Franklin India Taxshield Fund Growth
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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 FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|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 years||15 years||3 years|
- Fund Summary
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- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|Axis Bank Ltd||8.6%|
|HDFC Bank Ltd||8.17%|
|ICICI Bank Ltd||4.48%|
|Bharti Airtel Ltd||3.69%|
|Power Grid Corp Of India Ltd||3.33%|
|Mahindra & Mahindra Ltd||2.94%|
|Tata Power Co Ltd||2.7%|
|Dr Reddy's Laboratories Ltd||2.65%|
|Petronet LNG Ltd||2.59%|
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.
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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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