Franklin India Equity Savings Fund Direct Growth
About the Fund
Franklin India Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 27 August, 2018. The fund is managed by Anand Radhakrishnan, Umesh Sharma, Sachin Padwal-Desai. This fund gives you the benefit of diversification.
Key Parameters
- Franklin India Equity Savings Fund Direct Growth has ₹625 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Franklin India Equity Savings Fund Direct Growth has given a CAGR return of 9.13% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 12.60%, 9.23% and 10.20% respectively.
Holdings
Franklin India Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Corporate, Government, Tech, Industrial, Energy, Consumer Defensive, Health, Basic Materials, Communication, Utilities.
Taxation
As it is a equity savings mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Franklin India Equity Savings Fund Direct Growth
The Scheme intends to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments. The Scheme also intends to generate income through investments in fixed income securities and using arbitrage and other derivative Strategies. There can be no assurance that the investment objective of the scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Franklin India Equity Savings Fund Direct Growth has no lock in period.
Fund Overview
| Expense ratio | 0.23% |
Benchmark | NIFTY Equity Savings TR INR |
| AUM | ₹625 Cr |
| Inception Date | 27 August, 2018 |
| Min Lumpsum/SIP | ₹5000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 474.1% |
| Risk |   Low to Moderate Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.19% | 3.9% | |
 ICICI Bank Ltd | 5.85% | 0% | |
 Mahindra & Mahindra Ltd | 4.85% | 0% | |
 Maruti Suzuki India Ltd | 3.2% | 0% | |
 Axis Bank Ltd | 3.03% | 0% |
Mutual Fund Insights
Franklin India Equity Savings Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
Fund Allocations
AUM size ₹625 Cr
Expense Ratio 0.23%
Frequently Asked Questions
Franklin India Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.35% | 1.35% |
6 Month Returns | 6.42% | 6.42% |
1 Year Returns | 12.6% | 12.6% |
3 Years Returns | 30.32% | 9.23% |
5 Years Returns | 62.5% | 10.2% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |