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2 star

Franklin India Taxshield Fund

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Equity: ELSS

1 Lakh

Investment declined to
₹ 0.93 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.23 Lakh

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 -16.90 -1.00 0.46 3.64 14.24 -17.36 -14.51 -2.46 2.27 10.93 9.48
S&P BSE 500 TRI -10.03 -0.42 1.44 6.45 18.81 -10.99 -4.74 2.35 6.32 11.43 8.38
Equity: ELSS -10.49 -0.38 1.11 5.42 15.05 -11.38 -5.48 0.31 4.84 12.20 9.07
Rank within category 37 37 33 37 23 37 33 28 27 19 11
Number of funds in category 38 38 38 38 38 38 36 34 30 28 27

As on 10-Jul-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 -14.51 -2.46 2.27 1.96 3,310
Axis Long Term Equity Fund  | Invest Online
5 star
 Dec-09 -0.30 6.12 7.63 1.74 20,292
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
 Mar-96 0.47 2.61 6.88 1.93 10,101
DSP Tax Saver Fund  | Invest Online
4 star
 Jan-07 -3.45 2.37 7.37 1.87 5,789
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
4 star
 Dec-15 -0.76 5.35 -- 1.89 3,538

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 -0.47 21.39 -0.27 -0.26 0.97 -4.78
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS 2.32 21.15 -0.14 -0.15 0.95 -2.02
Rank within category 28 19 28 27 22 28
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-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 52
Top 10 Stocks (%) 50.06
Top 5 Stocks (%) 34.61
Top 3 Sectors (%) 55.62
Portfolio P/B Ratio 1.62
Portfolio P/E Ratio 16.68

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 76,800 89,760
Giant (%) 51.26 52.59
Large (%) 23.00 15.43
Mid (%) 19.33 23.93
Small (%) 6.42 8.24
Tiny (%) -- 0.13

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
equal Infosys Technology 20.49 8.89 2.46 8.83
equal HDFC Bank Financial 21.67 9.91 7.00 8.47
equal Axis Bank Financial 66.70 9.76 5.45 7.50
equal Bharti Airtel Communication -- 5.45 1.75 5.15
equal ICICI Bank Financial 24.19 5.68 0.00 4.65
equal Power Grid Corporation Energy 9.47 4.31 1.92 3.76
equal Petronet LNG Energy 14.72 3.34 1.81 3.18
equal NTPC Energy 13.36 3.19 1.82 2.91
down Mahindra & Mahindra Automobile 542.06 5.46 2.11 2.87
equal United Breweries FMCG 62.43 2.88 1.26 2.73
up Tata Power Energy 13.32 2.39 0.00 2.39
equal Tech Mahindra Technology 14.18 2.86 1.15 2.31
equal Larsen & Toubro Construction 13.77 2.56 0.00 2.16
equal Dr. Reddy's Lab Healthcare 32.01 3.95 1.27 2.11
down Grasim Industries Construction 9.13 4.01 1.66 2.02
equal Gujarat State Petronet Energy 6.82 2.00 1.28 2.00
equal Kotak Mahindra Bank Financial 30.70 9.02 0.00 1.95
down Hindalco Inds. Metals 10.02 4.12 1.36 1.79
equal HPCL Energy 12.29 2.38 0.00 1.65
down United Spirits FMCG 69.62 2.67 0.00 1.60
equal Balkrishna Industries Automobile 25.74 1.76 0.74 1.54
equal Indian Oil Corp. Energy -- 3.25 1.53 1.53
equal Indian Hotels Services 26.84 1.94 0.29 1.50
equal Cholamandalam Financial Holdings Financial 11.26 1.82 0.00 1.19
equal Bajaj Auto Automobile 16.08 1.68 0.73 1.17

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-Jun-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:

Invest Online Now
-1.00%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 479.0629

Dividend: ₹ 31.8590

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: 19.96%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 3,310 Cr (As on 30-Jun-2020)
Expense: 1.96% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Below Average
Turnover: 25.14%

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

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