly undervalued or have high growth potential An Open-end Diversified scheme The investment objective of Franklin India Opportunities Fund (FIOF) is to generate capital appreciation by capitalizing on the long-term growth opportunities in the Indian economy. February 21, 2000 R Janakiraman S&P BSE 200 ` crores ` crores TURNOVER Portfolio Turnover 15.78% ` 5000/1 ` 1000/1 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 - TOP 10 HOLDINGS Sector allocation - Total Auto Tata Motors Ltd.* Maruti Suzuki India Ltd.* Banks HDFC Bank Ltd.* ICICI Bank Ltd.* Yes Bank Ltd.* State Bank of India* Axis Bank Ltd.* For SIP returns of this fund please refer to Scheme Performance/ SIP returns section Growth Plan ` Dividend Plan ` Direct - Growth Plan ` Direct - Dividend Plan ` OTHERS (INCLUDES CALL, CASH & OTHER CURRENT ASSETS) CHEMICALS CONSTRUCTION PHARMACEUTICALS INDUSTRIAL CAPITAL GOODS SERVICES OIL PETROLEUM PRODUCTS AUTO ANCILLARIES CEMENT CONSUMER NON DURABLES TELECOM - SERVICES INDUSTRIAL PRODUCTS CONSTRUCTION PROJECT SOFTWARE AUTO BANKS 6.57% 1.04% 1.63% 1.70% 1.83% 2.04% 2.43% 3.01% 3.01% 4.22% 4.55% 4.95% 5.85% 5.92% 10.19% 12.70% EXPENSE RATIO : 2.93% EXPENSE RATIO (DIRECT) : 2.15% The rates specified are the actual average expenses includes the Service tax on Investment Management Fees.The above ratio also includes, proportionate charge in bps on daily net, wherever applicable 28.36% Long term capital appreciation A fund that takes concentrated stock or sector exposures based on four themes Construction Project Larsen & Toubro Ltd.* Software Infosys Ltd.* Telecom - Services Bharti Airtel Ltd.* Total Equity Holding Total Debt Holding Call, Cash and other current asset Total Asset * Top 10 holdings VOLATILITY MEASURES (3 YEARS) Standard Deviation 4.50 Beta 1.06 Sharpe Ratio* 0.82 * Annualised. Risk-free rate assumed to be 6.84% (FBIL OVERNIGHT MIBOR) principal will be at High risk Franklin Build India Fund FBIF An Open-end Equity Fund The Scheme seeks to achieve capital appreciation through investments in companies engaged either directly or indirectly in infrastructure-related activities. September 4, 2009 Anand Radhakrishnan & Roshi Jain Nifty 500 ` crores ` crores TURNOVER Portfolio Turnover 38.77% ` 5000/1 ` 1000/1 ENTRY LOAD Nil EXIT LOAD 1% if redeemed/switchedout within two years of allotment - TOP 10 HOLDINGS Growth Plan ` Dividend Plan ` Direct - Growth Plan ` Direct - Dividend Plan ` Sector Allocation - Total Assets Auto TVS Motor Co. Ltd.* Tata Motors Ltd., A* Maruti Suzuki India Ltd.* Banks HDFC Bank Ltd.* State Bank of India* Axis Bank Ltd.* ICICI Bank Ltd.* For SIP returns of this fund please refer to Scheme Performance/ SIP returns section OTHERS (INCLUDES CALL, CASH & OTHER CURRENT ASSETS) TRANSPORTATION MEDIA & ENTERTAINMENT HOTELS/RESORTS & OTHER RECREATIONAL ACTIVITIES PETROLEUM PRODUCTS CONSUMER NON DURABLES FERROUS METALS CONSTRUCTION INDUSTRIAL CAPITAL GOODS POWER PESTICIDES PHARMACEUTICALS CONSUMER DURABLES CONSTRUCTION PROJECT INDUSTRIAL PRODUCTS CEMENT TELECOM - SERVICES AUTO BANKS 9.03% 0.35% 0.85% 1.01% 1.18% 1.27% 1.30% 1.48% 1.64% 1.93% 2.06% 2.68% 3.01% 3.60% 5.62% 6.05% 8.15% EXPENSE RATIO : 2.86% EXPENSE RATIO (DIRECT) : 1.53% The rates specified are the actual average expenses includes the Service tax on Investment Management Fees.The above ratio also includes, proportionate charge in bps on daily net, wherever applicable 16.91% 31.88% Construction Project Larsen & Toubro Ltd.* Telecom - Services Idea Cellular Ltd.* Bharti Airtel Ltd.* Total Equity Holding Total Debt Holding Call, Cash and other current asset Total Asset Long term capital appreciation A fund that invests in Infrastructure and allied sectors * Top 10 holdings VOLATILITY MEASURES (3 YEARS) Standard Deviation 5.33 Beta 1.17 Sharpe Ratio* 1.28 * Annualised. Risk-free rate assumed to be 6.84% (FBIL OVERNIGHT MIBOR) principal will be at High risk 13

14 Templeton India Equity Income Fund TIEIF Templeton Equity Portfolio Managers adopt a long term disciplined approach of investing and use the value style of investing along with focus on stocks with attractive dividend yields, both in India and overseas. An Open-end Diversified Equity Fund TIEIF is an open-end diversified equity fund that seeks to provide a combination of regular income and long-term capital appreciation by investing primarily in stocks that have a current or potentially attractive dividend yield. May 18, 2006 Chetan Sehgal & Vikas Chiranewal (Dedicated for investments in foreign securities) S&P BSE 200 Growth Plan ` Dividend Plan ` Direct - Growth Plan ` Direct - Dividend Plan ` TURNOVER Portfolio Turnover 15.31% VOLATILITY MEASURES (3 YEARS) Standard Deviation 3.76 Beta 0.75 Sharpe Ratio* 0.63 * Annualised. Risk-free rate assumed to be 6.84% (FBIL OVERNIGHT MIBOR) EXPENSE RATIO : 2.50% ` crores ` crores EXPENSE RATIO (DIRECT) : 1.94% The rates specified are the actual average expenses includes the Service tax on Investment Management Fees.The above ratio also includes, proportionate charge in bps on daily net, wherever applicable ` 5000/1 ` 1000/1 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 Auto Sector Allocation - Total Assets Tata Motors Ltd* Auto Ancillaries Mahle-Metal Leve (Brazil)* Banks HDFC Bank Ltd* ICICI Bank Ltd* Federal Bank Ltd Cement Grasim Industries Ltd* JK Cement Ltd Chemicals Tata Chemicals Ltd* Consumer Non Durables Uni-President Enterprises Corp (Taiwan) Embotelladora Andina SA (Chile) Finance Bajaj Holdings And Investment Ltd* Tata Investment Corp Ltd* Sundaram Finance Ltd Is Yatirim Menkul Degerler As (Turkey) Gas Gail India Ltd Industrial Capital Goods Chongqing Machinery and Electric Company (Hong Kong) Minerals/mining Coal India Ltd Oil Oil & Natural Gas Corp Ltd SIP - If you had invested ` every month in TIEIF Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends assumed to be reinvested and Bonus is adjusted. Load is not taken into consideration. On account of difference in the type/category, asset allocation or investment strategy, inception dates, performances of these funds are not strictly comparable. Please refer to for details on performance of all schemes (including Direct Plans). B: Benchmark, AB: Additional Benchmark. Cairn India Ltd Petroleum Products Reliance Industries Ltd Pharmaceuticals Dr Reddy'S Laboratories Ltd Retailing GS Home Shopping (South Korea) LG Fashion (South Korea) Semiconductors Novatek Microelectronics Corporation (Taiwan) United Microelectronics Corporation (Taiwan) Software Infosys Ltd* Travelsky Technology (Hong Kong) Transportation Cosco Pacific (Hong Kong)* Total Equity Holding Total Equity Holding Total Debt Holding Call, Cash and other current asset Total Asset * Top 10 holdings 1 Year 3 Year 5 Year 7 Year Since Inception Total amount Invested (Rs) 120, , , ,000 1,130,000 Total value as on Sep 30, 2015 (Rs) 113, , ,292 1,411,071 2,133,231 Returns -9.78% 13.26% 12.77% 14.57% 13.01% Total value of B:S&P BSE , , ,868 1,287,095 1,849,723 B:S&P BSE 200 Returns -7.29% 13.03% 11.56% 11.99% 10.14% Total value of AB:Nifty , , ,864 1,239,395 1,792,621 AB:Nifty 50 Returns -9.94% 10.42% 10.18% 10.93% 9.51% OTHERS (INCLUDES CALL, CASH & OTHER CURRENT ASSETS) MINERALS/MINING GAS CONSUMER NON DURABLES INDUSTRIAL CAPITAL GOODS PHARMACEUTICALS SEMICONDUCTORS PETROLEUM PRODUCTS RETAILING TRANSPORTATION OIL AUTO AUTO ANCILLARIES SOFTWARE CEMENT CHEMICALS BANKS FINANCE 1.97% 0.42% 0.68% 1.16% 1.73% 2.36% 2.39% 2.74% 2.81% 3.51% 4.00% 4.41% 5.78% 7.28% 8.84% 13.13% 16.91% 19.87% Long term capital appreciation A fund that focuses on Indian and emerging market stocks - a value fund taking into account dividend yield of stocks principal will be at High risk 14

15 Franklin India Taxshield This is a Simple and Performing scheme which is eligible for distribution by new cadre of distributors. FIT The fund manager seeks steady growth by maintaining a diversified portfolio of equities across sectors and market cap ranges. An Open-End Equity Linked Savings Scheme The primary objective for Franklin India Taxshield is to provide medium to long term growth of capital along with income tax rebate. April 10, 1999 Anand Radhakrishnan Nifty 500 Growth Plan ` Dividend Plan ` Direct - Growth Plan ` Direct - Dividend Plan ` TURNOVER Portfolio Turnover 25.45% VOLATILITY MEASURES (3 YEARS) Standard Deviation 3.87 Beta 0.87 Sharpe Ratio* 1.06 * Annualised. Risk-free rate assumed to be 6.84% (FBIL OVERNIGHT MIBOR) EXPENSE RATIO : 2.44% EXPENSE RATIO (DIRECT) : 1.58% The rates specified are the actual average expenses includes the Service tax on Investment Management Fees.The above ratio also includes, proportionate charge in bps on daily net, wherever applicable ` 500/500 ` 500/500 ENTRY LOAD Nil EXIT LOAD Nil TAX BENEFITS LOCK-IN-PERIOD ` 1, crores ` 1, crores Auto Tata Motors Ltd.* Mahindra & Mahindra Ltd Hero Motocorp Ltd TVS Motor Co. Ltd Eicher Motors Ltd Auto Ancillaries Amara Raja Batteries Ltd Balkrishna Industries Ltd Exide Industries Ltd Apollo Tyres Ltd Banks HDFC Bank Ltd.* ICICI Bank Ltd.* IndusInd Bank Ltd.* Yes Bank Ltd.* Kotak Mahindra Bank Ltd.* Axis Bank Ltd Karur Vysya Bank Ltd Federal Bank Ltd State Bank of India Punjab National Bank Ltd Cement Ultra Tech Cement Ltd Grasim Industries Ltd ACC Ltd Chemicals Pidilite Industries Ltd Aarti Industries Ltd Construction Project Larsen & Toubro Ltd Voltas Ltd Consumer Durables Havell's India Ltd Consumer Non Durables Marico Ltd ITC Ltd United Breweries Ltd Asian Paints Ltd Jubilant Foodworks Ltd Finance Credit Analysis and Research Ltd Gas Gujarat State Petronet Ltd Petronet LNG Ltd Industrial Capital Goods Crompton Greaves Ltd SIP - If you had invested ` every month in FIT Industrial Products Cummins India Ltd Greaves Cotton Ltd SKF India Ltd Shakti Pumps India Ltd Media & Entertainment Jagran Prakashan Ltd HT Media Ltd Minerals/mining Gujarat Mineral Development Corp. Ltd Petroleum Products Bharat Petroleum Corp. Ltd Reliance Industries Ltd Pharmaceuticals Dr. Reddy's Laboratories Ltd.* Torrent Pharmaceuticals Ltd.* Cadila Healthcare Ltd Sun Pharmaceutical Industries Ltd IPCA Laboratories Ltd Services Aditya Birla Nuvo Ltd Software Infosys Ltd.* Wipro Ltd HCL Technologies Ltd Tata Consultancy Services Ltd Telecom - Services Bharti Airtel Ltd.* Tata Communications Ltd Textile Products Arvind Ltd Transportation Gujarat Pipavav Port Ltd Gateway Distriparks Ltd Unlisted Quantum Information Services Globsyn Technologies Ltd Numero Uno International Ltd Total Equity Holding Total Equity Holding Total Debt Holding Call, Cash and other current asset Total Asset * Top 10 holdings 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception Total amount Invested (Rs) 120, , , ,000 1,200,000 1,980,000 Total value as on Sep 30, 2015 (Rs) 122, ,893 1,007,913 1,733,309 2,935,426 15,761,592 Returns 3.94% 25.85% 20.89% 20.34% 17.05% 22.11% Total value of B:Nifty , , ,205 1,300,172 2,046,182 7,424,372 B:Nifty 500 Returns -6.48% 14.07% 12.17% 12.27% 10.30% 14.49% Total value of AB:Nifty , , ,864 1,239,395 1,986,863 6,723,473 AB:Nifty 50 Returns -9.94% 10.42% 10.18% 10.93% 9.74% 13.46% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends assumed to be reinvested and Bonus is adjusted. Load is not taken into consideration. On account of difference in the type/category, asset allocation or investment strategy, inception dates, performances of these funds are not strictly comparable. Please refer to for details on performance of all schemes (including Direct Plans). B: Benchmark, AB: Additional Benchmark. Sector Allocation - Total Assets OTHERS (INCLUDES CALL, CASH & OTHER CURRENT ASSETS) 5.11% MINERALS/MINING 0.50% INDUSTRIAL CAPITAL GOODS 0.52% TEXTILE PRODUCTS 0.86% CONSUMER DURABLES 1.08% FINANCE 1.12% SERVICES 1.14% GAS 1.24% MEDIA & ENTERTAINMENT 1.46% CHEMICALS 2.49% TRANSPORTATION 2.53% CONSTRUCTION PROJECT 3.08% PETROLEUM PRODUCTS 3.15% INDUSTRIAL PRODUCTS 3.77% CEMENT 3.96% TELECOM - SERVICES 4.40% AUTO ANCILLARIES 4.50% CONSUMER NON DURABLES 5.47% AUTO 8.02% PHARMACEUTICALS 8.82% SOFTWARE 10.13% BANKS 26.67% Long term capital appreciation An ELSS fund offering tax benefits under Section 80C of the Income Tax Act principal will be at High risk 15

16 Franklin India Smaller Companies Fund FISCF An Open end Diversified Equity Fund The Fund seeks to provide long-term capital appreciation by investing in mid and small cap companies. January 13, 2006 (Launched as a closed end scheme, the scheme was converted into an open end scheme effective January 14, 2011). R. Janakiraman & Roshi Jain Nifty Midcap 100 Growth Plan ` Dividend Plan ` Direct - Growth Plan ` Direct - Dividend Plan ` TURNOVER Portfolio Turnover 13.66% * Annualised. Risk-free rate assumed to be 6.84% (FBIL OVERNIGHT MIBOR) EXPENSE RATIO : 2.38% ` 2, crores ` 2, crores VOLATILITY MEASURES (3 YEARS) Standard Deviation 4.70 Beta 0.81 Sharpe Ratio* 1.68 EXPENSE RATIO (DIRECT) : 1.11% The rates specified are the actual average expenses includes the Service tax on Investment Management Fees.The above ratio also includes, proportionate charge in bps on daily net, wherever applicable ` 5000/1 ` 1000/1 ENTRY LOAD Nil EXIT LOAD 1% if the Units are redeemed/switched-out within one year of allotment Auto Tata Motors Ltd., A* Auto Ancillaries Amara Raja Batteries Ltd Banco Products India Ltd Wabco India Ltd Banks Yes Bank Ltd.* HDFC Bank Ltd.* Karur Vysya Bank Ltd Axis Bank Ltd IndusInd Bank Ltd City Union Bank Ltd ICICI Bank Ltd Cement JK Lakshmi Cement Ltd Orient Cement Ltd Ramco Cements Ltd Cement Products Ahluwalia Contracts Ltd Chemicals Atul Ltd.* Pidilite Industries Ltd Deepak Fertilizers & Petrochemicals Corp. Ltd Commercial Services Nesco Ltd Construction Sobha Ltd KNR Constructions Ltd Brigade Enterprises Ltd L.G. Balakrishnan & Brothers Ltd Consolidated Construction Consortium Ltd Construction Project Voltas Ltd.* Consumer Durables Hitachi Home & Life Solutions Ltd Century Plyboards India Ltd Blue Star Ltd Consumer Non Durables Berger Paints India Ltd Kaveri Seed Co. Ltd Ferrous Metals Pennar Industries Ltd Finance Repco Home Finance Ltd.* Motilal Oswal Financial Services Ltd Geojit BNP Paribas Financial Services Ltd Gas Aegis Logistics Ltd Hotels/resorts & Other Recreational Activities Talwalkars Better Value Fitness Ltd Industrial Capital Goods Lakshmi Machine Works Ltd SIP - If you had invested ` every month in FISCF 1 Year 3 Year Bharat Electronics Ltd Triveni Turbine Ltd Voltamp Transformers Ltd Industrial Products Finolex Cables Ltd.* FAG Bearings (India) Ltd.* Greaves Cotton Ltd.* Finolex Industries Ltd Timken India Ltd SKF India Ltd M.M. Forgings Ltd Grindwell Norton Ltd Carborundum Universal Ltd Swaraj Engines Ltd NRB Bearings Ltd Shakti Pumps India Ltd Media & Entertainment TV Today Network Navneet Education Ltd Entertainment Network India Ltd HT Media Ltd Jagran Prakashan Ltd Minerals/mining Gujarat Mineral Development Corp. Ltd Pesticides PI Industries Ltd Petroleum Products Gulf Oil Lubricants India Ltd Pharmaceuticals J.B. Chemicals & Pharmaceuticals Ltd IPCA Laboratories Ltd Software Eclerx Services Ltd.* Mindtree Ltd Cyient Ltd NIIT Technologies Ltd Telecom - Services Bharti Airtel Ltd Textile Products Himatsingka Seide Ltd Transportation Gujarat Pipavav Port Ltd Navkar Corp. Ltd VRL Logistics Ltd Total Equity Holding * Top 10 holdings Since Jan 14, 2011 Total amount Invested (Rs) 120, , ,000 Total value as on Sep 30, 2015 (Rs) 124, ,781 1,225,440 Returns 6.80% 39.37% 33.10% Total value of B:Nifty Midcap , , ,370 B:Nifty Midcap 100 Returns 2.76% 23.20% 17.98% Total value of AB:Nifty , , ,745 AB:Nifty 50 Returns -9.94% 10.42% 10.77% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends assumed to be reinvested and Bonus is adjusted. Load is not taken into consideration. On account of difference in the type/category, asset allocation or investment strategy, inception dates, performances of these funds are not strictly comparable. Please refer to for details on performance of all schemes (including Direct Plans). B: Benchmark, AB: Additional Benchmark. Sector Allocation - Total Assets OTHERS (INCLUDES CALL, CASH & OTHER CURRENT ASSETS) MINERALS/MINING HOTELS/RESORTS & OTHER RECREATIONAL ACTIVITIES TELECOM - SERVICES CEMENT PRODUCTS GAS PESTICIDES FERROUS METALS COMMERCIAL SERVICES TEXTILE PRODUCTS PETROLEUM PRODUCTS CONSUMER NON DURABLES CONSTRUCTION PROJECT AUTO PHARMACEUTICALS TRANSPORTATION AUTO ANCILLARIES CEMENT CONSUMER DURABLES CHEMICALS FINANCE INDUSTRIAL CAPITAL GOODS CONSTRUCTION MEDIA & ENTERTAINMENT SOFTWARE BANKS INDUSTRIAL PRODUCTS 0.45% 0.56% 0.73% 0.78% 0.94% 1.06% 1.09% 1.28% 1.36% 1.75% 1.90% 2.35% 2.38% 2.45% 2.66% 2.92% 3.20% 3.52% 3.73% 3.79% 3.91% 4.60% 5.90% 6.49% 9.46% 12.72% 18.01% Total Equity Holding Total Debt Holding Call, Cash and other current asset Total Asset Long term capital appreciation A fund that invests primarily in small and mid-cap companies principal will be at High risk 16

17 Franklin India Index Fund - NSE NIFTY Plan FIIF The fund manager follows a passive style of equity investing An Open-end Index linked growth Scheme The Investment Objective of the Scheme is to invest in companies whose securities are included in the Nifty and subject to tracking errors, endeavouring to attain results commensurate with the Nifty 50 under NSE Nifty Plan. August 4, 2000 Varun Sharma (w.e.f. Nov 30, 2015) Nifty 50 ` crores ` crores ` 5000/1 ` 1000/1 ENTRY LOAD Nil EXIT LOAD 1% (if redeemed/switchedout within 30 days from date of allotment) - TOP 10 HOLDINGS EXPENSE RATIO : 1.04% EXPENSE RATIO (DIRECT) : 0.55% Infosys Ltd.* HDFC Bank Ltd.* ITC Ltd.* Housing Development Finance Corp. Ltd.* ICICI Bank Ltd.* Reliance Industries Ltd.* Tata Consultancy Services Ltd.* Growth Plan ` Dividend Plan ` Direct - Growth Plan ` Direct - Dividend Plan ` TRACKING ERROR (for 3 year period) : 0.45% The rates specified are the actual average expenses charged for the month of November The above ratio includes the Service tax on Investment Management Fees.The above ratio also includes, proportionate charge in respect sales beyond T-15 cities subject to maximum of 30 bps on daily net, wherever applicable Note : Sector allocation as per Nifty 50 Larsen & Toubro Ltd.* Axis Bank Ltd.* State Bank of India* Total Equity Holding Total Equity Holding Total Debt Holding Call, cash and other current asset Total Asset For SIP returns of this fund please refer to Scheme Performance/ SIP returns section * Top 10 Holdings principal will be at High risk Franklin Infotech Fund FIF The fund manager seeks growth of capital by focusing on companies in the information technology sector An Open-end growth scheme The investment objective of Franklin Infotech Fund is to provide longterm capital appreciation by investing primarily in the information technology industry. August 22, 1998 Anand Radhakrishnan, Varun Sharma (w.e.f. Nov 30, 2015) S&P BSE Information Technology ` crores ` crores TURNOVER 0.00% ` 5000/1 ` 1000/1 ENTRY LOAD Nil EXIT LOAD 1% if redeemed/switchedout within two years of allotment Software Infosys Ltd* Tata Consultancy Services Ltd* Wipro Ltd* Cyient Ltd* Hcl Technologies Ltd* Oracle Financial Services Software Ltd* Tech Mahindra Ltd* Eclerx Services Ltd* Firstsource Solutions Ltd.* Growth Plan ` Dividend Plan ` Direct - Growth Plan ` Direct - Dividend Plan ` Sector Allocation - Total Assets OTHERS (INCLUDES CALL, CASH & OTHER CURRENT ASSETS) FOREIGN MUTUAL FUND UNITS SOFTWARE 1.70% 8.14% Mindtree Ltd Foreign Mutual Fund Units Franklin Technology Fund, Class J* Unlisted EXPENSE RATIO : 2.90% EXPENSE RATIO (DIRECT) : 2.14% Collabera Solutions Private Ltd Total Equity Holding For SIP returns of this fund please refer to Scheme Performance/ SIP returns section The rates specified are the actual average expenses includes the Service tax on Investment Management Fees.The above ratio also includes, proportionate charge in bps on daily net, wherever applicable 90.16% Long term capital appreciation A fund that invests in stocks of companies in the Information Technology sector Total Holding Call, Cash and other current asset Total Asset * Top 10 Holdings VOLATILITY MEASURES (3 YEARS) Standard Deviation 6.15 Beta 0.87 Sharpe Ratio* 0.69 * Annualised. Risk-free rate assumed to be 6.84% (FBIL OVERNIGHT MIBOR) principal will be at High risk 17

18 Franklin India Balanced Fund FIBF The fund manager seeks to strike an optimum balance between growth and stability, by maintaining a diversified portfolio of equities and managing interest rate movements and credit risk on the fixed income component An Open-end balanced scheme The investment objective of Franklin India Balanced Fund is to provide long-term growth of capital and current income by investing in equity and equity related securities and fixed income instruments. December 10, 1999 Anand Radhakrishnan, Sachin Padwal-Desai & Umesh Sharma Crisil Balanced Fund Index Growth Plan ` Dividend Plan ` Direct - Growth Plan ` Direct - Dividend Plan ` ` crores ` crores MATURITY & YIELD AVERAGE MATURITY Years YIELD 8.68% MODIFIED DURATION 6.10 Years Calculated based on debt holdings in the portfolio EXPENSE RATIO : 2.67% EXPENSE RATIO (DIRECT) : 1.46% The rates specified are the actual average expenses charged for the month of November The above ratio includes the Service tax on Investment Management Fees.The above ratio also includes, proportionate charge in respect sales beyond T-15 cities subject to maximum of 30 bps on daily net, wherever applicable ` 5000/1 ` 1000/1 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 Auto Tata Motors Ltd.* Mahindra & Mahindra Ltd TVS Motor Co. Ltd Hero Motocorp Ltd Eicher Motors Ltd Auto Ancillaries Amara Raja Batteries Ltd Balkrishna Industries Ltd Banks HDFC Bank Ltd.* Kotak Mahindra Bank Ltd.* ICICI Bank Ltd.* IndusInd Bank Ltd.* Axis Bank Ltd.* Yes Bank Ltd.* Karur Vysya Bank Ltd Cement Ultra Tech Cement Ltd Chemicals Pidilite Industries Ltd Construction Project Larsen & Toubro Ltd.* Consumer Non Durables Asian Paints Ltd Marico Ltd United Breweries Ltd ITC Ltd Gas Gujarat State Petronet Ltd Industrial Products Cummins India Ltd Greaves Cotton Ltd Media & Entertainment Jagran Prakashan Ltd Minerals/mining Coal India Ltd Petroleum Products Reliance Industries Ltd Bharat Petroleum Corp. Ltd Composition by Assets Debt Holdings Rating Pharmaceuticals Dr. Reddy's Laboratories Ltd Torrent Pharmaceuticals Ltd Cadila Healthcare Ltd Sun Pharmaceutical Industries Ltd Services Aditya Birla Nuvo Ltd Software Infosys Ltd.* HCL Technologies Ltd Wipro Ltd Telecom - Services Bharti Airtel Ltd.* Tata Communications Ltd Textile Products Arvind Ltd Transportation Gateway Distriparks Ltd Gujarat Pipavav Port Ltd Unlisted Globsyn Technologies Ltd Numero Uno International Ltd Total Equity Holding % GOI 2030 SOVEREIGN Dewan Housing Finance Corp Ltd CARE AAA HPCL-Mittal Pipelines Ltd ICRA AA HPCL-Mittal Energy Ltd ICRA AA % GOI 2045 SOVEREIGN % GOI 2044 SOVEREIGN % GOI 2033 SOVEREIGN % GOI 2023 SOVEREIGN Total Debt Holding Total Equity Holding Total Debt Holding Call, Cash and other current asset Total Asset Debt Portfolio : Composition by Rating * Top 10 holdings Equity 65.23% Debt 31.92% Other Current Asset 2.85% CARE AAA ICRA AA SOVEREIGN Equity Portfolio : Sector Allocation MEDIA & ENTERTAINMENT TEXTILE PRODUCTS GAS CHEMICALS MINERALS/MINING CEMENT AUTO ANCILLARIES SERVICES INDUSTRIAL PRODUCTS TRANSPORTATION CONSTRUCTION PROJECT TELECOM - SERVICES PETROLEUM PRODUCTS CONSUMER NON DURABLES PHARMACEUTICALS SOFTWARE AUTO BANKS 1.23% 1.24% 1.25% 1.26% 1.29% 2.74% 2.87% 2.88% 2.93% 2.97% 4.03% 5.19% 5.32% 5.97% 9.04% 10.20% 11.28% 28.30% Note : Sector Allocation is provided as a percentage of Equity holding totaling to 100% Composition by Rating is provided as a percentage of Debt Holding totaling to 100% Long term capital appreciation with current income A fund that invests both in stocks and fixed income instruments offering a balanced exposure to the asset classes principal will be at High risk 18

19 Franklin India Pension Plan FIPEP The fund manager seeks steady capital appreciation by maintaining a diversified portfolio of equities and seeks to earn regular income on the fixed income component by managing interest rate movements and credit risk. An Open-end Tax Saving Fund The Fund seeks to provide investors regular income under the Dividend Plan and capital appreciation under the Growth Plan. March 31, 1997 Anand Radhakrishnan, Sachin Padwal-Desai & Umesh Sharma 40% Nifty % Crisil Composite Bond Fund Index Growth Plan ` Dividend Plan ` Direct - Growth Plan ` Direct - Dividend Plan ` MATURITY & YIELD AVERAGE MATURITY YIELD MODIFIED DURATION ` crores ` crores years 8.76% 6.37 years Calculated based on debt holdings in the portfolio EXPENSE RATIO : 2.47% EXPENSE RATIO (DIRECT) : 1.70% The rates specified are the actual average expenses includes the Service tax on Investment Management Fees. The above ratio also includes, proportionate charge in bps on daily net, wherever applicable ` 500/1 ` 500/1 ENTRY LOAD Nil EXIT LOAD 3%, if redeemed before the age of 58 years (subject to lock-in period) and target amount Nil, if redeemed after the age of 58 years TAX BENEFITS LOCK-IN PERIOD & MINIMUM TARGET INVESTMENT All subscriptions in FIPEP are locked in for a period of 3 full financial years. Minimum target investment ` 10,000 before the age of 60 years. *Conditions Apply Equity Portfolio : Sector Allocation Auto TVS Motor Co. Ltd Mahindra & Mahindra Ltd Tata Motors Ltd Hero Motocorp Ltd Eicher Motors Ltd Auto Ancillaries Amara Raja Batteries Ltd Balkrishna Industries Ltd Banks HDFC Bank Ltd.* IndusInd Bank Ltd.* ICICI Bank Ltd.* Kotak Mahindra Bank Ltd.* Axis Bank Ltd.* Yes Bank Ltd.* Karur Vysya Bank Ltd Cement Ultra Tech Cement Ltd Chemicals Pidilite Industries Ltd Construction Project Larsen & Toubro Ltd Consumer Non Durables Asian Paints Ltd Marico Ltd ITC Ltd United Breweries Ltd Gas Gujarat State Petronet Ltd Industrial Products Cummins India Ltd Greaves Cotton Ltd Media & Entertainment Jagran Prakashan Ltd Minerals/mining Coal India Ltd Petroleum Products Reliance Industries Ltd SIP - If you had invested ` every month in FIPEP 1 Year 3 Year 5 Year 7 Year Long term capital appreciation A hybrid fund investing upto 40% in equities and the balance in high quality fixed income instruments Bharat Petroleum Corp. Ltd Pharmaceuticals Torrent Pharmaceuticals Ltd.* Dr. Reddy's Laboratories Ltd Cadila Healthcare Ltd Sun Pharmaceutical Industries Ltd Services Aditya Birla Nuvo Ltd.* Software Infosys Ltd.* HCL Technologies Ltd Wipro Ltd Telecom - Services Bharti Airtel Ltd.* Tata Communications Ltd Textile Products Arvind Ltd Transportation Gateway Distriparks Ltd Gujarat Pipavav Port Ltd Total Equity Holding Debt Holdings Rating (Rs. in Lakhs) Assets 7.88% GOI 2030 SOVEREIGN HPCL-Mittal Pipelines Ltd ICRA AA Dewan Housing Finance Corp Ltd CARE AAA HPCL-Mittal Energy Ltd ICRA AA % GOI 2033 SOVEREIGN % GOI 2045 SOVEREIGN Tata Bluescope Steel Ltd CARE AA(SO) % GOI 2044 SOVEREIGN % GOI 2023 SOVEREIGN % GOI 2020 SOVEREIGN Total Debt Holding Total Equity Holding Total Debt Holding Call, Cash and other current asset Total Asset * Top 10 holdings 10 Year Since Inception Total Amount Invested (Rs.) 120, , , ,000 1,200,000 2,220,000 Total Value as on Sep 30, 2015 (Rs) 124, , ,055 1,348,829 2,175,395 8,248,869 Returns 7.37% 16.89% 14.53% 13.30% 11.45% 12.75% Total Value of Benchmark 122, , ,897 1,212,875 1,958,149 Benchmark Returns 3.65% 11.94% 10.75% 10.32% 9.47% Total Value of AB:Crisil 10 Year Gilt Index 127, , ,328 1,075,836 1,704,090 AB:Crisil 10 Year Gilt Index returns 11.14% 9.08% 8.02% 6.96% 6.82% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends assumed to be reinvested and Bonus is adjusted. Load is not taken into consideration. On account of difference in the type/category, asset allocation or investment strategy, inception dates, performances of these funds are not strictly comparable. Please refer to for details on performance of all schemes (including Direct Plans). B: Benchmark, AB: Additional Benchmark. Benchmark: 40% Nifty % Crisil Composite Bond Fund Index TEXTILE PRODUCTS MINERALS/MINING GAS CHEMICALS MEDIA & ENTERTAINMENT CEMENT CONSTRUCTION PROJECT AUTO ANCILLARIES TRANSPORTATION SERVICES INDUSTRIAL PRODUCTS PETROLEUM PRODUCTS TELECOM - SERVICES CONSUMER NON DURABLES PHARMACEUTICALS AUTO SOFTWARE BANKS 1.15% 1.32% 1.41% 1.62% 1.81% 2.04% 2.60% 2.67% 3.27% 3.52% 3.76% 4.84% 5.46% 6.03% 9.64% 10.49% 10.61% 27.74% Note : Sector Allocation is provided as a percentage of Equity holding totaling to 100% Composition by Rating is provided as a percentage of Debt Holding totaling to 100% Composition by Assets Debt Portfolio : Composition by Rating principal will be at High risk Equity 39.80% Debt 57.06% Other Current Asset 3.14% CARE AA(SO) CARE AAA ICRA AA SOVEREIGN

20 Franklin India Monthly Income An open end income scheme. Income is not assured, and is subject to the availability of distributable surplus FIMIP The fund manager strives to earn regular income (with no assured returns) in the fixed income market by actively managing the funds portfolio on interest rate movements and credit risks, while seeking to enhance the returns with a marginal equity allocation. An Open-end Income scheme (with no assured returns) The investment objective of the scheme is to provide regular income through a portfolio of predominantly high quality fixed income securities with a maximum exposure of 20% to equities. September 28, 2000 S Anand Radhakrishnan, Sachin Padwal-Desai & Umesh Sharma Crisil MIP Blended Fund Index Plan A Growth Plan ` Monthly Plan ` Quarterly Plan ` Direct - Growth Plan ` Direct - Monthly Plan ` Direct - Quarterly Plan ` ` crores ` crores MATURITY & YIELD AVERAGE MATURITY 9.44 years YIELD 8.61% MODIFIED DURATION 5.51 years Calculated based on debt holdings in the portfolio EXPENSE RATIO : 2.25% EXPENSE RATIO (DIRECT) : 1.16% The rates specified are the actual average expenses includes the Service tax on Investment Management Fees. The above ratio also includes, proportionate charge in bps on daily net, wherever applicable Plan A `10,000/1 Plan A `1000/1 Plan A 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 Sales suspended in Plan B - All Options Auto Tata Motors Ltd Hero Motocorp Ltd Mahindra & Mahindra Ltd TVS Motor Co. Ltd Eicher Motors Ltd Auto Ancillaries Amara Raja Batteries Ltd Balkrishna Industries Ltd Banks HDFC Bank Ltd ICICI Bank Ltd IndusInd Bank Ltd Kotak Mahindra Bank Ltd Axis Bank Ltd Yes Bank Ltd Karur Vysya Bank Ltd Cement Ultra Tech Cement Ltd Chemicals Pidilite Industries Ltd Construction Project Larsen & Toubro Ltd Consumer Non Durables Asian Paints Ltd Marico Ltd United Breweries Ltd ITC Ltd Gas Gujarat State Petronet Ltd Industrial Products Cummins India Ltd Greaves Cotton Ltd Media & Entertainment Jagran Prakashan Ltd Minerals/Mining Coal India Ltd Petroleum Products Reliance Industries Ltd Bharat Petroleum Corp. Ltd Pharmaceuticals Torrent Pharmaceuticals Ltd Dr. Reddy's Laboratories Ltd Cadila Healthcare Ltd Sun Pharmaceutical Industries Ltd Medium term capital appreciation with current income An MIP investing predominantly in debt instruments with marginal equity exposure Services Aditya Birla Nuvo Ltd Software Infosys Ltd HCL Technologies Ltd Wipro Ltd Telecom - Services Bharti Airtel Ltd Tata Communications Ltd Textile Products Arvind Ltd Transportation Gujarat Pipavav Port Ltd Gateway Distriparks Ltd Total Equity Holding Debt Holdings Rating HPCL Mittal Pipelines Ltd* ICRA AA HPCL-Mittal Energy Ltd* ICRA AA Dewan Housing Finance Corporation Ltd.* CARE AAA Tata Bluescope Steel Ltd* CARE AA(SO) LIC Housing Finance Ltd CRISIL AAA Total Corporate Debt Power Grid Corporation Of India Ltd* CRISIL AAA Power Finance Corporation Ltd.* CRISIL AAA Rural Electrification Corporation Ltd ICRA AAA Total PSU/PFI Bonds % GOI 2023* SOVEREIGN % GOI 2030* SOVEREIGN % GOI 2045* SOVEREIGN % GOI 2033* SOVEREIGN % GOI 2020 SOVEREIGN % GOI 2044 SOVEREIGN Total Gilts CBLO : 2.19%, Others (Cash/ Subscription/ Redemption/ Payable on purchase/ Receivable on sale/ Other Payable/ Other Receivable) : 1.79% * Top 10 holdings Composition by Assets Corporate Debt 32.30% PSU/PFI Bonds 7.51% Gilts 36.60% Other Assets 3.98% Equity 19.61% Equity Portfolio : Sector Allocation TEXTILE PRODUCTS GAS MINERALS/MINING CHEMICALS MEDIA & ENTERTAINMENT CEMENT CONSTRUCTION PROJECT TRANSPORTATION AUTO ANCILLARIES INDUSTRIAL PRODUCTS SERVICES TELECOM - SERVICES PETROLEUM PRODUCTS CONSUMER NON DURABLES PHARMACEUTICALS SOFTWARE AUTO BANKS 1.13% 1.25% 1.37% 1.65% 1.88% 2.32% 2.60% 2.68% 2.77% 3.23% 3.49% 5.35% 5.56% 5.87% 9.64% 10.51% 11.83% 26.87% Note : Sector Allocation is provided as a percentage of Equity holding totaling to 100% Composition by Rating is provided as a percentage of Debt Holding totaling to 100% Call, Cash & Other Current Assets Net Assets Debt Portfolio : Composition by Rating CARE AAA/CRISIL AAA/ICRA AAA/SOVEREIGN 56.63% CARE AA(SO)/ICRA AA % principal will be at risk 20