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Franklin India Technology Fund

'Hi, I came across this interesting fund from Franklin Templeton. Check it out!'
Annualised Returns As of 31/08/2020
18.33%
Minimum Investment/Multiples for Fresh Purchase (INR)

5000/1

Additional Investment/Multiples thereof (INR)

1000/1

Over 18,000 Unique Investors (As of 30/06/2020)
Why should you invest in Franklin India Technology Fund?
  • This Fund invests primarily in technology and technology related companies across market capitalization, in Indian as well as global markets.
  • The endeavor is to invest in companies that are expected to benefit from the development, advancement and use of technology.
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 31/08/2020 are given below*:
  • Infosys Ltd. (Software & Services)
  • Tata Consultancy Services Ltd. (Software & Services)
  • Bharti Airtel Ltd. (Telecommunication Services)
  • Tech Mahindra Ltd. (Software & Services)
  • Cyient Ltd. (Software & Services)
  • Franklin Technology Fund, Class J (Diversified Financials)
  • HCL Technologies Ltd. (Software & Services)
  • Info Edge India Ltd. (Media & Entertainment)
  • Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment)
  • Cognizant Technology Solutions Corp., A (Software & Services)
What is the “Ideal Investment Horizon” while investing in this fund?

The recommended investment horizon is “5 years or more”

Alternative To
  • Investments in Technology and technology related Companies

Suitable For
  • Long Term Wealth Creation

Fund Video

Franklin India Technology Fund is an equity fund that invests in stocks of technology related companies in the global market. 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 Technology Fund, watch the video below.

Fund Information

  • Inception 22/08/1998
  • Entry Load Nil
  • Exit Load 1% if redeemed/switched-out within 1 year of allotment
  • NAV in INR as on 21/09/2020
  • Growth 214.6493
  • Dividend 31.3217
  • Direct-Growth 225.2202
  • Direct-Dividend 33.1353
  • Additional Fund Information as on 31/08/2020
  • Fund Size in INR (CR) 329.31
  • Portfolio Turnover 24.29%
  • Expense Ratio [#] 2.44
  • Expense Ratio (Direct) [#] 1.57
  • Benchmark(s) S&P BSE Information TechnologyINST2::Nifty 50
  • Fund Manager Anand Radhakrishnan, Pyari Menon & Varun Sharma
Product Label
This product is suitable for investors who are seeking*:
  • Long term capital appreciation
  • A fund that invests in stocks of technology and technology related companies
High

*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.