Franklin India Equity Savings Fund Direct Growth

Franklin India Equity Savings Fund Direct Growth

Hybrid

Direct

Equity Savings

NAV as on 04-12-2024

₹ 17.3

0.2%

1D

Inception Returns

9.1%

/yr

About Franklin India Equity Savings Fund Direct Growth

Franklin India Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 27 August, 2018. The fund is managed by Rohan Maru. This fund gives you the benefit of diversification.

Key Parameters

  1. Franklin India Equity Savings Fund Direct Growth has ₹724 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Franklin India Equity Savings Fund Direct Growth has given a CAGR return of 9.07% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.80%, 8.74% and 10.31% respectively.

Holdings

Franklin India Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Industrial, Energy, Utilities, Consumer Cyclical, Tech, Government, Consumer Defensive, Communication, Health, Basic Materials.

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 benefit
Gains 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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
35 people have invested ₹ 10.2L in Franklin India Equity Savings Fund Direct Growth in the last three months

Franklin India Equity Savings Fund Direct Growth Overview

Expense ratio0.28%
Benchmark
NIFTY Equity Savings TR INR
AUM₹724 Cr
Inception Date27 August, 2018
Min Lumpsum/SIP₹5000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
688.95%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (04-Dec-24)

Period
Franklin India Equity Savings Fund Direct Growth
Equity Savings Index
1M
1.2%
1.1%
3M
1.3%
0.6%
6M
4.9%
5.1%
1Y
11.8%
13.8%
3Y
8.7%
9.4%
5Y
10.3%
10.2%

Fund Distribution

as on (31-Oct-24)

  • Equity 16.9%

  • Debt & Cash 83.1%

Large cap
61.3%

Mid cap
4.2%

Small cap
0.8%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
34.9%
Industrial
13.5%
Energy
10.8%
Utilities
9.7%
Consumer Cyclical
8.2%
Tech
7.7%
Consumer Defensive
6.4%
Communication
3.8%
Health
3.1%
Basic Materials
1.8%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 724.4 Cr
₹ 702.4 Cr
₹ 671.3 Cr
  • AUM of the fund stands at 724.4 Cr as of Oct'24
  • AUM increased by 22 Cr between Oct'24 and Sep'24

Top 3 Sectors in October were Financial Services, Corporate & Industrial

Oct'24
Financial Services
35%
Corporate
19%
Industrial
14%
Sep'24
Financial Services
34%
Corporate
14%
Industrial
13%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
118
114
111
Top 5 Company Concentration
18.1%
16.1%
16.7%
Company having highest exposure
HDFC Bank Ltd (4.1%)
Tata Power Co Ltd (3.6%)
Mahindra & Mahindra Ltd (4.4%)
No of Sectors
12
12
12
Top 5 Sectors Concentration
88.3%
85.2%
84.4%
Sector having highest exposure
Financial Services (34.9%)
Financial Services (34.1%)
Financial Services (29.8%)
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Rohan Maru
Rohan Maru
Fund Manager of Franklin India Equity Savings Fund Direct Growth, since 10 October 2024
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Total AUM
₹1.17L Cr
as on 31-Oct-2024
Address
One International Centre, Tower 2, 12th and 13th Floor,Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
+912267519100
Website
service@templeton.com

Mutual Fund Insights

Insights icon
In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 24.82% return, outperforming this fund by 13.02%.
Insights icon
Over the last 6 months, this fund has experienced a 36.4% growth in AUM moving from 531.23 Cr to 724.43 Cr.
Insights icon
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.28% which is lower than the category average expense ratio of 1.05%.
Insights icon
In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 14.78% return, outperforming this fund by 4.47% per annum.
Insights icon
In the last 3 years, HSBC Equity Savings Direct Plan Growth Plan has given 14.43% return, outperforming this fund by 5.7% per annum.

Franklin India Equity Savings Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 9.07% since inception which is more than its category average return of 8.49%
Fund Allocations

Fund Allocations

This fund has an allocation of 16.95% in Equity, 21.68% in Debt and 61.38% in Cash related instruments
AUM size ₹724 Cr

AUM size ₹724 Cr

This fund has AUM of ₹724 Cr which is less than its category average of ₹ 1688 Cr
Expense Ratio 0.28%

Expense Ratio 0.28%

This fund has an expense ratio of 0.28% which is less than its category average expense ratio of 1.13%

Frequently Asked Questions for Franklin India Equity Savings Fund Direct Growth

The current NAV of Franklin India Equity Savings Fund Direct Growth is ₹17.3 as on 04-Dec-2024.
Existing (Absolute + CAGR) as on 04-Dec-2024.
Franklin India Equity Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.2%
1.2%
6 Month Returns
4.87%
4.87%
1 Year Returns
11.8%
11.8%
3 Years Returns
28.56%
8.74%
5 Years Returns
63.36%
10.31%
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  • Select your bank account and proceed with Payment.
0.28% as on November 2024
₹724 Cr as on November 2024
Bajaj Finance Limited(4.4%), HDFC Bank Ltd(4.06%), Larsen & Toubro Ltd(3.95%), Tata Power Co Ltd(3.86%), LIC Housing Finance Limited(3.59%) as on November 2024
Cash Equivalent(61.38%), Corporate(16.05%), Financial Services(5.92%) as on November 2024
AAA
86.85
AA
13.15
Rohan Maru is the fund manager of Franklin India Equity Savings Fund Direct Growth
The Exit load of Franklin India Equity Savings Fund Direct Growth is 0%