Please wait...
Please wait...

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 31/10/2021
Minimum Investment/Multiples for Fresh Purchase (INR)

Retail Plan: 10000/1

Additional Investment/Multiples thereof (INR)

Retail Plan: 1000/1

Over 17,000 Unique Investors (As of 30/09/2021)
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
  • Income distribution cum capital withdrawal (IDCW) shall be taxable in the hands of investors and the mutual fund will deduct TDS @10% 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.
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 26/11/2021
  • Daily - IDCW 10.1051
  • Direct-Growth 40.9482
  • Direct-Daily - IDCW 10.1153
  • Direct-Monthly - IDCW 10.4930
  • Direct-Quarterly - IDCW 10.8090
  • Retail-Growth 39.8592
  • Retail-Monthly - IDCW 10.1278
  • Retail-Quarterly - IDCW 10.3924
  • Additional Fund Information as on 31/10/2021
  • Fund Size in INR (CR) 996.25
  • Weighted Average Maturity 0.24 Years
  • Modified Duration [3] 0.23 Years
  • Yield to Maturity [2] 3.82%
  • Expense Ratio [#] 0.29
  • Expense Ratio (Direct) [#] 0.13
  • Benchmark(s) NIFTY Money Market IndexINST2::Crisil 1 Year T-Bill Index
  • Fund Manager Pallab Roy & Umesh Sharma
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
Low to Moderate

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

Riskometer of Benchmark: NIFTY Money Market Index

Moderately High

[##]IDCW - Income Distribution cum Capital Withdrawal

## Effective June 4, 2018.

[#] 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.

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 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.