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Fincash » Franklin Asian Equity Fund Vs DSP BlackRock US Flexible Equity Fund

Franklin Asian Equity Fund Vs DSP BlackRock US Flexible Equity Fund

Updated on November 18, 2019 , 63 views

Franklin Asian Equity Fund Vs DSP BlackRock US Flexible Equity Fund is a comparison between two same fund category. The idea here is to compare two good performing schemes within the same category so that the investors find a way for a better investment decision. In this case, both the funds belong to the global category of Equity Funds. global fund are a type of Mutual Funds that invest across countries, including the U.S. These funds primarily invest in companies, which are spread across the world. The aim of the funds is to diversify holdings in different parts of the world. So let's see the difference between Franklin Asian Equity Fund and DSP BlackRock US Flexible Equity Fund in regards to certain important parameters like AUM, NAV, past performance, minimum SIP/lump sum investment, etc.

Franklin Asian Equity Fund

Franklin Asian Equity Fund was launched in the year 2008. The fund is an open-end diversified equity fund that aims to provide medium to long term appreciation by primarily Investing in Asian Companies/sectors (excluding Japan) with long term potential across market capitalisation.

Some of the top holdings of the funds as on 30th June 2018 are Alibaba Group Holding Ltd ADR, Tencent Holdings Ltd, Samsung Electronics Co Ltd, Ctrip.com International Ltd ADR, Taiwan Semiconductor Manufacturing Co Ltd, etc.

DSP BlackRock US Flexible Equity Fund

DSP BlackRock US Flexible Equity Fund was launched in the year 2012. The fund aims to seek capital appreciation by investing in units of BGF – USFEF. The scheme may, at the discretion of the investment manager also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. To attain liquidity requirement, the scheme may invest a portion in money market securities/liquid schemes of DSP BlackRock Mutual Fund.

The three top holdings of the scheme (as on 30th June'18) include BGF US Flexible Equity I2 USD, Cblo / Reverse Repo Investments and Net Receivables/Payables.

Franklin Asian Equity Fund Vs DSP BlackRock US Flexible Equity Fund

Both Franklin Asian Equity Fund and DSP BlackRock US Flexible Equity Fund differ on account of various parameters such as performance, NAV, AUM, and so on. These differences exist though both the schemes are a part of the same category. So, let’s understand the differences between these schemes with the help of four sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

Fincash Rating, scheme category, AUM, current NAV, etc., are some of the parameters that form part of this basics section. To begin with the scheme category, it can be said that both the schemes belong to the same category of global-equity fund.

With respect to Fincash Rating, it can be said that both the scheme are rated as 5-star.

The summary comparison of the basics section is tabulated as follows.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
Franklin Asian Equity Fund
Growth
Fund Details
₹23.5264 ↓ -0.12   (-0.49 %)
₹126 on 31 Oct 19
16 Jan 08
Equity
Global
1
High
2.85
0.86
-0.38
7.46
Not Available
0-3 Years (1%),3 Years and above(NIL)
DSP BlackRock US Flexible Equity Fund
Growth
Fund Details
₹27.3287 ↑ 0.09   (0.32 %)
₹245 on 31 Oct 19
3 Aug 12
Equity
Global
3
High
1.97
0.02
-0.67
-6.63
Not Available
0-12 Months (1%),12 Months and above(NIL)

Performance Section

It is the second section in the comparison that analyses the difference in the Compounded Annual Growth Rate or CAGR returns between the scheme. These CAGR returns are compared at different time intervals such as 3 Month Return, 3 Year Return, 5 Year Return, and Return since Inception. The comparison of the performance section shows that in most instance DSP BlackRock US Flexible Equity Fund has performed better than Franklin Asian Equity Fund. The table given below shows the summary comparison of the performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Franklin Asian Equity Fund
Growth
Fund Details
4.7%
8.6%
11.8%
18.8%
12.6%
8.4%
7.5%
DSP BlackRock US Flexible Equity Fund
Growth
Fund Details
5%
9%
11.3%
10.3%
13.6%
11%
14.8%

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Yearly Performance Section

The comparison of absolute returns generated by both the schemes for a particular year is done in the yearly performance section. With respect to absolute returns section, it can be said that in some instance DSP BlackRock US Flexible Equity Fund has performed better and in some cases Franklin Asian Equity Fund has performed better. The performance of the yearly performance section is as follows.

Parameters
Yearly Performance2018
2017
2016
2015
2014
Franklin Asian Equity Fund
Growth
Fund Details
-13.6%
35.5%
7.2%
-4.6%
9.2%
DSP BlackRock US Flexible Equity Fund
Growth
Fund Details
-1.1%
15.5%
9.8%
2.5%
13.1%

Other Details Section

It is the last section in the comparison that includes comparable elements such as minimum SIP investment and minimum lump sum investment. The minimum SIP of both the scheme is the same, i.e., INR 500. The minimum lump sum amount of DSP BlackRock US Flexible Equity Fund is INR 1,000 and of Franklin Asian Equity Fund is INR 5,000.

The table given below summarizes the comparison of the other details section.

DSP BlackRock US Flexible Equity Fund is managed jointly by Kedar Karnik, Laukik Bagwe and Jay Kothari.

Franklin Asian Equity Fund is jointly managed by Roshi Jain and Srikesh Nair.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Franklin Asian Equity Fund
Growth
Fund Details
₹500
₹5,000
Roshi Jain - 11.8 Yr.
DSP BlackRock US Flexible Equity Fund
Growth
Fund Details
₹500
₹1,000
Kedar Karnik - 2.87 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Franklin Asian Equity Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹9,772
31 Oct 16₹11,098
31 Oct 17₹13,753
31 Oct 18₹12,355
31 Oct 19₹14,431
Growth of 10,000 investment over the years.
DSP BlackRock US Flexible Equity Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹10,899
31 Oct 16₹10,996
31 Oct 17₹13,444
31 Oct 18₹16,057
31 Oct 19₹16,419

Detailed Portfolio Comparison

Asset Allocation
Franklin Asian Equity Fund
Growth
Fund Details
Asset ClassValue
Equity98.48%
Other1.52%
Equity Sector Allocation
SectorValue
Financial Services29.09%
Technology26.78%
Consumer Cyclical21.04%
Consumer Defensive8.91%
Basic Materials4.87%
Real Estate2.68%
Industrials2.26%
Energy1.52%
Health Care0.69%
Communication Services0.34%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Alibaba Group Holding Ltd ADR (Consumer Cyclical)
Equity, Since 30 Sep 14 | BABA
9%₹11 Cr9,063
Taiwan Semiconductor Manufacturing Co Ltd (Technology)
Equity, Since 31 Mar 09 | 2330
8%₹10 Cr146,714
Samsung Electronics Co Ltd (Technology)
Equity, Since 31 Mar 08 | 005930
8%₹10 Cr32,100
AIA Group Ltd (Financial Services)
Equity, Since 31 Mar 12 | 01299
7%₹9 Cr132,124
Tencent Holdings Ltd (Communication Services)
Equity, Since 31 Jul 14 | 00700
7%₹9 Cr31,700
Ping An Insurance (Group) Co. of China Ltd Class H (Financial Services)
Equity, Since 31 Dec 14 | 02318
5%₹7 Cr80,310
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | HDFCBANK
5%₹6 Cr49,254
New Oriental Education & Technology Group Inc ADR (Consumer Defensive)
Equity, Since 31 Dec 16 | EDU
3%₹3 Cr3,660
PT Bank Central Asia Tbk (Financial Services)
Equity, Since 30 Nov 12 | BBCA
2%₹3 Cr195,429
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 16 | 500251
2%₹3 Cr54,190
Asset Allocation
DSP BlackRock US Flexible Equity Fund
Growth
Fund Details
Asset ClassValue
Cash3.9%
Equity96.1%
Equity Sector Allocation
SectorValue
Technology28.03%
Health Care13.01%
Financial Services12.53%
Consumer Defensive11.15%
Consumer Cyclical10.54%
Communication Services7.4%
Energy5.05%
Industrials4.72%
Basic Materials2.16%
Utility1.49%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
BGF US Flexible Equity I2 USD
Investment Fund | -
96%₹228 Cr1,346,224
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
4%₹10 Cr
Net Receivables/Payables
Net Current Assets | -
0%₹0 Cr

Therefore, it can be said on the above-mentioned pointers that, there exist numerous differences between both the schemes. As a result, individuals should be careful while choosing any of the schemes for investment. They should have a complete understanding of the scheme and check whether it suits their investment objectives. If required, people can also consult a financial advisor for an opinion. This will help individuals to attain their objectives on time and in a hassle-free manner.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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