Franklin India Taxshield Fund Growth - Latest NAV ₹532.9062, Returns, Performance & Portfolio

Franklin India Taxshield Fund Growth

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    4.3%
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    (+3.19)532.9062

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  • Save up to Rs 46,800 in taxes every year.
  • Highest returns compared to other 80C investments.
  • Lowest lock-in of 3 years
Tax Saving FDPPFELSS
Average Annualised Returns i
6%8%12%
Tax rates i
30%Not taxable10%*
Returns after tax i
4.2%8.00%10.80%
Current rate of Inflation i
4%4%4%
Real Rate of Return i
0.2%4.00%6.80%
Lock-in Period i
5 years15 years3 years
*Taxable @ 10% over and above Rs 1 lakh.

Fund Summarystar

PeriodReturns(per year)
10 Years9.27%
5 Years4.3%
3 Years-0.06%
1 Year-5.06%
6 Months25.62%
Fund Details
ISININF090I01775
RiskModerately High risk
Fund TypeELSS (Tax Savings)
NAV532.9062
Exit Load--

More about this fundstar

Top HoldingsWeightage
Infosys Ltd10.37%
Axis Bank Ltd8.6%
HDFC Bank Ltd8.17%
ICICI Bank Ltd4.48%
Bharti Airtel Ltd3.69%
Power Grid Corp Of India Ltd3.33%
Mahindra & Mahindra Ltd2.94%
Tata Power Co Ltd2.7%
Dr Reddy's Laboratories Ltd2.65%
Petronet LNG Ltd2.59%

About Franklin India Taxshield Fund

Franklin India Taxshield Fund is an open ended equity linked saving scheme. The fund aims at growth of capital over medium to long term. The fund manager invests primarily in equity and equity related securities along with taking exposure to PSU Bonds and money market instruments. It follows a bottom-up approach of stock-picking and gives priority to value. However, the scheme does not guarantee assured returns due to presence of market risks.

Pros & Cons of Franklin India Taxshield Fund

Franklin India Taxshield Fund offers the following benefits: 1. Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds) 2. Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility. 3. Being a star-rated fund, it has a considerable performance record. It was able to beat the benchmark by wide margins in 5 year and 10 year period respectively. However, it underperformed the category and benchmark in 3 year period.

Fund Information and Statistics of Franklin India Taxshield Fund

i) Inception / Launch date

Franklin India Taxshield Fund was launched on 10 April 1999 by Franklin Templeton Mutual Fund.

ii) Risk level

Being a multi-cap fund, Franklin India Taxshield Fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.

iii) Redemption

Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It 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 date of receipt of request.

iv) Fund Manager

Mr. Lakshmikanth Reddy and Mr. R. Janakiraman, who hold a rich experience of fund management with prestigious fund houses, has been managing the Franklin India Taxshield Fund since May 2016.

v) Entry / Exit load

The fund house does not charge any entry load and exit load for investing in Franklin India Taxshield Fund

Tax benefits of investing in Franklin India Taxshield Fund

Franklin India Taxshield Fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.

About Franklin Templeton Mutual Fund

Franklin Templeton Mutual Fund was incorporated on 6 October 1995 and started operation on 19 February 1996. The fund house flagged off the mutual fund with the launch of Templeton India Growth Fund in September 1996, and since then the business has grown at a steady pace and is one of the leading fund houses in India.

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Frequently Asked Questions

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Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Moderately High risk

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