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Introduction to the Fund
Equity funds are a type of mutual funds that buy ownership in businesses. This is often in the form of publicly traded common stock. An investor can invest his money into an equity fund and buy ownership in businesses, which is often a less risky move as opposed to other forms of investing. Franklin India Equity Advantage Fund offers different types of Equity Funds to suit various investment needs.
Franklin India Equity Advantage Fund
Features and Benefits of Franklin India Equity Advantage Fund
Franklin India Equity Advantage Fund is aimed at generating long term income and capital appreciation through a diversified portfolio of equity and equity-related securities. The fund has consistently declared a dividend every year for the last 13 years.
Some of the features and benefits of Franklin India Equity Advantage Fund include:
- Minimum 35% investment in large-cap and a minimum of 35% in mid-cap companies.
- Remaining 30% is allocated across large, mid and small-cap companies and debt and money market instruments, depending upon which type of companies have better growth potential
- Tax benefit: Long term capital gains (LTCG) tax at 10% without indexation if units held for more than 12 months. The surcharge, if applicable and cess apply.
- Short term capital gains (STCG) tax at 15% if units are held for less than 12 months. The surcharge, if applicable and cess apply.
- The investor does not pay any tax on dividends.
Fund Information
| Allotment date of the fund | 02/03/2005 |
| Objective | Long-term wealth creation and tax benefits under Section 80C |
| Ideal for | Long-term financial goals like children’s education, marriage, retirement. |
| Alternative to | Investments in Predominantly Large and Mid-Cap Companies |
| Benchmark | Nifty 50 Nifty 500 |
| Entry Load | Nil |
| Exit Load | In respect of each purchase of units - 1% if the units are redeemed/switched-out within one year of allotment |
| Fund size in INR (Crores) | 2696.33 |
| Portfolio Turnover | 24.32% |
Franklin India Equity Advantage Fund Performance
Cumulative Performance for Growth Plan as of 31/05/2019
| YTD | 1-Month | 3-Month | 1-Year | 3-Year | 5-Year | 10-Year | |
|---|---|---|---|---|---|---|---|
| Fund | -6.44 | 0.20 | -10.00 | -11.07 | 2.56 | 6.18 | 11.45 |
| S&P BSE 250 Large MidCap TRI | -1.81 | -0.98 | -9.35 | -7.50 | 7.64 | 8.02 | 10.62 |
| Category | -3.57 | 0.55 | -9.07 | -8.79 | 5.01 | 8.06 | 11.37 |
| Rank within Category | 19 | 14 | 17 | 13 | 16 | 14 | 8 |
| Number of funds in category | 24 | 25 | 25 | 22 | 21 | 19 | 17 |
It is important to note that different plans have different expense structure. Past performance may or may not continue in the future. This needs to be tracked on a regular basis with the mutual fund team.
Recent Dividends
| Plan | Record Date | Div Per Unit | Record NAV | Ex. Div Date | Ex. Div NAV |
|---|---|---|---|---|---|
| Dividend | 15/03/2019 | 1.5000 | 16.6850 | 18/03/2019 | 15.2471 |
| Direct-Dividend | 15/03/2019 | 1.5000 | 17.6790 | 18/03/2019 | 16.2458 |
Franklin India Equity Advantage Fund – Portfolio
| Portfolio Aggregates | |||
|---|---|---|---|
| Fund | Benchmark | Category | |
| Average Mkt Cap (Rs Cr) | 46,884.37 | - | 59,633.46 |
| Giant (%) | 36.76 | - | 41.88 |
| Large (%) | 18.20 | - | 11.59 |
| Mid (%) | 41.75 | - | 43.88 |
| Small (%) | 3.30 | - | 5.57 |
| Tiny (%) | - | - | 0.57 |
Top Holdings
| Company | Sector | PE | 3Y High | 3Y Low | % Assets |
|---|---|---|---|---|---|
| Axis Bank | Financial | 31.82 | 8.99 | 5.31 | 7.51 |
| HDFC Bank | Financial | 27.73 | 10.67 | 5.17 | 5.58 |
| ICICI Bank | Financial | 46.59 | 4.91 | 0.00 | 4.91 |
| Infosys | Technology | 22.78 | 4.53 | 2.21 | 4.53 |
| Hindalco Inds. | Metals | 50.92 | 4.00 | 0.00 | 3.53 |
| Grasim Industries | Construction | 24.30 | 4.13 | 1.46 | 3.09 |
| Mahindra & Mahindra | Automobile | 10.91 | 6.03 | 2.57 | 3.07 |
| Cholamandalam Financial Holdings | Financial | 124.90 | 3.07 | 0.00 | 2.94 |
| Gujarat State Petronet | Energy | 14.47 | 2.85 | 1.74 | 2.84 |
| Bharti Airtel | Communication | 0.00 | 3.16 | 1.68 | 2.82 |
Sector Breakdown % Equity (as of 31/07/2019)
| Banks | 22.77% |
| Consumer Non-Durables | 8.46% |
| Power | 6.99% |
| Software | 6.15% |
| Finance | 6.15% |
| Gas | 4.95% |
| Cement | 4.51% |
| Petroleum Products | 4.04% |
| Auto | 3.96% |
| Call, cash and other current asse | 3.9% |
| Non-Ferrous Metals | 3.53% |
| Industrial Products | 3.19% |
| Telecom – Services | 2.96% |
| Auto Ancillaries | 2.41% |
| Fertilizers | 2.18% |
| Pharmaceuticals | 2.11% |
| Construction | 1.91% |
| Healthcare services | 1.61% |
| Chemicals | 1.41% |
| Industrial Capital Goods | 1.38% |
| Media & Entertainment | 1.1% |
| Retailing | 0.81% |
| Ferrous Metals | 0.7% |
| Textile Products | 0.35% |
Please note that all portfolio holdings are subject to change
Franklin India Equity Advantage Fund NAV
The NAV (Net Asset Value) of Franklin India Equity Advantage Fund is the total market value of all shares held in the Mutual Fund Portfolio. It shows the book value of the investment. This includes cash, liabilities divided by the total number of units outstanding. The NAV of Franklin India Equity Advantage Fund as on 31st December 2018 is:
| Option | NAV |
|---|---|
| Dividend | 13.8834 |
| Growth | 72.7484 |
| Direct Plan - Dividend | 14.8414 |
| Direct Plan-Growth | 76.3461 |
How to invest in Franklin India Equity Advantage Fund?
Investing in Franklin India Equity Advantage Fund is very convenient and simple. There are mainly two ways of doing this:
Online:
- You can simply click on the “Invest Now” option on their official website, where after you will be prompted for your basic information, like name, mobile number, and PAN number. You will need to fill up the one-time registration form to complete the process.
Request for a callback:
- You can request for a call back by entering your contact details (name and phone number) on their contact form whereupon an expert will get in touch with you to further discuss your investment options.
Email:
- You can email their customer service on the email address listed on their website for more information.
Tollfree number:
- You can call their toll-free number listed on their official website and talk to an expert.
Chat:
- You can also chat with an online assistant using the chat option on their website and have your questions addressed.
FAQs: Franklin India Equity Advantage Fund
1. What are the documents required for investing in Franklin India Equity Advantage Fund?
Some of the documents required for investing in Franklin India Equity Advantage Fund are listed as follows:
- Passport Size Photograph
- Proof of identity such as a copy of the PAN card. Aadhaar, Passport or voter ID or driving license
- Proof of address passport or driving license or ration card or registered lease/sale of residence or latest bank A/C statement or passbook or latest telephone bill (only landline) or latest electricity bill or latest gas bill, which are not older than three months.
- Duly filled KYC Application
2. What is AUM?
Assets Under Management (AUM) refers to the market value of investments managed by a mutual fund.
3. What is Franklin India Equity Advantage Fund suitable for?
This type of investment is suitable for creating retirement corpus, education corpus, and long-term wealth creation
4. What are the Tax Benefits of investing in this fund?
- The long-term capital gains (LTCG) tax at 10% without indexation if units are held for more than 12 months.
- Short term capital gains (STCG) tax at 15% if units are held for less than 12 months.
- You need not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source at 11.648%
5. How can I calculate my returns on a mutual fund?
There are 2 ways of calculating returns on mutual fund – absolute returns and annualized returns.
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