Annualised Returns As of 31/12/2022
21.18%
Minimum Investment/Multiples for Fresh Purchase (INR)
500/500
Additional Investment/Multiples thereof (INR)
500/500
Over 348,000 Unique Investors (As of 31/12/2022)
Fund Size in INR (CR) 5,096.03 (As of 31/12/2022)
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
*Investors should consult their financial distributors if in doubt about whether the product is suitable for them.
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
- 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 31/10/2020 are given below*:
- Infosys Ltd. (Software & Services)
- HDFC Bank Ltd. (Banks)
- Power Grid Corp. of India Ltd. (Utilities)
- Tata Power Co. Ltd. (Utilities)
- Petronet LNG Ltd. (Energy)
- Axis Bank Ltd. (Banks)
- ICICI Bank Ltd. (Banks)
- Bharti Airtel Ltd. (Telecommunication Services)
- Mahindra & Mahindra Ltd. (Automobiles & Components)
- Dr Reddy's Laboratories Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)
What is the “Ideal Investment Horizon” while investing in this fund?
The recommended investment horizon is “5 years or more”
Alternative To
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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.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.