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Franklin India Savings Fund (erstwhile Franklin India Savings Plus Fund)##

'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)

Retail Plan: 10000/1

Additional Investment/Multiples thereof (INR)

Retail Plan: 1000/1

Over 8,000 Unique Investors (As of 30/09/2019)
Why should you invest in Franklin India Savings Fund (erstwhile Franklin India Savings Plus Fund)?
  • The fund seeks to manage interest rate risk by keeping maturity at the shorter end
  • The fund aims to invest in in Money Market instruments.
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 “1 month or more”

Alternative To
  • Short Term Savings Instruments

Suitable For
  • Regular Income

  • Parking of short term funds

Fund Video

Savings fund can be a suitable replacement to short term savings instrument. If you are looking for a money market fund to invest in for a tenure of a month or more, Franklin India Savings Fund can be the right choice for you. Earlier known as Franklin India Savings Plus fund, it invests in money market instruments with high liquidity and low to moderate credit risk. Watch the below video to know more about this savings fund.

Fund Information

  • Inception 11/02/2002
  • Entry Load Nil
  • Exit Load Nil (w.e.f. April 25, 2016)
  • NAV in INR as on 11/10/2019
  • Daily Dividend 10.0663
  • Direct-Growth 36.7837
  • Direct-Daily Dividend 10.0719
  • Direct-Monthly Dividend 10.5712
  • Direct-Quarterly Dividend 11.2673
  • Institutional-Dividend 10.3811
  • Retail-Growth 35.9259
  • Retail-Dividend 10.9262
  • Retail-Monthly Dividend 10.2741
  • Additional Fund Information as on 31/08/2019
  • Fund Size in INR (CR) 2899.17
  • Weighted Average Maturity 0.62 Years
  • Modified Duration [3] 0.58 Years
  • Yield to Maturity [2] 6.40%
  • Benchmark(s) Crisil Liquid Fund Index
    Crisil 1 Year T-Bill Index
  • Fund Manager Pallab Roy & Sachin Shankar Padwal Desai
Product Label
This product is suitable for Investors who are seeking*:
  • Regular income for short term
  • A money market fund that invests in money market instruments
Moderately Low

*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.

## Effective June 4, 2018.

[2] Pre fund expenses.

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