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The fund is an open-ended fund of funds scheme investing overseas that seeks to provide capital appreciation by investing predominantly in units of Franklin US opportunities fund, an overseas Franklin Templeton mutual fund, which primarily invests in securities in the US. The fund focuses on growth, quality and valuation, with strong emphasis on flexibility by combining bottom-up stock selection and top-down industry themes.

Fund managers aims to identify and invest in high quality companies with long term revenue growth, superior profitability and sustainable and meaningful competitive advantages, that may benefit from favourable secular trends.
Franklin US Opportunities Fund has a track record of more than a decade and it has beaten the scheme benchmark over three and five year timeframe in both US dollar and rupee returns.

At a time when the US equities are enjoying valuations below their historical averages and US economy is expected to recover, investing in USA means buying growth at reasonable price. US companies have global reach and 46.3% of total revenues of companies in S&P 500 index, though headquartered in the US, came from countries other than the US in CY2010. In other words, buying into such globally competitive companies can offer investors an opportunity to buy into global economic recovery too. The investors get to benefit from global economic growth and at the same time get to diversify across globe.