Franklin India Equity Advantage Fund Growth
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|Risk||Very High Risk|
|Fund Type||Large & Mid-Cap|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||7.24%|
|Axis Bank Ltd||6.97%|
|ICICI Bank Ltd||5.84%|
|Tata Power Co Ltd||4.3%|
|Bharti Airtel Ltd||3.38%|
|Indian Hotels Co Ltd||3%|
|City Union Bank Ltd||2.96%|
|Apollo Hospitals Enterprise Ltd||2.78%|
|The Federal Bank Ltd||2.64%|
About Franklin India Equity Advantage Fund
The Scheme is an open-ended equity scheme investing in both large cap and mid cap stocks. The Scheme is benchmarked against Nifty 50 and Nifty 500 Index.
Pros & Cons of Franklin India Equity Advantage Fund
Franklin India Equity Advantage Fund offers following features:
- The Scheme invests minimum 35% in large-cap and minimum 35% in mid-cap entities. The remaining 30% allocation can be large, mid or small caps and debt and money market instruments which have relatively better growth potential
- The Scheme has consistently declared dividend in every year for the last 13 years.
Fund Information and Statistics of Franklin India Equity Advantage Fund
i) Inception / Launch date
The Scheme was launched by Franklin Templeton Mutual Fund house on 2 March 2005. The Scheme was earlier known as Franklin India Flexi Cap Fund. The name change was effective 4 June 2018.
ii) Risk level
Being an equity scheme investing across large and mid cap stocks, it is moderately high risk proposition and suitable for investors with investment horizon of at least 5 years or more.
The Scheme is open for repurchase/redemptions on all business days. Redemption proceeds are despatched within 10 business days from the date of the receipt of valid redemption request.
iv) Fund Manager
The Scheme is currently being managed by Mr. Lakshmikanth Reddy, Mr. Janakiraman Rengaraju and Mr. Srikesh Karunakaran Nair. Mr Nair is dedicated for making investments for foreign securities.
v) Entry / Exit load
1% of exit load is charged by the fund house if the units are redeemed/switched-out within one year of allotment. No exit load is charged for redemptions post one year of allotment. No entry load is charged by the fund house on subscriptions.
Tax benefits of investing in Franklin India Equity Advantage Fund
Long Term Capital Gains (“LTCG”), in excess of Rs 1 lakh, are taxed @ 10% without indexation if units are held for more than 12 months. Short term capital gains (“STCG”) are taxed @ 15% if units are held for less than 12 months. Investors do not pay any tax on dividends received but a Dividend Distribution Tax (“DDT”) is deducted by the fund house at source.
About Franklin Templeton Mutual Fund
Franklin Templeton Mutual Fund is managed by Templeton Asset Management (“AMC”). The fund house prides on its ability to provide investors with relatively quick and risk free returns. The CEO of the fund house is Mr Sanjay Sapre. The fund house manages more than 50 schemes across equity, debt and liquid, fund of funds, sector equity funds and hybrid funds category.
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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