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2 star

Franklin India Taxshield Fund


Equity: ELSS

1 Lakh

Investment declined to
₹ 0.94 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.31 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to 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 for 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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 -15.15 2.66 -4.90 -6.01 4.96 30.15 -11.98 -2.14 3.24 11.23 8.42
S&P BSE 500 TRI -6.03 2.37 -4.24 -3.55 8.52 37.36 -0.54 3.36 8.31 12.11 7.63
Equity: ELSS -6.14 2.25 -4.13 -3.75 7.93 32.92 -1.43 1.43 6.66 13.06 8.38
Rank within category 36 2 36 37 33 25 36 30 29 21 12
Number of funds in category 38 38 38 38 38 38 37 34 30 29 27

As on 25-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Franklin India Taxshield Fund  | Invest Online Now
2 star
Apr-99 -11.98 -2.14 3.24 1.92 3,628
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 -3.39 5.24 8.12 1.72 21,905
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 2.59 3.03 8.11 1.89 11,001
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 -4.06 2.10 8.42 1.88 6,298
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 4.70 6.95 -- 1.90 4,181

Best & Worst Performance

Best (Period) Worst (Period)
Week 26.88 (28-Dec-1999 - 04-Jan-2000) -19.12 (16-Mar-2020 - 23-Mar-2020)
Month 57.81 (03-Dec-1999 - 04-Jan-2000) -38.08 (20-Feb-2020 - 23-Mar-2020)
Quarter 137.13 (22-Nov-1999 - 22-Feb-2000) -37.58 (23-Dec-2019 - 23-Mar-2020)
Year 214.23 (10-May-1999 - 09-May-2000) -51.50 (14-Jan-2008 - 13-Jan-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 1.91 21.68 -0.15 -0.14 0.97 -4.39
S&P BSE 500 TRI 6.34 21.82 0.05 0.06 -- --
Equity: ELSS 4.25 21.39 -0.04 -0.04 0.95 -2.02
Rank within category 27 19 26 25 21 26
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 31-Aug-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 55
Top 10 Stocks (%) 50.68
Top 5 Stocks (%) 35.93
Top 3 Sectors (%) 58.50
Portfolio P/B Ratio 1.78
Portfolio P/E Ratio 19.57

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 81,316 96,921
Giant (%) 44.05 50.93
Large (%) 28.93 16.68
Mid (%) 21.74 24.21
Small (%) 5.28 8.37
Tiny (%) -- 0.16

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
up Axis Bank Financial 79.27 9.76 5.45 9.63
down Infosys Technology 25.27 11.11 2.46 9.14
equal HDFC Bank Financial 20.35 9.91 7.00 8.09
equal ICICI Bank Financial 24.61 5.68 0.00 4.77
equal Bharti Airtel Communication -- 5.45 1.75 4.31
equal Power Grid Corporation Energy 10.32 4.31 2.24 3.51
equal Tech Mahindra Technology 18.62 2.87 1.15 2.87
equal Tata Power Energy 16.35 2.85 0.00 2.85
down Mahindra & Mahindra Automobile -- 5.46 2.11 2.81
equal Petronet LNG Energy 12.63 3.34 1.92 2.70
equal NTPC Energy 15.02 3.19 1.82 2.67
equal United Breweries FMCG 172.39 2.88 1.31 2.43
equal Dr. Reddy's Lab Healthcare 43.87 3.95 1.27 2.08
equal Hindalco Inds. Metals 18.88 4.12 1.79 2.07
equal Grasim Industries Construction 14.11 4.01 1.66 2.01
equal Larsen & Toubro Construction 15.13 2.56 0.00 1.97
equal Kotak Mahindra Bank Financial 29.73 9.02 0.00 1.83
equal Indian Hotels Services 166.36 1.94 0.33 1.78
equal Gujarat State Petronet Energy 6.86 2.00 1.28 1.68
equal Balkrishna Industries Automobile 30.61 1.76 0.74 1.47
equal Indian Oil Corp. Energy -- 3.25 1.41 1.41
equal HPCL Energy 6.99 2.38 0.00 1.40
equal United Spirits FMCG 178.28 2.67 0.00 1.35
down Cholamandalam Financial Holdings Financial 11.08 1.82 0.00 1.34
up Lupin Healthcare -- 1.29 0.00 1.29

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 31-Aug-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:


2.66%

Change from previous, NAV as on 25-Sep-2020

Growth: ₹ 489.1595

Dividend: ₹ 32.5305


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: 10-Apr-1999
Return Since Launch: 19.86%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 3,628 Cr (As on 31-Aug-2020)
Expense: 1.92% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: Below Average
Turnover: 27.42%

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
 03-Feb-20123.0000
 14-Jan-20114.0000
 15-Jan-20103.0000
 17-Dec-20083.0000
 14-Nov-20078.0000
 10-Jan-20078.0000
 15-Feb-20063.5000
 18-Mar-20053.0000
 24-Feb-20044.0000
 30-Mar-20011.2500
 24-May-20006.0000
 31-Mar-20008.0000

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: http://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

Last Session

VR Helpline

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dateSaturday, 26-Sep-2020
time12:30 PM - 01:00 PM

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