Franklin India Bluechip Fund Growth
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|ICICI Bank Ltd||9.87%|
|State Bank of India||8.12%|
|HDFC Bank Ltd||7.1%|
|Bharti Airtel Ltd||5.83%|
|Dr Reddy's Laboratories Ltd||4.63%|
|Indian Oil Corp Ltd||4.08%|
|SBI Life Insurance Co Ltd||3.89%|
|Axis Bank Ltd||3.88%|
|UltraTech Cement Ltd||3.8%|
About Franklin India Bluechip Fund
Franklin India Bluechip Fund is an open-ended scheme which invests in blue chip companies. The equity fund invests in large-cap companies with established track records and leaders in their respective industries. The scheme is aimed at wealth creation over an investment horizon of more than five years.
Pros & Cons of Franklin India Bluechip Fund
Franklin India Bluechip Fund offers the following benefits: 1. The scheme invests large-cap companies and offers an opportunity for long-term wealth creation. 2. Investors with goals such as retirement corpus or education corpus can benefit from this scheme. 3. Returns are usually lower than the average category returns.
Fund Information and Statistics of Franklin India Bluechip Fund
i) Inception / Launch date
The Franklin India Bluechip Fund was launched on December 1, 1993, by Franklin Templeton Investments.
ii) Risk level
Franklin India Bluechip Fund is a moderately high-risk bet but is suitable for investors looking to get returns by investing in equities. Due to its focus on large-cap blue chip companies, volatility could be less as compared to other funds.
Redemption of Units will be done at applicable NAV prices on every business day. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days.
iv) Fund Manager
Franklin India Bluechip Fund is jointly managed by Anand Radhakrishnan since 2007, Srikesh Nair since 2015 Roshni Jain since 2016.
v) Entry / Exit load
The fund house does not charge any entry load, but charges 1% exit load if redeemed before one year from the date of allotment. There is no exit load if redeemed after one year.
Tax benefits of investing in Franklin India Bluechip Fund
The Short-term capital gain tax of 15% is levied if sold before one year from the date of allotment. Long-term capital gains , in excess of Rs 1 Lakh, are taxed at 10% without indexation if redeemed after one year. 10% tax will be deducted at source for dividends.
About Franklin Templeton Investments
Franklin Templeton Investments was established in 1947 and has come a long way since. Today, it has 42 research offices, 12 global trading offices, and over 600 investment professionals. The company operates in 170+ countries with the aim of delivering exception asset management for retail, institutional, and high-net-worth clients.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns