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Franklin India Taxshield - ELSS Fund

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Annualised Returns As of 31/03/2018
23.27%
Minimum Investment/Multiples for Fresh Purchase (INR)

500/500

Additional Investment/Multiples thereof (INR)

500/500

Over 350,000 Unique Investors (As of 31/03/2018)
Why should you invest in this fund?
  • This fund falls in the category of “Equity Linked Savings Scheme” (ELSS)
  • It offers investors a tax deduction 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 maintaining 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 @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.

Top 10 companies and sectors where the fund has invested as on 30/04/2018 are given below*:
  • Kotak Mahindra Bank Ltd. (Banks)
  • Axis Bank Ltd. (Banks)
  • Hindalco Industries Ltd. (Materials)
  • Yes Bank Ltd. (Banks)
  • Infosys Ltd. (Software & Services)
  • HDFC Bank Ltd. (Banks)
  • Mahindra & Mahindra Ltd. (Automobiles & Components)
  • Grasim Industries Ltd. (Materials)
  • Power Grid Corp. of India Ltd. (Utilities)
  • 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 18/05/2018
  • Growth 554.35
  • Dividend 43.88
  • Direct-Growth 580.62
  • Direct-Dividend 46.51
  • Additional Fund Information as on 30/04/2018
  • Fund Size in INR (CR) 3649.1
  • Portfolio Turnover 16.72%
  • Standard Deviation 3.57%
  • Beta 0.84
  • Sharpe Ratio ** 0.40
  • RSquared Ratio 0.90
  • Risk-free Rate 6.00%
  • Expense Ratio [#] 2.12
  • Expense Ratio (Direct) [#] 1.33
  • 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.

** Annualized risk free rate assumed to be FIBL Overnight MIBOR

[#] The rates specified are the actual average charged for the month of April 2018. The above ratio includes GST on Investment management fees. The above expense also includes proportionate charge in respect sales of beyond T-15 cities subject to maximum of 30 bps on daily net assets wherever applicable.