Prajna Capital - An Investment Guide

Franklin Templeton Mutual Fund has fallen well short of most investors' expectations, but it would be premature to write it off now.All through the bull run they cast their lot with companies boasting of sound balance sheets and free cash flows. By and large, being a conservative fund house, they steered clear of capital goods manufacturers and real estate companies and stuck to strong fundamentals. Naturally, they were penalised for it in terms of returns as the market's attention was elsewhere. When one looks at the current market decline, their relative performance certainly does impress when compared to its peers. Its star performers, Franklin India Bluechip and Franklin India Prima Plus, also amongst India's oldest private sector funds, have managed to stay strong in the recent market debacle. Though, by their very own admission, they do have some work to do on the mid-cap fund - Franklin India Prima. The early years of Templeton were not impressive. The acquisition of...