Franklin India Taxshield ELSS Mutual Fund Full Details

Franklin India ELSS Tax Saver Fund, formerly known as Franklin India Taxshield Fund, is an Equity Linked Savings Scheme (ELSS) that offers tax benefits under Section 80C of the Indian Income Tax Act. Investments up to ₹1.5 lakh in a financial year are eligible for tax deductions. The scheme has a mandatory lock-in period of three years.

Fund Overview:

• Launch Date: April 10, 1999
• Fund Type: Open-ended ELSS equity scheme
• Fund Managers: R. Janakiraman and Lakshmikanth Reddy

Performance and Returns:

• Net Asset Value (NAV): As of January 7, 2025, the NAV for the Growth option of the Regular plan is ₹1,458.12.
• Returns: The fund has delivered returns of 20.68% over the past year, 16.96% over three years, and 19.50% over five years.

Fund Size and Expense Ratio:

• Assets Under Management (AUM): ₹6,889.57 crore as of September 30, 2024.
• Expense Ratio: The fund has an expense ratio of 1.80%.

Investment Details:

• Minimum Investment: ₹500 for both lump sum and SIP investments.
• Lock-in Period: 3 years
• Tax Benefits: Investments qualify for deductions under Section 80C up to ₹1.5 lakh per financial year.

Portfolio Composition: The fund primarily invests in equity and equity-related instruments, maintaining a diversified portfolio across various sectors. It is mandated to invest at least 80% of its assets in equity stocks.

Investment Options: The fund offers two plans: Regular and Direct. The Direct plan has a lower expense ratio compared to the Regular plan, as it does not include distributor commissions. Both plans have Growth and Dividend options.

How to Invest: Investors can purchase units directly from the Franklin Templeton Mutual Fund website or through mutual fund distributors and financial advisors. Online investment platforms also facilitate investments in this fund.

Risk Factors: As an equity-oriented fund, it carries a high risk. Investors should assess their risk tolerance and investment horizon before investing.

For the most current information and personalized advice, consider consulting a financial advisor or visiting the official Franklin Templeton Mutual Fund website.