{
    "fund_name": "Franklin FTSE India UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Franklin FTSE India UCITS ETF is classified as non-complex under MiFID II based on the following analysis: 1. Physical Replication: The fund uses full physical replication to track the FTSE India 30/18 Capped Index, as confirmed in the factsheet ('Product Structure: Physical'). 2. No Derivative Usage: The KIID and factsheet do not mention any use of derivatives, swaps, or synthetic replication methods. 3. No Leverage or Inverse Exposure: The fund does not employ leverage or inverse strategies, as evidenced by the absence of terms like 'leveraged,' 'inverse,' or 'gearing' in the documents. 4. Simple Structure: The fund invests in large and mid-cap Indian equities, a straightforward strategy with no complex underlying assets or structured features. 5. Risk Profile: The risk factors disclosed (e.g., concentration risk, emerging markets risk) are typical for equity ETFs and do not indicate complexity. 6. UCITS Compliance: The fund is UCITS-compliant, which inherently limits complexity. The absence of derivatives, leverage, or synthetic replication, combined with the transparent, physically replicated structure, supports the non-complex classification.",
    "confidence": 95
}