Franklin India Bluechip Direct Fund-Growth
Equity Large Cap
PLAN: GROWTH TYPE : OPEN-ENDED OPTION: Growth
1 Yr return
9.47%
3 Yrs CAGR returns
9.15%
5 Yrs CAGR returns
6.69%
NAV as on 27 Dec
₹ 508.71 by 4.78 ( 1.35%)
Expense ratio
1.09
Exit load
1%
Fund Size (Cr)
₹ 7245.87
If ₹5000 invested for 1
Estimated returns*
₹ 0
with % annual returns
* The calculator, based on assumed rate of returns, is meant for illustration purposes only.More
The calculations are not based on any judgments of the future return and should not be construed as promise on minimum returns. Information gathered and material used in this calculator is believed to be from reliable sources. Paisabazaar however does not warrant the accuracy, reasonableness and/or completeness of any such information. While utmost care has been exercised while preparing the calculator, Paisabazaar does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator.
The scheme is to generate long-term capital appreciation by actively managing a portfolio of equity and equity related securities. The Scheme will invest in a range of companies, with a bias towards large cap companies.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
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| Top 10 Sectors | % |
|---|---|
| Financial | 29.42 |
| Energy | 15.44 |
| Construction | 12.38 |
| Technology | 8.31 |
| Health Care | 7.91 |
| Others | 7.71 |
| Communication | 6.72 |
| Life Insurance | 3.84 |
| Automobile | 3.07 |
| Services | 2.05 |
| Top 10 Sectors | % |
|---|---|
| Banking | 9.72 |
| Others | 7.71 |
| Banking | 7.59 |
| Banking | 6.99 |
| Banking | 4.86 |
| Drugs & Pharma | 4.81 |
| Telecom.Services | 4.59 |
| Crude Oil & Natural Gas | 4.04 |
| Life Insurance | 3.84 |
| Electricity Generation | 3.62 |
| Fund House | Franklin Templeton Mutual Fund |
| Fund Manager | Pyari Menon |
| Fund Setup Date | 01 Jan 2013 |
| Address | Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone Road (West) |
| Contact | 1-800-4254255/ 60004255 |
| Email ID | service@templeton.com |
About Franklin India Bluechip Fund
Franklin India Bluechip Fund invests a major corpus in equities of bluechip companies. It bets its funds on stocks of companies that run large and established businesses, enjoy leadership in respective industries and have a proven long track record. Its objective is long term wealth creation and has moderate high risks associated with it.
More than 90% is invested in equities and about 70%-90% is invested in large cap companies. Its holdings are in sectors of Banks & Finance (such as ICICI, SBI, HDFC), Cement, Software, Gas, Petroleum, etc. The fund is from a global Finance Company involved in institutional, retail management and other financial services that set its foot in India about a couple of decades ago and established an Asset Management Company as Franklin Templeton India.
Who Should Invest?
- If your goal is wealth creation maintaining some amount of liquidity and slightly lesser risk, this could be the fund for you as it invests in equities of large cap companies
- An ideal investment into the fund would be for a period of 3-5 years for capital appreciation
- Assuming you are going to be invested for a longer term, the SIP route of investment will help you reap the benefits of the power of compounding and rupee cost averaging. (The fund does allow lump sum investments as well as SIP)
Risks
Equity Funds are always meant for the investors who can bear high risks but the Bluechip Funds promises investment in large cap stocks that can bear the slowdown in the market, although it can not be guaranteed. Therefore, if your appetite for risk is moderate, you could choose this equity fund.
Will You Pay Tax?
If you withdraw or redeem the units before one year of investment, Short Term Capital Gains Tax of 15% is levied. Whereas, Long Term Capital Gains Tax above ₹1 lakh will be taxed at 10% after completion of 1 year of investment.
Let’s say, an individual has ₹2 lakh disposable taxable income in a given financial year, and s/he decides to invest the amount in ELSS. ₹1.5 lakh out of this amount would be exempted from any taxation.₹50,000 would be taxed as per the income tax slab of the investor.
It should be noted that the investment in ELSS remains locked-in for 3 years.
The returns from ELSS are taxed like that from any other equity mutual fund scheme. However, since the units can’t be redeemed before 3 years of investment, only Long Term Capital Gains Tax of 10% above ₹1 lakh will be levied.
Suppose an investor has made a capital gain of ₹1.5 lakh on investment in this scheme, and withdraws the amount after 1 year of investment, Long Term Capital Gains Tax of 10% would be levied on ₹50000. ₹1Lakh is exempted from taxation. The payable tax would be ₹5000.
How to Invest in Franklin India Bluechip Fund?
- Sign Up/Sign In to Paisabazaar.com and go to ‘Direct Mutual Funds’
- Click on the section of ‘Large Cap Funds’
- Type and search directly by the name of Franklin India Bluechip Fund. Once it opens up, look at the details. You can also compare similar funds as well as use Returns Calculator
- Click on ‘Invest Now’, select either Lump sum or SIP
Why Should you Choose Paisabazaar?
- Trusted website, no commission charges and no paperwork
- You can compare more than 1,700 Funds at one platform instead of visiting the website of each AMC and then searching for numerous funds
- Easy to browse as Funds are segregated under Equity, Debt, Large Cap, ELSS, etc. You can further add filters of ratings, returns, fund houses
- Important scheme details such as latest Net Asset Value (NAV), expense ratio, assets under management, etc are also available on the portal, making it easier for consumers to pick a suitable fund
Frequently Asked Questions (FAQs)
Q. Should you invest in Franklin India Bluechip Fund?
A. If you can tolerate moderate risks and you can stay invested for a span of 3-5 years then you can consider the fund for substantial capital appreciation. It is also one of the highly ranked funds by CRISIL.
Q. What is a blue chip company and why is it called so?
A. A renowned large capitalization with good reputation in the market is a blue chip company. The term ‘Blue Chip’ comes from the game of Poker in which blue chips hold the highest value.
Q. Is it beneficial to invest via open-ended (lumpsum) or SIP?
A. SIP (Systematic Investment Plan) is considered efficient and convenient mode of investment that is beneficial in the long term investment. It also reduces financial burden as one needs to invest periodically and provides the benefit of rupee averaging cost.
Q. What is the entry load for this fund?
A. There is no applicable entry load on the aforementioned fund.
Q. What is the exit load for this scheme?
A. If an investor redeems the purchased units within 1 year of allotment of units, an exit load of 1% is payable by the investor. However, no exit load is levied for redemption of units after 1 year of purchase.
Q. Is there any lock-in period for investment in this scheme?
A. No. Investors can redeem their investment as per their wish and needs.
Q. What is the fund manager’s style of investment?
A. Ms. Roshi Jain (since 2016) and Mr. Anand Radhakrishnan (since 2007) are the Fund Managers who pick up stocks of large companies that can accrue high returns in the bull market and also stay stable in a bear market.