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Franklin India Taxshield

Franklin India tax shield is an open ended, ELSS scheme offered by Franklin Templeton mutual fund in India. This scheme is well known for low risk and more than average returns. As this is a tax saver scheme mandatory lock in period is 3 yrs and one can withdraw capital anytime after 3 Years or keep with AMC.

This fund was introduced in April 1999 and Asset under management is just nearer to Rs. 800 Cr.

Portfolio Details of Franklin India Taxshield:

Top 5 sectors in which this fund have highest exposure are

Sector

% Allocation

Financial

16.55

Energy

15.10

Technology

12.30

Communication

11.85

Automobile

8.50

Top 5 Stock Holdings of this fund: 

Stock

% Allocation

Infosys

8.68

Bharti Airtel

8.11

ICICI bank

6.04

Reliance Industries Ltd

4.92

Grasim Industries

4.00

 Returns offered on Lumpsum Investment:

Rs.1 Lac Invested In Franklin Taxshield

Value as on 30/10/11

Fund Returns (CAGR)

Cateogary Returns

Before 5 Yrs

1,67,823

10.91

6.30

Before  3 Yrs

2,05,225

27.08

23.45

Before 2 Yrs

1,30,000

14.02

9.02

Before 1 Yr

95090

-4.91

-13.80

 SIP Returns of the fund:

Rs.3000 pm Invested In Franklin Taxshield

Value as on 30/10/11

Fund Returns (CAGR)

Before 5 Yrs

2,47,995

12.77

Before  3 Yrs

1,41,884

18.53

Before 2 Yrs

76,725

6.23

Before 1 Yr

35,870

-0.36

 
Important thing for ELSS scheme is that being equity oriented maturity amount is tax free in the hands of investors. So anyone in higher tax bracket have a great advantage of it..so if you are looking to save some tax u/s 80c do not forget to think about this plan.
 

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