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Franklin India Taxshield Fund

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Equity: ELSS

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1 Lakh

Investment Grown to
₹ 1.15 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.43 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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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 3.93 -0.11 -0.33 5.86 23.46 33.83 11.68 4.75 10.83 14.53 12.24
S&P BSE 500 TRI 2.03 -0.95 -0.23 3.78 20.34 30.05 18.08 7.71 15.06 14.93 11.19
Equity: ELSS 2.03 -0.68 -0.31 3.70 19.06 28.48 15.33 5.62 13.27 15.30 11.89
Rank within category 3 1 22 3 1 3 27 19 29 16 12
Number of funds in category 38 38 38 38 38 38 38 35 33 29 27

As on 25-Jan-2021

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
3 star
 Apr-99 11.68 4.75 10.83 1.89 4,202
Axis Long Term Equity Fund
4 star
 Dec-09 17.51 11.58 15.36 1.62 27,181
DSP Tax Saver Fund  | Invest Online
4 star
 Jan-07 15.01 7.33 15.13 1.85 7,425
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
 Dec-15 22.10 10.83 20.27 1.86 5,489
Tata India Tax Savings Fund  | Invest Online
4 star
 Mar-96 12.10 5.71 13.76 2.04 2,481

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 6.71 23.67 0.08 0.09 1.01 -3.94
S&P BSE 500 TRI 10.60 22.83 0.26 0.30 -- --
Equity: ELSS 7.85 22.37 0.14 0.16 0.95 -2.47
Rank within category 20 31 22 21 31 23
Number of funds in category 35 35 35 35 35 35

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

As on 31-Dec-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 54
Top 10 Stocks (%) 53.55
Top 5 Stocks (%) 38.44
Top 3 Sectors (%) 61.74
Portfolio P/B Ratio 2.21
Portfolio P/E Ratio 22.21

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 99,656 1,14,833
Giant (%) 45.83 51.95
Large (%) 24.57 15.52
Mid (%) 23.95 24.52
Small (%) 5.65 8.19
Tiny (%) -- 0.18

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 Axis Bank Financial 54.97 10.14 5.45 10.08
equal Infosys Technology 30.01 11.11 2.80 10.07
equal HDFC Bank Financial 25.65 9.70 7.00 8.99
equal ICICI Bank Financial 26.21 5.68 0.00 5.58
equal Tata Power Energy 23.00 3.71 0.00 3.71
equal Bharti Airtel Communication -- 5.45 1.75 3.69
equal Power Grid Corporation Energy 10.66 4.31 2.34 3.67
equal Mahindra & Mahindra Automobile -- 5.46 2.11 2.88
equal United Breweries FMCG 901.34 2.88 1.42 2.46
equal Petronet LNG Energy 14.46 3.34 1.92 2.40
equal Larsen & Toubro Construction 16.60 2.56 0.00 2.32
equal Hindalco Inds. Metals 37.66 4.12 1.79 2.32
equal Kotak Mahindra Bank Financial 38.07 9.02 1.73 2.25
equal Dr. Reddy's Lab Healthcare 51.32 3.95 1.27 2.19
down Gujarat State Petronet Energy 7.81 2.17 1.28 2.00
down Grasim Industries Construction 20.72 4.01 1.66 1.95
equal Indian Hotels Services -- 1.94 0.39 1.78
equal Tech Mahindra Technology 24.21 2.87 1.15 1.63
equal Balkrishna Industries Automobile 33.42 1.71 0.74 1.58
equal Tata Steel Metals -- 2.33 0.00 1.47
equal Cholamandalam Financial Holdings Financial 12.90 1.82 0.00 1.42
equal HPCL Energy 5.19 2.38 0.73 1.31
equal Indian Oil Corp. Energy 27.33 3.25 1.24 1.29
equal State Bank of India Financial 10.64 3.10 0.91 1.27
equal City Union Bank Financial 30.49 1.34 0.00 1.25

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-Dec-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.

Funds Managed:

Invest Online Now
-0.11%

Change from previous, NAV as on 25-Jan-2021

Growth: ₹ 657.9204

Dividend: ₹ 43.7535

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: 21.16%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 4,202 Cr (As on 31-Dec-2020)
Expense: 1.89% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 17.97%

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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