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
₹1311.24
-0.20%
NAV as on 01 May 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 01 May 24, 12:00 AM
very high risk
elss (tax savings)
elss
45.50%p.a.
Last 1Y
23.28%p.a.
Last 3Y
17.98%p.a.
Last 5Y
21.38%p.a.
Since Inception
About Franklin India ELSS Tax Saver Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Franklin India ELSS Tax Saver Fund Growth scheme from Franklin Templeton Asst Mgmt(IND)Pvt Ltd. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Apr 1999, Franklin India ELSS Tax Saver Fund Growth is ELSS (Tax Savings) fund of its category with 6,179.88 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- Franklin India ELSS Tax Saver Fund Growth delivered 45.5% annual returns during the last year. It has delivered 21.4% average annual returns since the fund was launched.
- Franklin India ELSS Tax Saver Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
The primary objective for Franklin IndiaTaxshield is to provide medium to long term growth of capital along with income tax rebate.
Top 10 Holdings
ICICI Bank Ltd
8.14%
HDFC Bank Ltd
6.33%
Larsen & Toubro Ltd
5.88%
Bharti Airtel Ltd
5.37%
Infosys Ltd
5.05%
State Bank of India
3.96%
Axis Bank Ltd
3.82%
HCL Technologies Ltd
3.72%
NTPC Ltd
3.19%
United Spirits Ltd
3.03%
Fund Managers
- R. Janakiraman (May 2016 - Present)
- Rajasa Kakulavarapu (Dec 2023 - Present)
Key Information
View Scheme Document
Franklin India ELSS Tax Saver 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 ELSS Tax Saver 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 ELSS Tax Saver 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 ELSS Tax Saver 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
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12.0%
SBI Long Term Equity Fund Growth
very high risk | elss
28.7%
Mirae Asset ELSS Tax Saver Fund - Plan-Growth
very high risk | elss
18.6%
Frequently Asked Questions
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