Franklin India Equity Savings Fund Regular Growth
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- Fund Summary
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|Risk||Moderately High risk|
|Fund Type||Equity Savings|
|Exit Load||1% for 365 Days|
More about this fund
|Call, Cash & Other Assets||19.32%|
|Housing Development Finance Corp Ltd||10.4%|
|Axis Bank Ltd||8.83%|
|Hindustan Petroleum Corp Ltd||7.22%|
|ICICI Bank Ltd||4.97%|
|5.15% Govt Stock 2025||4.08%|
|6.64% Govt Stock 2035||4.06%|
|Maruti Suzuki India Ltd||2.59%|
|United Breweries Ltd||2.24%|
About Franklin India Equity Savings Fund
Being an open-ended scheme it intends to generate long-term capital appreciation by investing in equity related instruments and equity. The scheme also generates income through investments in fixed income securities and using derivative strategies and arbitrage.
Pros and Cons of Franklin India Equity Savings Fund
This scheme is suitable for investors who are seeking for: 1. Long term capital gains. 2. Suitable for regular income.
Fund Information and Statistics of Franklin India Equity Savings Fund
i) Inception / Launch date
Franklin India Equity Savings Fund was launched on 27th August 2018 by Franklin Templeton Mutual Fund.
ii) Risk level
As the scheme invests in different types of securities, it has moderately high risk. The risk may increase or decrease depending on its investment pattern. The investments risks include possible loss of principal.
The redemption proceeds with dispatch of the redemption cheque to the unit holders within the statutory time period of 10 business days after the acceptance of the redemption request at the Official Point of Acceptance of Transaction.
iv) Fund Manager
Mr.Sachin Padwal Desai, Mr.Umesh Sharma and Mr. Lakshmikanth Reddy all since August 2018 are acting as the fund managers.
v) Entry / Exit load
The entry load is NIL for investing in this scheme. The exit load in each year from the date of allotment is NIL upto 10% of the units.1% if redeemed on or before 1 year. If redeemed after 1 year from the date of allotment then the exit load is NIL.
Tax benefits of investing in Franklin India Equity Savings Fund
The following taxes are applicable to income arising from investing in this scheme: 1. Short-term capital gains are taxed at 15% 2. Long-term capital gains in excess of Rs. 1 lakh are taxed at 10% without indexation benefits.
About Franklin Templeton Investments
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