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Franklin India Taxshield - ELSS Fund

'Hi, I came across this interesting fund from Franklin Templeton. Check it out!'
Annualised Returns As of 30/09/2021
21.86%
Minimum Investment/Multiples for Fresh Purchase (INR)

500/500

Additional Investment/Multiples thereof (INR)

500/500

Over 348,000 Unique Investors (As of 30/09/2021)
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
  • 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.

^ 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.

Top 10 companies and sectors where the fund has invested as on 30/09/2021 are given below*:
  • Infosys Ltd. (Software & Services)
  • HDFC Bank Ltd. (Banks)
  • Tata Power Co. Ltd. (Utilities)
  • Larsen & Toubro Ltd. (Capital Goods)
  • Grasim Industries Ltd. (Materials)
  • Axis Bank Ltd. (Banks)
  • ICICI Bank Ltd. (Banks)
  • Power Grid Corp. of India Ltd. (Utilities)
  • Bharti Airtel Ltd. (Telecommunication Services)
  • United Breweries Ltd. (Food, Beverage & Tobacco)
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

Fund Information

  • Inception 10/04/1999
  • Entry Load Nil
  • Exit Load Nil
  • NAV in INR as on 26/10/2021
  • Growth 907.2656
  • IDCW 55.5564
  • Direct-Growth 981.2082
  • Direct-IDCW 62.0631
  • Additional Fund Information as on 30/09/2021
  • Fund Size in INR (CR) 5020.57
  • Portfolio Turnover 17.15%
  • Expense Ratio [#] 1.89
  • Expense Ratio (Direct) [#] 1.03
  • Benchmark(s) Nifty 500INST2::Nifty 50
  • Fund Manager 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
”Very High

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

Riskometer of Benchmark: NIFTY 500

Very High

[##]IDCW - Income Distribution cum Capital Withdrawal

* 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.