Franklin India Pension Plan Growth
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|Risk||Moderately High risk|
|Exit Load||3% for 1095 Days|
More about this fund
|5.77% GOI 2030||11.24%|
|5.22% GOI 2025||9.95%|
|7.27% Govt Stock 2026||6.66%|
|State Bank of India||6.1%|
|Housing Development Finance Corporation Limited||4.93%|
|KKR India Financial Services Private Limited||4.56%|
|HDFC Bank Ltd||4.06%|
|Reliance Jio Infocomm Limited||3.98%|
About Franklin India Pension Plan
The Franklin India pension plan is a hybrid fund that invests 40% in equities and the rest in fixed income. The plan is ideal for long-term investors with an investment horizon of more than five years. It is aimed at building a retirement corpus and enable investors to earn a steady income post retirement.
Pros & Cons of Franklin India Pension Plan
Franklin India Pension Plan offers the following benefits:
- The pension plan is aimed at negating the effects of inflation and ensuring a steady income for recurring expenses post-retirement.
- The fund invests 80% of equity amount in large-cap stocks ascertaining stable and potentially risk-free returns. Essentially, this reduces the volatility to a considerable extent.
- It has done better than its peer who offer similar pension plans. It has not been able to beat the benchmark but matched it the five-year return period.
Fund Information and Statistics of Franklin India Pension Plan
i) Inception / Launch date
The Franklin India Pension Plan was launched on 31 March, 1997 by Franklin Templeton India.
ii) Risk level
Being an hybrid fund, Franklin India Pension Plan is a moderately high-risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from the date of receipt of a request at the Official Points of Acceptance of Transactions (OPAT) of the Mutual Fund.
iv) Fund Manager
Sachin Shankar Padwal Desai (Aug 2006), Umesh Sharma (July 2010), and Lakshmikanth Reddy (May 2016) are jointly managing the fund.
v) Entry / Exit load
The fund house does not charge any entry load but charges 3% exit load if redeemed before the age of 58 years subject to lock-in period and target amount. There is no exit load if redeemed after 58 years of age.
Tax benefits of investing in Franklin India Pension Plan
The Short-term capital gain tax will be levied as per the income tax slab rate if units are held for less than 36 months. A Long-term capital gains tax of 20% is applicable with indexation if units are held for more than 26 months. There would be no seperate tax on dividends, but Dividend Distribution Tax (DDT) will be deducted at source.
About Franklin India
Franklin Templeton India was set-up in 1996 as Templeton Asset Management India Pvt. Ltd. It is a part of Franklin Templeton Investments which was founded in 1947 and is currently operational in 170+ countries. The group is driven by 42 research offices and 600 investment professionals present in 25 countries.
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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