Franklin India Taxshield Fund
Information about the scheme at a glance
Save More and fulfill desires
In other words saving tax means making extra money. Even if you can invest this extra money in ELSS or any other open ended mutual funds, every year, till the time you retire, you can fulfill your many desires, your retirement life will be more pleasant.
What if there’s a way out by paying lesser tax and create long-term wealth?
Consider Franklin India Taxshield Fund which can help you save tax up to Rs. 46,350*per year by investing up to Rs. 1.5 lakhs per year*. It is an ELSS with a 3-year lock-in and investments under ELSS are eligible for IT exemptions under section 80C of the Income Tax Act, 1961. The money is invested in equity markets which are likely to give better returns over a period of time.
Consider Franklin India Taxshield Fund which can help you save tax up to Rs. 46,350*per year by investing up to Rs. 1.5 lakhs per year*. It is an ELSS with a 3-year lock-in and investments under ELSS are eligible for IT exemptions under section 80C of the Income Tax Act, 1961. The money is invested in equity markets which are likely to give better returns over a period of time.
Franklin India Taxshield Fund uses the 3-year lock-in window of the ELSS to provide a unique approach to equity investing. The lock-in creates a situation where both investor and the fund manager interests are aligned in looking at long term opportunities and ignoring short term noise.
The fund looks at companies that can sustainably grow profits and generate wealth over 3-4 years. This allows the fund manager to overlook short term volatility of the stock price as well as any temporary hiccups in the company’s earnings. Further the fund manager works completely on a bottom-up basis i.e. judging individual stocks purely on their prospects without trying to worry about the overall market direction or what the market benchmarks are doing. This has allowed the fund to create tremendous value for investors since its inception.
*Based on tax rates for AY 2015-16 for Indian residents below the age of 60. Tax savings may vary depending on applicable tax slabs and investments under Sec 80C of the Income Tax Act, 1961.
Key Features
- Open-ended equity linked savings scheme with a 3-year lock-in
- One of the lowest lock-in periods (3 years lock-in) amongst other tax saving instruments.
- Provides tax benefits of up to Rs. 46,350* under section 80C of the Income Tax Act, 1961.
- Suitable for an investment horizon of at least 3-5 years or more
This Product is suitable for Investors who are seeking*
- capital appreciation over long term.
- investment in a diversified portfolio predominantly consisting of equity and equity related instruments.
Investors should consult their financial advisers if in doubt about whether the product is suitable for them
Category of the Scheme: ELSS (Equity Linked Savings Scheme)
Investment Allocation:
80% to 100% in Equities and Equity related Securities and up to 20% in Debt (Debentures, Government of India and State Government Bonds, Money Market Instruments)
Out of Equity & Equity related securities:
Large Cap Companies 60 to 75%
Mid Cap Companies up to 40%
Investment Style:
The Fund Manager seeks capital appreciation over the long-term by focusing on wealth creating companies that generates return on capital across all sectors.
Type of Scheme: An Open-End Equity linked savings scheme (ELSS) with 3 year compulsory lock-in
Investment Objective: The investment objective of the scheme is to provide growth of capital plus regular dividend through a diversified portfolio of equities, fixed income securities and money market instruments.
Date of Launch of the Scheme: 10 April, 1999
Fund Manager:
R Janakiraman since May 2016 Managing this fund.
Benchmark: Nifty 500
NAV As on 15 June 2016
Regular Growth Option: Rs.436.15
Regular Dividend Option: Rs.41.33
Fund Size (AUM - Asset Under Management) Rs.2146 Crores as on 31 May 2016
Portfolio Turnover: 19%
Volatility Measures (3 Years)
Standard Deviation: 4.37%
Beta: 0.90
Sharp Ratio 1.01
Expense Ratio: 2.46%
Investment Limit:
Minimum Investment (First Time): Rs.5000/-
Maximum Investment: No Limit
Additional Investment: Rs.1000/-
Load:
Entry Load: NIL
Exit Load: NIL.
SIP Performance - If you had invested Rs.10000/- per month as on 31st March 2016
| 1 Year | 3 Year | 5 Year | 7 Year | 10 Year | Since Inception | |
Total Amount invested (Rs.)
|
120,000 | 360,000 | 600,000 | 840,000 | 1,200,000 | 2,040,000 |
Total Value as on 31/03/2016
|
118,313 | 467,353 | 931,296 | 1,510,145 | 2,680,662 | 15,501,535 |
Returns
|
-2.60% | 17.72% | 17.63% | 16.46% | 15.35% | 20.95% |
| Nifty 500 Returns | -7.15% | 8.01% | 9.84% | 8.89% | 8.73% | 13.52% |
Analysis of the Scheme:
A fund which has stayed determinedly large-cap tilted, even in a category crowded with multi-cap funds, Franklin India Taxshield has delivered good-enough returns to retain four- to five-star ratings for much of the last eight years. The fund's year-to-year returns don't always beat its more aggressive peers, but its performance adds up to very handsome returns over the long term. A fund which allocates a minimum 60 per cent of its portfolio to large caps, it has pegged up this exposure even higher, to 75 per cent in the last one year. Mid and small caps now make up a fourth of the portfolio, shielding the fund from any valuation meltdown in this segment of the market. The fund also avoids momentum stocks and sticks to bottom-up fundamentals-based investing. Though this fund is from a growth-style fund house, it tends to be quite valuation conscious. The fund doesn't take cash calls and remains fully invested through cycles.
Outpacing the benchmark in 12 of the last 15 years, this fund has proved more adept at containing losses in bear markets than in really acing its peers in runaway bull phases. The last two years, however, have seen the fund widen its outperformance vis-a-vis the benchmark and the category. The fund's bottom-up picks in automobiles and ancillaries, ports and pharma may explain part of this, as also its underweight positions in PSU banks, metals and energy.
It's a top choice for risk-averse investors seeking ELSS benefits.
| Basic Details | ||
|---|---|---|
| Fund House: | Franklin Templeton Mutual Fund | |
| Launch Date: | Apr 10, 1999 | |
| Benchmark: | Nifty 500 | |
| Riskometer: | Moderately High | |
| Risk Grade: | Low | |
| Return Grade: | Above Average | |
| Turnover: | 8% | |
| Type: | Open-ended | |
| Investment Details | ||
|---|---|---|
| Return since Launch: | 24.55% | |
| Minimum Investment (R) | 1000 | |
| Minimum Addl Investment (R) | 1000 | |
| Minimum SIP Investment (R) | 1000 | |
| Minimum No of Cheques | 12 | |
| Minimum Withdrawal (R) | 500 | |
| Minimum Balance (R) | - | |
| Exit Load (%) | 0 | |
Performance
| YTD | 1-Month | 3-Month | 1-Year | 3-Year | 5-Year | 10-Year | |
|---|---|---|---|---|---|---|---|
| Fund | 4.29 | 3.29 | 10.19 | 6.97 | 23.20 | 15.89 | 16.49 |
| Nifty 500 | 2.09 | 4.30 | 10.32 | 4.01 | 14.87 | 9.18 | 11.55 |
| Category | 2.12 | 3.59 | 11.32 | 5.56 | 21.04 | 13.07 | 13.34 |
| Rank within Category | 17 | 48 | 59 | 31 | 19 | 4 | 3 |
| Number of funds in category | 78 | 80 | 80 | 72 | 68 | 34 | 24 |
As on Jun 15, 2016
| Best & Worst Performance | Best (Period) | Worst (Period) | ||
|---|---|---|---|---|
| Month | 57.81 | (Dec 03, 99 - Jan 04, 2000) | -29.18 | (Sep 24, 08 - Oct 24, 2008) |
| Quarter | 137.13 | (Nov 22, 99 - Feb 22, 2000) | -34.66 | (Sep 02, 08 - Dec 03, 2008) |
| Year | 214.23 | (May 10, 99 - May 09, 2000) | -51.50 | (Jan 14, 08 - Jan 13, 2009) |
| Risk Measures (%) | Mean | Std Dev | Sharpe | Sortino | Beta | Alpha |
|---|---|---|---|---|---|---|
| Fund | 21.43 | 15.15 | 1.08 | 2.07 | 0.93 | 10.35 |
| Nifty 500 | 13.75 | 15.99 | 0.54 | 0.94 | - | - |
| Category | 19.31 | 16.64 | 0.86 | 1.47 | 1.01 | 7.75 |
| Rank within Category | 17 | 62 | 11 | 4 | 58 | 15 |
| Number of funds in category | 71 | 71 | 71 | 71 | 71 | 71 |
As on May 31, 2016
| Trailing Returns (%) | YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 4.29 | 0.95 | -0.47 | 3.29 | 10.19 | 7.05 | 6.97 | 23.20 | 15.89 | 17.21 | 16.49 |
| Nifty 500 | 2.09 | 1.05 | -0.53 | 4.30 | 10.32 | 5.59 | 4.01 | 14.87 | 9.18 | 9.68 | 11.55 |
| Category | 2.12 | 0.97 | -0.36 | 3.59 | 11.32 | 5.28 | 5.56 | 21.04 | 13.07 | 13.76 | 13.34 |
| Rank within Category | 17 | 46 | 50 | 48 | 59 | 17 | 31 | 19 | 4 | 4 | 3 |
| Number of funds in category | 78 | 80 | 80 | 80 | 80 | 74 | 72 | 68 | 34 | 33 | 24 |
As on Jun 15, 2016
|
| ||||||||||||||||
| Portfolio Aggregates | |||
|---|---|---|---|
| Fund | Benchmark | Category | |
| Average Mkt Cap (Rs Cr) | 56,111.37 | 133,146.43 | 44,121.56 |
| Giant (%) | 51.42 | 58.61 | 43.43 |
| Large (%) | 20.19 | 20.30 | 20.05 |
| Mid (%) | 25.62 | 16.84 | 28.97 |
| Small (%) | 2.77 | 4.25 | 7.91 |
| Tiny (%) | - | 0.00 | 0.13 |
| Value Research Fund Style | |
|---|---|
 |
Indicates an increase or decrease or no change in holding since last portfolio 
Indicates a new holding since last portfolio
As on May 31, 2016
Source: www.valueresearchonline.com
Do You Wish to Invest in this Scheme?
- Please download CAN (Common Account No.) Registration Form it is fillable form, please fill up details, take printout, make signature/s.
- Please download PayEezz Mandate Form take printout, make signature/s.
- Please download KYC Form take printout, affix photo at the space provided for make signature across the photo (half outside and half on photo), make second signature at the space provided for at the bottom in square.
- Attach self attested copies of PAN Card & Address Proof and one cancelled cheque.
If you are KYC compliant existing investor in Mutual Funds:
- Please download CAN (Common Account No.) Registration Form it is fillable form, please fill up details, take printout, make signature/s.
- Please download PayEezz Mandate Form take printout, make signature/s.
- Attach self attested copies of PAN Card & Address Proof and one cancelled cheque.
If you need any assistance for filling above forms please call on us: 02355-251089 Mobile: 9422430302 Email: tfscontactus@gamil.com
Send all as above to by courier or post:
Thakur Financial Services
275, Manisha, Near ICICI Bank,
Kaviltali, Chiplun-415605,
Dist: Ratnagiri
We will do the rest on your behalf and once your one time registration process is completed and one time bank mandate is registered with your bank, you can call on us for discussing the suitable mutual fund scheme for you on the basis of your income, age, capacity invest, your risk tolerance capacity, investment horizon, your goals, reason for investment etc., and then appropriate scheme will be suggested to you, and we shall be able to do the investment (lump-sum or SIP) without any form, cheque, signature i.e. totally paperless.
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