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Franklin India Taxshield - ELSS Fund

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Annualised Returns As of 31/07/2018
23.20%
Minimum Investment/Multiples for Fresh Purchase (INR)

500/500

Additional Investment/Multiples thereof (INR)

500/500

Over 350,000 Unique Investors (As of 30/06/2018)
Why should you invest in Franklin India Taxshield?
  • This fund falls in the category of “Equity Linked Savings Scheme” (ELSS)
  • It offers investors a tax deduction (Individuals and HUF) for an investment of upto Rs 1.5 lac which is allowed under Sec 80 C of Income tax Act 1961 (subject to a lock in period of 3 years)
  • Franklin India Taxshield aims to provide long term capital appreciation by seeking to maintain a diversified portfolio of companies across different sizes and sectors
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
  • Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) ^^

^ Capital gain accrued up to January 31st 2018 is exempt form LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018.
^^ The DDT is to be paid by the mutual fund after grossing-up income distributed to the investor.

Top 10 companies and sectors where the fund has invested as on 30/06/2018 are given below*:
  • Kotak Mahindra Bank Ltd. (Banks)
  • Axis Bank Ltd. (Banks)
  • Hindalco Industries Ltd. (Materials)
  • Power Grid Corp. of India Ltd. (Utilities)
  • Infosys Ltd. (Software & Services)
  • HDFC Bank Ltd. (Banks)
  • Mahindra & Mahindra Ltd. (Automobiles & Components)
  • Grasim Industries Ltd. (Materials)
  • Yes Bank Ltd. (Banks)
  • Indian Oil Corp. Ltd. (Energy)
What is the “Ideal Investment Horizon” while investing in this fund?

The recommended investment horizon is “5 years or more”

Alternative To
  • Tax Saving Instruments

Suitable For
  • Long Term Wealth Creation

  • Tax Saving

Fund Video

Stop sticking to the age old tax saving investment options. AskWhatELSS. Discover the true power of ELSS funds with Franklin India Tax Shield Fund. The benefits of ELSS funds goes beyond just saving your tax; they also have the potential to give you high returns. Watch the video and find out all that you can gain if you just AskWhatELSS.

Fund Information

  • Inception 10/04/1999
  • Entry Load Nil
  • Exit Load Nil
  • NAV in INR as on 24/09/2018
  • Growth 549.31
  • Dividend 43.48
  • Direct-Growth 577.31
  • Direct-Dividend 46.24
  • Additional Fund Information as on 31/08/2018
  • Fund Size in INR (CR) 3914.46
  • Portfolio Turnover 16.72%
  • Expense Ratio [#] 2.01
  • Expense Ratio (Direct) [#] 1.13
  • Benchmark(s) Nifty 50
    Nifty 500
  • Fund Manager Lakshmikanth Reddy & Janakiraman Rengaraju
Product Label
This product is suitable for Investors who are seeking*:
  • Long term capital appreciation
  • An ELSS fund offering tax benefits under Section 80C of the Income Tax Act
”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.