Please wait...
Please wait...

Franklin India Pension Plan

'Hi, I came across this interesting fund from Franklin Templeton. Check it out!'
Annualised Returns As of 31/07/2019
Minimum Investment/Multiples for Fresh Purchase (INR)


Additional Investment/Multiples thereof (INR)


Over 20,000 Unique Investors (As of 30/06/2019)
Why should you invest in Franklin India Pension Plan?
  • This fund is a Government notified pension plan offering tax benefits under section 80C upto an investment of Rs.1.5 lakh (subject to a lock-in period of 5 years or till retirement age, whichever is earlier) with a target amount of Rs.10,000/- or above by the time the investor reaches the age of 60 years.
  • The fund can invest upto 40% in equities and the balance in fixed income with an aim to help investors build a retirement corpus and earn a steady income post retirement using convenient withdrawal options.
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
  • Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @29.12% ( 25% + 12% surcharge + 4% Health & education cess) for Individuals and @ 34.944% ( 30% + 12% surcharge + 4% Health & education cess) for any other person.^^
  • 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.

^^ The DDT is to be paid by the mutual fund after grossing-up income distributed to the investor.

What is the “Ideal Investment Horizon” while investing in this fund?

The recommended investment horizon is “5 years or more”

Alternative To
  • Retirement Plans

Suitable For
  • Retirement Corpus

Fund Video

Franklin India Pension Plan is a hybrid fund. It is a retirement fund investing up to 40% in equities and the balance in fixed income. It is a government notified pension plan offering tax benefits and is suitable for retirement planning. The ideal investment horizon is 5 years or more. To know more about Franklin India Pension Plan, watch the video below.

Fund Information

  • Inception 31/03/1997
  • Entry Load Nil
  • Exit Load 3% if redeemed before the age of 58 years (subject to lock-in period) and target amount. Nil, if redeemed after the age of 58 years
  • NAV in INR as on 17/09/2019
  • Growth 127.1052
  • Dividend 17.1008
  • Direct-Growth 133.1870
  • Direct-Dividend 18.0723
  • Additional Fund Information as on 31/08/2019
  • Fund Size in INR (CR) 435.87
  • Weighted Average Maturity 3.07 Years
  • Modified Duration [3] 2.30 Years
  • Yield to Maturity [2] 8.89%
  • Expense Ratio [#] 2.27
  • Expense Ratio (Direct) [#] 1.58
  • Benchmark(s) Crisil 10 Year Gilt Index
    40% S&P CNX 500 + 60% Crisil Composite Bond Fund Index
  • Fund Manager Sachin Shankar Padwal Desai, Umesh Sharma, Lakshmikanth Reddy & Krishna Prasad Natarajan
Product Label
This product is suitable for Investors who are seeking*:
  • Long term capital appreciation
  • A retirement fund investing upto 40% in equities and balance in fixed income instruments

*Investors should consult their financial distributors if in doubt about whether the product is suitable for them.

All investments in debt funds are subject to various types of risks including credit risk, interest rate risk, liquidity risk etc. Some fixed income schemes may have a higher concentration to securities rated below AA and therefore may be exposed to relatively higher risk of downgrade or default and the associated volatility in prices which could impact NAV of the scheme. Credit rating issued by SEBI registered entities is an opinion of the rating agency and should not be considered as an assurance of repayment by issuer. There is no assurance or guarantee of principal or returns in any of the mutual fund scheme.

[#] 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.

[2] Pre fund expenses.

[3] Modified duration of floating rate securities is calculated based on the next reset date.