Fund Name: Franklin India Taxshield (G)
CRISIL Rank: 3
Expense Ratio: 2.47%
Risk Level: Low
Benchmark: CNX 500
Objective: Is an open end equity linked savings scheme with an objective to provide medium to long term growth of capital along with income tax rebate.
Franklin India Taxshield (G) fund has made its inception in the year 1999. Since inception, it has given returns of 24.16% annualized. It has managed to beat the benchmark index comprehensively in the 1, 3 5 and 10 year returns category.
Top 5 holdings of the fund include Infosys, Bharti Airtel, ICICI bank, Reliance Industries and HDFC bank. It invests about 62% of the amount into large caps, 29% into mid caps and rest in small caps. The fund has been delivering good returns on a consistent basis.