Franklin India Dynamic Asset Allocation Fund Of Funds (Renamed from Franklin India Dynamic PE Ratio Fund Of Funds)##
Annualised Returns As of 31/12/2020
Minimum Investment/Multiples for Fresh Purchase (INR)
5000/1
Additional Investment/Multiples thereof (INR)
1000/1
Over 23,000 Unique Investors (As of 31/12/2020)
Why should you invest in Franklin India Dynamic Asset Allocation Fund Of Funds (Renamed from Franklin India Dynamic PE Ratio Fund Of Funds)?
The fundamental attributes of Franklin India Dynamic PE Ratio Fund Of Funds have been changed and the scheme has been renamed as Franklin India Dynamic Asset Allocation Fund Of Funds with effect from October 21, 2019. Please click here to read the detailed addendum.
- A fund of funds scheme which invests in a dynamically balanced portfolio of equity and debt funds of Franklin Templeton Mutual Fund (FTMF)
- Provides exposure to both equity and debt asset classes
- Equity component is invested in Franklin India Equity Fund (Primary Fund) or Franklin India Bluechip Fund (Secondary Fund)
- Debt component is invested in Franklin India Short Term Income Plan (Primary Fund) or Franklin India Low Duration Fund (Secondary Fund)
- Has a unique in-built “buy-sell” discipline basis market valuations which gives less room for subjectivity
- Has a predefined monthly rebalancing mechanism based on “Price-to-Earnings (PE)” and “Price-to-Book (PB)” level of the Nifty 500 Index
- Reduces equity exposure and increases debt exposure when the NSE 500 is overvalued and vice versa, basis weighted average PE and PB ratio of the index
- Suitable for those who are not only keen to take advantage of the growth opportunities in equities but also prefer to reduce the impact of market volatility
What are the “Tax Benefits” of investing in this fund?**
- Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months
- Short term capital gains (STCG) tax at the income tax slab rate if units are held for less than 36 months
- Dividends shall be taxable in the hands of investors and the mutual fund will deduct TDS @ 7.5%^ for resident investors and @20% (plus applicable surcharge and cess) for non-resident investors before payouts/re-investment. However, investors can claim tax-credit of TDS deducted at the time of filing their annual return.
- In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.
^ In accordance with the Central Board of Direct Taxes press release dated May 13, 2020, the mutual fund shall deduct TDS at the rate of 7.50% for resident investor w.e.f. May 14, 2020 till March 31, 2021 (earlier 10% from April 1, 2020 to May 13, 2020).
Top 10 companies and sectors where the fund has invested as on 31/12/2020 are given below*:
- Franklin India Equity Fund, Class G (Diversified Financials)
- Franklin India Short Term Income Plan - Seg Port 3, Class G (Diversified Financials)
- Franklin India Short Term Income Plan, Class G, (Diversified Financials)
- Franklin India Short Term Income Plan - SegregatedPortfolio 2, Class G (Diversified Financials)
What is the “Ideal Investment Horizon” while investing in this fund?
The recommended investment horizon is “5 years or more”
Alternative To
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Multi Asset Investments
Suitable For
-
Retirement Corpus
-
Child’s Marriage
-
Long Term Wealth Creation
Fund Video
Franklin India Dynamic Asset Allocation Fund of Funds is a hybrid fund. It is a fund of funds that offers tactical allocation between equity and debt funds, based on market valuations. You can consider investing in this fund if you are keen on taking an advantage of the growth opportunities in equities but prefer to reduce the risks of the market. The ideal investment horizon is 5 years or more. To know more about Franklin India Dynamic Asset Allocation Fund of Funds, watch the video below.
Fund Information
- Inception 31/10/2003
- Entry Load Nil
- Exit Load Partial exit load waiver introduced (details as per addendum)
- NAV in INR as on 14/01/2021
- Growth 82.8023
- Dividend 31.5733
- Direct-Growth 89.6733
- Direct-Dividend 35.2899
- Additional Fund Information as on 31/12/2020
- Fund Size in INR (CR) 777.56
- Expense Ratio [#] 1.62
- Expense Ratio (Direct) [#] 0.53
- Benchmark(s) CRISIL Hybrid 35+65 - Aggressive IndexINST2::S&P BSE Sensex
- Fund Manager Paul S Parampreet
Product Label
This product is suitable for Investors who are seeking*:
- Long Term Capital appreciation
- A hybrid fund of funds investing in equity and debt mutual funds
*Investors should consult their financial distributors if in doubt about whether the product is suitable for them.
* All portfolio holdings are subject to change. The information stated above does not constitute an investment advice or recommendation to subscribe or transact in these securities.
[#] The rates specified are the actual expenses charged as at the end of the month. The above ratio includes the GST on Investment management fees. The above expense also includes proportionate charge in respect sales of beyond T-30 cities subject to maximum of 30 bps on daily net assets wherever applicable.
The asset allocation /schemes mentioned are as per Scheme Information Document or SID and are one in which this scheme will invest.
** The information given here is neither a complete disclosure of every material fact of Income-tax Act 1961 nor does it constitute tax or legal advice. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
## effective October 21, 2019
Investors may note that they will be bearing the recurring expenses of this Scheme in addition to the expenses of the underlying Schemes in which this Scheme makes investment.