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.

1. Franklin India Equity Savings Fund Direct Growth has ₹703 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
2. The fund has an expense ratio 0.3.
   

Franklin India Equity Savings Fund Direct Growth has given a CAGR return of 8.75% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.63%, 8.08% and 9.83% respectively.

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

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).

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 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.