NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹15.78
-0.10%
NAV as on 16 Oct 24, 12:00 AM
low to moderate risk
equity savings
equity
NAV as on 16 Oct 24, 12:00 AM
low to moderate risk
equity savings
equity
11.64%p.a.
Last 1Y
6.70%p.a.
Last 3Y
9.16%p.a.
Last 5Y
7.73%p.a.
Since Inception
About Franklin India Equity Savings Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Franklin India Equity Savings Fund Growth scheme from Franklin Templeton Asst Mgmt(IND)Pvt Ltd. It is a Equity Savings mutual fund scheme that predominantly invests in Equity Savings stocks of companies. Launched on Aug 2018, Franklin India Equity Savings Fund Growth is Equity Savings fund of its category with 702.43 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Equity Savings funds.
- Franklin India Equity Savings Fund Growth delivered 11.6% annual returns during the last year. It has delivered 7.7% average annual returns since the fund was launched.
- Franklin India Equity Savings Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
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.
Top 10 Holdings
Bajaj Finance Limited
4.51%
07.37 Goi 2028
3.76%
LIC Housing Finance Ltd. 7.835%
3.68%
Future on Tata Power Co Ltd
3.65%
Tata Power Co Ltd
3.63%
182 DTB 14112024
3.53%
Future on Reliance Industries Ltd
3.52%
Reliance Industries Ltd
3.49%
State Bank of India
3.14%
Future on Axis Bank Ltd
3.10%
Fund Managers
- Venkatesh Sanjeevi (Oct 2024 - Present)
- Rohan Maru (Oct 2024 - Present)
- Anuj Tagra (Apr 2024 - Present)
- Sandeep Manam (Oct 2021 - Present)
- Rajasa Kakulavarapu (Sep 2021 - Present)
Key Information
View Scheme Document
Franklin India Equity Savings Fund Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Franklin India Equity Savings Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Franklin India Equity Savings Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Franklin India Equity Savings Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Similar Funds
Funds
3Y Return
Tata Equity Savings Growth
low to moderate risk | equity
8.3%
PGIM India Equity Savings Fund Growth Option
low to moderate risk | equity
6.0%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved