FRANKLIN INDIA GROWTH FUND CLASS R6 (FIGEX) Exchange: NMFQS

DELISTED - Under normal market conditions, the Fund invests at least 80% of its net assets in securities of "Indian companies." The Fund invests primarily in the equity securities of Indian companies, which are those that:are organized under the laws of, or with a principal office in, or for which the principal trading market for their securities is, India; orderive 50% or more of their total revenue or profit from either goods or services produced or sales made in India; orhave 50% or more of their assets in India.The Fund may invest in companies of any size, and may invest a significant portion of its assets in securities of smaller companies. The Fund invests primarily in common stocks. Although the Fund generally seeks investments across a number of sectors, from time to time, based on economic conditions, the Fund may have significant positions in particular sectors. The Fund currently intends to invest primarily in the securities of Indian companies by investing in shares of a wholly-owned, collective investment vehicle (the "Portfolio"), registered with and regulated by the Mauritius Financial Services Commission. The Portfolio historically sought to maintain residency in Mauritius to avail itself of a beneficial tax treaty between Mauritius and India. The treaty has since been amended and may no longer provide beneficial tax treatment for the Fund. See “Investments through Mauritius” in the Fund’s prospectus for more information.Unless the context otherwise requires, descriptions in this prospectus of securities and transactions, and their associated risks, refer to Fund investments made directly or indirectly through the Portfolio.In addition to the Fund's main investments, the Fund may invest up to 20% of its net assets in securities that do not qualify as Indian company securities. When consistent with the Fund's investment goal, up to 20% of the Fund's net assets may be invested in debt obligations, including debt obligations of Indian companies, which may be lower-rated or unrated.The investment manager is a research driven, fundamental investor, pursuing a growth strategy for the Fund. As a "bottom-up" investor focusing primarily on individual securities, the investment manager looks for companies whose current market price does not, in the investment manager's opinion, reflect the company's future growth prospects. The investment manager chooses companies that have identifiable drivers of future earnings growth and present, in the investment manager's opinion, the best trade-off between that potential earnings growth, business and financial risk, and valuation.