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Franklin India Taxshield Fund


1 Lakh

Investment Grown to
₹ 1.29 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.84 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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 4.10 1.50 5.43 5.82 8.77 7.89 12.56
S&P BSE 500 TRI 7.97 1.57 8.28 9.13 13.06 9.29 10.22
Equity: ELSS 7.31 1.02 7.98 8.28 11.07 8.55 10.98
Rank within category 26 14 34 23 28 20 4
Number of funds in category 35 38 37 35 34 29 26

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 57.81 (03-Dec-1999 - 04-Jan-2000) -29.18 (24-Sep-2008 - 24-Oct-2008)
Quarter 137.13 (22-Nov-1999 - 22-Feb-2000) -34.66 (02-Sep-2008 - 03-Dec-2008)
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 9.03 11.72 0.28 0.41 0.86 -3.03
S&P BSE 500 TRI 13.11 13.17 0.56 0.86 -- --
Equity: ELSS 11.17 13.43 0.40 0.61 0.96 -1.64
Rank within category 28 3 27 27 5 27
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-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 51
Top 10 Stocks (%) 46.23
Top 5 Stocks (%) 30.22
Top 3 Sectors (%) 57.65
Portfolio P/B Ratio 2.20
Portfolio P/E Ratio 19.23

Portfolio Aggregates

Fund Benchmark Category
Average Mkt Cap (Rs Cr) 85,887 2,78,517 96,702
Giant (%) 47.02 59.50 52.39
Large (%) 31.68 18.52 15.16
Mid (%) 16.34 16.63 24.27
Small (%) 4.96 5.32 8.53
Tiny (%) -- 0.01 0.27

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal Axis Bank Financial 47.71 9.76 5.45 9.19
equal HDFC Bank Financial 29.57 9.91 7.00 7.24
down ICICI Bank Financial 67.66 5.32 0.00 5.17
equal Kotak Mahindra Bank Financial 39.32 9.02 0.00 4.63
equal Grasim Industries Construction 11.87 4.01 1.66 3.99
equal Power Grid Corporation Energy 6.24 4.31 1.26 3.83
equal Bharti Airtel Communication 3.28 1.75 3.28
equal Infosys Technology 19.54 5.74 2.46 3.26
equal NTPC Energy 9.75 3.05 1.82 2.86
equal Dr. Reddy's Lab Healthcare 17.12 2.79 1.27 2.79
down Hindalco Inds. Metals 80.15 4.12 0.00 2.71
equal Petronet LNG Energy 15.42 2.85 0.46 2.70
equal Mahindra & Mahindra Automobile 11.77 5.46 2.66 2.66
equal United Breweries FMCG 70.71 2.09 1.02 2.06
equal Indian Oil Corp. Energy 10.80 3.25 0.00 1.91
equal Indian Hotels Services 49.30 1.94 0.00 1.90
equal Tata Power Energy 24.11 1.83 0.00 1.77
down HPCL Energy 8.02 2.38 0.00 1.74
equal Tech Mahindra Technology 16.63 2.22 1.15 1.68
equal Hindustan Unilever FMCG 65.92 3.29 1.40 1.64
equal Cholamandalam Financial Holdings Financial 165.75 1.73 0.00 1.62
equal State Bank of India Financial 29.35 4.27 0.91 1.61
equal Colgate-Palmolive FMCG 50.01 1.67 0.00 1.58
equal Nestle India FMCG 75.07 1.64 0.00 1.58
equal Gujarat State Petronet Energy 12.48 1.81 1.28 1.57

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-Nov-2019

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:


0.82%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 570.8371

Dividend: ₹ 41.1290


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
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 4,101 Cr (As on 30-Nov-2019)
Expense: 1.91% (As on 30-Nov-2019)
Risk Grade: Low
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend25-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

News & Analysis

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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM