TEMPLETON INDIA GROWTH FUND:
Launched in September 1996, Templeton india Growth Fund-TIGF is India's first equity fund that has a value style of investing. It seeks out under-valued securities with the most promising potential for the long term unearthed through in depth research and fundamental analysis without overreacting to news and noise. It invests predominantly in large cap stocks.
The fund has consistently delivered strong long term performance across market cycles. TIGF follows a buy-hold strategy. It essentially invests for the long term and our average holding period of stocks is in the range of 3-5 years. As a result the scheme has a low portfolio turnover ratio. We have typically held around 30 stocks in the portfolio with the aim that one should be invested in the best bargains available.
INVESTMENT STRATEGY:
The investment team assumes a disciplined, yet flexible long term approach to value oriented investing which looks beyond short term news, noise and emotion. This time tested investment philosophy is built upon three tenets that we believe are critical to successful long term investing.
Value: Templeton focuses its research efforts on identifying stocks trading at a discount to their intrinsic long term value. We seek to determine the underlying value of a business and estimate what that company's asset can generate in earnings and cash flows. As long term valuation driven investors, we focus on normalized earnings to seek out compelling opportunities in emerging markets around the globe. the fund had a PE of 11.6 compared to BSE sensex's and MSCI india value's 17.4 as of March 31, 2011.
Patience: Templeton's long term focus allows us to avoid short term trends and identify the fundamental value of a stock. Using our thorough in depth research, we determine what a company is worth and patiently wait for the opportunity to purchase it at bargain levels. The dept of our research also gives us the conviction to wait for the market to reflect the fair value of a stock once it is added to our portfolios. The fund has a low turnover ratio(last 5 years the monthly data ranged between 6-43%) due to its focus on long term fundamentals.
Bottom-Up: We conduct comprehensive, rigorous fundamental analysis to assess a company's long term prospects and catalysts for value recognition. Templeton's commitment to original research drives our investment process.
The fund has consistently delivered strong long term performance across market cycles. TIGF follows a buy-hold strategy. It essentially invests for the long term and our average holding period of stocks is in the range of 3-5 years. As a result the scheme has a low portfolio turnover ratio. We have typically held around 30 stocks in the portfolio with the aim that one should be invested in the best bargains available.
INVESTMENT STRATEGY:
The investment team assumes a disciplined, yet flexible long term approach to value oriented investing which looks beyond short term news, noise and emotion. This time tested investment philosophy is built upon three tenets that we believe are critical to successful long term investing.
Value: Templeton focuses its research efforts on identifying stocks trading at a discount to their intrinsic long term value. We seek to determine the underlying value of a business and estimate what that company's asset can generate in earnings and cash flows. As long term valuation driven investors, we focus on normalized earnings to seek out compelling opportunities in emerging markets around the globe. the fund had a PE of 11.6 compared to BSE sensex's and MSCI india value's 17.4 as of March 31, 2011.
Patience: Templeton's long term focus allows us to avoid short term trends and identify the fundamental value of a stock. Using our thorough in depth research, we determine what a company is worth and patiently wait for the opportunity to purchase it at bargain levels. The dept of our research also gives us the conviction to wait for the market to reflect the fair value of a stock once it is added to our portfolios. The fund has a low turnover ratio(last 5 years the monthly data ranged between 6-43%) due to its focus on long term fundamentals.
Bottom-Up: We conduct comprehensive, rigorous fundamental analysis to assess a company's long term prospects and catalysts for value recognition. Templeton's commitment to original research drives our investment process.
Templton's track record has been good, and thanks for putting this information.
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