Franklin Templeton Quarterly Report - Equity Report - August 2012

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Quarterly Report (August 2012) from Franklin Templeton on Indian Equity Markets

Quarterly Report (August 2012) from Franklin Templeton on Indian Equity Markets

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  • 1. Equity Markets - A Perspective
  • 2. 2Agenda Market Environment – Global and India FT Funds – Franklin India Bluechip Fund – Franklin India Prima Plus – Franklin India Flexi Cap Fund Summary
  • 3. Market Environment
  • 4. 4Global markets: Sentiment improves 2011 2012YTD 15 12.78 11.53 9.68 8.38 10 6.79 5.51 5.536.48 4.71 2.84 3.94 3.20 5 0 ‐5 ‐4.36 ‐10 ‐9.41 ‐9.58 ‐15 ‐20 ‐17.34 ‐20.41 ‐19.16 ‐25 ‐21.68 ‐24.64 ‐30 MSCI AC Dow Jones S&P 500 Nikkei FTSE MSCI EM MSCI AC BSE SSE Jakarta World Eurotop AxJ Sensex Composite Composite 100 Source: Bloomberg, Stock Exchanges. As of July 30, 2012 Hopes of stimulus measures and receding worries around Eurozone crisis helped global equities rebound Gains in EM economies curbed by concerns about growth slowdown India has managed to outperform peers and developed markets (local currency basis)
  • 5. 5Global issues : De-leveraging & EuropeSource: Thomson Reuters, Credit Suisse Research Source: IIF Banks and consumers are reducing leverage and governments are looking to adopt austerity measures – impacting growth Europe : Economic data remains weak Policy newsflow has turned positive
  • 6. 6India Markets: 2011/12 Trend in FII flows into equities ($ mln) 35000 % returns 2012YTD* 2011 29321 30000 BSE Sensex 11.53 -24.64 25000 S&P CNX Nifty 13.08 -24.62 17783 20000 17639 S&P CNX 500 14.70 -27.19 15000 10799 10519 CNX Midcap 17.29 -31.00 10000 8064 BSE Smallcap 16.18 -42.61 5000 0Source: BSE & NSE. *As of July 31, 2012 -512 -5000 -10000 -15000 -12179 2005 2006 2007 2008 2009 2010 2011 YTD 2012 Source: SEBI, As of July 31, 2012 In recent months, global developments along with concerns about domestic policies have weighed on the markets. Indices are broadly trading above 2011 end levels with mid/small cap stocks outperforming Amongst sectors, tech/telecom stocks have underperformed FII flows have picked up since mid/late June and, are quite strong for 2012 - +$10.5 bln
  • 7. 7India Economy: Growth slowdown Key drivers - GDP growth IMF Growth Projections – July 2012 Outlook % GDP growth 2012 2013 World 3.5 3.9 Advanced 1.4 1.9 Economies - US 2.0 2.3 - Euro-area -0.3 0.7 - Japan 2.4 1.5 Developing 5.6 5.9 Economies - Brazil 2.5 4.6 - India 6.1 6.5Real GDP at market prices. Source: CLSA Asia-Pacific Markets, CEIC. As of July 2012 - China 8.0 8.5 Despite slowdown, growth rate still remains ahead of many peers Weakness largely due to slowdown in investment (combination of policy issues, interest rates and slowing growth) Persistently high inflation levels is weighing on household savings
  • 8. 8Concerns: Inflation Inflation Trends (WPI Headline/WPI Core/CPI) Source: CEIC, Ministry of Commerce & Industry – Office of the economic advisor, CLSA Asia-Pacific Markets Inflation: Headline numbers moving up due to food prices – further rainfall deficit can add further pressure Weakness in rupee has added imported inflation pressures – global energy prices have been under pressure Core inflation is trending lower
  • 9. 9Concerns: Twin deficits Fiscal Deficit Fiscal consolidation interrupted by global financial crisis – stimulus only partially rolled back For FY13 government has projected lower deficit, but depends on revenues and ability to curb subsidies. Rs. bn FY13P FY12 FY11 FY10 FY09 FY08 FY07 FY06 Revenue 9774 7968 8237 6060 5470 5858 4408 3593 Expenditure 14909 13187 11973 10245 8840 7127 5834 5057 Fiscal Gap -5136 -5220 -3736 -4185 -3370 -1270 -1426 -1464 Fiscal Gap (as % of GDP) 5.1% 5.9% 4.9% 6.5% 6.0% 2.5% 3.3% 4.0% Source: Budget Documents, CIRA Current Account Deficit (CA Deficit): Has worsened in recent times mainly due to expansion in gold imports Lower crude prices and fall in gold imports could help narrow deficit in FY13 $ bn FY12 FY11 FY10 FY09 FY08 FY07 FY06 Exports 310 250 182 189 166 129 106 Imports 499 381 301 309 258 191 157 Invisibles 112 85 80 92 76 52 42 CA Deficit (% of GDP) -4.2% -2.7% -2.8% -2.3% -1.3% -1.0% -1.2% CA Deficit excluding -1.0% -1.3% -1.6% -1.5% -0.9% -0.4% -0.7% gold (as % of GDP) Source: RBI, IIFL. Excluding gold reflects net gold imports
  • 10. 10India: Key Drivers – Consumption & Infrastructure Spend Population Profile Trend in infrastructure spendingSource: UN-World Population Prospects, CLSA Asia-Pacific Markets, Dec 2011 Source: Morgan Stanley Research, Sep 2011 Economy will benefit from positive demographic trends Higher share of working age population Rise in income levels to boost consumption Infrastructure spending has slowed in recent times. Will remain a key driver, as addressing infrastructural bottlenecks is critical to sustain economic growth
  • 11. 11India: Key Drivers – Savings Trend in Savings and Investment Source: CSO, Citigroup. As of Feb 2012 India’s high savings ratio is a positive, given the large financing needs Can facilitate high investment rates without adding to current account deficit Need to encourage flows into productive financial assets High share of household savings in physical assets such as gold and real estate Statutory investment requirements in government securities means a significant share of private savings is diverted to fund deficit
  • 12. 12Corporate India: Faring relatively well Corporate India’s Profits: Less volatile than most markets India Earnings Growth (%) MSCI Index/ Trends in EPS Standard Annual Coefficient Growth over 15 years Deviation EPS of variation growth India 14% 8% 1.75 China 42% 1% 30.52 Brazil 40% 10% 4.02 Russia 431% 13% 33.32 EM 28% 7% 3.79 ACWI 31% 6% 4.01 US 31% 6% 5.29Source: FactSet, MSCI, IBES Estimates, Company data, Capitaline, Morgan Stanley DM 32% 6% 5.25Research. May 2012 Source : Capitaline, CEIC, MS Research. As of Jul 2012 Despite challenges, Corporate India Gross debt/equity for more than 9,000 listed Indian companies continues to deliver healthy earnings growth Balance sheets remain in good shape - some capital intensive sectors/companies exceptions Environment ideal for bottom up stock pickers Source : CMIE, ACE Equity, CLSA Asia-Pacific Markets As of Jan 2012
  • 13. 13India Currency: Recent Weakness INR has weakened considerably Source: JP Morgan Rupee’s sharp decline mainly due to widespread risk aversion in global markets Currencies of other nations with current account deficits also exhibited sharp volatility Policymakers have taken steps to boost capital flows – revised guidelines on GAAR awaited Weak rupee could boost export competitiveness
  • 14. 14Market Valuations Key Valuation Metrics – BSE Sensex (as of Aug 9, 2012) Current Median Current/ Current as SD Markets are trading below long-term Median from Average averages both on absolute & relativePE (trailing) 14.8 16.6 0.9 -0.6 valuation basis12M Fwd PE 12.5 13.2 0.9 -0.3P/B 2.2 2.4 0.9 -0.4Dividend Yield 2.2% 2.1% 1.1 0.1P/Cash 10.2 10.1 0.9 -0.2P/Sales 1.2 1.3 0.7 -0.6EV/EBIDTA 8.4 10.5 1.0 -1.0 Note: Median/Average for BSE Sensex since Dec 1992 Source: Factset, MSCI, Bloomberg, Morgan Stanley Research. *Data as of July 12, 2012
  • 15. 15What should investors do? Invest for the long term Oft repeated cliché – but a simple and effective way to invest in equity markets While markets always fluctuate the possibility of losing money always diminishes as the investment horizon increases Maximum Minimum Average of Possibility of Possibility of Returns Returns rolling returns making money losing money 1 year 264.77% -56.26% 17.95% 61.30% 38.70% 3 years 62.16% -18.52% 13.09% 76.85% 23.15% 5 years 47.22% -7.81% 11.92% 84.54% 15.46% 7 years 29.34% -7.55% 11.91% 86.87% 13.13% 10 years 20.69% -2.81% 10.72% 97.51% 2.49%Annualized and Compounded Returns on BSE Sensex; Period – 02-Jan-1991 to 31-July-2012. Source: BSE.
  • 16. 16What should investors do? Stay invested during volatile times – timing the markets is futile Market moves tend to be sharp and quick over shorter time frames Hence missing a few of the best days in the market can reduce overall return potential Period of investment – 10 Average annual return on years ended July 31, 2012 the BSE Sensex Stayed Fully Invested 19.14% Missed the best 5 days 13.85% Missed the best 10 days 10.50% Missed the best 20 days 4.80% Missed the best 30 days 0.14% Missed the best 40 days -3.66% The table is for illustrative purposes only. Source: BSE.
  • 17. FT – Equity – Focus Funds
  • 18. 18FT: Equity Funds FT has a broad range of equity funds to suit the current environment and future opportunities All these funds focus on long term fundamentals and stock picking – essential to identify quality companies in this environment The equity fund range consists of funds that have a performance track record of around 19 years and core investment team has remained unchanged for most of this period. Fund Investment focus Inception date Franklin India Bluechip Fund Invests in large cap companies December 1, 1993 Franklin India Prima Plus Primarily a large cap fund with some September 29, 1994 allocation to small/mid cap stocks that have high growth potential Franklin India Flexi Cap Fund Invests in companies across the market March 2, 2005 range
  • 19. 19Franklin India Bluechip FundFund Description Open-end fund with clear focus on large cap companies, Growth Blend Value irrespective of market conditions LargeInception Date December 1, 1993 MediumAssets Rs. 4,802.65 crores (July 31, 2012) SmallManaged by Anand Radhakrishnan, Anand Vasudevan Style ConsistencyInvestment Style Blend of ‘growth’ and ‘value’Salient Points One of the oldest funds with a consistent performance track record across market cycles – 19 year track record! Remains true to its label Normally has about 35 to 40 stocks in its portfolio Adopts a buy-hold strategy and has low portfolio churn ratio Suitable as a core holding for all equity portfolios Source: Morningstar From Dec’93 to Jul’12
  • 20. 20Franklin India Bluechip Fund Top 10 holdings Sector Share of Top Sector Allocations Share of equity AUM equity AUM ICICI Bank Banks 8.10% Banks 25.84% Bharti Airtel Telecom – Services 6.75% Telecom - Services 9.02% Infosys Software 5.80% Pharmaceuticals 8.91% HDFC Bank Banks 5.14% Software 8.53% Grasim Cement 4.66% Power 7.07% Reliance Industries Petroleum Products 3.87% Petroleum Products 5.93% Oil & Natural Gas Oil 3.27% Cement 5.88% Corporation Consumer Non Durables 5.71% Kotak Mahindra Bank Banks 3.01% Auto 4.19% Dr. Reddys Pharmaceuticals 2.86% Oil 3.53% IndusInd Bank Banks 2.78% Rest 15.39% Total 46.24% Total 100.00% As of July 31, 2012 These securities represent the ten largest holdings held in the Fund as of the date indicated. These securities do not represent all of the securities purchased, sold or Recommended for advisory clients, and the reader should not assume that investment in the securities listed was or will be profitable. Holdings are subject to change.
  • 21. 21Franklin India Bluechip FundLong-term Cumulative Fund Performance (as of Jun 29, 2012)Refer Annexure for detailed performance disclosuresGrowth Option NAV as at June 29, 2012: (Rs.) 209.5208 Fund Manager: Anand Radhakrishnan, Anand Vasudevan Growth Plan NAV Per FIBCF BSE Sensex S&P CNX Nifty Unit (Rs.)Last 1 year (Jun 30, 2011 to Jun 29, 2012) 216.5858 -3.26% -7.51% -6.53%Last 2 years (Jun 30, 2010 to Jun 29, 2012) 196.4388 3.28% -0.77% -0.32%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 151.4629 11.42% 6.34% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 142.4306 8.02% 3.53% 4.09%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 21.95 25.28% 18.29% 17.42%Last 15 years (Jun 30, 1997 to Jun 29, 2012) 13.57 25.68% 9.85% 10.42%Since inception till Jun 29, 2012 10 23.46% 9.38% 9.32%Current Value of Standard Investment of Rs. 10000 invested at the beginning of the periodLast 2 years 10,666 9,847 9,937Last 3 years 13,833 12,026 12,302Last 5 years 14,710 11,897 12,224Last 10 years 95,454 53,718 49,905Last 15 years 308,854 40,953 44,271Since inception as on (1.12.93) 502,687 52,946 52,372Past performance may or may not be sustained in future. Load is not taken into consideration. Dividends assumed to be reinvested andBonus is adjusted. Refer annexure performance of other funds managed by the fund manager/s. Returns greater than 1 year period arecompounded annualized.
  • 22. 22Franklin India Bluechip Fund Market Resilience (as of Jun 29, 2012) Date FIBCF BSE Sensex S&P CNX Nifty % change % change % change Inception 1-Dec-93 N.A N.A N.A Initial Rise 12-Sep-94 91.50% 40.66% 37.40% Fall 04-Dec-96 -38.22% -40.72% -43.09% Rise 05-Aug-97 47.01% 65.68% 61.54% Fall 20-Oct-98 18.07% -39.22% -36.48% Tech rally peak 11-Feb-00 233.94% 114.66% 117.14% 11/9 impact 21-Sep-01 -47.94% -56.18% -51.36% Recovery 14-Jan-04 279.97% 138.22% 132.05% India Re-rating 10-May-06 118.15% 103.62% 89.40% Precrisis Peak 08-Jan-08 57.86% 65.50% 67.49% Fall after peak 09-Mar-09 -54.97% -60.91% -59.08% Market Peak 09-Nov-10 165.08% 156.51% 144.90% Current 29-Jun-12 -9.84% -16.73% -16.23% Returns since inception* 29-Jun-12 23.46% 9.38% 9.32% Past performance may or may not be sustained in future. *Compounded and annualized. Dividends are assumed to be reinvested and bonus is adjusted. Refer annexure for performance information of other funds managed by the fund manager/s.
  • 23. 23Franklin India Bluechip Fund Performance Attribution By Sector - 1 year ended July 2012 Telecommunication Services ‐3.08 Utilities ‐1.11 Industrials ‐0.81 Information Technology ‐0.36 Energy 0.17 Cash & Other Net Assets 0.64 Consumer Discretionary 0.79 Health Care 0.80 Consumer Staples 0.87 Materials 1.62 Financials 1.93 ‐4.00 ‐3.00 ‐2.00 ‐1.00 ‐‐ 1.00 2.00 3.00 Past performance does not guarantee future results. Source: FactSet.
  • 24. 24Franklin India Bluechip Fund Performance Attribution By Stock – 1 year ended July 2012 Top Three Contributors Grasim Industries One of the largest players in cement and monopoly in viscose staple fibre in India Is a value buy within the cement space and its VSF business offers downside protection during downcycles in cement Kotak Mahindra Bank Well positioned to take advantage of the ongoing rise in financial inclusion and shift in savings preference from traditional bank deposits to market linked instruments HDFC Bank Amongst the largest Indian private banks and have a strong retail franchise Bet on rising penetration of financial services Bottom Three Contributors Bharti Airtel Leading wireless telecom services company and a play on rising penetration of data/broadband connections Could benefit from any consolidation in the industry Regulatory uncertainty has weighed on the stock and sector Crompton Greaves Engineering solutions company and a play on the long-term investment story Stock has been impacted by capex slowdown and stiff competition concerns Infosys One of the largest software companies in India and a key beneficiary of the outsourcing trend Stock has been under pressure as challenging demand environment weighs on earnings Past performance does not guarantee future results. Source: FactSet. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. The information stated above does not constitute an investment advice or recommendation.
  • 25. 25Franklin India Prima PlusFund Description Open-end diversified equity fund investing predominantly in Growth Blend Value large cap stocks with some exposure to mid/small cap stocks LargeInception Date September 29, 1994 MediumAssets Rs. 1,827.26 crores (Jul 31, 2012)Managed by Anand Radhakrishnan, R. Janakiraman SmallInvestment Style Primarily ‘growth’ Style ConsistencySalient Points Has a long track performance track record of 18years plus ! Focuses on Wealth creating companies (generate return on capital in excess of their cost of capital) with high growth High growth companies in emerging sectors Typically large/mid cap stock ratio of 80/20 Suitable for investors having moderate to aggressive risk profile with an investment horizon of at least 3 years Source: Morningstar Since Inception to Jun 2012
  • 26. 26Franklin India Prima Plus Top 10 holdings Sector Share of Top Sector Allocation Share of equity AUM equity AUM ICICI Bank Banks 7.99% Banks 22.34% Bharti Airtel Telecom – Services 6.52% Pharmaceuticals 12.09% Infosys Software 5.51% Telecom – Services 8.33% HDFC Bank Banks 5.03% Software 7.33% Grasim Industries Cement 4.59% Cement 6.78% Indus Ind Bank Banks 3.00% Auto Ancillaries 4.78% Kotak Mahindra Bank Banks 2.83% Consumer Non Durables 4.61% Reliance Industries Petroleum Products 2.65% Auto 4.45% Dr. Reddys Pharmaceuticals 2.64% Petroleum Products 4.33% Bosch Auto Ancillaries 2.34% Minerals/Mining 3.93% Total 43.11% Total 78.97% As of Jul 31, 2012 These securities represent the ten largest holdings held in the Fund as of the date indicated. These securities do not represent all of the securities purchased, sold or Recommended for advisory clients, and the reader should not assume that investment in the securities listed was or will be profitable. Holdings are subject to change.
  • 27. 27Franklin India Prima Plus Long-term Cumulative Fund Performance (as of Jun 29, 2012) Refer Annexure for detailed performance disclosures Growth Plan NAV as at June 29, 2012: (Rs.) 217.1948 Fund Manager: Anand Radhakrishnan, R. Janakiraman Growth Plan NAV Per FIPP S&P CNX 500 S&P CNX Nifty Unit (Rs.) Last 1 year (Jun 30, 2011 to Jun 29, 2012) 223.3016 -2.73% -7.79% -6.53% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 202.8684 3.47% -2.87% -0.32% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 154.5570 12.01% 6.33% 7.15% Last 5 years (Jun 29, 2007 to Jun 29, 2012) 156.0141 6.83% 2.84% 4.09% Last 10 years (Jun 28, 2002 to Jun 29, 2012) 22.79 25.26% 18.34% 17.42% Last 15 years (Jun 30, 1997 to Jun 29, 2012) 7.54 25.10% 11.98% 10.42% Since inception till Jun 29, 2012 10 18.92% 7.86% 8.16% Current Value of Standard Investment of Rs. 10000 invested at the beginning of the period Last 2 years 10,706 9,434 9,937 Last 3 years 14,053 12,020 12,302 Last 5 years 13,921 11,503 12,224 Last 10 years 95,303 53,965 49,905 Last 15 years 288,057 54,637 44,271 Since inception (29.09.94) 217,195 38,326 40,253 Past performance may or may not be sustained in future. Load is not taken into consideration. Dividends assumed to be reinvested and Bonus is adjusted. Refer annexure for performance of other funds managed by the fund manager/s. Returns greater than 1 year period are compounded annualized.
  • 28. 28Franklin India Prima Plus Market Resilience (as of Jun 29, 2012) Date FIPP S&P CNX 500 S&P CNX Nifty % change % change % change Inception 29-Sep-94 N.A. N.A. N.A. Fall 04-Dec-96 -41.20% -51.26% -39.90% Rise 05-Aug-97 43.03% 58.98% 61.54% Fall 20-Oct-98 4.40% -33.87% -36.48% Tech rally peak 11-Feb-00 277.33% 176.49% 117.14% 11/9 impact 21-Sep-01 -53.70% -64.60% -51.36% Recovery 14-Jan-04 240.68% 197.02% 132.05% India Re-rating 10-May-06 138.10% 97.93% 89.40% Pre-crisis Peak 08-Jan-08 71.93% 70.16% 67.49% Fall after peak 09-Mar-09 -55.79% -63.98% -59.08% Market Peak 09-Nov-10 155.14% 164.30% 144.90% Current 29-Jun-12 -10.00% -19.77% -16.23% Returns since inception* 29-Jun-12 18.92% 7.86% 8.16% Past performance may or may not be sustained in future. *Compounded and annualized. Dividends are assumed to be reinvested and bonus is adjusted. Refer annexure for performance information of other funds managed by the fund manager/s.
  • 29. 29Franklin India Prima Plus Performance Attribution By Sector – 1 year ended July 2012 Telecommunication Services ‐3.29 Consumer Discretionary ‐2.40 Utilities ‐0.62 Information Technology ‐0.39 Energy ‐0.32 Industrials ‐0.04 Consumer Staples 0.39 Cash & Other Net Assets 0.55 Health Care 1.06 Materials 2.22 Financials 2.62 ‐4.00 ‐3.00 ‐2.00 ‐1.00 ‐‐ 1.00 2.00 3.00 Past performance does not guarantee future results. Source: FactSet.
  • 30. 30Franklin India Prima Plus Performance Attribution By Stock – 1 year ended July 2012 Top Three Contributors CRISIL India’s largest ratings agency with strong parentage (Standard & Poor’s) Well-placed to gain from increased activity in the capital markets and policy changes driving expansion of service offerings Grasim Industries One of the largest players in cement and near monopoly in viscose staple fibre in India Is a value buy within the cement space and its VSF business offers downside protection during downcycles in cement HDFC Bank Amongst the largest Indian private banks and has a strong retail franchise Bet on rising penetration of financial services Bottom Three Contributors TV18 Broadcast Pan-media house with dominant presence in broadcasting and strong bouquet of offerings Underperformance led by concerns about slowing ad spends and debt levels Bharti Airtel Leading wireless telephony company Well placed to benefit from any consolidation in the industry and rising penetration of data/broadband connections Regulatory uncertainty has weighed on the stock and sector Infosys One of the largest software companies in India and a key beneficiary of the outsourcing trend Stock has been under pressure as challenging demand environment weighs on earnings Past performance does not guarantee future results. Source: FactSet. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. The information stated above does not constitute an investment advice or recommendation.
  • 31. 31Franklin India Flexi Cap FundFund Description Open-end fund with the flexibility to buy into companies Growth Blend Value across market caps LargeInception Date March 2, 2005 MediumAssets Rs. 1,643.60 crores (July 31, 2012)Managed by K.N. Sivasubramanian, Anand Vasudevan SmallInvestment Style Blend of ‘growth’ and ‘value’Salient Points Portfolio well-diversified across sectors - blends the typically more volatile, mid/small cap stocks with large caps, that tend to be more stable Has the ability to capture growth potential across big and small companies in a comprehensive manner Given its diversified nature, ideal as a core holding of all equity portfolios
  • 32. 32Franklin India Flexi Cap Fund Top 10 holdings Sector Share of Top Sector Allocation Share of equity AUM equity AUM ICICI Bank Banks 9.07% Banks 25.07% Bharti Airtel Telecom – Services 8.88% Pharmaceuticals 12.59% Axis Bank Banks 7.25% Telecom - Services 8.88% Dr. Reddys Laboratories Pharmaceuticals 4.75% Power 7.28% HDFC Bank Banks 6.06% Auto 6.30% Yes Bank Banks 3.77% Cement 4.24% Infosys Software 3.17% Auto Ancillaries 3.55% Oil & Natural Gas Corp. Auto 3.07% Software 3.17% Power Grid Corporation Power 2.99% Oil 3.07% Mahindra & Mahindra Auto 2.98% Gas 3.02% Total 51.99% Total 77.17% As of July 31, 2012These securities represent the ten largest holdings held in the Fund as of the date indicated. These securities do not represent all of the securities purchased, sold orRecommended for advisory clients, and the reader should not assume that investment in the securities listed was or will be profitable. Holdings are subject to change.
  • 33. 33Franklin India Flexi Cap Fund Long-term Cumulative Fund Performance (as of Jun 29, 2012) Refer Annexure for detailed performance disclosures Growth Plan NAV as at June 29, 2012: (Rs.) 30.8875 Fund Manager: KN Sivasubramanian, Anand Vasudevan Growth Plan NAV FIFCF S&P CNX 500 S&P CNX Nifty Per Unit (Rs.) Last 1 year (Jun 30, 2011 to Jun 29, 2012) 32.7142 -7.98% -7.79% -6.53% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 29.8221 0.47% -2.87% -0.32% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 22.2975 10.52% 6.33% 7.16% Last 5 years (Jun 29, 2007 to Jun 29, 2012) 22.9236 5.59% 2.84% 4.09% Since inception till Jun 29, 2012 10 16.22% 11.93% 13.45% Current Value of Standard Investment of Rs. 10000 invested at the beginning of the period Last 2 years 10,094 9,434 9,937 Last 3 years 13,501 12,020 12,302 Last 5 years 13,132 11,503 12,224 Since inception (2.03.2005) 30,104 22,849 25,219Past performance may or may not be sustained in future. Load is not taken into consideration. Dividends assumed to be reinvested andBonus is adjusted. Refer annexure performance of other funds managed by the fund manager/s. Returns greater than 1 year period arecompounded annualized.
  • 34. 34Franklin India Flexi Cap Fund Market Resilience (as of Jun 29, 2012) Date FIFCF S&P CNX 500 S&P CNX Nifty % change % change % change Inception 2-Mar-05 N.A N.A N.A India Re-rating 10-May-06 100.60% 75.80% 79.35% Precrisis Peak 08-Jan-08 57.17% 70.16% 67.49% Fall after peak 09-Mar-09 -60.59% -63.98% -59.08% Market Peak 09-Nov-10 194.89% 164.30% 144.90% Current 29-Jun-12 -17.85% -19.77% -16.23% Returns since inception* 29-Jun-12 16.22% 11.93% 13.45% Past performance may or may not be sustained in future. *Compounded and annualized. Dividends are assumed to be reinvested and bonus is adjusted. Refer annexure for performance information of other funds managed by the fund manager/s.
  • 35. 35Franklin India Flexi Cap Fund Performance Attribution By Sector – 1 year ended July 2012 Consumer Discretionary ‐2.71 Telecommunication Services ‐2.57 Utilities ‐1.31 Industrials ‐1.27 Energy ‐0.21 Information Technology 0.13 Consumer Staples 0.27 Cash & Other Net Assets 0.51 Financials 0.77 Materials 1.04 Health Care 1.66 ‐3.00 ‐2.00 ‐1.00 ‐‐ 1.00 2.00 Past performance does not guarantee future results. Source: FactSet.
  • 36. 36Franklin India Flexi Cap Fund Performance Attribution By Stock – 1 year ended July 2012 Top Three Contributors Amara Raja Batteries Leading player in Indian storage battery industry Play on the rising demand for automotives and telecom/ industrial growth HDFC Bank Amongst the largest Indian private banks and have a strong retail franchise Bet on rising penetration of financial services IPCA Laboratories A fully-integrated mid-size pharma company with a diversified revenue mix Re-rating potential - improving business mix, benefits from backward integration and healthy balance sheet Bottom Three Contributors TV18 Broadcast Pan-media house with dominant presence in broadcasting business and strong bouquet of offerings Underperformance led by concerns about debt levels and inter-group restructuring Infosys One of the largest software companies in India and a key beneficiary of the outsourcing trend Stock has been under pressure as challenging demand environment weighs on earnings Bharti Airtel Leading wireless telephony company Well placed to benefit from any consolidation in the industry and rising penetration of data/broadband connections Regulatory uncertainty has weighed on the stock and sector Past performance does not guarantee future results. Source: FactSet. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. The information stated above does not constitute an investment advice or recommendation.
  • 37. 37Summary Cautious optimism in global markets on hopes of policy support India like other EMs has witnessed a slowdown in economic growth Growth likely to remain modest over the coming year or so as domestic and global factors play out There’s more headroom for monetary easing now but fiscal situation remains a concern Long-term growth story remains intact - an interplay of consumption & investment Corporate India remains in good shape – even as near term RoE trends impacted by cost pressures Current valuations offer good investment opportunities, especially bottom-up basis FT has a range of offerings with strong track record to suit different risk profiles One of the largest buy side teams – senior managers and analysts have been together for more than 16 years Tune-out short-term noise and focus on long-term potential Ignore momentum stories that reflect short-term trends and focus on building a portfolio of companies that are creating value for their shareholders Bluechip, Flexi Cap and Prima Plus funds have a long track record and have performed well across market cycles
  • 38. 38Risk factorsScheme Classification and Objective: Franklin India Bluechip Fund (FIBCF) is an open ended growthscheme with an objective to primarily provide medium to long term capital appreciation. Franklin India FlexiCap Fund (FIFCF): An open-end diversified equity fund that seeks to provide medium to long-term capitalappreciation by investing in stocks across the entire market capitalization range. Franklin India Prima Plus(FIPP) is an open end growth fund with an objective to provide growth of capital plus regular dividendthrough a diversified portfolio of equities, fixed income securities and money market instruments. LoadStructure: FIBCF,FIPP FIFCF: Entry Load: Nil: Exit Load: In respect of each purchase of Units - 1% if theUnits are redeemed/switched-out within one year of allotment. Risk Factors: Mutual Fund investments aresubject to market risks, read all scheme related documents carefully. The NAVs of the schemes maygo up or down depending upon the factors and forces affecting the securities market. The Mutual Fund is notguaranteeing or assuring any dividend under any of the schemes and the same is subject to the availabilityand adequacy of distributable surplus. The past performance of the mutual funds managed by the FranklinTempleton Group and its affiliates is not necessarily indicative of future performance of the schemes.
  • 39. Annexure
  • 40. SCHEME PERFORMANCEFranklin India Bluechip Fund (FIBCF) - Growth Option Jun 30, 2009 to Jun 30, 2010 175.4872 50.57% 27.41% 23.80%NAV as at June 29, 2012: (Rs.) 209.5208 Compounded Annualised Growth Rate PerformanceFund Manager: Anand Radhakrishnan, Anand Vasudevan Last 2 years (Jun 30, 2010 to Jun 29, 2012) 0.09% -2.87% -0.32% NAV Per Unit (Rs.) FIBCF BSE Sensex S&P CNX Nifty Last 3 years (Jun 30, 2009 to Jun 29, 2012) 14.68% 6.33% 7.15%Discrete 12 months performance Last 5 years (Jun 29, 2007 to Jun 29, 2012) 226.7622 3.14% 2.84% 4.09%Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 216.5858 -3.26% -7.51% -6.53% Last 10 years (Jun 28, 2002 to Jun 29, 2012) 29.10 24.68% 18.34% 17.42%Jun 30, 2010 to Jun 30, 2011 196.4388 10.26% 6.47% 6.30% Last 15 years (Jun 30, 1997 to Jun 29, 2012) 10.06 24.34% 11.98% 10.42%Jun 30, 2009 to Jun 30, 2010 151.4629 29.69% 22.13% 23.80% Since inception till Jun 29, 2012 10 19.27% 8.97% 9.32%Compounded Annualised Growth Rate Performance Current Value of Standard Investment of Rs 10000Last 2 years (Jun 30, 2010 to Jun 29, 2012) 3.28% -0.77% -0.32% Last 2 years 10018 9434 9937Last 3 years (Jun 30, 2009 to Jun 29, 2012) 11.42% 6.34% 7.15% Last 3 years 15083 12020 12302Last 5 years (Jun 29, 2007 to Jun 29, 2012) 142.4306 8.02% 3.53% 4.09% Last 5 years 11673 11503 12224Last 10 years (Jun 28, 2002 to Jun 29, 2012) 21.95 25.28% 18.29% 17.42% Last 10 years 90961 53965 49905Last 15 years (Jun 30, 1997 to Jun 29, 2012) 13.57 25.68% 9.85% 10.42% Last 15 years 263117 54637 44271Since inception till Jun 29, 2012 10 23.46% 9.38% 9.32% Since inception (1.12.1993) 264695 49412 52372Current Value of Standard Investment of Rs 10000 Franklin India Flexi Cap Fund (FIFCF) - Growth OptionLast 2 years 10666 9847 9937 NAV as at June 29, 2012: (Rs.) 30.1038Last 3 years 13833 12026 12302 Fund Manager: K. N. Sivasubramanian, Anand VasudevanLast 5 years 14710 11897 12224 NAV Per Unit (Rs.) FIFCF S&P CNX 500 S&P CNX NiftyLast 10 years 95454 53718 49905 Discrete 12 months performanceLast 15 years 308854 40953 44271 Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 32.7142 -7.98% -7.79% -6.53%Since inception (1.12.1993) 502687 52946 52372 Jun 30, 2010 to Jun 30, 2011 29.8221 9.70% 2.31% 6.30%Templeton India Growth Fund (TIGF) - Dividend Option Jun 30, 2009 to Jun 30, 2010 22.2975 33.75% 27.41% 23.80%NAV as at June 29, 2012: (Rs.) 44.6847 Compounded Annualised Growth Rate PerformanceFund Manager: Dr. J. Mark Mobius Last 2 years (Jun 30, 2010 to Jun 29, 2012) 0.47% -2.87% -0.32% NAV Per Unit (Rs.) TIGF BSE Sensex MSCI India Value S&P CNX Nifty Last 3 years (Jun 30, 2009 to Jun 29, 2012) 10.52% 6.33% 7.15%Discrete 12 months performance Last 5 years (Jun 29, 2007 to Jun 29, 2012) 22.9236 5.59% 2.84% 4.09%Jun 30, 2011 to Jun 29, 2012 (Last 1 year)50.6031 -8.24% -7.51% -12.03% -6.53% Since inception till Jun 29, 2012 10 16.22% 11.93% 13.45%Jun 30, 2010 to Jun 30, 2011 53.7310 1.89% 6.47% -0.70% 6.30% Current Value of Standard Investment of Rs 10000Jun 30, 2009 to Jun 30, 2010 40.0034 42.61% 22.13% 31.32% 23.80% Last 2 years 10094 9434 9937Compounded Annualised Growth Rate Performance Last 3 years 13501 12020 12302Last 2 years (Jun 30, 2010 to Jun 29, 2012) -3.31% -0.77% -6.53% -0.32% Last 5 years 13132 11503 12224Last 3 years (Jun 30, 2009 to Jun 29, 2012) 10.07% 6.34% 4.68% 7.15% Since inception (2.3.2005) 30104 22849 25219Last 5 years (Jun 29, 2007 to Jun 29, 2012) 43.7906 7.59% 3.53% 4.42% 4.09% Franklin India Opportunities Fund (FIOF) - Growth OptionLast 10 years (Jun 28, 2002 to Jun 29, 2012) 13.08 23.32% 18.29% 19.34% 17.42% NAV as at June 29, 2012: (Rs.) 28.8213Last 15 years (Jun 30, 1997 to Jun 29, 2012) 11.83 16.63% 9.85% 8.86% 10.42% Fund Manager: Chakri Lokapriya, Anil PrabhudasSince inception till Jun 29, 2012 10 16.96% 10.82% N.A 11.09% NAV Per Unit (Rs.) FIOF BSE 200 # S&P CNX NiftyCurrent Value of Standard Investment of Rs 10000 Discrete 12 months performanceLast 2 years 9350 9847 8736 9937 Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 31.2132 -7.66% -7.63% -6.53%Last 3 years 13334 12026 11472 12302 Jun 30, 2010 to Jun 30, 2011 29.7045 5.08% 2.96% 6.30%Last 5 years 14419 11897 12418 12224 Jun 30, 2009 to Jun 30, 2010 24.4161 21.66% 27.22% 23.80%Last 10 years 81558 53718 58695 49905 Compounded Annualised Growth Rate PerformanceLast 15 years 100621 40953 35755 44271 Last 2 years (Jun 30, 2010 to Jun 29, 2012) -1.50% -2.48% -0.32%since inception (10.9.1996) 119035 50745 N.A 52728 Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.68% 6.56% 7.15%Franklin India Prima Plus (FIPP) - Growth Option Last 5 years (Jun 29, 2007 to Jun 29, 2012) 28.6254 0.14% 3.44% 4.09%NAV as at June 29, 2012: (Rs.) 217.1948 Last 10 years (Jun 28, 2002 to Jun 29, 2012) 4.65 19.99% 13.34% 17.42%Fund Manager: Anand Radhakrishnan, R. Janakiraman Since inception till Jun 29, 2012 10 8.94% -3.64% 9.33% NAV Per Unit (Rs.) FIPP S&P CNX 500 S&P CNX Nifty Current Value of Standard Investment of Rs 10000Discrete 12 months performance Last 2 years 9703 9511 9937Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 223.3016 -2.73% -7.79% -6.53% Last 3 years 11804 12100 12302Jun 30, 2010 to Jun 30, 2011 202.8684 10.07% 2.31% 6.30% Last 5 years 10068 11847 12224Jun 30, 2009 to Jun 30, 2010 154.5570 31.26% 27.41% 23.80% Last 10 years 61981 35038 49905Compounded Annualised Growth Rate Performance Since inception (21.2.2000) 28821 6327 30105Last 2 years (Jun 30, 2010 to Jun 29, 2012) 3.47% -2.87% -0.32% # Index adjusted for the period February 21, 2000 to March 10, 2004 with the performance of ET Mindex.Last 3 years (Jun 30, 2009 to Jun 29, 2012) 12.01% 6.33% 7.15%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 156.0141 6.83% 2.84% 4.09% Templeton India Equity Income Fund (TIEIF) - Growth OptionLast 10 years (Jun 28, 2002 to Jun 29, 2012) 22.79 25.26% 18.34% 17.42% NAV as at June 29, 2012: (Rs.) 19.1752Last 15 years (Jun 30, 1997 to Jun 29, 2012) 7.54 25.10% 11.98% 10.42% Fund Manager: Dr. J. Mark Mobius assisted by Chetan SehgalSince inception till Jun 29, 2012 10 18.92% 7.86% 8.16% NAV Per Unit (Rs.) TIEIF BSE 200 S&P CNX NiftyCurrent Value of Standard Investment of Rs 10000 Discrete 12 months performanceLast 2 years 10706 9434 9937 Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 20.5014 -6.47% -7.63% -6.53%Last 3 years 14053 12020 12302 Jun 30, 2010 to Jun 30, 2011 18.2134 12.56% 2.96% 6.30%Last 5 years 13921 11503 12224 Jun 30, 2009 to Jun 30, 2010 13.4542 35.37% 27.22% 23.80%Last 10 years 95303 53965 49905 Compounded Annualised Growth Rate PerformanceLast 15 years 288057 54637 44271 Last 2 years (Jun 30, 2010 to Jun 29, 2012) 2.61% -2.48% -0.32%Since inception (29.9.1994) 217195 38326 40253 Last 3 years (Jun 30, 2009 to Jun 29, 2012) 12.54% 6.56% 7.15%Franklin India Prima Fund (FIPF) - Growth Option Last 5 years (Jun 29, 2007 to Jun 29, 2012) 13.4733 7.30% 3.44% 4.09%NAV as at June 29, 2012: (Rs.) 264.6954 Since inception till Jun 29, 2012 10 11.22% 7.07% 7.51%Fund Manager: R. Janakiraman, K. N. Sivasubramanian Current Value of Standard Investment of Rs 10000 NAV Per Unit (Rs.) FIPF S&P CNX 500 S&P CNX Nifty Last 2 years 10528 9511 9937Discrete 12 months performance Last 3 years 14252 12100 12302Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 273.6303 -3.27% -7.79% -6.53% Last 5 years 14232 11847 12224Jun 30, 2010 to Jun 30, 2011 264.2304 3.56% 2.31% 6.30% Since inception (18.5.2006) 19175 15191 15577www.franklintempletonindia.com Franklin Templeton Investments 28
  • 41. SCHEME PERFORMANCEFranklin Asian Equity Fund (FAEF) - Growth Option Jun 30, 2009 to Jun 30, 2010 143.1573 32.83% 27.41% 23.80%NAV as at June 29, 2012: (Rs.) 11.8279 Compounded Annualised Growth Rate PerformanceFund Manager: Roshi Jain Last 2 years (Jun 30, 2010 to Jun 29, 2012) 5.33% -2.87% -0.32% NAV Per Unit (Rs.) FAEF MSCI Asia S&P CNX Nifty Last 3 years (Jun 30, 2009 to Jun 29, 2012) 13.80% 6.33% 7.15% (ex Japan) Last 5 years (Jun 29, 2007 to Jun 29, 2012) 139.5850 8.60% 2.84% 4.09% Standard Index Last 10 years (Jun 28, 2002 to Jun 29, 2012) 24.5 24.00% 18.34% 17.42%Discrete 12 months performance Since inception till Jun 29, 2012 10 25.92% 14.51% 13.46%Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 11.1221 6.35% 5.14% -6.53% Current Value of Standard Investment of Rs 10000Jun 30, 2010 to Jun 30, 2011 9.8517 12.90% 18.24% 6.30% Last 2 years 11095 9434 9937Jun 30, 2009 to Jun 30, 2010 8.8466 11.36% 15.95% 23.80% Last 3 years 14738 12020 12302Compounded Annualised Growth Rate Performance Last 5 years 15115 11503 12224Last 2 years (Jun 30, 2010 to Jun 29, 2012) 9.57% 11.50% -0.32% Last 10 years 86117 53965 49905Last 3 years (Jun 30, 2009 to Jun 29, 2012) 10.17% 12.96% 7.15% Since inception (10.4.1999) 210987 60072 53140Since inception till Jun 29, 2012 10 3.84% 4.05% -2.60%Current Value of Standard Investment of Rs 10000Last 2 years 12006 12433 9937 Franklin India Index Fund Nifty Plan (FIIF-Nifty Plan) - Growth OptionLast 3 years 13370 14415 12302 NAV as at June 29, 2012: (Rs.) 41.6244Since inception (16.1.2008) 11828 11934 8893 Fund Manager: Anil Prabhudas NAV Per Unit (Rs.) FIIF - Nifty Plan S&P CNX NiftyFranklin India High Growth Companies Fund (FIHGCF) - Growth Option Discrete 12 months performanceNAV as at June 29, 2012: (Rs.) 11.9437 Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 44.4691 -6.40% -6.53%Fund Manager: K. N. Siva Subramanian, Roshi Jain Jun 30, 2010 to Jun 30, 2011 41.8199 6.33% 6.30% NAV Per Unit (Rs.) FIHGCF S&P CNX 500 S&P CNX Nifty Jun 30, 2009 to Jun 30, 2010 33.7031 24.08% 23.80%Discrete 12 months performance Compounded Annualised Growth Rate PerformanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 12.8575 -7.11% -7.79% -6.53% Last 2 years (Jun 30, 2010 to Jun 29, 2012) -0.23% -0.32%Jun 30, 2010 to Jun 30, 2011 12.0471 6.73% 2.31% 6.30% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.29% 7.15%Jun 30, 2009 to Jun 30, 2010 8.7659 37.43% 27.41% 23.80% Last 5 years (Jun 29, 2007 to Jun 29, 2012) 34.4184 3.87% 4.09%Compounded Annualised Growth Rate Performance Last 10 years (Jun 28, 2002 to Jun 29, 2012) 8.01 17.89% 17.42%Last 2 years (Jun 30, 2010 to Jun 29, 2012) -0.43% -2.87% -0.32% Since inception till Jun 29, 2012 10 12.72% 12.35%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 10.86% 6.33% 7.15% Current Value of Standard Investment of Rs 10000Since inception till Jun 29, 2012 10 3.67% 1.64% 2.74% Last 2 years 9953 9937Current Value of Standard Investment of Rs 10000 Last 3 years 12350 12302Last 2 years 9914 9434 9937 Last 5 years 12094 12224Last 3 years 13625 12020 12302 Last 10 years 51966 49905Since inception (26.7.2007) 11944 10836 11427 Since inception (4.8.2000) 41624 40036 Franklin India Index Fund BSE Plan (FIIF - BSE Plan) - Growth OptionFranklin India Smaller Companies Fund (FISCF) - Growth Option NAV as at June 29, 2012: (Rs.) 49.2906NAV as at June 29, 2012: (Rs.) 13.5247 Fund Manager: Anil PrabhudasFund Manager: R. Janakiraman, K. N. Sivasubramanian NAV Per Unit (Rs.) FIIF - BSE Plan BSE Sensex S&P CNX Nifty NAV Per Unit (Rs.) FISCF CNX Midcap S&P CNX Nifty Discrete 12 months performanceDiscrete 12 months performance Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 53.2506 -7.44% -7.51% -6.53%Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 14.2698 -5.22% -7.77% -6.53% Jun 30, 2010 to Jun 30, 2011 49.8169 6.89% 6.47% 6.30%Jun 30, 2010 to Jun 30, 2011 13.7126 4.06% -1.96% 6.30% Jun 30, 2009 to Jun 30, 2010 40.7039 22.39% 22.13% 23.80%Jun 30, 2009 to Jun 30, 2010 9.4570 45.00% 49.82% 23.80% Compounded Annualised Growth Rate PerformanceCompounded Annualised Growth Rate Performance Last 2 years (Jun 30, 2010 to Jun 29, 2012) -0.53% -0.77% -0.32%Last 2 years (Jun 30, 2010 to Jun 29, 2012) -0.69% -4.91% -0.32% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.59% 6.34% 7.15%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 12.67% 10.65% 7.15% Last 5 years (Jun 29, 2007 to Jun 29, 2012) 40.7969 3.85% 3.53% 4.09%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 12.2294 2.03% 4.23% 4.09% Last 10 years (Jun 28, 2002 to Jun 29, 2012) 9.86 17.44% 18.29% 17.42%Since inception till Jun 29, 2012 10 4.78% 9.00% 10.00% Since inception till Jun 29, 2012 10 15.84% 16.52% 15.83%Current Value of Standard Investment of Rs 10000 Current Value of Standard Investment of Rs 10000Last 2 years 9863 9042 9937 Last 2 years 9894 9847 9937Last 3 years 14301 13546 12302 Last 3 years 12110 12026 12302Last 5 years 11059 12303 12224 Last 5 years 12082 11897 12224Since inception (13.1.2006) 13525 17454 18519 Last 10 years 49990 53718 49905 Since inception (27.8.2001) 49291 52527 49218Franklin Build India Fund (FBIF) - Growth OptionNAV as at June 29 30, 2012: (Rs.) 11.2923 Franklin Infotech Fund (FIF) - Growth OptionFund Manager: Anand Radhakrishnan, Roshi Jain NAV as at June 29, 2012: (Rs.) 62.4415 NAV Per Unit (Rs.) FBIF S&P CNX 500 S&P CNX Nifty Fund Manager: Anand RadhakrishnanDiscrete 12 months performance NAV Per Unit (Rs.) FIF BSE IT Index S&P CNX NiftyJun 30, 2011 to Jun 29, 2012 (Last 1 year) 11.5538 -2.26% -7.79% -6.53% Discrete 12 months performanceJun 30, 2010 to Jun 30, 2011 12.0090 -3.79% 2.31% 6.30% Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 64.9739 -3.90% -5.49% -6.53%Compounded Annualised Growth Rate Performance Jun 30, 2010 to Jun 30, 2011 56.5424 14.91% 14.68% 6.30%Last 2 years (Jun 30, 2010 to Jun 29, 2012) -3.03% -2.87% -0.32% Jun 30, 2009 to Jun 30, 2010 34.6965 62.96% 61.82% 23.80%Since inception till Jun 29, 2012 10 4.41% 2.99% 4.36% Compounded Annualised Growth Rate PerformanceCurrent Value of Standard Investment of Rs 10000 Last 2 years (Jun 30, 2010 to Jun 29, 2012) 5.09% 4.11% -0.32%Last 2 years 9403 9434 9937 Last 3 years (Jun 30, 2009 to Jun 29, 2012) 21.64% 20.59% 7.15%Since inception (4.9.2009) 11292 10867 11279 Last 5 years (Jun 29, 2007 to Jun 29, 2012) 50.6014 4.29% 3.43% 4.09% Last 10 years (Jun 28, 2002 to Jun 29, 2012) 12.99 16.98% 14.60% 17.42%Franklin India Taxshield (FIT) - Growth Option Since inception till Jun 29, 2012 10 19.98% N.A 14.03%NAV as at June 29, 2012: (Rs.) 210.9867 Current Value of Standard Investment of Rs 10000Fund Manage:r Anand Radhakrishnan, Anil Prabhudas Last 2 years 11043 10838 9937 NAV Per Unit (Rs.) FIT S&P CNX 500 S&P CNX Nifty Last 3 years 17996 17538 12302Discrete 12 months performance Last 5 years 12340 11836 12224Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 212.5066 -0.72% -7.79% -6.53% Last 10 years 48069 39118 49905Jun 30, 2010 to Jun 30, 2011 190.1618 11.75% 2.31% 6.30% Since inception (22.8.1998) 124900 N.A 61709www.franklintempletonindia.com Franklin Templeton Investments 29
  • 42. SCHEME PERFORMANCEFT India Balanced Fund (FTIBF) - Growth Option Current Value of Discrete 12 months performance Compounded Annualised Standard Investment ofNAV as at June 29, 2012: (Rs.) 49.0457 Growth Rate Performance Rs 10000Fund Manager: Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Sachin Padwal-Desai, Umesh Sharma invested at the beginning NAV Per Unit (Rs.) FTIBF Crisil Balanced S&P CNX Nifty of the period Jun 30 2011 Jun 30, 2010 Jun 30, 2009 Last Last Last Since Last Last Last since Fund Index to Jun 30, 2012 to to 2 years 3 years 5 years inception 2 years 3 years 5years inceptionDiscrete 12 months performance (Last 1 year) Jun 30, 2011 Jun 30, 2010 (Jun 30, (Jun 30, (Jun 29, till Jun 29, 2010 to 2009 to 2007 to 2012Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 49.4188 -0.75% -0.99% -6.53% IUN 29, Jun 29, Jun 29,Jun 30, 2010 to Jun 30, 2011 46.4317 6.43% 6.04% 6.30% 2012) 2012) 2012) The 20s Plan - NAV Per Unit (Rs.) 37.0857 34.2863 26.6979 24.7023 10Jun 30, 2009 to Jun 30, 2010 38.9332 19.26% 17.34% 23.80% The 20s Plan - Returns -0.80% 8.16% 28.42% 3.59% 11.28% 8.28% 16.39% 10730 13780 14893 36789Compounded Annualised Growth Rate Performance Benchmark* -4.13% 5.75% 19.46% 0.69% 6.59% 4.84% 13.74% 10138 12111 12671 30185 The 30s Plan - NAV Per Unit (Rs.) 28.2682 26.1478 21.5864 19.2231 10Last 2 years (Jun 30, 2010 to Jun 29, 2012) 2.78% 2.47% -0.32% The 30s Plan - Returns 2.50% 8.11% 21.13% 5.27% 10.31% 8.54% 13.20% 11082 13423 15073 28976Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.00% 7.20% 7.15% Benchmark* 0.05% 5.64% 14.84% 2.80% 6.67% 6.09% 11.58% 10568 12137 13446 25606 The 40s Plan - NAV Per Unit (Rs.) 23.5706 21.9371 18.3399 15.9091 10Last 5 years (Jun 29, 2007 to Jun 29, 2012) 36.1608 6.28% 6.18% 4.09% The 40s Plan - Returns 4.21% 7.45% 19.61% 5.82% 10.23% 9.07% 11.04% 11197 13394 15440 24564Last 10 years (Jun 28, 2002 to Jun 29, 2012) 9.15 18.26% 13.76% 17.42% Benchmark* 3.28% 5.21% 11.32% 4.24% 6.55% 6.68% 9.51% 10867 12097 13821 21809 The 50s Plus Plan - NAV Per Unit (Rs.)19.0068 17.8479 15.7869 13.4406 10Since inception till Jun 29, 2012 10 13.50% N.A 10.90% The 50s Plus Plan - Returns 5.19% 6.49% 13.06% 5.84% 8.19% 8.26% 8.41% 11202 12664 14875 19993Current Value of Standard Investment of Rs 10000 Benchmark* 5.65% 5.24% 8.22% 5.44% 6.36% 6.87% 7.80% 11118 12032 13949 19059 Additional Benchmark** Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not ApplicableNot ApplicableLast 2 years 10563 10499 9937 The 50s Plus Floating Rate Plan - NAV Per Unit (Rs.) 19.7497 18.4804 16.7910 14.2547 10Last 3 years 12597 12320 12302 The 50s Plus Floating Rate Plan - Returns 6.29% 6.87% 10.06% 6.58% 7.73% 8.04% 9.74% 11359 12501 14726 20991 Benchmark* 5.62% 7.36% 7.07% 6.49% 6.68% 6.92% 9.08% 11339 12141 13981 20012Last 5 years 13563 13502 12224 Additional Benchmark*** Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not ApplicableLast 10 years 53602 36338 49905 Inception: FTLF 20s Plan/30s Plan/40s Plan/50s plus Plan(1.12.2003); 50s plus Floating Rate Plan: 9.7.2004Since inception (10.12.1999) 49046 N.A 36667 Templeton India Income Fund (TIIF) - Growth Option NAV as at June 29, 2012: (Rs.) 36.9450Templeton India Pension Plan (TIPP) - Growth Option Fund Manager Umesh Sharma, Sachin Padwal-DesaiNAV as at June 29, 2012: (Rs.) 61.7800 NAV Per Unit (Rs.) TIIF Crisil Composite Crisil 10 YearFund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Sachin Padwal-Desai, Umesh Sharma Bond Fund Index Gilt Index NAV Per Unit (Rs.) TIPP Benchmark* Crisil 10 Year Discrete 12 months performance Gilt Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 34.1118 8.31% 8.69% 7.10%Discrete 12 months performance Jun 30, 2010 to Jun 30, 2011 32.3110 5.57% 4.58% 1.79%Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 59.6498 3.57% 2.46% 7.10% Jun 30, 2009 to Jun 30, 2010 31.0675 4.00% 4.69% 3.43%Jun 30, 2010 to Jun 30, 2011 56.0680 6.39% 4.04% 1.79% Compounded Annualised Growth Rate Performance Last 2 years (Jun 30, 2010 to Jun 29, 2012) 6.93% 6.61% 4.41%Jun 30, 2009 to Jun 30, 2010 50.1204 11.87% 13.63% 3.43% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.95% 5.97% 4.08%Compounded Annualised Growth Rate Performance Last 5 years (Jun 29, 2007 to Jun 29, 2012) 26.0989 7.19% 6.81% 6.45%Last 2 years (Jun 30, 2010 to Jun 29, 2012) 4.97% 3.25% 4.41% Last 10 years (Jun 28, 2002 to Jun 29, 2012) 19.79 6.43% 6.05% 6.07%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.22% 6.60% 4.08% Last 15 years (Jun 30, 1997 to Jun 29, 2012) 10.45 8.78% N.A N.ALast 5 years (Jun 29, 2007 to Jun 29, 2012) 45.7729 6.17% 6.52% 6.45% Since inception till Jun 29, 2012 10 8.90% N.A N.A Current Value of Standard Investment of Rs 10000Last 10 years (Jun 28, 2002 to Jun 29, 2012) 18.51 12.79% 11.89% 6.07% Last 2 years 11434 11366 10901Last 15 years (Jun 30, 1997 to Jun 29, 2012) 10.30 12.68% N.A N.A Last 3 years 11892 11900 11275Since inception till Jun 29, 2012 10 12.68% N.A N.A Last 5 years 14156 13909 13672Current Value of Standard Investment of Rs 10000 Last 10 years 18669 18002 18043Last 2 years 11019 10660 10901 Last 15 years 35354 N.A N.A Since inception (5.3.1997) 36945 N.A N.ALast 3 years 12326 12113 11275Last 5 years 13497 13721 13672 Templeton India Income Builder Account Plan (TIIBA) - Growth OptionLast 10 years 33377 30788 18043 NAV as at June 29, 2012: (Rs.) 36.5544 Fund Manager: Umesh Sharma, Sachin Padwal-DesaiLast 15 years 59981 N.A N.A NAV Per Unit (Rs.) TIIBA Crisil Composite Crisil 10 YearSince inception (31.3.1997) 61780 N.A N.A Bond Fund Index Gilt Index Discrete 12 months performanceFT India Dynamic PE Ratio Fund Of Funds (FTDPEF) - Growth Option Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 33.0046 10.76% 8.69% 7.10%NAV as at June 29, 2012: (Rs.) 41.7494 Jun 30, 2010 to Jun 30, 2011 30.9777 6.54% 4.58% 1.79%Fund Manager Anand Radhakrishnan Jun 30, 2009 to Jun 30, 2010 29.4238 5.28% 4.69% 3.43% NAV Per Unit (Rs.) FTDPEF BSE Sensex Crisil Balanced Additional Compounded Annualised Growth Rate Performance Fund Index Benchmark Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.63% 6.61% 4.41% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.50% 5.97% 4.08%Discrete 12 months performance Last 5 years (Jun 29, 2007 to Jun 29, 2012) 25.0238 7.87% 6.81% 6.45%Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 40.7727 2.40% -7.51% -0.99% Not Applicable Last 10 years (Jun 28, 2002 to Jun 29, 2012) 19.21 6.64% 6.05% 6.07%Jun 30, 2010 to Jun 30, 2011 37.8102 7.84% 6.47% 6.04% Not Applicable Since inception till Jun 29, 2012 10 9.01% N.A N.AJun 30, 2009 to Jun 30, 2010 32.6684 15.74% 22.13% 17.34% Not Applicable Current Value of Standard Investment of Rs 10000Compounded Annualised Growth Rate Performance Last 2 years 11800 11366 10901Last 2 years (Jun 30, 2010 to Jun 29, 2012) 5.08% -0.77% 2.47% Not Applicable Last 3 years 12423 11900 11275 Last 5 years 14608 13909 13672Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.52% 6.34% 7.20% Not Applicable Last 10 years 19029 18002 18043Last 5 years (Jun 29, 2007 to Jun 29, 2012) 26.3541 9.63% 3.53% 6.18% Not Applicable Since inception (23.6.1997) 36554 N.A N.ASince inception till Jun 29, 2012 10 17.92% 15.75% 12.13% Not Applicable Templeton India Income Opportunities Fund (TIIOF) - Growth OptionCurrent Value of Standard Investment of Rs 10000 NAV as at June 29, 2012: (Rs.) 12.2992Last 2 years 11042 9847 10499 Not Applicable Fund Manager Umesh Sharma, Sachin Padwal-DesaiLast 3 years 12780 12026 12320 Not Applicable NAV Per Unit (Rs.) TIIOF Crisil Short-Term Crisil 10 YearLast 5 years 15842 11897 13502 Not Applicable Bond Fund Index Gilt IndexSince inception (31.10.2003) 41749 35522 26987 Not Applicable Discrete 12 months performance Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 11.2387 9.44% 8.81% 7.10% Jun 30, 2010 to Jun 30, 2011 10.5377 6.65% 5.59% 1.79%FT India Life Stage Fund of Funds (FTLF) - Growth Option Compounded Annualised Growth Rate PerformanceNAV as at June 29, 2012: (Rs.): Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.04% 7.19% 4.41%The 20s Plan: 36.7892; The 30s Plan: 28.9758; The 40s Plan: 24.5638; The 50s Plus Plan: 19.9931; Since inception till Jun 29, 2012 10 8.45% 6.75% 4.23%The 50s Plus Floating Rate Plan: 20.9911 Current Value of Standard Investment of Rs 10000Fund Manager: Equity: Anand Radhakrishnan; Debt: Sachin Padwal-Desai, Pallab Roy Last 2 years 11672 11489 10901www.franklintempletonindia.com Franklin Templeton Investments 30
  • 43. SCHEME PERFORMANCESince inception (11.12.2009) 12299 11812 11114 Index Discrete 12 months performanceTempleton India Low Duration Fund (TILDF) - GrowthNAV as at June 29, 2012: (Rs.) 11.8653 Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 33.8159 8.48% 9.79% 7.10%Fund Manager Sachin Padwal-Desai, Umesh Sharma Jun 30, 2010 to Jun 30, 2011 32.8210 3.03% 4.87% 1.79% NAV Per Unit (Rs.) Growth Crisil Short-Term 1 year T-Bill Jun 30, 2009 to Jun 30, 2010 32.6726 0.45% 4.49% 3.43% Bond Fund Index # Compounded Annualised Growth Rate PerformanceDiscrete 12 months performance Last 2 years (Jun 30, 2010 to Jun 29, 2012) 5.72% 7.30% 4.41%Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.7794 10.07% 8.81% 7.73% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 3.94% 6.36% 4.08%Compounded Annualised Growth Rate Performance Last 5 years (Jun 29, 2007 to Jun 29, 2012) 24.3460 8.54% 8.23% 6.45%Since inception from 26.7.2010 till Jun 29, 2012 10 9.27% 7.80% 6.08% Last 10 years (Jun 28, 2002 to Jun 29, 2012) 17.0160 7.98% 7.59% 6.07%Current Value of Standard Investment of Since inception till Jun 29, 2012 10 10.49% N.A N.ARs 10000 since inception 11865 11559 11207 Current Value of Standard Investment of Rs 10000Templeton India Low Duration Fund (TILDF) - Monthly Dividend (MD) Last 2 years 11177 11514 10901NAV as at June 29, 2012: MD: 10.4268 Last 3 years 11228 12031 11275 NAV Per Unit (Rs.) MD Crisil Short-Term 1 year T-Bill Last 5 years 15068 14854 13672 Bond Fund Index # Last 10 years 21559 20792 18043Discrete 12 months performance Since inception (21.6.1999) 36684 N.A N.AJun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.3030 10.07% 8.81% 7.73%Jun 30, 2010 to Jun 30, 2011 10.1515 7.70% 6.73% 4.43% Templeton India Government Securities Fund (TGSF) - Growth - PF PlanJun 30, 2009 to Jun 30, 2010 10.4051 5.59% 7.66% 1.97% NAV as at June 29, 2012: (Rs.) PF: 16.1127Compounded Annualised Growth Rate Performance NAV Per Unit (Rs.) PF I-Sec Crisil 10 YearLast 2 years (Jun 30, 2010 to Jun 29, 2012) 8.88% 7.77% 6.06% Composite Gift IndexLast 3 years (Jun 30, 2009 to Jun 29, 2012) 7.77% 7.73% 4.68% IndexLast 5 years (Jun 29, 2007 to Jun 29, 2012) 10.3569 7.81% 7.81% 5.52% Discrete 12 months performanceLast 10 years (Jun 28, 2002 to Jun 29, 2012) 10.34 6.36% 8.59% 5.29% Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 14.8528 8.48% 9.79% 7.10%Since inception till Jun 29, 2012 10 7.28% N.A 6.02% Jun 30, 2010 to Jun 30, 2011 14.4158 3.03% 4.87% 1.79%Current Value of Standard Investment of Rs 10000Last 2 years 11855 11614 11250 Jun 30, 2009 to Jun 30, 2010 14.3507 0.45% 4.49% 3.43%Last 3 years 12517 12504 11471 Compounded Annualised Growth Rate PerformanceLast 5 years 14574 14571 13088 Last 2 years (Jun 30, 2010 to Jun 29, 2012) 5.72% 7.30% 4.41%Last 10 years 18541 22828 16756 Last 3 years (Jun 30, 2009 to Jun 29, 2012) 3.94% 6.36% 4.08%Since inception (7.2.2000) 23914 N.A 20653 Last 5 years (Jun 29, 2007 to Jun 29, 2012) 10.6936 8.54% 8.23% 6.45% Since inception till Jun 29, 2012 10 6.03% 6.33% 4.18%Templeton India Low Duration Fund (TILDF) - Quarterly Dividend (QD)NAV as at June 29, 2012: (Rs.) QD: 10.5628 Current Value of Standard Investment of Rs 10000 NAV Per Unit (Rs.) QD Crisil Short-Term 1 year T-Bill Last 2 years 11177 11514 10901 Bond Fund Index # Last 3 years 11228 12031 11275Discrete 12 months performance Last 5 years 15068 14854 13672Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.2732 10.07% 8.81% 7.73% Since inception (7.5.2004) 16113 16492 13964Jun 30, 2010 to Jun 30, 2011 10.5305 7.69% 6.73% 4.43%Jun 30, 2009 to Jun 30, 2010 10.5251 5.59% 7.66% 1.97% Templeton India Government Securities Fund (TGSF) - Growth - Treasury Plan (TP)Compounded Annualised Growth Rate Performance NAV as at June 29, 2012: (Rs.) TP: 18.5846Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.88% 7.77% 6.06% NAV Per Unit (Rs.) TP I-Sec Si-BEX 1 year T-BillLast 3 years (Jun 30, 2009 to Jun 29, 2012) 7.77% 7.73% 4.68% Discrete 12 months performanceLast 5 years (Jun 29, 2007 to Jun 29, 2012) 10.3772 7.81% 7.81% 5.52% Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 17.2121 7.97% 9.30% 7.73%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 10.24 6.37% 8.59% 5.29% Jun 30, 2010 to Jun 30, 2011 16.4587 4.58% 4.25% 4.43%Since inception till Jun 29, 2012 7.30% N.A 6.02% Jun 30, 2009 to Jun 30, 2010 15.9862 2.96% 5.49% 1.97%Current Value of Standard Investment of Rs 10000Last 2 years 11854 11614 11250 Compounded Annualised Growth Rate PerformanceLast 3 years 12517 12504 11471 Last 2 years (Jun 30, 2010 to Jun 29, 2012) 6.26% 6.74% 6.06%Last 5 years 14574 14571 13088 Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.15% 6.32% 4.68%Last 10 years 18564 22828 16756 Last 5 years (Jun 29, 2007 to Jun 29, 2012) 14.1711 5.57% 7.90% 5.52%Since inception (7.2.2000) 23959 N.A 20653 Last 10 years (Jun 28, 2002 to Jun 29, 2012) 10.3990 5.97% 7.00% 5.29%# Index adjusted for the period April 1, 2002 to November 29, 2010 with the performance of Crisil MIP Blended Index. Since inception till Jun 29, 2012 10 6.15% N.A 5.31% Current Value of Standard Investment of Rs 10000FT India Monthly Income Plan (FTIMIP) - Growth OptionNAV as at June 29, 2012: (Rs.) 30.0393 Last 2 years 11292 11394 11250Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Sachin Padwal-Desai, Umesh Sharma Last 3 years 11625 12020 11471 NAV Per Unit (Rs.) FTIMIP Crisil MIP Crisil 10 Year Last 5 years 13114 14629 13088 Blended Index Gilt Index Last 10 years 17872 19680 16756Discrete 12 months performance Since inception (11.2.2002) 18585 N.A 17107Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 28.4231 5.69% 6.54% 7.10%Jun 30, 2010 to Jun 30, 2011 27.0126 5.22% 5.03% 1.79% Templeton India Government Securities Fund (TGSF) - Growth - Long Term Plan (LT)Jun 30, 2009 to Jun 30, 2010 24.7343 9.21% 7.66% 3.43% NAV as at June 29, 2012: (Rs.) LT: 25.6963Compounded Annualised Growth Rate Performance NAV Per Unit (Rs.) LT I-Sec Li-BEX Crisil 10 YearLast 2 years (Jun 30, 2010 to Jun 29, 2012) 5.45% 5.78% 4.41% Gift IndexLast 3 years (Jun 30, 2009 to Jun 29, 2012) 6.69% 6.40% 4.08% Discrete 12 months performanceLast 5 years (Jun 29, 2007 to Jun 29, 2012) 21.4620 6.95% 7.01% 6.45% Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 23.5956 8.90% 9.72% 7.10%Last 10 years (Jun 28, 2002 to Jun 29, 2012) 12.22 9.40% 8.19% 6.07% Jun 30, 2010 to Jun 30, 2011 22.9633 2.75% 5.40% 1.79%Since inception till Jun 29, 2012 10 9.81% N.A N.A Jun 30, 2009 to Jun 30, 2010 22.7614 0.89% 3.96% 3.43%Current Value of Standard Investment of Rs 10000 Compounded Annualised Growth Rate PerformanceLast 2 years 11120 11190 10901 Last 2 years (Jun 30, 2010 to Jun 29, 2012) 5.78% 7.54% 4.41%Last 3 years 12145 12047 11275Last 5 years 13997 14039 13672 Last 3 years (Jun 30, 2009 to Jun 29, 2012) 4.13% 6.33% 4.08%Last 10 years 24582 21995 18043 Last 5 years (Jun 29, 2007 to Jun 29, 2012) 16.5939 9.13% 8.69% 6.45%Since inception (28.9.2000) 30039 N.A N.A Last 10 years (Jun 28, 2002 to Jun 29, 2012) 10.69 9.16% 8.26% 6.07% Since inception till Jun 29, 2012 10 9.34% N.A 6.66%Templeton India Government Securities Fund (TGSF) - Growth - Composite Plan (CP) Current Value of Standard Investment of Rs 10000NAV as at June 29, 2012: (Rs.) CP: 36.6843Fund Manager Sachin Padwal-Desai, Umesh Sharma Last 2 years 11190 11564 10901 NAV Per Unit (Rs.) CP I-Sec Crisil 10 Year Last 3 years 11289 12022 11275 Composite Gift Index Last 5 years 15485 15176 13672www.franklintempletonindia.com Franklin Templeton Investments 31
  • 44. SCHEME PERFORMANCELast 10 years 24038 22135 18043 Last 10 years (Jun 28, 2002 to Jun 29, 2012) 1034.51 7.78% 6.40% 5.29%Since inception (7.12.2001) 25696 N.A 19769 Since inception till Jun 29, 2012 1000 7.81% N.A 5.33% Current Value of Standard Investment of Rs 10000Templeton Floating Rate Income Fund (TFIF) - Growth Option - Retail Last 2 years 11657 11489 11250NAV as at June 29, 2012: (Rs.) Retail: 20.0497Fund Manager Pallab Roy, Sachin Padwal-Desai Last 3 years 12661 12047 11471 NAV Per Unit (Rs.) Retail Crisil Liquid 1 year T-Bill Last 5 years 15584 14353 13088 Fund Index Last 5 years 21164 18606 16756Discrete 12 months performance Since inception (31.1.2002) 21894 N.A 17184Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 18.3062 9.52% 8.68% 7.73%Jun 30, 2010 to Jun 30, 2011 17.0426 7.41% 7.18% 4.43% Templeton India Short Term Income Plan (TISTIP) - Growth - Institutional Plan (IP)Jun 30, 2009 to Jun 30, 2010 16.2166 5.09% 3.29% 1.97% NAV as at June 29, 2012: (Rs.) IP: 1764.1806Compounded Annualised Growth Rate Performance NAV Per Unit (Rs.) IP Crisil Short- 1 year T-BillLast 2 years (Jun 30, 2010 to Jun 29, 2012) 8.46% 7.93% 6.06% Term Bond Fund IndexLast 3 years (Jun 30, 2009 to Jun 29, 2012) 7.33% 6.36% 4.68%Last 5 years (Jun 29, 2007 to Jun 29, 2012) 13.7848 7.77% 6.84% 5.52% Discrete 12 months performanceLast 10 years (Jun 28, 2002 to Jun 29, 2012) 10.29 6.89% 6.07% 5.29% Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 1609.9361 9.58% 8.81% 7.73%Since inception till Jun 29, 2012 10 6.93% N.A 5.31% Jun 30, 2010 to Jun 30, 2011 1507.2582 6.81% 5.59% 4.43%Current Value of Standard Investment of Rs 10000 Jun 30, 2009 to Jun 30, 2010 1385.3021 8.80% 4.85% 1.97%Last 2 years 11764 11649 11250 Compounded Annualised Growth Rate PerformanceLast 3 years 12364 12032 11471 Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.19% 7.19% 6.06%Last 5 years 14545 13928 13088 Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.39% 6.40% 4.68%Last 10 years 19485 18036 16756 Last 5 years (Jun 29, 2007 to Jun 29, 2012) 1123.3784 9.44% 7.49% 5.52%Since inception (11.2.2002) 20050 N.A 17107 Since inception till Jun 29, 2012 1000 8.68% 6.94% 5.35%Templeton Floating Rate Income Fund (TFIF) - Growth Option - Institutional Plan (IP) Current Value of Standard Investment of Rs 10000NAV as at June 29, 2012: (Rs.) IP: 16.7232 Last 2 years 11705 11489 11250 NAV Per Unit (Rs.) IP Crisil Liquid 1 year T-Bill Last 3 years 12735 12047 11471 Fund Index Last 5 years 15704 14353 13088Discrete 12 months performance Since inception (6.9.2005) 17642 15799 14267Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 15.2310 9.80% 8.68% 7.73%Jun 30, 2010 to Jun 30, 2011 14.1445 7.68% 7.18% 4.43% Templeton India Ultra Short Bond Fund (TIUBF) - Growth OptionJun 30, 2009 to Jun 30, 2010 13.4147 5.44% 3.29% 1.97% NAV as at June 29, 2012: (Rs.) Regular: 14.0209; IP: 14.1487; SIP: 14.2692Compounded Annualised Growth Rate Performance Fund Manager Pallab Roy, Sachin Padwal-DesaiLast 2 years (Jun 30, 2010 to Jun 29, 2012) 8.73% 7.93% 6.06% Current Value ofLast 3 years (Jun 30, 2009 to Jun 29, 2012) 7.62% 6.36% 4.68% Discrete 12 months performance Compounded Annualised Standard Investment ofLast 5 years (Jun 29, 2007 to Jun 29, 2012) 11.3004 8.15% 6.84% 5.52% Growth Rate Performance Rs 10000Since inception till Jun 29, 2012 10 7.84% 6.74% 5.35% invested at the beginningCurrent Value of Standard Investment of Rs 10000 of the periodLast 2 years 11823 11649 11250 Mar 31, 2011 Mar 31, 2010 Mar 31, 2009 Last Last Since Last Last sinceLast 3 years 12466 12032 11471 to Mar 30, 2012 to to 2 years 3 years inception 2 years 3 years inceptionLast 5 years 14799 13928 13088 (Last 1 year) Mar 31, 2011 Mar 31, 2010 (Mar 31, (Mar 31, till Mar 30, on 18thSince inception (6.9.2005) 16723 15603 14267 2010 to 2009 to 2012 Dec 2007 Mar 30, Mar 30,Templeton Floating Rate Income Fund (TFIF) - Growth Option - Super Institutional Plan (SIP) 2012) 2012)NAV as at June 29, 2012: (Rs.) SIP: 15.2383 Regular - NAV Per Unit (Rs.) 12.7780 11.8693 11.3577 10 NAV Per Unit (Rs.) SIP Crisil Liquid 1 year T-Bill Regular - Returns 9.73% 7.66% 4.50% 8.69% 7.27% 7.74% 11813 12345 14021 Fund Index IP - NAV Per Unit (Rs.) 12.8688 11.9297 11.3927 10Discrete 12 months performance IP - Returns 9.95% 7.87% 4.71% 8.90% 7.49% 7.95% 11860 12419 14149Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 13.8131 10.32% 8.68% 7.73% SIP - NAV Per Unit (Rs.) 12.9505 11.9902 11.4276 10Jun 30, 2010 to Jun 30, 2011 12.7767 8.11% 7.18% 4.43% SIP - Returns 10.18% 8.01% 4.92% 9.09% 7.68% 8.16% 11901 12487 14269Jun 30, 2009 to Jun 30, 2010 12.0758 5.80% 3.29% 1.97% Crisil Liquid Fund Index 8.68% 7.18% 3.29% 7.93% 6.36% 6.91% 11649 12032 13541Compounded Annualised Growth Rate Performance 1 year T-Bill 7.73% 4.43% 1.97% 6.06% 4.68% 5.53% 11250 11471 12762Last 2 years (Jun 30, 2010 to Jun 29, 2012) 9.21% 7.93% 6.06%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.06% 6.36% 4.68% Templeton India Childrens Asset Plan - Growth Option - Educational PlanLast 5 years (Jun 29, 2007 to Jun 29, 2012) 10.1223 8.52% 6.84% 5.52% Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Sachin Padwal-Desai, Umesh SharmaSince inception till Jun 29, 2012 10 8.53% 6.89% 5.58% NAV as at June 29, 2012: (Rs.) Education Plan: 34.4028Current Value of Standard Investment of Rs 10000 NAV Per Unit (Rs.) Education Crisil MIP Crisil 10 YearLast 2 years 11927 11649 11250 Plan Blended Index Gift IndexLast 3 years 12619 12032 11471 Discrete 12 months performanceLast 5 years 15054 13928 13088 Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 32.7683 4.99% 6.54% 7.10%Since inception (9.5.2007) 15238 14089 13221 Jun 30, 2010 to Jun 30, 2011 31.2156 4.97% 5.03% 1.79%Templeton India Short Term Income Plan (TISTIP) - Growth - Retail Jun 30, 2009 to Jun 30, 2010 28.9421 7.86% 7.66% 3.43%Fund Manager Umesh Sharma, Sachin Padwal-Desai Compounded Annualised Growth Rate PerformanceNAV as at June 29, 2012: (Rs.) Retail: 2189.4411 Last 2 years (Jun 30, 2010 to Jun 29, 2012) 4.98% 5.78% 4.41% NAV Per Unit (Rs.) Retail Crisil Short- 1 year T-Bill Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.93% 6.40% 4.08% Term Bond Last 5 years (Jun 29, 2007 to Jun 29, 2012) 26.4069 5.43% 7.01% 6.45% Fund Index Last 10 years (Jun 28, 2002 to Jun 29, 2012) 16.54 7.59% 7.80% 6.07%Discrete 12 months performance Since inception till Jun 29, 2012 10 9.17% N.A N.AJun 30, 2011 to Jun 29, 2012 (Last 1 year) 2002.0946 9.36% 8.81% 7.73%Jun 30, 2010 to Jun 30, 2011 1878.2807 6.59% 5.59% 4.43% Current Value of Standard Investment of Rs 10000Jun 30, 2009 to Jun 30, 2010 1729.2472 8.62% 4.85% 1.97% Last 2 years 11021 11190 10901Compounded Annualised Growth Rate Performance Last 3 years 11887 12047 11275Last 2 years (Jun 30, 2010 to Jun 29, 2012) 7.97% 7.19% 6.06% Last 5 years 13028 14039 13672Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.18% 6.40% 4.68% Last 10 years 20800 21214 18043Last 5 years (Jun 29, 2007 to Jun 29, 2012) 1404.9431 9.27% 7.49% 5.52% Since inception (5.6.1998) 34403 N.A N.Awww.franklintempletonindia.com Franklin Templeton Investments 32
  • 45. SCHEME PERFORMANCETempleton India Childrens Asset Plan - Growth Option - Gift Plan May 31, 2012 to Jun 29, 2012 1623.6270 9.52% 7.46% 7.23%NAV as at June 29, 2012: (Rs.) Gift Plan: 44.7741 Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 1489.5091 9.83% 8.68% 7.73% NAV Per Unit (Rs.) Gift Plan Crisil Balanced S&P CNX Nifty Jun 30, 2010 to Jun 30, 2011 1383.0771 7.70% 7.18% 4.43% Fund Index Jun 30, 2009 to Jun 30, 2010 1324.7632 4.40% 3.29% 1.97%Discrete 12 months performance Compounded Annualised Growth Rate PerformanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 44.6100 0.37% -0.99% -6.53% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.76% 7.93% 6.06%Jun 30, 2010 to Jun 30, 2011 42.1915 5.73% 6.04% 6.30% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.29% 6.36% 4.68%Jun 30, 2009 to Jun 30, 2010 34.8421 21.09% 17.34% 23.80% Last 5 years (Jun 29, 2007 to Jun 29, 2012) 1130.4625 7.66% 6.84% 5.52%Compounded Annualised Growth Rate Performance Since inception till Jun 29, 2012 1000 7.48% 6.74% 5.36%Last 2 years (Jun 30, 2010 to Jun 29, 2012) 3.02% 2.47% -0.32% Current Value of Standard Investment of Rs 10000Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.72% 7.20% 7.15% Last 2 years 11828 11649 11250Last 5 years (Jun 29, 2007 to Jun 29, 2012) 33.4021 6.03% 6.18% 4.09% Last 3 years 12349 12032 11471Last 10 years (Jun 28, 2002 to Jun 29, 2012) 16.54 10.46% 9.92% 17.42% Last 5 years 14471 13928 13088Since inception till Jun 29, 2012 10 11.24% N.A 12.60% Since inception (2.9.2005) 16359 15611 14284Current Value of Standard Investment of Rs 10000Last 2 years 10612 10499 9937 Templeton India Cash Management Account (TICMA) - Growth OptionLast 3 years 12851 12320 12302 Fund Manager Pallab Roy, Umesh SharmaLast 5 years 13405 13502 12224 NAV as at June 29, 2012: (Rs.) 18.1636Last 10 years 27070 25787 49905 NAV Per Unit (Rs.) TICMA Crisil Liquid 1 year T-BillSince inception (5.6.1998) 44774 N.A 53134 Fund Index# Benchmark Index has been adjusted for the 10% S&P CNX Nifty + 90% Crisil Composite Bond Fund Index for the period March 28, 2002 to September 9, 2005 Discrete 12 months performance Jun 22, 2012 to Jun 29, 2012 18.1402 6.73% 8.31% 4.58%Templeton India Treasury Management Account (TITMA) - Growth Option - Retail Jun 14, 2012 to Jun 29, 2012 18.1129 6.81% 8.10% 1.62%NAV as at June 29, 2012: (Rs.) Retail: 2677.3852 May 31, 2012 to Jun 29, 2012 18.0638 6.95% 7.46% 7.23%Fund Manager Pallab Roy, Sachin Padwal-Desai Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 16.9201 7.35% 8.68% 7.73% NAV Per Unit (Rs.) Retail Crisil Liquid 1 year T-Bill Jun 30, 2010 to Jun 30, 2011 16.0220 5.61% 7.18% 4.43% Fund Index Jun 30, 2009 to Jun 30, 2010 15.6313 2.50% 3.29% 1.97%Discrete 12 months performance Compounded Annualised Growth Rate PerformanceJun 22, 2012 to Jun 29, 2012 2672.8309 8.88% 8.31% 4.58% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 6.47% 7.93% 6.06%Jun 14, 2012 to Jun 29, 2012 2667.8036 8.74% 8.10% 1.62% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.13% 6.36% 4.68%May 31, 2012 to Jun 29, 2012 2658.5928 8.90% 7.46% 7.23% Last 5 years (Jun 29, 2007 to Jun 29, 2012) 13.8670 5.54% 6.84% 5.52%Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 2452.9077 9.15% 8.68% 7.73% Last 10 years (Jun 28, 2002 to Jun 29, 2012) 10.8472 5.28% 6.07% 5.29%Jun 30, 2010 to Jun 30, 2011 2290.1952 7.10% 7.18% 4.43% Since inception till Jun 29, 2012 10 5.48% N.A 5.68%Jun 30, 2009 to Jun 30, 2010 2204.5901 3.88% 3.29% 1.97% Current Value of Standard Investment of Rs 10000Compounded Annualised Growth Rate Performance Last 2 years 11337 11649 11250Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.12% 7.93% 6.06% Last 3 years 11620 12032 11471Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.69% 6.36% 4.68% Last 5 years 13098 13928 13088Last 5 years (Jun 29, 2007 to Jun 29, 2012) 1898.1954 7.11% 6.84% 5.52% Last 10 years 16745 18036 16756Last 10 years (Jun 28, 2002 to Jun 29, 2012) 1433.31 6.44% 6.07% 5.29% Since inception (23.4.2001) 18164 N.A 18560Since inception till Jun 29, 2012 1000 7.19% N.A 6.33%Current Value of Standard Investment of Rs 10000 Franklin Templeton Fixed Tenure Fund - (FTFTF IX B) - Growth OptionLast 2 years 11691 11649 11250 NAV as at June 29, 2012: (Rs.) 13.0282Last 3 years 12145 12032 11471 Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab RoyLast 5 years 14105 13928 13088 NAV Per Unit (Rs.) FTFTF IX B - Benchmark * Crisil 10 YearLast 10 years 18680 18036 16756 5 Year Gift IndexSince inception (29.4.1998) 26774 N.A 23871 Discrete 12 months performanceTempleton India Treasury Management Account (TITMA) - Growth Option - Institutional Plan (IP) Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 12.4987 4.24% 4.86% 7.10%NAV as at June 29, 2012: (Rs.) IP: 1706.9233 Jun 30, 2010 to Jun 30, 2011 12.0141 4.03% 4.56% 1.79% NAV Per Unit (Rs.) IP Crisil Liquid 1 year T-Bill Jun 30, 2009 to Jun 30, 2010 10.8377 10.85% 10.10% 3.43% Fund Index Compounded Annualised Growth Rate PerformanceDiscrete 12 months performance Last 2 years (Jun 30, 2010 to Jun 29, 2012) 4.13% 4.71% 4.41%Jun 22, 2012 to Jun 29, 2012 1703.9390 9.13% 8.31% 4.58% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.33% 6.48% 4.08%Jun 14, 2012 to Jun 29, 2012 1700.6411 8.99% 8.10% 1.62% Since inception till Jun 29, 2012 10 6.65% 5.88% 5.93%May 31, 2012 to Jun 29, 2012 1694.6071 9.15% 7.46% 7.23% Current Value of Standard Investment of Rs 10000Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 1559.9063 9.42% 8.68% 7.73% Last 2 years 10844 10964 10901Jun 30, 2010 to Jun 30, 2011 1452.7942 7.37% 7.18% 4.43% Last 3 years 12021 12072 11275Jun 30, 2009 to Jun 30, 2010 1394.9990 4.14% 3.29% 1.97% Since inception (21.5.2008) 13028 12649 12671Compounded Annualised Growth Rate Performance *25% S&P CNX 500 + 65% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund IndexLast 2 years (Jun 30, 2010 to Jun 29, 2012) 8.39% 7.93% 6.06%Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.96% 6.36% 4.68% Franklin Templeton Fixed Tenure Fund - (FTFTF X C) - Growth OptionLast 5 years (Jun 29, 2007 to Jun 29, 2012) 1195.16 7.38% 6.84% 5.52% NAV as at June 29, 2012: (Rs.) 13.5024Since inception till Jun 29, 2012 1000 6.89% 6.39% 5.22% Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab RoyCurrent Value of Standard Investment of Rs 10000 NAV Per Unit (Rs.) FTFTF X C - Benchmark * Crisil 10 YearLast 2 years 11749 11649 11250 5 Year Gift IndexLast 3 years 12236 12032 11471 Discrete 12 months performanceLast 5 years 14282 13928 13088 Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 12.9926 3.92% 4.86% 7.10%Since inception (22.6.2004) 17069 16438 15040 Jun 30, 2010 to Jun 30, 2011 12.5247 3.74% 4.56% 1.79%Templeton India Treasury Management Account (TITMA) - Growth Option - Super Institutional Plan (SIP) Jun 30, 2009 to Jun 30, 2010 11.1715 12.11% 10.10% 3.43%NAV as at June 29, 2012: (Rs.) SIP: 1635.9088 Compounded Annualised Growth Rate Performance NAV Per Unit (Rs.) SIP Crisil Liquid 1 year T-Bill Last 2 years (Jun 30, 2010 to Jun 29, 2012) 3.83% 4.71% 4.41% Fund Index Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.52% 6.48% 4.08%Discrete 12 months performance Since inception till Jun 29, 2012 10 8.04% 7.16% 7.43%Jun 22, 2012 to Jun 29, 2012 1632.9321 9.51% 8.31% 4.58% Current Value of Standard Investment of Rs 10000Jun 14, 2012 to Jun 29, 2012 1629.6394 9.36% 8.10% 1.62% Last 2 years 10781 10964 10901www.franklintempletonindia.com Franklin Templeton Investments 33
  • 46. SCHEME PERFORMANCELast 3 years 12086 12072 11275 Franklin Templeton Fixed Tenure Fund - Series XIII - Plan C (FTFTF XIII C) - Growth OptionSince inception (11.8.2008) 13502 13080 13211 NAV as at June 29, 2012: (Rs.) 10.9240*25% S&P CNX 500 + 65% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy NAV Per Unit (Rs.) FTFTF XIII C - Benchmark * Crisil 10 YearFranklin Templeton Fixed Tenure Fund - (FTFTF X D) - Growth Option 5 Year Gift IndexNAV as at June 29, 2012: (Rs.) 13.6715 Discrete 12 months performanceFund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.4600 4.44% 4.86% 7.10% NAV Per Unit (Rs.) FTFTF X D - Benchmark * Crisil 10 Year Jun 30, 2010 to Jun 30, 2011 10.1670 2.88% 4.56% 1.79% 5 Year Gift Index Compounded Annualised Growth Rate PerformanceDiscrete 12 months performanceJun 30, 2011 to Jun 29, 2012 (Last 1 year) 13.1103 4.28% 4.86% 7.10% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 3.66% 4.71% 4.41%Jun 30, 2010 to Jun 30, 2011 12.6606 3.55% 4.56% 1.79% Since inception till Jun 29, 2012 10 4.13% 4.82% 5.22%Jun 30, 2009 to Jun 30, 2010 11.5215 9.89% 10.10% 3.43% Current Value of Standard Investment of Rs 10000Compounded Annualised Growth Rate Performance Last 2 years 10745 10964 10901Last 2 years (Jun 30, 2010 to Jun 29, 2012) 3.92% 4.71% 4.41% Since inception (23.4.2010) 10924 11085 11176Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.87% 6.48% 4.08% *25% S&P CNX 500 + 65% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund IndexSince inception till Jun 29, 2012 10 8.70% 8.69% 6.86%Current Value of Standard Investment of Rs 10000 Franklin Templeton Fixed Tenure Fund Series XIV - Plan A (FTFTF XIV A) - Growth OptionLast 2 years 10798 10964 10901 NAV as at June 29, 2012: (Rs.) 10.7832Last 3 years 11866 12072 11275 Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab RoySince inception (29.9.2008) 13672 13669 12825 NAV Per Unit (Rs.) FTFTF XII C - Benchmark * Crisil 10 Year*25% S&P CNX 500 + 65% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index 3 Year Gift Index Discrete 12 months performanceFranklin Templeton Fixed Tenure Fund (FTFTF XII A) - Growth Option Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.2583 5.12% 5.64% 7.10%NAV as at June 29, 2012: (Rs.) 11.4688 Compounded Annualised Growth Rate PerformanceFund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy Since inception from 21.7.2010 till Jun 29, 2012 10 3.96% 5.05% 4.80% NAV Per Unit (Rs.) FTFTF XII A - Benchmark * Crisil 10 Year 5 Year Gift Index Current Value of Standard Investment of Rs 10000 since inception 10783 11004 10954Discrete 12 months performance *20% S&P CNX 500 + 70% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund IndexJun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.8996 5.22% 5.64% 7.10%Jun 30, 2010 to Jun 30, 2011 10.5518 3.30% 4.63% 1.79% Franklin Templeton Fixed Tenure Fund - Series XIV - Plan A (FTFTF XIV B) - Growth OptionCompounded Annualised Growth Rate Performance NAV as at June 29, 2012: (Rs.) 10.7623Last 2 years (Jun 30, 2010 to Jun 29, 2012) 4.25% 5.14% 4.41% Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab RoySince inception till Jun 29, 2012 10 5.19% 5.66% 5.07% NAV Per Unit (Rs.) FTFTF XIV A - Benchmark * Crisil 10 YearCurrent Value of Standard Investment of Rs 10000 3 Year Gift IndexLast 2 years 10869 11053 10901 Discrete 12 months performanceSince inception (15.10.2009) 11469 11607 11432 Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.1965 5.55% 5.64% 7.10%*20% S&P CNX 500 + 70% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index Compounded Annualised Growth Rate Performance Since inception from 6.10.2010 till Jun 29, 2012 10 4.33% 3.75% 5.39%Franklin Templeton Fixed Tenure Fund - Series XII - Plan A (FTFTF XII A) - Growth Option Current Value of Standard Investment of Rs 10000 since inception 10762 10658 10951NAV as at June 29, 2012: (Rs.) 11.1615 *20% S&P CNX 500 + 70% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund IndexFund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy NAV Per Unit (Rs.) FTFTF XII A - Benchmark * Crisil 10 Year Franklin Templeton Fixed Tenure Fund - Series XV - Plan B (FTFTF XV ) - Growth Option 3 Year Gift Index NAV as at June 29, 2012: (Rs.) 10.8929Discrete 12 months performance Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab RoyJun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.6027 5.27% 5.64% 7.10% NAV Per Unit (Rs.) FTFTF XV - Benchmark * Crisil 10 YearJun 30, 2010 to Jun 30, 2011 10.2619 3.32% 4.63% 1.79% 3 Year Gift IndexCompounded Annualised Growth Rate Performance Discrete 12 months performanceLast 2 years (Jun 30, 2010 to Jun 29, 2012) 4.29% 5.14% 4.41% Jun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.3320 5.43% 5.64% 7.10%Since inception till Jun 29, 2012 10 4.68% 5.69% 4.38% Compounded Annualised Growth Rate PerformanceCurrent Value of Standard Investment of Rs 10000 Since inception from 7.2.2011 till Jun 29, 2012 10 6.34% 6.38% 6.11%Last 2 years 10877 11053 10901Since inception (4.2.2010) 11162 11421 11084 Current Value of Standard Investment of Rs 10000 since inception 10893 10898 10860*20% S&P CNX 500 + 70% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index *20% S&P CNX 500 + 70% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund IndexFranklin Templeton Fixed Tenure Fund - Series XII - Plan B (FTFTF XII B) - Growth OptionNAV as at June 29, 2012: (Rs.) 11.3237 Past performance may or may not be sustained in the future.Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy Returns greater than 1 year period are compounded annualized NAV Per Unit (Rs.) FTFTF XII B - Benchmark * Crisil 10 Year 3 Year Gift Index Performance of close-ended funds are not strictly comparable with that of open-endedDiscrete 12 months performance schemes since its investment strategy is primarily buy-and-hold whereas opened-endedJun 30, 2011 to Jun 29, 2012 (Last 1 year) 10.7499 5.34% 5.64% 7.10% schemes are actively managedJun 30, 2010 to Jun 30, 2011 10.4142 3.22% 4.63% 1.79%Compounded Annualised Growth Rate Performance Given the asset allocation, hybrid fund performance are not comparable with pureLast 2 years (Jun 30, 2010 to Jun 29, 2012) 4.28% 5.14% 4.41% equity/debt fund performance and that of Additional BenchmarksSince inception till Jun 29, 2012 10 4.86% 5.47% 4.75% For liquid funds, the less than 1 year returns are simple annualisedCurrent Value of Standard Investment of Rs 10000Last 2 years 10873 11053 10901 Performance of dividend plan/option would be net of distribution taxSince inception (16.11.2009) 11324 11498 11291 Load has not been taken into consideration. Dividends assumed to be reinvested and Bonus*20% S&P CNX 500 + 70% Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index is adjusted.www.franklintempletonindia.com Franklin Templeton Investments 34
  • 47. Market Resilience for other funds managed by K.N. Sivasubramanian, Anand Radhakrishnan, R Janakiraman and Anand VasudevanFIPF FTDPEF Date FIPF S&P CNX 500 S&P CNX Nifty Date FTDPEF BSE Sensex Crisil Balanced Additional Fund Index BenchmarkInception 1-Dec-93 N.A N.A N.AInitial Rise 12-Sep-94 103.30% 36.24% 37.40% Inception 31-Oct-03 N.A N.A N.A Not ApplicableFall 04-Dec-96 -53.91% -53.87% -43.09% Initial Rise 14-Jan-04 24.97% 26.23% 16.16% Not ApplicableRise 05-Aug-97 20.38% 58.98% 61.54% India Re-rating 10-May-06 80.82% 103.62% 53.57% Not ApplicableFall 20-Oct-98 -5.59% -33.87% -36.48% Precrisis Peak 08-Jan-08 41.62% 65.50% 46.59% Not ApplicableTech rally peak 11-Feb-00 261.41% 176.49% 117.14% Fall after peak 09-Mar-09 -34.82% -60.91% -40.81% Not Applicable11/9 impact 21-Sep-01 -63.78% -64.60% -51.36% Market Peak 09-Nov-10 93.98% 156.51% 86.58% Not ApplicableRecovery 14-Jan-04 488.45% 197.02% 132.05% Current 29-Jun-12 3.18% -16.73% -6.54% Not ApplicableIndia Re-rating 10-May-06 157.82% 97.93% 89.40% Returns since inception# 29-Jun-12 17.92% 15.75% 12.13% Not ApplicablePrecrisis Peak 08-Jan-08 48.80% 70.16% 67.49%Fall after peak 09-Mar-09 -69.23% -63.98% -59.08%Market Peak 09-Nov-10 227.86% 164.30% 144.90% FIHGCFCurrent 29-Jun-12 -16.62% -19.77% -16.23% Date FIHGCF S&P CNX 500 S&P CNX NiftyReturns since inception# 29-Jun-12 19.27% 8.97% 9.32% Inception 26-Jul-07 N.A N.A N.A Precrisis Peak 08-Jan-08 43.91% 41.86% 36.11%FIT Fall after peak 09-Mar-09 -67.20% -63.98% -59.08% Date FIT S&P CNX 500 S&P CNX Nifty Market Peak 09-Nov-10 214.70% 164.30% 144.90%Inception 10-Apr-99 Current 29-Jun-12 -19.60% -19.77% -16.23%Tech rally peak 11-Feb-00 229.20% 122.09% 76.77%11/9 impact 21-Sep-01 -50.39% -64.60% -51.36% Returns since inception# 29-Jun-12 3.67% 1.64% 2.74%Recovery 14-Jan-04 226.94% 197.02% 132.05%India Re-rating 10-May-06 142.37% 97.93% 89.40% FBIFPrecrisis Peak 08-Jan-08 52.48% 70.16% 67.49% Date FBIF S&P CNX 500 S&P CNX NiftyFall after peak 09-Mar-09 -56.82% -63.98% -59.08% Inception 04-Sep-09 N.A N.A N.AMarket Peak 09-Nov-10 164.30% 164.30% 144.90% Market Peak 09-Nov-10 36.78% 35.45% 34.64%Current 29-Jun-12 -6.29% -19.77% -16.23% Current 29-Jun-12 -17.44% -19.77% -16.23%Returns since inception# 29-Jun-12 25.92% 14.51% 13.46% Returns since inception# 29-Jun-12 4.41% 2.99% 4.36%FIFCF Date FIFCF CNX Midcap S&P CNX Nifty FTIBFInception 02-Mar-05 Date FTIBF Crisil Balanced S&P CNX Nifty Fund IndexIndia Re-rating 10-May-06 100.60% 75.80% 79.35%Precrisis Peak 08-Jan-08 57.17% 70.16% 67.49% Inception 10-Dec-99 N.A N.A N.AFall after peak 09-Mar-09 -60.59% -63.98% -59.08% Tech rally peak 11-Feb-00 12.40% N.A 21.97%Market Peak 09-Nov-10 194.89% 164.30% 144.90% 11/9 impact 21-Sep-01 -40.84% N.A -51.36%Current 29-Jun-12 -17.85% -19.77% -16.23% Recovery 14-Jan-04 155.79% N.A 132.05%Returns since inception# 29-Jun-12 16.22% 11.93% 13.45% India Re-rating 10-May-06 81.13% 53.57% 89.40% Precrisis Peak 08-Jan-08 51.70% 46.59% 67.49%FISCF Fall after peak 09-Mar-09 -43.59% -40.81% -59.08% Date FISCF CNX Midcap S&P CNX Nifty Market Peak 09-Nov-10 96.01% 86.58% 144.90%Inception 13-Jan-06 N.A N.A N.AIndia Re-rating 10-May-06 15.00% 26.36% 31.70% Current 29-Jun-12 -5.09% -6.54% -16.23%Precrisis Peak 08-Jan-08 48.59% 76.94% 67.49% Returns since inception# 29-Jun-12 13.50% N.A 10.90%Fall after peak 09-Mar-09 -70.33% -68.81% -59.08%Market Peak 09-Nov-10 225.75% 232.01% 144.90% FTLFCurrent 29-Jun-12 -18.11% -24.62% -16.23%Returns since inception# 29-Jun-12 4.78% 9.00% 10.00% Date FTLF - Benchmark* FTLF - Benchmark* FTLF - Benchmark* Additional The 20s The 30s The 40s Benchmark Plan Plan PlanFIF Date FIF BSE IT S&P CNX Nifty 11/9 impact 01-Dec-03 N.A N.A N.A N.A N.A N.A N.AInception 22-Aug-98 N.A N.A N.A Recovery 14-Jan-04 17.73% 16.77% 12.59% 11.93% 8.16% 8.22% N.AFall 20-Oct-98 -5.00% N.A -5.46% India Re-rating 10-May-06 89.79% 79.48% 57.71% 53.18% 37.97% 34.10% N.ATech rally peak 11-Feb-00 873.82% N.A 117.14% Precrisis Peak 08-Jan-08 42.99% 54.32% 31.47% 39.82% 23.93% 28.94% N.A11/9 impact 21-Sep-01 -83.85% -86.88% -51.36% Fall after peak 09-Mar-09 -46.62% -51.85% -32.71% -37.17% -24.10% -23.19% N.ARecovery 14-Jan-04 178.58% 146.47% 132.05% Market Peak 09-Nov-10 130.24% 119.23% 83.22% 77.61% 69.54% 49.45% N.AIndia Re-rating 10-May-06 107.69% 96.72% 89.40% Current 29-Jun-12 -6.30% -11.59% 0.67% -4.28% 3.22% 1.53% N.APrecrisis Peak 08-Jan-08 0.47% 2.56% 67.49% Returns since inception# 29-Jun-12 16.39% 13.74% 13.20% 11.58% 11.04% 9.51% N.AFall after peak 09-Mar-09 -50.61% -52.29% -59.08%Market Peak 09-Nov-10 207.55% 204.66% 144.90% * Benchmark: The 20s Plan - 65% BSE Sensex + 15% S&P CNX 500 + 20% Crisil Composite Bond Fund Index; The 30s PlanCurrent 29-Jun-12 -5.33% -6.57% -16.23% - 45%BSE Sensex + 10%S&P CNX 500 + 45%Crisil Composite Bond Fund Index; The 40s Plan - 25%BSE Sensex + 10%S&PReturns since inception# 29-Jun-12 19.98% N.A 14.03% CNX 500 + 65% Crisil Composite Bond Fund Index;
  • 48. TICAP - Gift Monetary Tightening Monetary Easing Date TICAP - Gift Crisil Balanced S&P CNX Nifty 31.3.04-29.8.08 31.12.09-29.6.12 28.3.02-31.3.04 29.8.08-31.12.09 Fund Index*Inception 05-Jun-98 N.A N.A N.A FLTF - The 50s plus Plan 7.34 5.99 N.A 15.70Fall 20-Oct-98 4.20% N.A -18.60% 20% BSE Sensex+ 80%Tech rally peak 11-Feb-00 16.89% N.A 117.14%11/9 impact 21-Sep-01 22.25% N.A -51.36% Crisil Composite Bond Fund Index 7.73 5.49 N.A 11.60Recovery 14-Jan-04 30.32% N.A 132.05% FTLF - The 50s plusIndia Re-rating 10-May-06 46.45% 37.79% 89.40%Precrisis Peak 08-Jan-08 44.69% 46.59% 67.49% Floating Rate Plan N.A 6.34 N.A 12.25Fall after peak 09-Mar-09 -42.94% -40.81% -59.08%Market Peak 09-Nov-10 98.65% 86.58% 144.90% 20% BSE Sensex +Current 29-Jun-12 -3.94% -6.54% -16.23% 80% Crisil Liquid Fund Index. N.A 5.96 N.A 9.23Returns since inception# 29-Jun-12 11.24% N.A 12.60% Additional Benchmark Not Applicable Not Applicable Not Applicable Not Applicable* Benchmark Index has been adjusted for the 10% S&P CNX Nifty + 90% Crisil Composite Bond Fund Index for the periodMarch 28, 2002 to September 9, 2005. Monetary Tightening Monetary Easing Past performance may or may not be sustained in future. 31.3.04-29.8.08 31.12.09-29.6.12 28.3.02-31.3.04 29.8.08-31.12.09TIPP 12.28 5.77 23.31 10.75 #Compounded and annualised. Dividends declared are assumed to be reinvested and40% S&P CNX 500 + 60%Crisil Composite Bond Fund Index 11.37 3.71 20.78 15.13 bonus is adjusted.FTIMIP 8.42 5.65 14.42 11.29Crisil MIP Blended Index 6.41 5.85 12.49 11.06 Performance of debt securities is dependent on different factors compared to equity.TICAP - Education 7.85 5.08 9.29 8.28 Hence, the resilience of debt funds should be seen in the light of the debt market cyclesCrisil MIP Blended Index * 6.09 5.85 11.52 11.06CRISIL 10 Year Gilt Index 1.80 4.19 14.56 12.63 and it is not comparable with the equity market cycles.* Benchmark Index has been adjusted for the 10% S&P CNX Nifty + 90% Crisil Composite Bond Fund Index forthe period March 28, 2002 to September 9, 2005. The resilience of closed end funds is not given due to the limited period of their existence.