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Franklin India Taxshield Fund - Direct Plan


1 Lakh

Investment declined to
₹ 0.85 Lakh

₹ 10000

Monthly SIP Declined to
₹ 2.78 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -28.66 -0.65 -0.60 -2.44 -29.12 -27.35 -26.73 -5.34 0.37 9.03 --
S&P BSE 500 TRI -24.52 -0.68 -1.19 -1.59 -25.17 -22.98 -21.54 -2.08 2.62 7.94 --
Equity: ELSS -22.47 -0.62 -1.13 -1.70 -24.60 -21.04 -18.62 -2.14 2.96 10.11 --
Rank within category 37 21 12 25 34 37 32 28 27 18 --
Number of funds in category 38 38 38 38 38 38 36 34 30 28 1

As on 22-May-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 10.43 (01-Apr-2020 - 09-Apr-2020) -19.10 (16-Mar-2020 - 23-Mar-2020)
Month 18.03 (24-Mar-2020 - 23-Apr-2020) -38.03 (20-Feb-2020 - 23-Mar-2020)
Quarter 22.02 (21-Feb-2014 - 23-May-2014) -37.43 (23-Dec-2019 - 23-Mar-2020)
Year 74.84 (29-Jan-2014 - 29-Jan-2015) -35.92 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -0.93 20.95 -0.31 -0.27 0.98 -3.90
S&P BSE 500 TRI 2.91 21.06 -0.12 -0.13 -- --
Equity: ELSS 2.22 20.70 -0.15 -0.16 0.95 -0.81
Rank within category 29 20 29 27 22 29
Number of funds in category 34 34 34 34 34 34

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Apr-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 51
Top 10 Stocks (%) 51.59
Top 5 Stocks (%) 35.88
Top 3 Sectors (%) 56.90
Portfolio P/B Ratio 1.50
Portfolio P/E Ratio 13.02

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 73,750 82,260
Giant (%) 47.75 50.80
Large (%) 25.22 16.48
Mid (%) 20.81 24.63
Small (%) 6.23 8.08
Tiny (%) -- 0.12

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down Axis Bank Financial 51.33 9.76 5.45 8.68
up Infosys Technology 17.77 8.47 2.46 8.47
down HDFC Bank Financial 16.88 9.91 7.00 8.42
down ICICI Bank Financial 19.71 5.68 0.00 5.32
equal Bharti Airtel Communication -- 5.00 1.75 5.00
equal Power Grid Corporation Energy 5.25 4.31 1.92 3.69
down Grasim Industries Construction 8.63 4.01 1.66 3.19
equal Petronet LNG Energy 12.39 3.17 1.43 3.17
equal NTPC Energy 4.64 3.06 1.82 3.06
equal United Breweries FMCG 53.10 2.88 1.26 2.61
equal Hindalco Inds. Metals 6.56 4.12 1.25 2.52
equal Tech Mahindra Technology 12.69 2.86 1.15 2.45
equal Mahindra & Mahindra Automobile 24.61 5.46 2.11 2.41
equal United Spirits FMCG 59.10 2.54 0.00 2.39
down Dr. Reddy's Lab Healthcare 31.94 3.95 1.27 2.23
equal Larsen & Toubro Construction 11.72 2.56 0.00 2.17
equal Kotak Mahindra Bank Financial 25.84 9.02 0.00 2.06
equal Gujarat State Petronet Energy 6.87 1.98 1.28 1.98
equal HPCL Energy 10.28 2.38 0.00 1.77
equal Indian Oil Corp. Energy 5.51 3.25 1.60 1.60
equal Indian Hotels Services 20.83 1.94 0.29 1.59
equal Tata Power Energy 8.97 1.93 0.00 1.58
equal Cholamandalam Financial Holdings Financial 4.91 1.82 0.00 1.27
equal Balkrishna Industries Automobile 21.81 1.76 0.74 1.20
equal State Bank of India Financial 11.46 3.96 0.91 1.18

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Apr-2020

Fund Manager

— Lakshmikanth Reddy since 02-May-2016

Education: Mr. Reddy is a B.Tech in Mechanical Engineering from Jawaharlal Nehru Technical University, Hyderabad and also holds a PGDM from IIM-A.

Experience: Prior to joining Franklin Templeton Mutual Fund he was associated with ICICI Pru Life Insurance Company Ltd. as Head-Equity (Jun 2004-Feb 2016), HSBC Capital Markets as Equity analyst (Apr 2003-May 2004), ABN Amro Asia Equities as Equity Analyst (Feb 2000-Mar 2003), UTI as Buy Side Analyst (Jun 1997-Feb 2000) and Crompton Greaves as Design Executive (Aug 1993-Jun 1995).

Funds Managed:

— R Janakiraman since 02-May-2016

Education: Mr. Janakiraman is a B.E and PGDM (Business Management).

Experience: Prior to joining Franklin Templeton Investments, he has worked with Indian Syntans Inv. Pvt. Ltd., Citicorp Information Tech Ltd. and UTI Securities Exchange Ltd.

Interviews:

Funds Managed:


-0.65%

Change from previous, NAV as on 22-May-2020

Growth: ₹ 437.5971

Dividend: ₹ 29.8242


Investment Strategy

The scheme seeks medium to long term growth of capital, with income tax rebate. The scheme invests in equities and there is an exposure to PSU Bonds and debentures and Money Market instruments.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.31%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 3,131 Cr (As on 30-Apr-2020)
Expense: 1.06% (As on 30-Apr-2020)
Risk Grade: Below Average
Return Grade: Below Average
Turnover: 24.60%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend17-Jan-20202.8776

 25-Jan-20193.7500
 25-Jan-20184.5000
 20-Jan-20173.5000
 22-Jan-20163.5000
 30-Jan-20153.0000
 24-Jan-20143.0000
 18-Jan-20132.0000

Contact Information

AMC: Franklin Templeton Asset Management India Private Ltd

Address: Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone Road (West) Mumbai - 400013

Phone: 1800-425-4255 / 60004255

Email: [email protected]

Website: www.franklintempletonindia.com

Registrar & Transfer Agent: Franklin Templeton Asset Management (India) Pvt. Ltd.

Address: Unit 301, III Floor, Campus 4B, RMZ Millenia Business Park, 143 Dr. MGR Road, Kandanchavadi Chennai - 600096

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