Thu Oct 24 13:07:45 UTC 2024: **Summary of the News Article:**
– **Nomination for Bypoll**: Priyanka Gandhi Vadra, Congress general secretary, has filed her nomination for the Lok Sabha bypoll in Wayanad, Kerala.
– **Asset Disclosure**: In her nomination affidavit, she reported personal assets exceeding Rs 12 crore.
– **Investment Details**: Priyanka has invested solely in the Franklin India Flexi Cap Fund, holding 13,200 units as of September 30, 2024. This fund is managed by Franklin Templeton Mutual Fund and has been operational since January 1, 2013.
– **Fund Performance**: The Franklin India Flexi Cap Fund has assets under management worth Rs 18,252 crores and an expense ratio of 0.92%. Over the past year, it delivered returns of 40.79%, with an average annual return of 17.99% since inception, effectively doubling investments roughly every four years.
– **Investment Strategy**: The fund primarily invests in sectors like Financial, Technology, Energy, Services, and Communication, with major holdings in HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, and Larsen & Toubro.
– **Flexi Cap Fund Characteristics**: Flexi cap funds must invest at least 65% of their assets in equities. Established in 2020, they are designed to be less volatile and aggressive compared to multi-cap funds.
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