Franklin India Equity Advantage Fund (erstwhile Franklin India Flexi Cap Fund)##
Annualised Returns As of 31/10/2020
Minimum Investment/Multiples for Fresh Purchase (INR)
5000/1
Additional Investment/Multiples thereof (INR)
1000/1
Over 150,000 Unique Investors (As of 30/09/2020)
Why should you invest in Franklin India Equity Advantage Fund (erstwhile Franklin India Flexi Cap Fund)?
- The fund invests minimum 35% in large-cap and minimum 35% in mid-cap companies.
- The remaining 30% allocation can be across large, mid and small cap companies and debt and money market instruments, depending upon the fund managers’ view on which type of companies have relatively better growth potential
- The fund has consistently declared a dividend every year for the last 13 years
What are the “Tax Benefits” of investing in this fund?**
- Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months^
- Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 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.
^ Capital gain accrued up to January 31, 2018 is exempt form LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018.
^^ 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 31/10/2020 are given below*:
- Infosys Ltd. (Software & Services)
- HDFC Bank Ltd. (Banks)
- Tata Power Co. Ltd. (Utilities)
- Bharti Airtel Ltd. (Telecommunication Services)
- Cadila Healthcare Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)
- Axis Bank Ltd. (Banks)
- ICICI Bank Ltd. (Banks)
- Apollo Hospitals Enterprise Ltd. (Health Care Equipment & Services)
- Cholamandalam Financial Holdings Ltd. (Diversified Financials)
- Bharat Electronics Ltd. (Capital Goods)
What is the “Ideal Investment Horizon” while investing in this fund?
5 years and above
Alternative To
-
Investments in Predominantly Large and Mid-Cap Companies
Suitable For
-
Retirement Corpus
-
Long Term Wealth Creation
-
Education Corpus
Fund Video
Striking the right kind of balance between large and mid-cap fund is one of the factors that determines the success of equity funds. Franklin India Equity Advantage Fund provides you a diversified equity portfolio investing predominantly in large and mid-cap stocks. If you have an investment horizon of 5 years or more, this equity fund might be the right choice for you. To know all about Franklin India Equity Advantage Fund (earlier known as Franklin India Flexi Cap Fund), watch the below video.
Fund Information
- Inception 02/03/2005
- Entry Load Nil
- Exit Load In respect of each purchase of units - 1% if the units are redeemed/switched-out within one year of allotment
- NAV in INR as on 27/11/2020
- Growth 84.1076
- Dividend 14.7443
- Direct-Growth 89.2893
- Direct-Dividend 16.0437
- Additional Fund Information as on 31/10/2020
- Fund Size in INR (CR) 2047.7
- Portfolio Turnover 35.20%
- Standard Deviation 6.93 %
- Beta 0.93
- Sharpe Ratio ** -0.25
- RSquared Ratio 0.88
- Risk-free Rate 3.48%
- Expense Ratio [#] 2.11
- Expense Ratio (Direct) [#] 1.27
- Benchmark(s) Nifty LargeMidcap 250 IndexINST2::Nifty 50
- Fund Manager Lakshmikanth Reddy, Pyari Menon & Janakiraman Rengaraju
Product Label
This product is suitable for Investors who are seeking*:
- Long term capital appreciation
- A fund that primarily invests in large and mid-cap stocks
*Investors should consult their financial distributors if in doubt about whether the product is suitable for them.
** 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 June 4, 2018.
* 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.