Franklin India Taxshield Fund - Direct - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : ELSS

Fund House : Franklin Templeton Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 581.5342 0.22%
(as on 11th October, 2019)

Crisil Rank

Average performance among peers

Fund Size

: ₹ 3984.62 Cr

(4.23% of Investment in Category)

Expense Ratio

: 1.04%

(1.22% Category average)

Risk-O-Meter

Moderately High

ELSS :ELSS : Fund has 90.81% investment in indian stocks of which 67.4% is in large cap stocks, 10.21% is in mid cap stocks, 6.02% in small cap stocks.

Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

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3M
6M
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This Scheme

VS

Benchmark
Nifty 500

1.62%

-3.22%

-4.91%

6.96%

2.08%

7.66%

0%
NA
2.38%

-2.28%

-3.75%

7.54%

0.37%

9.75%

8.64%

NA
Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

Amount

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Profit/Loss

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Annualised Returns

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Returns (NAV as on 11th October, 2019)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	04-Oct-19	10104.00	1.04%	-	0.69%	21/64
1 Month	11-Sep-19	10189.90	1.90%	-	2.38%	39/64
3 Month	11-Jul-19	9734.70	-2.65%	-	-2.28%	37/63
6 Month	11-Apr-19	9669.70	-3.30%	-	-3.75%	33/63
YTD	01-Jan-19	10063.40	0.63%	-	-4.24%	33/63
1 Year	11-Oct-18	10773.60	7.74%	7.74%	7.54%	33/61
2 Year	11-Oct-17	10556.70	5.57%	2.75%	0.37%	20/52
3 Year	10-Oct-16	11912.30	19.12%	6.00%	6.97%	27/44
5 Year	10-Oct-14	16040.40	60.40%	9.90%	9.75%	16/32
Since Inception	01-Jan-13	23967.50	139.67%	13.76%	8.64%	18/56

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 11th October, 2019)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	11-Oct-18	12000	12177.79	1.48 %	2.75 %
2 Year	11-Oct-17	24000	24219.68	0.92 %	0.88 %
3 Year	10-Oct-16	36000	38089.56	5.8 %	3.7 %
5 Year	10-Oct-14	60000	71070.4	18.45 %	6.71 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

Portfolio (Updated on 30th Sep,2019)

Equity Holding : 90.81% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 90.81%

No of Stocks : 49 (Category Avg - 43.28) | Large Cap Investments : 67.4%| Mid Cap Investments : 10.21% | Small Cap Investments : 6.02% | Other : 7.18%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Cr)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Axis Bank Ltd.	Banks	3493.1	8.77%	0.59%	9.76% (Jan 2019)	7.56% (Oct 2018)	50.99 L	4.50 L
HDFC Bank Ltd.	Banks	2860.1	7.18%	-0.59%	8.51% (Jun 2019)	7.18% (Sep 2019)	23.30 L	23.30 L
ICICI Bank Ltd.	Banks	2039.7	5.12%	0.49%	5.12% (Sep 2019)	2.76% (Oct 2018)	47.03 L	4.40 L
Kotak Mahindra Bank Ltd.	Banks	1931.7	4.85%	-0.37%	6.9% (Oct 2018)	4.55% (Feb 2019)	11.75 L	-2.00 L
Power Grid Corporation of India Ltd.	Power- transmission	1616.1	4.06%	-0.25%	4.31% (Aug 2019)	3.14% (Nov 2018)	81.19 L	0.00
Infosys Ltd.	Computers - software	1467.1	3.68%	-1.34%	5.02% (Aug 2019)	3.01% (Dec 2018)	18.21 L	-5.03 L
Grasim Industries Limited	Cement	1373.6	3.45%	-0.10%	3.88% (Jul 2019)	3.13% (Dec 2018)	18.81 L	0.00
Hindalco Industries Ltd.	Aluminium	1301	3.27%	-0.05%	4.06% (Oct 2018)	3.17% (May 2019)	67.99 L	0.00
Mahindra & Mahindra Ltd.	Passenger/utility vehicles	1127	2.83%	-0.06%	4.22% (Oct 2018)	2.83% (Sep 2019)	20.60 L	0.00
- Bharti Airtel Ltd.	Telecom - services	1117.5	2.80%	0.00%	2.8% (Sep 2019)	1.75% (Oct 2018)	30.45 L	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
Net Receivables	Net Receivables	9.19%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th September, 2019)

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

12vs10.89

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

0.86vs0.72

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Poor risk adjusted returns

0.06vs0.09

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Poor risk adjusted returns

0.01vs0.01

Category Avg
Jension's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

Poor risk adjusted returns

-1.52vs-0.94

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
JM Tax Gain Fund - (Direct) - Growth	5	33.26	5.73	4.78	4.42	21.06	10.96
Axis Long Term Equity Fund - Direct Plan - Growth	4	20425.31	5.51	3.62	6.80	19.74	12.69
BNP Paribas Long Term Equity Fund - Direct Plan - Growth	3	471.08	4.48	1.92	4.70	18.33	8.47
DSP Tax Saver Fund - Direct Plan - Growth	3	5840.90	3.21	0.66	1.43	17.43	8.71
Tata India Tax Savings Fund - Direct Plan - Growth	NA	1919.17	2.68	-1.80	0.40	17.30	9.52
LIC MF Tax Plan 1997 - Direct Plan - Growth	4	243.54	4.43	4.07	4.25	16.85	10.31
BOI AXA Tax Advantage Fund - Direct Plan - Growth	3	243.39	5.59	4.08	4.08	14.53	8.79
Motilal Oswal Long Term Equity Fund - Direct Plan - Growth	3	1500.24	4.91	3.87	2.55	14.34	10.16
Canara Robeco Equity Tax Saver - Direct Plan - Growth	5	965.21	4.61	-1.05	-0.49	13.99	9.79
Kotak Tax Saver Scheme - Direct Plan - Growth	4	946.65	2.68	-2.66	-0.33	13.57	8.74

Detailed Comparison

More Funds from Franklin Templeton Mutual Fund

Out of 64 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 1 is/are ranked 4 * , 13 is/are ranked 3 * , 6 is/are ranked 2 * , 3 is/are ranked 1 * , and 40 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Franklin India Ultra Short Bond Fund - Super Institutional - Direct - Growth	3	20130.03	0.72	2.30	4.56	10.14	8.85
Franklin India Short Term Income Plan - Direct - Growth	2	12999.87	-0.06	0.81	2.13	8.58	8.57
Franklin India Equity Fund - Direct - Growth	2	10761.97	1.47	-3.11	-6.88	4.38	5.11
Franklin India Liquid Fund - Direct - Growth	1	10082.86	0.51	1.60	3.43	7.45	7.16
Franklin India Focused Equity Fund - Direct - Growth	3	8353.60	0.43	-6.96	-5.01	11.98	7.64
Franklin India Prima Fund - Direct - Growth	3	7188.00	1.45	-2.13	-5.33	6.87	5.18
Franklin India Smaller Companies Fund - Direct - Growth	3	7004.97	0.81	-6.42	-10.86	-3.03	0.77
Franklin India Bluechip Fund - Direct - Growth	1	6851.52	1.18	-4.57	-6.85	3.65	4.74
Franklin India Credit Risk Fund - Direct - Growth	3	6742.75	-0.15	0.65	1.47	7.44	8.00
Franklin India Low Duration Fund - Direct - Growth	3	5934.96	0.04	1.77	2.92	8.64	8.47