Franklin India Index Fund NSE Nifty Plan Growth
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|Risk||Very High Risk|
|Fund Type||Index Funds|
|Exit Load||0.25% for 7 Days|
More about this fund
|Reliance Industries Ltd||9.82%|
|HDFC Bank Ltd||9.26%|
|Housing Development Finance Corp Ltd||6.78%|
|ICICI Bank Ltd||6.68%|
|Tata Consultancy Services Ltd||5.27%|
|Kotak Mahindra Bank Ltd||3.48%|
|Hindustan Unilever Ltd||3.26%|
|Larsen & Toubro Ltd||2.72%|
|Bajaj Finance Ltd||2.67%|
About Franklin India Index Fund – NSE Nifty Plan
Franklin India Index Fund – NSE Nifty Plan is an open-ended fund that invests in companies in the same proportion as their composition on Nifty 50 Index. The fund aims to deliver returns that are in-line with the returns of the aforementioned index. The scheme strives to achieve long-term capital appreciation. The fund may invest up to 5% of the capital in debt and money-market instruments.
Pros & Cons of Franklin India Index Fund – NSE Nifty Plan
Franklin India Index Fund – NSE Nifty Plan offers the following benefits:
- The fund enables investors to earn returns from the growth of companies on the Nifty 50 Index.
- The index comprises companies that are well-established and leaders in their respective fields.
- The fund returns are higher than the average category returns.
Fund Information and Statistics of Franklin India Index Fund – NSE Nifty Plan
Inception / Launch date
Franklin India Index Fund – NSE Nifty Plan was launched on August 04, 2000, by Franklin Templeton India.
Investment in this fund are moderately high-risk bet and suitable for long-term investment horizon.
The scheme will offer units for purchase and redemption at applicable NAV prices. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days.
The fund is managed jointly managed by Mr Varun Sharma and Mr Srikesh Nair since November 2015.
Entry / Exit load
The fund house does not charge any entry load or exit load if units are redeemed after 30 days. However, a 1% exit load is charged if redeemed before 30 days from the date of allotment.
Tax benefits of investing in Franklin India Index Fund – NSE Nifty Plan
- A short-term capital gain tax of 15 % is levied is the units are sold within one year from the date of allotment.
- Long-term capital gains, in excess of Rs 1 lakh, are taxed at 10% if the units are sold after one year.
- Dividend distribution may be applicable.
About Franklin Templeton India
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