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Franklin India Index Fund - NSE Nifty Plan

'Hi, I came across this interesting fund from Franklin Templeton. Check it out!'
Annualised Returns As of 31/08/2020
11.56%
Minimum Investment/Multiples for Fresh Purchase (INR)

5000/1

Additional Investment/Multiples thereof (INR)

1000/1

Over 9,000 Unique Investors (As of 30/09/2020)
Why should you invest in Franklin India Index Fund - NSE Nifty Plan?
  • This fund invests in the same companies and in the same weightages that currently make up the NIFTY 50 Index
  • The companies that constitute the NIFTY 50 Index are
    • Large and established businesses
    • Have a long track record
    • Enjoy leadership in their respective industries
  • The fund aims to deliver returns, before expenses, that closely correspond to the total returns of the index tracked
  • This fund could be an ideal investment option for first time equity investors who would like to benefit from the growth opportunities of investing in equities through a diversified portfolio
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 30/09/2020 are given below*:
  • Reliance Industries Ltd. (Energy)
  • Infosys Ltd. (Software & Services)
  • Tata Consultancy Services Ltd. (Software & Services)
  • Kotak Mahindra Bank Ltd. (Banks)
  • ITC Ltd. (Food, Beverage & Tobacco)
  • HDFC Bank Ltd. (Banks)
  • Housing Development Finance Corp. Ltd. (Banks)
  • ICICI Bank Ltd. (Banks)
  • Hindustan Unilever Ltd. (Household & Personal Products)
  • Larsen & Toubro Ltd. (Capital Goods)
What is the “Ideal Investment Horizon” while investing in this fund?

The recommended investment horizon is “5 years or more”

Alternative To
  • Investments in Nifty Index Companies

Suitable For
  • Retirement Corpus

  • Long Term Wealth Creation

  • Education Corpus

Fund Video

Franklin India Index Fund- NSE Nifty Plan is an equity fund that invests in companies that make up the NIFTY 50 Index. This fund deliver returns before expenses. This fund is suitable if you are looking for long term wealth creation. You should consider investing in this fund if your investment horizon is 5 years or more. To know more about Franklin India Index Fund- NSE Nifty Plan, watch the video below.

Fund Information

  • Inception 04/08/2000
  • Entry Load Nil
  • Exit Load 0.25% (if the Units are redeemed/switchedout within 7 days of allotment)
  • NAV in INR as on 21/10/2020
  • Direct-Growth 97.2880
  • Direct-Dividend 97.2880
  • NSE-Growth 94.3256
  • NSE-Dividend 94.3256
  • Additional Fund Information as on 31/08/2020
  • Fund Size in INR (CR) 332.36
  • Expense Ratio [#] 0.67
  • Expense Ratio (Direct) [#] 0.26
  • Benchmark(s) Nifty 50
  • Fund Manager Varun Sharma & Pyari Menon
Product Label
This product is suitable for Investors who are seeking*:
  • Long term capital appreciation
  • A passively managed index fund
”Moderately

*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 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.